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Myer’s netprofit declined 18 per cent to $42 million in the first half, reflecting what the company described as an increase in the cost of doing business. Sales remained flat at $1.83 Sales remained flat at $1.83 Comparable sales climbed 0.8 Meanwhile, online sales rose 4.8 per cent of total sales.
Nick Scali is at risk of not meeting its first-half netprofit guidance for Australia and New Zealand due to delays in the delivery of its products. However, the company expects to incur additional storage and detention costs for the containers which cannot be quantified yet at this time.
Retail Food Group’s netprofit surged in the fiscal first half on the back of positive sales momentum in the cafe, coffee, bakery segment. The group’s net income surged 73.8 Today it announced it would launch US sandwich brand Firehouse Subs in Australia, aiming at 165 stores long term. per cent to $73.7
Premier Investments has posted a decline in sales for the fiscal first half, with the results dragged down by a double-digit drop at Smiggle. At Peter Alexander, sales rose 6.6 At Peter Alexander, sales rose 6.6 Meanwhile, sales at the stationery and gift chain Smiggle dived 14.5 per cent decrease. per cent to $157.3
Super Retail Group’s netprofit fell in the fiscal first half amid inflationary pressures affecting the cost of doing business. The group’s statutory netprofit declined 9 per cent to $130 million despite sales increasing 4 per cent to $2.11
Bapcor has warned of weak profit and balance sheet for the fiscal year, along with some changes to its board of directors, in its latest trading update. The automotive parts group expects an unaudited pro-forma netprofit after tax of $81-82 million for the 12 months to June 30. Total revenue was down 1.4 per cent to $1.97
At opposite ends of the political spectrum, the National Party and the Greens both argued that divestment provisions should be incorporated into federal competition laws to ensure fair trading with suppliers and consumers. billion netprofit for the last financial year, with a year-high share price of $19.40 to as low as $29.19
Coles and Woolworths appear to be trading consumer choice for consumer savings at a time when families are continuing to struggle under inflationary pressures. But at the same time making sure that weve got a real laser focus on execution and cost control in our business. To be clear, there is no set target on this at all.
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 netprofit for the quarter of 108.1
Gross profit grew 18.3 Attributable netprofit grew 19 per cent to $10.3 “Having returned the company to profitability in FY24, I’m pleased to report today that we have built on that momentum and returned the business to strong sales growth in 1HFY25,” said Kogan. First-half gross sales rose 10.3
This has largely shaped who we are as a business today,” Liu, president and CEO of Golden ABC, said at the National Retail Federation’s (NRF) Big Show Asia Pacific in Singapore. Like most private companies at the time, only the top executives saw netprofits. They didn’t. That changed almost overnight. “We The purpose is.
Note that although Makro is billed as a wholesaler, its customer base includes an enthusiastic consumer segment that prefers the Makro bulk-buy experience and uses it as an alternative go-to for products it cannot get at a regular supermarket. The gross profit margin on sales for the three company segments improved to 14.9 per cent.
From late November, the company took advantage of its chief rival Woolworths’ industrial problems , working with suppliers to increase stocks in its Victoria and NSW stores to satisfy customers unable to source goods at Woolworths outlets. billion with netprofit down 2.2 per cent to $2.05 per cent to $576 million.
Meanwhile, netprofit soared to RMB3.4 The Apac region is showing particularly strong momentum; while it currently represents 23 per cent of global revenue at $3.2 As the sector continues to expand at breakneck speed, questions arise about its longevity. This marks an impressive 106.9 per cent year-on-year increase.
The owner of Swiss watchmakers including IWC, Jaeger-LeCoultre and Piaget said sales fell by 1 per cent at constant exchange rates to 4.81 “Jewellery maisons, responsible for the bulk of group profits – produced a resilient performance,” said Bernstein analyst Luca Solca, although watches performed much worse than expected.
Alceon acquired Noni B in 2014 at what it no doubt thought was a bargain price of 51 cents a share, valuing the retailer at $16.4 million and net earnings to a modest $3.3 million and netprofits to $17.3 million, but Noni B’s best days were behind it. million in 2006 to a $7.8 million loss in 2014.
Points rewards are key sales driver For the whole year 2024, revenues came in at a record high of 51.8 billion) and the netprofit of 16.7 Centrals malls all have a rewards program whereby shoppers get redeemable points rewards for purchases at some, but not all, of the stores. (It billion Thai baht ($1.6
Still, it’s understandable given that Thai consumers continue to balk at spending while many of them are still heavily in debt. Sales growth is coming mostly now from store expansion rather than productivity improvement, and profit growth from cost control and efficiency improvements. Gross margin held steady at 17.5
A new location at Gatwick Airport was also recently added to its expanding retail network. Alongside its retail expansion, the retailer has launched a “profit pledge,” committing 10% of its netprofits to charitable causes.
