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Lovisa’s 43 net new store openings pull net profit up

Inside Retail

Lovisa’s net profit increased in the first half after the opening of 43 new stores worldwide. The jewellery and accessories retailer’s profit grew 6.5 The company said its continued focus on pricing and promotion management helped expand gross margin to 82.4 Last fiscal year, Lovisa’s net profit grew 20.9

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Universal Store’s net profit surges 45.3 per cent

Inside Retail

Universal Store Holdings saw its net profit 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. The post Universal Store’s net profit surges 45.3 per cent to $34.3

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How Mosaic Brands’ rapid expansion led to its devastating collapse

Inside Retail

For an all too brief period, the Alceon investment house achieved its ambition to be the largest womens fashion specialty retailer in Australia. million profit on sales of almost $111 million, with the profit certainly an improvement on the previous year. million and net profits to $17.3 W Lane and BeMe brands.

Fashion 147
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Hermes achieves double-digit sales growth in fourth quarter

Inside Retail

Hermes has posted double-digit sales growth for the fourth quarter and the full fiscal year, which management described as a solid performance in an uncertain environment. For the full year, revenue rose 13 per cent (15 per cent in constant currency) to 15 billion, and consolidated net profit increased 7 per cent to 4.6

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Oroton trebles profit after rigorous cost-control measures

Inside Retail

Luxury fashion retailer Oroton Group says its profit more than tripled on the back of higher sales and stricter cost and inventory management in FY23. The company booked a net profit of $8.2 million in the 12 months ended July 30, up 3.5 times from last year.

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How Golden ABC is building a modern retail empire from the Philippines

Inside Retail

We wanted to create brands that serve the diverse Philippine market and democratise fashion,” she said. “We Like most private companies at the time, only the top executives saw net profits. They had thought the company was much more profitable all those years, and they were embarrassed to discover the reality,” she recalled.

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Three brands blamed for Myer’s projected profit decline

Inside Retail

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 net profit after tax of between $50 million and $54 million for FY24, compared to $71.1 million in the prior year.