Apparel Management Net Profit 
Inside Retail
SEPTEMBER 19, 2024
Myer saw a decline in net profit in the last fiscal year due to the underperformance of Sass&Bide, Marcs, and David Lawrence, inflationary pressures, and store closures. The department store chain’s net profit fell 26 per cent to $52.6 million as sales dipped 2.9 per cent to $3.27 per cent of total sales.
Inside Retail
NOVEMBER 23, 2023
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 net profit of $8.2 million in the 12 months ended July 30, up 3.5 times from last year.
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Inside Retail
MARCH 22, 2022
Outdoor apparel retailer KMD Brands, formerly known as Kathmandu Holdings, has registered that its Australasian store network suffered significantly in the first half. The business’ net profit after tax fell 124.7 Group sales for the half were recorded at $379.95 million (NZ$407.3 per cent, a loss of $5.13
Retail TouchPoints
MAY 18, 2023
SHEIN generated $23 billion in revenue and net profits of $800 million in 2022, people close to the company told WSJ. This included discussing the growth of SHEIN’s workforce in Dublin to fill roles in data analytics, security engineering, finance management and legal, as well as expanding SHEIN’s graduate program in Ireland.
Inside Retail
AUGUST 16, 2022
billion although tax-paid net profit fell 20 per cent to $244.1 Key growth was seen in insulation apparel and rainwear categories in Australia as like-for-like sales increased by 12.4 For the year to July 2, the business says sales grew 2.8 per cent to $3.55 June winter sales helped improve Macpac’s revenue by 15.3
Inside Retail
JUNE 19, 2023
Discount apparel retailer Best & Less Group (BLG) says its sales fell 11.7 To “right-size” the business’ cost base, other expense management initiatives have been implemented however the full benefit of these actions and lower product and shipping costs will not be seen until later this calendar year, it said.
Inside Retail
JANUARY 28, 2022
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 By quickly taking decisive action we have succeeded in managing the negative effects of the pandemic,” she said. “We Gross margin rose by 2.8
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