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

Retail TouchPoints

SHEIN has officially launched its Europe, Middle East and Africa (EMEA) headquarters in Dublin City Centre, Ireland and is planning to host approximately 30 pop-up store events across the region this year to boost its profile with customers. The news comes as fellow Asia-based discount shopping app Temu picks up steam in the U.S.,

Planning 225
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How Temple & Webster plans to use AI, private labels to reach $1b in sales

Inside Retail

Meanwhile, its net profit fell by over 30 per cent to $8.3 Temple & Webster also has plans to achieve $1 billion in annual sales within the next three to five years. It plans to increase its brand spend in the upcoming financial year. We’re not planning to do any mass cost reduction. million in the year prior.

Planning 246
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How Myer plans to reach $1 billion in online sales

Inside Retail

To reach his $1 billion online sales target, King plans to continue to improve Myer’s website and user experience, expand the range of products it offers online, speed up the delivery of online orders and better leverage the Myer One loyalty program. billion in FY21, its first year-on-year increase since FY16, when sales peaked at $3.3

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Analysis: a perfect retail storm is brewing

Inside Retail

Inflationary pressure on consumer discretionary spending, supply chain disruptions and elevated inventory levels, which tie up a retailers’ net working capital, are set to create the perfect storm for retailers that do not have a strategy in place to ensure they are well positioned for the choppy market conditions ahead.

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KMD Brands profit dives through first half

Inside Retail

Group sales for the half were recorded at $379.95 million) while underlying EBITDA was estimated at $9.52 The business’ net profit after tax fell 124.7 per cent in the first half while direct-to-consumer (DTC) same-store sales climbed up 2.1 million (NZ$407.3 per cent, a loss of $5.13

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Solid Christmas trading failed to offset slow summer start for Best & Less

Inside Retail

Poor consumer demand and falling foot traffic dented Best & Less Group’s first-half profits. However, tax-paid profit for the half fell 31.8 If optimal trading conditions persist, the company expects to deliver a second-half pro forma net profit after tax of between $18 million and $20 million. per cent to $13.7

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Wesfarmers results jump as Bunnings, Kmart and Officeworks boom

Inside Retail

Wesfarmers has joined in the parade of businesses reaping the rewards of a strong year of trade, despite ongoing movement restrictions, signaling a 40 per cent jump in net profit to $2.38 Revenue at Bunnings increased 12.5 billion (up 10 per cent) over the last 12 months, according to managing director Rob Scott.