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.

Net Profit 264

Net Profit Inventory Management Accessories Apparel 264

Inside Retail

AUGUST 7, 2024

Myer has flagged a drop in profit for this fiscal year, largely due to underperformance at its three specialty brands amid macroeconomic challenges. The department store chain expects net profit after tax of between $50 million and $54 million for FY24, compared to $71.1 million in the prior year.

Net Profit 286

Net Profit Department Stores Management Consumer 286

Inside Retail

SEPTEMBER 13, 2022

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.

Net Profit 278

Net Profit Payment Services Specialty Store Fast Fashion 278

Inside Retail

AUGUST 27, 2024

per cent stake in the company, which was valued at about $160 million. However, net profit fell from $88.7 Billionaire businessman Brett Blundy has agreed to sell his stake in Accent Group to UK-based Frasers Group, the Australian Financial Review has reported. Blundy, a director of Accent, has sold all of his 14.7 billion ($7.6

Net Profit 262

Net Profit Marketing ATS Accessories 262

Inside Retail

JULY 28, 2024

Moves by authorities in the European Union and elsewhere to end tax breaks for low-value parcels threaten Shein’s profitability and risk denting the fast fashion retailer’s long-term attractiveness ahead of its planned stock market debut, investors who focus on the sector said. per cent of sales.

Fast Fashion 246

Fast Fashion Net Profit Fashion Planning 246

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. 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.

Planning 275

Planning Marketing Net Profit Finance 275

Inside Retail

MARCH 9, 2022

Department store Myer has recorded a strong performance in its half-year results, with net profit after tax hitting $32.3 Myer’s total group sales were up at 8.5 million – an increase of 55 per cent. . per cent to $1.51 billion, with comparable sales growth of 17.8 Group online sales grew 47.5 per cent to $424.1

Net Profit 244

Net Profit Department Stores Planning ATS 244

Inside Retail

MAY 16, 2023

BLG executive chair Jason Murray said consumer confidence has been at “historic lows” yet the business is “optimistic” for sales growth. “We Sales improved in the lead-up to Mother’s Day and have been consistent since, while BLG’s non-discretionary product lines are continuing to perform well.

Net Profit 242

Net Profit Apparel Shipping Consumer 242

Inside Retail

SEPTEMBER 27, 2023

. “Peter Alexander, Smiggle and our apparel brands have all delivered record sales, through the commitment of our global teams and culture of excellence,” said John Bryce, interim CEO at Premier Retail. Meanwhile, Premier Investments’ statutory net profit after tax fell 4.9 Gross profit grew 5.4

Net Profit 262

Net Profit Apparel Wholesale Returns 262

Inside Retail

SEPTEMBER 20, 2021

The group ended the year with a underlying net profit of $64 million – more than double what was achieved during FY20. Shoe-brand Oboz also saw sales and earnings growth, with its forward order book at its “highest level ever”, giving the group the green light to further invest in its growth. per cent. “Rip

Net Profit 237

Net Profit Outdoor Wholesale Returns 237

Inside Retail

AUGUST 31, 2021

Mosaic Brands has returned to earnings growth despite faltering sales, clocking in a net profit figure of $2.7 The post Mosaic Brands looks at raising capital following return to profitability appeared first on Inside Retail. million – 101 per cent up on last year – despite revenue falling 3.8

Returns 130

Returns Net Profit ATS Consumer 130

Inside Retail

MARCH 28, 2022

Trans-Tasman fashion retailer Hallenstein Glasson has reported a 40-per-cent reduction in half-year profit, citing Covid disruptions. million, with net profit at $11.91 Group sales fell 6.5 per cent to $170.63 million compared with the previous corresponding period. per cent of total group sales.

