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Woolworths Group booked lower profit in the first half, attributed to the 17-day industrial action impacting its supermarket business last December and a trend of customers seeking more value when shopping. The group’s netprofit fell 20.6 The post Woolworths profit falls 20.6 per cent to $1.45 per cent to $35.93
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
Endeavour Group’s netprofit declined in the first half, impacted by the Victor ian supply chain disruption during the peak end-of-year trading period. The group’s netprofit fell 15.1 per cent to $298 million while sales slid 0.7 per cent to $6.62 Retail sales declined 1.5 per cent to $5.5
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 Both Supercheap Auto and Macpac’s sales rose 1.7
The product offering changes come as the Australian Competition and Consumer Commission is due to hand the final report from its inquiry into the supermarket sector to the Treasury on February 28. However, Australias leading supermarkets are changing tack. In doing so, they are following a model already proved successful by Aldi.
With malls, e-commerce giants, and niche retailers vying for consumer attention, these legacy institutions must reimagine their purpose in an increasingly digital and experience-driven retail environment. Once seen as a staple of urban retail, department stores in China are undergoing a transformative reinvention.
Meanwhile, netprofit soared to RMB3.4 Immersive offline stores will remain essential, offering vibrant designs, themed displays, and social spaces to engage young consumers. Pop Mart sees untapped potential in expanding to new markets and deepening connections with local consumers. This marks an impressive 106.9
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. per cent, and netprofit was 1.3 Big C has delivered netprofit of 4.0
Its luxury rivals have reported mixed fortunes, with LVMH missing third quarter sales forecasts, saying consumer confidence in China had fallen to pandemic-era lows. Richemont’s netprofit for the first half of its financial year fell to $494.64 per cent from 2.9 per cent previously. . million from $1.63
Thailand’s Big C, the retailing arm of Berli Jucker (a vertically integrated company that also has its nose in manufacturing and distribution of consumer products and packaging) talked up its bottom line rather than its top one when it presented its third-quarter results to investors on November 18. Netprofit was 715 million baht (US$21.7
Big C, the retailing arm of vertically-integrated consumer goods company Berli Jucker, is one of the Big 3 of Thai retail, along with Lotus’s and Central Retail. per cent (down slightly on a year ago) and netprofit was down 6.2 Its soft red and green livery is a familiar and reassuring sight everywhere you go in the kingdom.
In the filing, Klarna did reveal some of its financial results for 2024, including its $21 million in netprofit. However, the buy now, pay later (BNPL) company still has not revealed how many shares it plans to sell, their price range or when the IPO will take place. The Sweden-based company, which has operated in the U.S.
billion) and the netprofit of 16.7 Even now, overall foot traffic across the portfolio has not quite returned to pre-Covid levels, but its getting close. Points rewards are key sales driver For the whole year 2024, revenues came in at a record high of 51.8 billion Thai baht ($1.6 billion baht ($506.9 million) was a record as well.
billion, while netprofit plunged 64.8 Despite these challenging conditions, Sa Sa continues to pursue a multi-pronged recovery strategy with a focus on aligning with new consumer preferences through an omnichannel strategy and product curation. Sa Sa International’s share price dropped 1.82 per cent to close at HK$0.54
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 So far, so good. per cent, year on year: Things soured shortly thereafter, with a 1.0
Uniqlo saw profits dip in its latest third quarter results, as the brand’s owner reported a worldwide shift to consumers purchasing lighter layers of clothes to manage longer, hotter summers. The Japanese fashion giant’s profit fell 9.7% to £530m (¥105.5bn) in the three months ended in May, despite sales rising 7.7%
rise in first-quarter sales to €8.27bn (£7.3bn), falling short of analyst expectations of €8.36bn, as the fast-fashion giant faces a more cautious consumer environment. and delivered a netprofit of €1.31bn (£1.16bn), up marginally year-on-year. Zara owner Inditex reported a 1.5%
Second-hand marketplace Vinted has a reported sharp rise in revenue and profits for 2024, fuelled by growing consumer appetite for affordable pre-owned goods and ongoing expansion across Europe. The Lithuanian-based business posted a netprofit of 76.7m, up from 17.8m the previous year, as sales climbed 36% to 813.4m.
to €8.27bn (£7.3bn), falling short of analyst expectations of €8.36bn amid a more cautious consumer environment. and delivered a netprofit of £1.16bn, up marginally year-on-year. It comes after the Spanish fashion giant saw first quarter sales edge up 1.5%
During the fiscal first half, before Trumps inauguration, Breville Group reported that its netprofit soared to 16.1 In the short term, businesses may face delays from production to end consumers, tightening cash flow, concluded Cairns. per cent year over year to $97.5 million as revenue grew 10.1 per cent to $997.5
This exemption has become a cornerstone for companies like Shein, Temu and Amazon Haul, enabling them to ship vast quantities of inexpensive goods directly to American consumers. Under the existing rule, individual shipments valued at less than US$800 are allowed to enter the US duty-free, with minimal inspections. per cent (US$228.3
Nike has reported an 86% drop in quarterly profits as it grapples with a sharp decline in sales, a costly corporate revamp, and a $1bn hit from US tariffs. The sportswear giant posted a netprofit of $211m in its fiscal fourth quarter, down from $1.5bn a year earlier, as revenues fell 12% to $11.1bn — the lowest since Q3 2022.
