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Myer’s netprofit 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. Sales remained flat at $1.83 Sales remained flat at $1.83 Comparable sales climbed 0.8 Meanwhile, online sales rose 4.8 per cent of total sales.
Outdoor apparel retailer KMD Brands has witnessed an increase in sales and netprofit in FY23 on the back of improved performance across all its businesses – with the Rip Curl and Oboz brands achieving record sales. million and netprofit after tax jumping 8.6 million and netprofit after tax jumping 8.6
The market for Moshi Moshis products and price points in neighbouring countries would seem to be substantial and the company has not been at all reluctant to open shops at a rapid pace. However, better control of selling and administrative expenses helped deliver an increase in netprofit for the quarter of 108.1
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 netprofit of $8.2 million in the 12 months ended July 30, up 3.5 times from last year.
The company also saw growth in all five of its mainstream apparel brands – Just Jeans, Jay Jays, Portmans, Dotti, and Jacqui E – which collectively generated sales of $844.8 Meanwhile, Premier Investments’ statutory netprofit after tax fell 4.9 Gross profit grew 5.4 million, up 4.6 per cent to $271.1 2 per cent.
Kohl’s has launched Discover @ Kohl’s, an in-store experience that curates new, seasonally relevant brands throughout 600 locations and online at Kohls.com. We couldn’t be more excited to introduce customers to Discover @ Kohl’s this back-to-school season,” said Ron Murray, Interim Chief Merchandising Officer at Kohl’s in a statement.
Discount apparel retailer Best & Less Group (BLG) says trading conditions were “inconsistent” through the March and April months of the second half year. BLG executive chair Jason Murray said consumer confidence has been at “historic lows” yet the business is “optimistic” for sales growth. “We per cent to $221.9
Additionally, congestion at the Port of Shanghai, the largest port in the world, appears to be easing. The average waiting time across all vessel types, including tankers, bulkers and containers, at Shanghai has reduced to 28 hours, which is down considerably from its peak average waiting time of 66 hours during the lockdown in China.
Outdoor apparel retailer KMD Brands, formerly known as Kathmandu Holdings, has registered that its Australasian store network suffered significantly in the first half. Group sales for the half were recorded at $379.95 million) while underlying EBITDA was estimated at $9.52 The business’ netprofit after tax fell 124.7
SHEIN generated $23 billion in revenue and netprofits of $800 million in 2022, people close to the company told WSJ. The company has reportedly set a target to grow revenue by 40% this year, which will be propelled, at least in part, by an expansion of its EMEA business. Vincent de Paul, Ireland.
Discount apparel retailer Best & Less Group (BLG) says its sales fell 11.7 per cent, while turnover at physical stores was down by 12.5 For the second half of this year, the group expects total revenue to be in the range of $310 million and $315 million while pro forma netprofit after tax is expected to be between $3.6
The former, a fast fashion giant based in Sweden, saw a slump in fourth quarter earnings, with its operating profits falling by 87 per cent year on year, and its netprofit declining by about 68 per cent. Consumers have [begun] reducing apparel spend and have become more selective over the brands they shop with,” Jupp said. “So
In what the Stockholm-headquartered multinational fast-fashion retailer described as a “strong recovery” H&M increased its netprofit nearly seven-fold to US$1.5 We ended the year strongly with sales back at the same level as before the pandemic and with profitability better than it has been for several years.”.
Puma appoints Daniel Pustina to head its Oceania business By Celene Ignacio Sports apparel retailer Puma has appointed Daniel Pustina as the GM of its Oceania business, effective January 2 next year. Pustina will succeed Daniel Gutstein, who is stepping down from his position at the end of December.
In the 26-week period ending 29 January, Premier lost 42,675 trading days to government-enforced lockdown measures aimed at controlling the spread of the Delta and Omicron variants of Covid-19, resulting in a 16 per cent drop in netprofit to $163.6 We’re not looking at motorcar accessories, for example.
It operates 163 units with an average size of just over 5,200 square metres, but 80 of them are much bigger than that: cavernous warehouses where retail buyers and end consumers load up oversized shopping carts with bulk items at wholesale prices. Netprofit was up by 8.9 Same-store sales growth was almost flat-lining at 0.5
In the back of the net. The line launched with a pop-up on June 17 at Boon the Shop, a futuristic Shinsegae fashion emporium in Seoul, attracting a huge crowd that snapped up items as fast as they could, some of it quickly resold for a killing online. enjoyed an increase in netprofit of nearly 400 percent. Going mega.
It isn’t clear who has the other 62 per cent, but regardless, Moshi Moshi’s current expansion is aimed at filling what the company sees as numerous gaps in the national market that are not currently covered by the existing 117-strong store fleet. per cent, as was the netprofit margin of 14.5 What makes Moshi Moshi special?
It is holding back growth at a time when sales should be rebounding strongly from the low bar set in 2020-21. This was accompanied by a gross profit margin increase from 15.1 per cent and a netprofit margin after tax of 3.4 Third quarter gross profit was particularly strong, coming in at 16.9
Established in 2001, Legendary USA is an eCommerce business selling Made in USA leather motorcycle apparel and military jackets. billion global air purifier market slated to grow at 8% through 2030. This means an SBA-backed lender has looked at it and they will consider providing a business acquisition loan to a qualified Buyer.
Last Updated on May 12, 2023 Today we’re diving into the world of medical apparel and taking a closer look at FIGS, a company that’s been making waves in the industry. FIGS is an apparel company that specializes in creating stylish and functional scrubs for healthcare professionals. But how did they get there?
“These new stores reinforce our ongoing commitment to serving the needs of communities at a time when everyone is looking for a one-stop shopping experience,” Keyes said. Inside stores, safety decals are visible on the floor where customers typically gather, and protective plexiglass shields are at every checkout station.
GMROI – Gross Margin Return on Inventory Investment Definition GMROI measures how efficient and profitable you are at turning your inventory into gross profit. The higher your GMROI, the better you are at wringing profit from your product mix and inventory levels.
Australian menswear retailer Yd is revamping its bricks-and-mortar experience with a radical new store design aimed at driving the next stage of the brand’s evolution. Launched in 1995, Yd has opened two new stores designed by the team at Landini Associates that offer a more spacious, modern shopping experience for customers. “We
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