Inside Retail

SEPTEMBER 1, 2022

Shinsegae — one of the Big 3 of Korean department store retailing along with Lotte and Hyundai — has continued its great form right through into the second half of the year, helped by the removal of the country’s remaining pandemic restrictions and an increasingly buoyant mood among the country’s more affluent consumers.

Department Stores 130

Department Stores Net Profit Fashion Boutique 130

Inside Retail

JANUARY 23, 2023

“As with most retailers, we remain cautious on the macroeconomic environment for the remainder of the calendar year but are equally confident in the continuing momentum we have within the Customer First Plan and a range of initiatives we are executing.”

Net Profit 246

Net Profit Department Stores Store Operations Planning 246

Inside Retail

SEPTEMBER 16, 2021

Myer’s online sales have more than doubled since John King took over running the department store in 2018, and the CEO believes they can double again to reach $1 billion in the not-too-distant future. Statutory net profit after tax rose to $46.4 Online is now a $500-million-plus business. Myer reported $539.5

Planning 130

Planning Net Profit Department Stores Fulfillment 130

Inside Retail

MARCH 9, 2022

Department store Myer has recorded a strong performance in its half-year results, with net profit after tax hitting $32.3 The group has reported that the first five weeks of the second half has recorded a strong sales momentum both in-store and online delivering 15.2 million – an increase of 55 per cent. .

Net Profit 244

Net Profit Department Stores Planning ATS 244

Inside Retail

AUGUST 11, 2021

The fight for board control of department store Myer will be decided in the next few months, with the firm’s AGM likely to run in late October, but Solomon Lew’s major stake in the business could well be diluted by the time to vote. Department store sales up this year. million, up 5.5 per cent to $539 million.

Department Stores 246

Department Stores ATS Net Profit Returns 246

Inside Retail

MARCH 10, 2022

After a rollercoaster six months of lockdowns, Christmas and Omicron, department store Myer yesterday delivered a strong half year result with net profit up 55 per cent and its first dividend payment since FY17.

Payment Services 246

Payment Services Net Profit Department Stores Planning 246

Inside Retail

SEPTEMBER 13, 2022

per cent increase in department stores and a 3.3 Despite some retailers reporting strong sales because of the growth in online sales, net profits declined. per cent in the 2022 fiscal year supported by record online sales, which increased by 44 per cent while net profit fell by 20 per cent.

Net Profit 278

Net Profit Payment Services Specialty Store Fast Fashion 278