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Universal Store Holdings names George Do divisional CEO, net profit dips

Inside Retail

Universal Store Holdings has appointed George Do in the newly created role of Universal Store and Perfect Stranger divisional CEO, effective March 1, after suffering a steep net profit decline in the first half. The new appointment comes after the group posted a net profit of $11.3 per cent, which included a $13.6

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Step One’s net profit surges 43.9 per cent

Inside Retail

Step One Clothing ‘s net profit surged in the last fiscal year, thanks to higher revenue across all its geographies and channels. The underwear retailer’s net profit soared 43.9 Its women’s line now accounts for 14 per cent of its revenue, up from 12 per cent in the prior year. per cent to $12.4

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Double-digit fall in Hallenstein Glasson’s full-year profit

Inside Retail

NZX-listed fashion retailer Hallenstein Glasson has reported a 23 per cent drop in net profit for the year ended August 1 to AUD39,83 million despite sales growth in the second half. per cent against the prior year, accounting for 27.88 per cent growth in sales with net profit increasing 16.4 million. .

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Zara owner Inditex misses Q1 sales estimates despite growth

Retail Gazette

rise in first-quarter sales to €8.27bn (£7.3bn), falling short of analyst expectations of €8.36bn, as the fast-fashion giant faces a more cautious consumer environment. and delivered a net profit of €1.31bn (£1.16bn), up marginally year-on-year. Zara owner Inditex reported a 1.5%

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Online drives H&M profit recovery – but sales still lag pre-Covid era

Inside Retail

H&M grew its online business by 24 per cent last year to the point e-commerce now accounts for about one-third of its total sales. In what the Stockholm-headquartered multinational fast-fashion retailer described as a “strong recovery” H&M increased its net profit nearly seven-fold to US$1.5

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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.

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Central Retail: Expansions and omnichannel drive growth

Inside Retail

The retail sales mix is nicely balanced, with 30 per cent hardlines, 39 per cent food and 31 per cent fashion. However, fashion is the high-margin business, contributing 51 per cent of earnings. Omnichannel grew by another 10 per cent, year over year in the fourth quarter and now accounts for 20 per cent of company sales.