Net Profit 130

Net Profit Fashion Management ATS 130

Inside Retail

SEPTEMBER 30, 2021

Fashion house Hallenstein Glassons has delivered a year of growth in a difficult market, with group sales almost 22 per cent up to $333 million and net profit hitting $31.7 million at the latter. Overall, however, sales at the group have fallen 18.9 million – 20 per cent higher than FY20. per cent to $92.7

Net Profit 130

Net Profit Inventory Management Fashion Management 130

Retail Gazette

DECEMBER 10, 2024

The Spanish fashion giant’ s gross profit increased to 7.2%, reaching 16.3bn (14.0bn), and its gross margin remained stable at 59.4%. The group’s operating expenses rose by 7%, below the rate of sales growth, which helped maintain its healthy profit margins. Zara owner Inditex saw sales rise 7.1%

Net Profit 104

Net Profit Operating Expenses Fashion Customer Experience 104

Inside Retail

MARCH 27, 2023

The group – which owns and operates brands including Dotti, Peter Alexander, Just Jeans, Smiggle, Portmans and Jacqui E, and features over 1,100 stores across six countries – saw net profit after tax rise by 6.5 I think it’s one of the reasons they’re going global at such a [rapid] rate.” Group sales were also up by 17.6

Department Stores 246

Department Stores Net Profit Returns Accessories 246

Inside Retail

JUNE 21, 2021

billion but is currently valued at just $250.4 Myer’s net profit of $42.9 A merger or new owners would undoubtedly entail additional store network consolidation and would have significant implications for staff, landlords and suppliers, especially Australian fashion designers.

Department Stores 113

Department Stores ATS Net Profit Planning 113

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 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.”.

Net Profit 130

Net Profit Fast Fashion Fashion Apparel 130

Inside Retail

JANUARY 31, 2023

H&M and LVMH target very different sectors of the fashion industry. 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.

Fast Fashion 147

Fast Fashion Fashion Apparel Net Profit 147

Inside Retail

NOVEMBER 16, 2023

Pustina will succeed Daniel Gutstein, who is stepping down from his position at the end of December. Pustina is currently Puma’s head of sales for Central Europe and has extensive experience in sports retail after holding significant roles at Hype Sports Innovation, Under Armour, and Adidas Group. “In

Department Stores 130

Department Stores Net Profit Wholesale Fashion 130

Inside Retail

MARCH 24, 2022

Premier investments’ online channels have contributed significantly to group’s half-year profit despite volatile trading conditions in its first-half results. million in the half, while online sales were recorded at $195.4 Net profit after tax was registered at $163.6 Group sales increased 0.6

Net Profit 130

Net Profit Marketing ATS Accessories 130

Retail Gazette

APRIL 29, 2025

The Lithuanian-based business posted a net profit of 76.7m, up from 17.8m Chief executive Thomas Plantenga said: This performance is the result of our hard work to deliver products that bring high value for members at the lowest possible cost. We are at the start of the journey and aiming high.

Drop-Shipping 52

Drop-Shipping Net Profit Payment Services Shipping 52

Inside Retail

JUNE 7, 2023

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

Net Profit 130

Net Profit Finance Supermarket Wholesale 130

Inside Retail

JANUARY 24, 2023

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. It plans to open six new stores, including one at Macquarie Centre in Sydney. Audited results will be announced on February 21.

Net Profit 130

Net Profit Planning Management Consumer 130

Inside Retail

FEBRUARY 22, 2022

million and net profit after tax of $16.9 Gross margin percentage improved as the average selling price increased at the same time as the cost of goods sold reduced. . Best & Less Group has reported ‘robust’ trading performance during the past half-year despite losing 21.3

Net Profit 130

Net Profit Management ATS Accessories 130

Retail Gazette

FEBRUARY 18, 2025

Vinted has launched its first-ever brand platform, New Again, aimed at strengthening its presence in the growing second-hand market. This announcement follows Vinted’s latest Impact Report, revealing that 65% of its members have wardrobes made up of 25% or more pre-owned items, underscoring the growing shift toward sustainable fashion.

