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Myer expects lower sales, net profit amid challenging trading conditions

Inside Retail

Department store chain Myer expects fiscal first-half sales and net profit to decline year over year amid a challenging trading environment. Online sales account for 21.3 “Like many retailers, we have had to contend with inflationary pressures and greater promotional cadence, which has an impact on profits.”

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JB Hi-Fi posts lower sales, citing challenging trading environment

Inside Retail

The company’s net profit after tax was $264.3 million and accounted for 15 per cent of total sales. “Our Further reading: Consumer class action launched against JB Hi-Fi over ‘junk’ warranties The post JB Hi-Fi posts lower sales, citing challenging trading environment appeared first on Inside Retail Australia.

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Health Brand Jocko Fuel’s Amazon Success Formula: ‘Fight AI with AI’

Retail TouchPoints

By all accounts it’s working. They’ve given small, startup brands the opportunity to put their product in front of consumers in a really unique way.”. But it all started with Amazon and the brand’s DTC website, as it has for so many of the new brands catering to consumer demand and upending categories. “I

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Nick Scali forecasts bumper year ahead as third quarter delivers

Inside Retail

Due to this ongoing positive momentum, Nick Scali is forecasting its full-year EBITDA to hit $120 million and resulting net profit to fall in the range of $78 to $80 million – a 90 per cent increase on the year prior. The post Nick Scali forecasts bumper year ahead as third quarter delivers appeared first on Inside Retail.

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Super Retail Group delivers record sales, eyes expansion

Inside Retail

billion although tax-paid net profit fell 20 per cent to $244.1 Online sales grew 44 per cent to $601 million with click-and-collect accounting for 55 per cent of online sales — surging 73 per cent to $332 million. For the year to July 2, the business says sales grew 2.8 per cent to $3.55 million. “The

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Swipe fee costs average household more than $1,100

Mass Relators

It’s time for the card industry to stop gouging American consumers and small businesses and compete to offer market-based, competitive fees. billion in swipe fees for Visa and Mastercard credit cards alone, which account for more than 80 percent of the market. By contrast, net profit for general retail averages only 3 percent.

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Why Thailand’s rainy season is a double-edged sword for its DIY chains

Inside Retail

The growth was partly assisted by the opening of eight net new stores since mid-2022, and five more are planned for the second half of this year. Net profit for the first half was up 6.6 Net profit was 1.6 billion baht (US$1.1 billion), an increase of 9.3 per cent over the first six months of 2022. billion baht.