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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. Nearshoring is a key component of SHEIN’s business model, allowing the company to maintain the speedy fulfillment times that have helped drive its popularity with consumers.

Planning 243
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Wesfarmers results jump as Bunnings, Kmart and Officeworks boom

Inside Retail

Wesfarmers has joined in the parade of businesses reaping the rewards of a strong year of trade, despite ongoing movement restrictions, signaling a 40 per cent jump in net profit to $2.38 billion (up 10 per cent) over the last 12 months, according to managing director Rob Scott.

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To Thrive in the New Global Ecommerce Marketplace, Toys ‘R’ Us may Need to Think Small

Retail TouchPoints

brand management company WHP Global has bought a controlling interest in Tru Kids, which owns the Toys ‘R’ Us brand. The toy market certainly had a very good pandemic, with families at home and keen to keep themselves and their children busy. Profits at Barbie and Hot Wheels firm Mattel were $126.6 Most retailers in the U.S.

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How customer loyalty helped Myer bounce back

Inside Retail

After a rollercoaster six months of lockdowns, Christmas and Omicron, department store Myer yesterday delivered a strong half year result with net profit up 55 per cent and its first dividend payment since FY17. We know the program is a highly valuable differentiator in the market.”.

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CVS exceeds predictions for quarter

Mass Relators

Management now forecasts adjusted per-share earnings in the range of $8.50 CVS Health reported a net profit of $2.14 CVS Health has realigned the composition of its segments to correspond with changes made to its operating model and to reflect how the business is managed. Adjusted earnings of $2.20 and $8.90. “We

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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 Retail expert and QUT professor of marketing Gary Mortimer said Woolworths is ahead of rival Coles on a number of fronts this year. 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 per cent to $44.4

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Data Capital: The Competitive Weapon Most Retailers Have Yet To Fully Monetize

Retail TouchPoints

Traditional retailers are sitting on a powerful competitive weapon, and they’ll continue to operate less efficiently, lose market share and leave millions in new revenue streams and profits on the table unless they pull the trigger. Take a look at the net profits of most traditional retailers. Think that’s a reach?