Inside Retail
FEBRUARY 10, 2022
Net profit after tax was $8.1 per cent and accounted for 59 per cent of online sales in areas where the company has a physical store. In a results presentation, Baby Bunting’s CEO and MD, Matt Spencer indicated the company has plans to enter the New Zealand market with 10 stores. million, up by 12.2 per cent to $56.8
Small Biz Trends
JULY 31, 2022
A new business won’t survive long if it doesn’t have solid cash flow and a good accounting system in place. To that end, a panel of Young Entrepreneur Council (YEC) members answered the following question: “What’s one accounting mistake that new business owners might tend to make, and why? How can they fix it?”
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Inside Retail
AUGUST 16, 2022
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
Inside Retail
AUGUST 31, 2023
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 These results have not deterred the company from its expansion plans. billion baht (US$1.1
Inside Retail
FEBRUARY 24, 2022
Net profit after tax reached $430.91 The profits of the Australian franchising operations segment were estimated at $292.85 The company said overseas sales, which now account for 27 per cent of company turnover, have grown by 46.2 Total system sales were estimated at $4.91 billion with EBIT at $754.41 million, down 6.7
Retail Gazette
MARCH 12, 2024
Mango has seen its net profit more than double as it rose to €172m (£147m) for the year to 31 December 2023 compared to €81m (£69m) last year. Online turnover also soared to over €1bn for the first time as it accounted for 33% of the group’s total turnover.
Inside Retail
JANUARY 28, 2022
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 billion. “We
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