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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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Moshi Moshi eyes expansion beyond Thailand, targets 200 stores by 2025

Inside Retail

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 net profit for the quarter of 108.1

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Analysis: a perfect retail storm is brewing

Inside Retail

We predict retailers in the fast-fashion apparel and footwear sectors within consumer discretionary goods could face significant headwinds over the next few months. With increased wage costs, lack of manpower, and continued investment in digital platforms and data infrastructure with the growth in online shopping, retailers must act.

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SHEIN Opens Dublin HQ, Plans 30 Pop-Up Events Across Increasingly Important EMEA Markets

Retail TouchPoints

The news comes as fellow Asia-based discount shopping app Temu picks up steam in the U.S., SHEIN generated $23 billion in revenue and net profits of $800 million in 2022, people close to the company told WSJ. where monthly active users of Temu surpassed SHEIN for the first time in April 2023, according to Sensor Tower.

Planning 275
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Why LVMH outperformed H&M amid a cost-of-living crisis

Inside Retail

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 net profit 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

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Eighteen months post-merger, Lotus’s growth is stagnating. Here’s why

Inside Retail

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. Net profit was up by 8.9 Same-store sales growth was almost flat-lining at 0.5

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Premier’s Covid-resistant strategy pays dividends

Inside Retail

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 net profit to $163.6 per cent and online sales up 27.3 per cent increase, to $396.2