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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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Mosaic Brands looks at raising capital following return to profitability

Inside Retail

Mosaic Brands has returned to earnings growth despite faltering sales, clocking in a net profit figure of $2.7 The post Mosaic Brands looks at raising capital following return to profitability appeared first on Inside Retail. million – 101 per cent up on last year – despite revenue falling 3.8

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Premier Investments’ retail sales rise as brands recover from Covid-19 impact

Inside Retail

million as children returned to schools after closures during the pandemic. Meanwhile, Premier Investments’ statutory net profit after tax fell 4.9 Gross profit grew 5.4 Premier Investments said that its Peter Alexander brand witnessed an 11.8 per cent sales increase to $478.9 Smiggle’s sales jumped 22.4

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Why Premier Investments is “well-placed” to meet economic pressures

Inside Retail

The group – which owns and operates brands including Dotti, Peter Alexander, Just Jeans, Smiggle, Portmans and Jacqui E, and features over 1,100 stores across six countries – saw net profit after tax rise by 6.5 Smiggle was a particularly strong performer, with sales for the stationary and accessory brand up by 30 per cent growth.

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Kathmandu Group rebounds in FY22 despite lockdown, supply chain impacts

Inside Retail

The group ended the year with a underlying net profit of $64 million – more than double what was achieved during FY20. A recent rebrand, however, has delivered some return to form according to the group. After a difficult start to the year, outdoor group Kathmandu ended FY21 with relatively strong sales growth of 15.1

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R.M. Williams crafts quality and service from people and tech

Inside Retail

Williams since Tattarang, the private investment company owned by mining magnates Andrew and Nicola Forrest, acquired the business from L Catterton in 2020, returning the bootmaker to full Australian ownership for the first time since 2013. Also the company returned to a net profit, of A$36.8 million, up from a $2.3

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Analysis: Why Premier Investments is bullish about the future

Inside Retail

The scorn has come from shopping centre owners, retailers, politicians and others, due to Premier Retail’s refusal to return any of the JobKeeper support payments it received and rent concessions it extracted on its way to $188.2 million net profit from $784.6 million in global sales. million.