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Super Retail Group’s sales increase amid new store openings

Inside Retail

The company’s sales grew 3 per cent from last year to $2 billion while statutory net profit after tax slightly declined by 1 per cent to $143 million. Super Retail Group booked higher sales in the fiscal first half on the back of 17 new store openings.

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Oroton trebles profit after rigorous cost-control measures

Inside Retail

Luxury fashion retailer Oroton Group says its profit more than tripled on the back of higher sales and stricter cost and inventory management in FY23. The company booked a net profit of $8.2 million in the 12 months ended July 30, up 3.5 times from last year.

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Skechers teams with John Deere in global footwear partnership

Inside Retail

Skechers said last month that increased sales in the first quarter resulted in a massive increase in net profitability. billion, the company’s net profitability increased by 28.8 The gross profit margin improved to 52.5 per cent, while the gross profit increased by 20.7 With revenues up 12.5

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Hermes beats the luxury blues; sales surge 15 per cent 

Inside Retail

billion, and consolidated net profit edged up to €2.4 In a more challenging context, all the regions continued to show remarkable momentum, with the exception of Asia due to an inflection in traffic in Greater China, the company assessed. On the bottom line, recurring operating income increased by 7 per cent to €3.1 billion from €2.2

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Accent Group’s sales remain weak in first 19 weeks of FY24

Inside Retail

per cent, and a net profit of $88.7 .” The company also noted that it is focused on the efficiency of the cost of doing business amid inflationary pressures and lower like-for-like sales. In FY23, Accent Group opened 80 stores and booked owned sales of $1.39 billion, up 26.3 million, surging 181.8

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Mosaic Brands names Erica Berchtold as new CEO

Inside Retail

Profit lifts on lower sales During the fiscal first half, Mosaic Brands’ net profit surged 121 per cent to $5.4 million despite revenue decreasing 12.5 per cent to $234.1

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Analysis: a perfect retail storm is brewing

Inside Retail

per cent increase in clothing, footwear and personal accessories. Despite some retailers reporting strong sales because of the growth in online sales, net profits declined. per cent in the 2022 fiscal year supported by record online sales, which increased by 44 per cent while net profit fell by 20 per cent.