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Domino’s Pizza profit slumps as inflation hits consumer spending

Inside Retail

Domino’s Pizza Enterprises said its first-half net profit fell 21.5 per cent, as orders were impacted by the impact of inflation on consumer spending. The Australian franchise of Domino’s says its first-half profit attributable for the period ended Jan 1 was $71.7 million on global sales of $1.97

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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 Trading during the year has been variable and challenging as consumer sentiment deteriorated in line with interest rate increases.”

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SHEIN Opens Dublin HQ, Plans 30 Pop-Up Events Across Increasingly Important EMEA Markets

Retail TouchPoints

SHEIN generated $23 billion in revenue and net profits of $800 million in 2022, people close to the company told WSJ. Nearshoring is a key component of SHEIN’s business model, allowing the company to maintain the speedy fulfillment times that have helped drive its popularity with consumers.

Planning 225
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Health Brand Jocko Fuel’s Amazon Success Formula: ‘Fight AI with AI’

Retail TouchPoints

They’ve given small, startup brands the opportunity to put their product in front of consumers in a really unique way.”. But it all started with Amazon and the brand’s DTC website, as it has for so many of the new brands catering to consumer demand and upending categories. “I You didn’t make any money.

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Solid Christmas trading failed to offset slow summer start for Best & Less

Inside Retail

Poor consumer demand and falling foot traffic dented Best & Less Group’s first-half profits. However, tax-paid profit for the half fell 31.8 ” He said the business will continue to invest in its best-pricing strategy while effectively managing its inventory and cost levels. per cent to $13.7

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KMD Brands profit dives through first half

Inside Retail

The business’ net profit after tax fell 124.7 per cent in the first half while direct-to-consumer (DTC) same-store sales climbed up 2.1 Group CEO and managing director Michael Daly said, the business maintained a strong focus on building its global brands. Group sales for the half were recorded at $379.95 million (NZ$407.3

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Myer bounces back to profitability, names new chair

Inside Retail

billion – 20 per cent of which were made online – leading to a statutory net profit figure of $46.4 Myer’s profit is a strong improvement on the $172.4 Department store Myer has enjoyed the fruits of a rebounding retail environment in FY21, with total sales up 5.5 per cent to $2.65