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Myer bounces back to profitability, names new chair

Inside Retail

Department store Myer has enjoyed the fruits of a rebounding retail environment in FY21, with total sales up 5.5 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 per cent to $2.65

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Newly-listed Best & Less delivers record profit

Inside Retail

Best & Less’ first financial year as a public company exceeded its own expectations, with strong earnings and like-for-like sales growth driving a net profit result 191 per cent up on the prior year. The department store business saw total sales hit $663.2 The department store business saw total sales hit $663.2

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Woolworths flags concerns across supply chain, customer experience

Inside Retail

Despite group net profit hitting $1.5 As you get into a smaller environment…We have much more import-driven categories, so when shipping containers can’t go there, they divert [the goods] and you just end up with huge exposures.”. All of Woolworths’ brands stayed relatively flat, with Australian food sales up 4.5