Remove Fashion Remove Net Profit Remove Wholesale
article thumbnail

Universal Store Holdings names George Do divisional CEO, net profit dips

Inside Retail

Universal Store Holdings has appointed George Do in the newly created role of Universal Store and Perfect Stranger divisional CEO, effective March 1, after suffering a steep net profit decline in the first half. The new appointment comes after the group posted a net profit of $11.3 per cent, which included a $13.6

article thumbnail

Moshi Moshi eyes expansion beyond Thailand, targets 200 stores by 2025

Inside Retail

However, better control of selling and administrative expenses helped deliver an increase in net profit for the quarter of 108.1 Net profit for the first nine months of the year is up 24 per cent. million baht ($3.5 million), up a shade under 30 per cent from the third quarter in 2023.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Accent Group’s sales remain weak in first 19 weeks of FY24

Inside Retail

Accent Group’s sales in the first 19 weeks of FY24 remained flat but the fashion and footwear company is still on track to open 70 new stores in the first half of the fiscal year. Wholesale sales have been more challenging, reflecting softer demand from other retailers,” said Accent Group CEO Daniel Agostinelli.

article thumbnail

Premier Investments’ retail sales rise as brands recover from Covid-19 impact

Inside Retail

Smiggles also signed an agreement with a wholesale partner to open 60 freestanding stores in the UAE, Qatar, Kuwait, Oman, and Bahrain over the next decade. Meanwhile, Premier Investments’ statutory net profit after tax fell 4.9 Gross profit grew 5.4 The brand opened six new stores during the year. per cent to $319.8

article thumbnail

Kathmandu Group rebounds in FY22 despite lockdown, supply chain impacts

Inside Retail

The group ended the year with a underlying net profit of $64 million – more than double what was achieved during FY20. Rip Curl’s wholesale order books are now significantly above pre-Covid levels.”. After a difficult start to the year, outdoor group Kathmandu ended FY21 with relatively strong sales growth of 15.1 per cent. “Rip

article thumbnail

Central Retail: Expansions and omnichannel drive growth

Inside Retail

This year, Central plans to open four new home-improvement stores, 10 supermarkets/food halls and four Go Wholesale warehouses in Thailand, plus two Go! The retail sales mix is nicely balanced, with 30 per cent hardlines, 39 per cent food and 31 per cent fashion. billion baht, and net profit by 1.3 stores in Vietnam.

article thumbnail

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 Same-store sales growth was almost flat-lining at 0.5