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Endeavour Group’s net profit drops despite top-line growth

Inside Retail

Retail drinks and hospitality business Endeavour Group has posted a slight increase in sales for the fiscal first half, but net profit was down as the group previously expected. However, net profit after tax slid 3.6 per cent to $351 million, impacted by higher finance costs and in line with previous guidance.

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Latitude Group rescinds buyout offer for Humm’s BNPL business

Inside Retail

BNPL firms have seen their market value shrink rapidly as interest rate hikes to tame rising inflation fuelled concerns about a slowdown in consumer finance. Shares of Block Inc, previously known as Square, have lost over half of their value after the company closed the acquisition of Afterpay for $29 billion earlier this year.

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Eighteen months post-merger, Lotus’s growth is stagnating. Here’s why

Inside Retail

Net profit was up by 8.9 Retail’s weak revenue growth showed up on the bottom line, with net profit from retail stores falling 12.8 The second piece of bad news is that most retailers are being hit hard by higher financing costs because of rising interest rates. For Big C, finance costs grew by 3.7

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SHEIN Opens Dublin HQ, Plans 30 Pop-Up Events Across Increasingly Important EMEA Markets

Retail TouchPoints

SHEIN generated $23 billion in revenue and net profits of $800 million in 2022, people close to the company told WSJ. This included discussing the growth of SHEIN’s workforce in Dublin to fill roles in data analytics, security engineering, finance management and legal, as well as expanding SHEIN’s graduate program in Ireland.

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Why Thailand’s rainy season is a double-edged sword for its DIY chains

Inside Retail

The growth was partly assisted by the opening of eight net new stores since mid-2022, and five more are planned for the second half of this year. Net profit for the first half was up 6.6 Net profit was 1.6 billion baht (US$1.1 billion), an increase of 9.3 per cent over the first six months of 2022. billion baht.

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12 Accounting Mistakes New Business Owners Often Make

Small Biz Trends

. “Pay attention to actual profit and cash flow. net profit to the company can be very different from revenue coming in the door.” If you’re unsure how something should be classified, it may be time to call a professional accountant to help keep your finances on track.”

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Margin vs Markup. What is the Difference?

Retail Bound

Gross profit = (Total Sales – Cost of Goods Sold) Net profit – Measures the profitability after accounting for all business operational expenses. If the business makes more than it spends, it is a net profit. If it makes less, that is a net loss. The post Margin vs Markup. What is the Difference?