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Kathmandu parent KMD Brands sees sales, net profit increase

Inside Retail

Outdoor apparel retailer KMD Brands has witnessed an increase in sales and net profit in FY23 on the back of improved performance across all its businesses – with the Rip Curl and Oboz brands achieving record sales. million and net profit after tax jumping 8.6 million and net profit after tax jumping 8.6

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Oroton trebles profit after rigorous cost-control measures

Inside Retail

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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Premier Investments’ retail sales rise as brands recover from Covid-19 impact

Inside Retail

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 net profit after tax fell 4.9 Gross profit grew 5.4 million, up 4.6 per cent to $271.1 2 per cent.

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Best & Less reports ‘inconsistent’ trading, revises profit expectations

Inside Retail

Discount apparel retailer Best & Less Group (BLG) says trading conditions were “inconsistent” through the March and April months of the second half year. In a trading update for the 19 weeks to May 14, sales were up 1.8 per cent to $221.9 million when compared to the previous corresponding period. Like-for-like sales were down 1.4

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Kohl’s Highlights Brands that Give Back With Curated Discovery @ Kohl’s Experience

Retail TouchPoints

Kohl’s dedication to supporting brands that “offer a purpose beyond profits” will extend to its overall back-to-school selection, which features brands including: Ivory Ella , which donates 10% of all net profits to organizations like Save the Elephants; Yoobi , a brand that donates a school supply item to a child in need in the U.S.

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Best & Less like-for-like sales slump, profit outlook lowered

Inside Retail

Discount apparel retailer Best & Less Group (BLG) says its sales fell 11.7 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 net profit after tax is expected to be between $3.6 Its greatest hit was online where sales fell 19.6 million and $4.2

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KMD Brands profit dives through first half

Inside Retail

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 million.