The nations largest supermarket groups and the Australian Retailers Association leapt the the industrys defence in the wake of the Australian Competition & Consumer Commission (ACCC)s much-anticipated Supermarket Inquiry on Friday. per cent and Woolworths of less than three cents in the dollar have remained stable.
Step One Clothing ‘s netprofit surged in the last fiscal year, thanks to higher revenue across all its geographies and channels. The underwear retailer’s netprofit soared 43.9 The post Step One’s netprofit surges 43.9 per cent to $12.4 million as revenue jumped 29.7 per cent to $84.5
Universal Store Holdings saw its netprofit surge 45.3 per cent, ongoing rollout of the Perfect Stranger’s retail format, completion and contributions of the Cheap Thrills Cycles (CTC), and the net store count increasing to 102. . CTC’s sales in the direct-to-consumer channels jumped 13.3 per cent to $34.3
Endeavour Group’ s netprofit fell 3.2 ” The post Endeavour Group’s netprofit slips despite higher sales appeared first on Inside Retail Australia. per cent to $512 million, while sales increased 3.6 per cent to $12.3 per cent to $685 million as sales climbed 3.4 per cent to $10.25 billion. .
Department store chain Myer expects fiscal first-half sales and netprofit to decline year over year amid a challenging trading environment. “Like many retailers, we have had to contend with inflationary pressures and greater promotional cadence, which has an impact on profits.” Online sales account for 21.3
Retail Food Group swung to a netprofit of $5.8 The brand launched a direct-to-consumer e-commerce site to expand beyond UberEats late in the year. The post Retail Food Group swings to netprofit on store outlets expansion appeared first on Inside Retail Australia. The company’s revenue increased 9.7
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
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. .”
Domino’s Pizza Enterprises said its first-half netprofit 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
The consumer electronics retailer agreed to an initial acquisition of 75 per cent of E&S for cash consideration of $47.8 The acquisition announcement comes as JB Hi-Fi reports a decline in netprofit and sales in the last fiscal year. Its netprofit fell 16.4 million on a cash-free,debt-free basis. million.
Department store chain Myer delivered its highest full-year sales since 2005 this year but remains cautious as consumer spending declines due to unfavourable economic conditions. ” Netprofit rose 18.2 ” Netprofit rose 18.2 Statutory netprofit rose 23.3 Myer’s total sales grew 12.2
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.
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.
The company’s netprofit after tax was $264.3 Further reading: Consumer class action launched against JB Hi-Fi over ‘junk’ warranties The post JB Hi-Fi posts lower sales, citing challenging trading environment appeared first on Inside Retail Australia. Electronics and appliance retailer JB Hi-Fi reported total sales of $5.16
The company’s sales grew 3 per cent from last year to $2 billion while statutory netprofit after tax slightly declined by 1 per cent to $143 million. Meanwhile, Rebel’s sales fell minimally by 1 per cent, reflecting weaker consumer spending.
BLG executive chair Jason Murray said consumer confidence has been at “historic lows” yet the business is “optimistic” for sales growth. “We Sales improved in the lead-up to Mother’s Day and have been consistent since, while BLG’s non-discretionary product lines are continuing to perform well.
“The huge shift to online in recent years also provides an enormous amount of data and information about those consumers’ shifting expectations and choices which will drive our strategy and direction,” said Berchtold. “Low price is also not the antithesis of style. million despite revenue decreasing 12.5 per cent to $234.1
Due to this ongoing positive momentum, Nick Scali is forecasting its full-year EBITDA to hit $120 million and resulting netprofit to fall in the range of $78 to $80 million – a 90 per cent increase on the year prior. The post Nick Scali forecasts bumper year ahead as third quarter delivers appeared first on Inside Retail.
billion – 20 per cent of which were made online – leading to a statutory netprofit 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
The group’s operating profit (EBIT) was $28.9 million, and adjusted netprofit after tax was $18.9 The economic climate in Aotearoa New Zealand has been difficult for most retailers, with inflation, high interest rates, and a weak economy significantly reducing consumer demand. million, compared to $57.4 million in FY23.
The group ended the year with a underlying netprofit of $64 million – more than double what was achieved during FY20. After a difficult start to the year, outdoor group Kathmandu ended FY21 with relatively strong sales growth of 15.1 Once again, however, the Kathmandu brand suffered throughout the year. per cent. “Rip
The business’ netprofit after tax fell 124.7 per cent in the first half while direct-to-consumer (DTC) same-store sales climbed up 2.1 Group sales for the half were recorded at $379.95 million (NZ$407.3 million) while underlying EBITDA was estimated at $9.52 per cent, a loss of $5.13 Rip Curl’s total sales were up 2.7
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