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Coles pockets $1 billion profit as Smarter Selling pays off

Inside Retail

Coles’ Smarter Selling strategy is paying off for the Australian supermarket giant, with approximately $300 million in extra savings in the bank at the end of FY21. At its full year results announcement on Wednesday morning, Coles revealed that net profit broke the one-billion-dollar mark, rising 2.8 per cent to $1.005 billion.

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Eighteen months post-merger, Lotus’s growth is stagnating. Here’s why

Inside Retail

It operates 163 units with an average size of just over 5,200 square metres, but 80 of them are much bigger than that: cavernous warehouses where retail buyers and end consumers load up oversized shopping carts with bulk items at wholesale prices. Net profit was up by 8.9 per cent year-on-year in the first quarter.

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Woolworths flags concerns across supply chain, customer experience

Inside Retail

Despite group net profit hitting $1.5 According to Woolworths Group chief executive Brad Banducci, the business was hit on all sides by supply chain disruptions, product shortages, team absenteeism, and flood damages, while also witnessing a shift in consumer behaviour driven by rising prices. per cent, New Zealand food up 6.6

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To Thrive in the New Global Ecommerce Marketplace, Toys ‘R’ Us may Need to Think Small

Retail TouchPoints

A toy shop that gave the world Barbie, Mr. Potato Head and other wonderful creations. But it turned out that the emporium of toys, games and fun could not in the end withstand the relentless competition and margin hits from the internet and supermarket retailers. Profits at Barbie and Hot Wheels firm Mattel were $126.6

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Analysis: Why Premier Investments is bullish about the future

Inside Retail

With overseas travel unlikely to regain momentum before 2022, retail would be expected to continue to benefit from consumer spending, but most major retailers are cautious in their forecasts of what lies ahead. per cent boost to net earnings for the six months to December 2020, amid praise and scorn. million net profit from $784.6

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Ahold Delhaize sees continued growth in Q1

Mass Relators

and Europe, as we’ve been able to retain a strong level of underlying consumer demand by continuing to adapt to the enduring consumer behavior changes, including increased working from home, preference for healthy and fresh products, and higher online demand. This includes the raised expectations for over 70% growth in U.S.