People on a budget, as many of Big C’s customers are, know they can get just about anything in one its massive hypermarkets at a value-oriented price. Meanwhile, Lotus’s has a clear competitive advantage in fresh food at its small formats with their strong assortment of fresh meat, fruit and vegetables. Gross margin was 18.1
In the filing, Klarna did reveal some of its financial results for 2024, including its $21 million in netprofit. Walmart Makes Klarna Exclusive BNPL Provider Additionally, Klarna will partner with OnePay to exclusively offer installment loans at U.S. The Sweden-based company, which has operated in the U.S. Walmart stores.
per cent to close at HK$0.54 billion, while netprofit plunged 64.8 Meanwhile, more than 90 per cent of sales at Chicmax – the company behind Kans, One Leaf and Baby Elephant – now come from digital channels. Online sales in Hong Kong and Macau were flat at HK$199.6 per cent decline in turnover to HK$3.94
LVMH Moet Hennessy Louis Vuitton has reported a decline in sales for the first half, driven by weaker numbers at its fashion and wine segments. On the bottom line, profit from recurring operations slid 15 per cent to EUR9 billion, and netprofit was down 22 per cent to EUR5.6 billion (US$46.7
The lions share of operating revenue (83 per cent) and exactly half of the operating profit emanated from domestic stores. Operating profit as a whole rose by 11.2 per cent and netprofit to the owners by 7.9 per cent) and slightly down at the IconSiam store in Bangkok (-1.2 So far, so good. per cent and 21.2
The Lithuanian-based business posted a netprofit 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.
During the fiscal first half, before Trumps inauguration, Breville Group reported that its netprofit soared to 16.1 Tariffs are top of mind for retailers globally but one Australian kitchen appliance maker, Breville, is simultaneously planning its expansion into China while preparing for looming US tariffs under a new administration.
US President Donald Trump, at the beginning of this month, issued an executive order imposing a 10 per cent tariff on Chinese imports and the de minimis rule that allowed duty-free entry of low-value Chinese packages. Understanding de minimis The de minimis rule is at the centre of the turmoil. per cent (US$228.3
New entrants are gaining market share, and cross-shopping behaviour among consumers is at an all-time high, ensuring strong competition within the industry. The pan-retail body defended Coles and Woolworths profit levels, declaring that over the past five years, Coles netprofit margin of 2.6
Footwear retailer Accent Group ‘s netprofit plunged amid higher sales in the last fiscal year. The company saw netprofit dip 32.9 “We advise today that The Trybe business has been sold and that the company will not continue with the Cat distribution agreement beyond its expiry at the end of December 2024.”
Domino’s Pizza Enterprises saw netprofit decline despite higher sales during the past fiscal year. The company’s netprofit fell 1.9 Same-store sales growth stood at 1.5 This will be offset by planned store closures to improve profitability in France and Japan. per cent to $120.4 per cent to $4.19
Coles saw its profit slightly grow on the back of higher revenue in the last fiscal year, amid the renewal and opening of new stores. The supermarket chain’s netprofit grew 1.8 Other segments’ revenue stood at $837 million. per cent to $1.12 billion as group sales rose 5.1 per cent to $43.57 per cent to $39.04
Outdoor apparel retailer KMD Brands has witnessed an increase in sales and netprofit in FY23 on the back of improved performance across all its businesses – with the Rip Curl and Oboz brands achieving record sales. million and netprofit after tax jumping 8.6 Sales grew 12.6 per cent to $1.01 per cent to $97.4
Retail drinks and hospitality business Endeavour Group has posted a slight increase in sales for the fiscal first half, but netprofit was down as the group previously expected. However, netprofit after tax slid 3.6 Group sales for the 27 weeks ended rose 2.5 per cent year on year to $6.7
Lovisa Holdings booked higher netprofit amid a strong trading performance and global expansion in the last fiscal year. The company’s netprofit grew 20.9 The jewellery and accessories retailer ended the fiscal year with 900 stores globally after opening a net 128 new stores., per cent to $82.4
Australian-listed appliance maker Breville Group’s netprofit rose 7.5 “We will continue to plan inventory for accelerated growth while at the same time managing costs to protect against downside risks.” per cent to $118.5 million in the last fiscal year. The company booked record revenue of $1.53 million. .
Nick Scali’s netprofit dipped in the fiscal first half ended December 31 amid a sharp decline in Australia and New Zealand performance and softer-than-expected loss in the UK. The furniture retailer’s netprofit plunged 30.2 per cent to $30 million, with ANZ netprofit tumbling 20.7 million. .”
Furniture retailer Adairs says its first-half netprofit and revenue have fallen, reflecting challenging macroeconomic conditions and lower customer counts in stores. The company’s netprofit declined 18.9 Mocka’s sales stood at $25.3 per cent to $17.7 million as revenue slid 6.7 per cent to $302.4
Vicinity Centres has posted a lower statutory netprofit after tax of $271.5 Netprofit after tax fell from last year’s $1.2152 billion, largely driven by a non-cash reduction in asset valuations. Net property income increased 12.1 per cent to pre-Covid levels at $900.2 Net property income increased 12.1
“Premier is astounded that Myer and its board are wasting corporate resources exploring ways to dilute Premier instead of fixing Myer’s chronic and prolonged underperformance,” Leibler wrote in a letter to Myer’s legal representative Rory Moriarty at Clayton Ulz. “[And] Total sales for the FY21 year are expected to land at $2.6
The supermarket chain’s netprofit before significant items slid 0.6 billion while netprofit after significant items plummeted 93.3 billion while other segment’s sales stood at $356 million. Woolworths Group booked lower earnings despite higher sales in the last fiscal year. per cent to $1.71 per cent to $4.59
per cent of total sales – and a 10 per cent increase in productivity gains at physical stores. Sales at CBD stores, its strongest-performing, grew 30 per cent. After excluding lockdown periods in the previous year, sales at CBD stores rose 14.4 ” Netprofit rose 18.2 ” Netprofit rose 18.2
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 netprofit after tax of between $50 million and $54 million for FY24, compared to $71.1 million in the prior year.
per cent stake in the company, which was valued at about $160 million. However, netprofit 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
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