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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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Lifestyle, leisure drive record year for Super Retail

Inside Retail

Unprecedented demand in lifestyle and leisure gifted Super Retail Group record sales and earnings in FY21, with net profit doubling during the year to $306.8 At Supercheap Auto sales increased to $1.31 Despite continued lockdowns across Australia, Super Retail saw total group sales jump 22 per cent to $3.45

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Hallenstein Glassons grows through FY21, but limps into FY22

Inside Retail

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

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Myer CEO John King reveals the reasons behind its record first half

Inside Retail

billion, while net profit after tax grew by 101.4 The strength of Myer’s loyalty program was reflected in the brand winning Loyalty Program or Campaign of the Year at Inside Retail’ s Retailer Awards. For the 26 weeks to 28 January 2023, Myer saw total sales growth of 24.2 per cent to almost $1.85 per cent, to $65 million.

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8 Effective Ways to Increase Profit Margins in Retail

V Count

Previously, customers used to shop for particular products at a variety of specialized stores. Being competitive to draw clients while making sure the retail store makes enough money from each sale is how profit margins are managed. Profit is a necessity for all retailers. Increase Retail Profit Margin With These 8 Ways.

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10 Most Important Ecommerce KPIs to Measure in 2023

Retalon

GMROI – Gross Margin Return on Inventory Investment Definition GMROI measures how efficient and profitable you are at turning your inventory into gross profit. It indicates how many dollars of gross margin you generate for every dollar invested in inventory. Anything under 1.0