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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 Gross profit increased 13 per cent to $599.7

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Kogan returns to profitability in first half

Inside Retail

Kogan returned to profitability in the fiscal first half, despite lower revenue due to reduced inventory and the company’s focus on platform/software-based subscription revenue. The online retailer swung to a net profit of $8.7 Gross margin stood at 36.1 million while revenue slid 9.9 per cent to $248.2

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Myer sees elevated annual sales, but is cautious amid economic headwinds

Inside Retail

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 ” Net profit rose 18.2 ” Net profit rose 18.2

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Mosaic Brands looks at raising capital following return to profitability

Inside Retail

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

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Wimbledon and summer of sport: Net profit

Talking Retail

Wimbledon is one of the stars of the season and will return this year after being cancelled in 2020 because of Covid-19. This story continues at Wimbledon and summer of sport: Net profit. Or just read more coverage at Talking Retail.

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Lew hits back at hints of capital raising at Myer

Inside Retail

“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

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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.