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Myer’s net profit tumbles as labour, marketing costs increase

Inside Retail

Myer’s net profit declined 18 per cent to $42 million in the first half, reflecting what the company described as an increase in the cost of doing business. per cent to $409 million, accounting for 22.3 Sales remained flat at $1.83 Sales remained flat at $1.83 Comparable sales climbed 0.8 Meanwhile, online sales rose 4.8

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Temple & Webster’s net profit more than doubles

Inside Retail

Temple & Webster’s net profit more than doubled in the first half, thanks to an increase in new and repeat customers, and higher average order values. The furniture retailer’s net profit surged 117.9 The company noted that its exclusive products now account for about 45 per cent of its revenue.

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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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Bapcor flags poor profit, balance sheet amid worse-than-expected second half

Inside Retail

Bapcor has warned of weak profit and balance sheet for the fiscal year, along with some changes to its board of directors, in its latest trading update. The automotive parts group expects an unaudited pro-forma net profit after tax of $81-82 million for the 12 months to June 30. Total revenue was down 1.4 per cent to $1.97

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Inside Pop Mart’s playbook for current and future success

Inside Retail

Meanwhile, net profit soared to RMB3.4 per cent, year on year, and accounted for 38.9 billion and accounting for 21.7 Chinas Pop Mart has wrapped up another stellar year, surpassing RMB13 billion in revenue for 2024 as the blind-box market continues to thrive. This marks an impressive 106.9 per cent year-on-year increase.

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What Big C’s two-speed model says about value and convenience retail

Inside Retail

Big C in all its formats accounted for 69 per cent of Berli Jucker’s total revenues in the first quarter. billion Thai baht ($880 million), of which retail sales from its various formats accounted for $25.5 per cent (down slightly on a year ago) and net profit was down 6.2 Big C Mini needs its own drawcard.

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For Thai retailers CP Axtra and Big C, new stores and fresh food drive growth

Inside Retail

per cent, and net profit was 1.3 Big C has delivered net profit of 4.0 Big Cs store fleet keeps growing Big C accounted for 61 per cent of Berli Juckers total revenues in the fourth quarter. In the fourth quarter, Big Cs sales increased by 3.2 per cent on the same quarter a year ago, to 26.9 billion baht (US$39.7

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