Fashion 52

Fashion Net Profit Marketing Shopping 52

Inside Retail

JUNE 19, 2023

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 net profit after tax is expected to be between $3.6 Discount apparel retailer Best & Less Group (BLG) says its sales fell 11.7

Net Profit 130

Net Profit Apparel Shipping Management 130

Inside Retail

JUNE 10, 2024

The new three-level, 8000sqm Luxe Galerie at Central Chidlom in downtown Bangkok is a nice job and does a lot to modernise a store that was beginning to flirt with obsolescence. On the second floor is Sneakers Boulevard & Streetwear Studio, oriented toward fashion for younger customers. Both companies sit within the Central Group.

Department Stores 130

Department Stores Fashion Net Profit Boutique 130

Inside Retail

SEPTEMBER 1, 2022

In the back of the net. Within the luxury segment, the fashion category is particularly strong. 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.

Department Stores 130

Department Stores Net Profit Fashion Boutique 130

Inside Retail

MARCH 27, 2022

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 We’re not looking at motorcar accessories, for example.

Net Profit 130

Net Profit Accessories Apparel Fashion 130

Inside Retail

MARCH 25, 2025

The retail sales mix is nicely balanced, with 30 per cent hardlines, 39 per cent food and 31 per cent fashion. However, fashion is the high-margin business, contributing 51 per cent of earnings. billion baht, and net profit by 1.3 per cent and Italys is just crawling along at +0.7 billion Thai baht. per cent to 8.6

Department Stores 130

Department Stores Wholesale Supermarket Net Profit 130

Inside Retail

FEBRUARY 14, 2024

Williams’ global flagship store on Sydney’s George Street, which opened at the end of last year, revealing an industry-leading virtual showroom and customer service hub that is redefining the customer journey. At the heart of it all are the R.M. This focus can be seen in R.M. In 2023 alone, R.M. Power to its people R.M.

Net Profit 262

Net Profit Customer Experience Accessories Location 262

Inside Retail

AUGUST 18, 2021

per cent to $242 million, leading net profit to hit $76.9 Chief executive Daniel Agostinelli said, given the fact the industry has been hit by 14 separate lockdowns throughout the year, it was a result the team at Accent should be proud of. Earnings before interest, taxes, depreciation and amortisation jumped 19.3

Net Profit 130

Net Profit Store Operations Marketing Planning 130

Retail Gazette

APRIL 29, 2024

Vinted, the online marketplace for secondhand fashion, has made a profit for the first time following a “strong” year of growth. The Lithuanian business made a net profit of €18m last year versus a loss of €20m in 2022. Founded in 2008, Vinted was last valued at €3.5bn in May 2021.

Net Profit 62

Net Profit Fashion Shipping Planning 62

Inside Retail

NOVEMBER 8, 2023

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 net profit margin of 14.5 What makes Moshi Moshi special?

Home Furnishings 130

Home Furnishings Visual Merchandising Net Profit Target Market 130

365 Retail

JUNE 9, 2021

The owner of fashion brand Zara has said its latest sales are ahead of pre-pandemic levels after benefiting from a surge in online shopping. It came as the company said it posted a net profit of 421 million euros (£361.9 However, the profit was still around a third below the levels it saw a year ago. billion euros (£4.2

Net Profit 52

Net Profit Shopping ATS Fashion 52

Retail Gazette

SEPTEMBER 13, 2023

Zara owner Inditex beat expectations as its half-year profits surged 40% in what the world’s biggest fashion company called a “very robust operating performance”, despite slowing the pace of its price increases. Click here to sign up to Retail Gazette‘s free daily email newsletter

Net Profit 57

Net Profit Fast Fashion Fashion ATS 57

Retail Gazette

APRIL 22, 2025

Fashion icon Alexa Chung has teamed up with second-hand fashion platform Vinted to sell a curated selection of luxury items from her personal wardrobe. The Lithuanian marketplace said notable items include a Miu Miu embroidered bralette and a vintage 1930s coral silk dress that Chung wore at Paris Fashion Week.

Net Profit 57

Net Profit Fashion Planning Shopping 57