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Nick Scali logs full year double-digit growth in revenue, profit

Inside Retail

per cent growth in net profit after tax for the year ended June 30 – a success it attributes to smart logistics management. million, while net profit after tax reached $101.1 It plans to open three new Plush locations and one Nick Scali venue in the first half of FY24. Furniture retailer Nick Scali posted a 15.1

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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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Why Thailand’s HomePro is growing despite the stumbling economy

Inside Retail

Net profit increased by 6.3 Despite owning a couple of premier shopping malls in tourist locations, HomePro’s rental income actually fell in the first quarter, by 5.5 The government data says they aren’t and consumers say they are. per cent in the first quarter, bringing in 18.8 billion baht ($530 million). per cent to 1.7

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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 Despite continued lockdowns across Australia, Super Retail saw total group sales jump 22 per cent to $3.45

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Recovery mode: What QSR chains can learn from Domino’s FY23 performance

Inside Retail

It stands to reason that quick-service restaurants like Domino’s would be well positioned in a challenging economic environment, with consumers seeking affordable luxuries. But with consumer behaviour still in flux post-Covid, the future of QSR is anything but certain. While total food sales grew by 2.2 per cent, to $201.7

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Why Thailand’s rainy season is a double-edged sword for its DIY chains

Inside Retail

The growth was partly assisted by the opening of eight net new stores since mid-2022, and five more are planned for the second half of this year. Net profit for the first half was up 6.6 Net profit was 1.6 billion baht (US$1.1 billion), an increase of 9.3 per cent over the first six months of 2022. billion baht.

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How Myer plans to reach $1 billion in online sales

Inside Retail

CBD locations were particularly hard hit, with comparable store sales down 22.3 QUT professor of marketing and consumer behaviour Gary Mortimer believes this is a sign of years to come. Statutory net profit after tax rose to $46.4 per cent year on year. Myer lifted total sales 5.5 per cent to $2.7 million loss in FY20.

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