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How Temple & Webster plans to use AI, private labels to reach $1b in sales

Inside Retail

Meanwhile, its net profit fell by over 30 per cent to $8.3 About 70 per cent of what we sell is drop-ship, so there’s no inventory. Coulter added that the potential for AI to transform the shopping experience, and enhance conversion rates, is particularly exciting. million in the year prior.

Planning 246
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Woolworths declares $2bn share buyback as profit hits $2.07bn

Inside Retail

per cent lift in net profit to $2.07 billion, driven by a strong first half, while sales slowed in H2, as expected, as customers shopped more frequently with smaller basket sizes. billion, impacted by low market growth in the first half and the restrictive lockdown in H2, and EBIT dropped 4.6 per cent to $39.2