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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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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.

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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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Coles’ challenges for the year ahead: reining in costs and retail crime

Inside Retail

And while net profit was slightly down from FY22, this still resulted in more than $1 billion being added to the business. The Victorian warehouse isn’t likely to be ready until mid-FY25, and, at this point, Coles doesn’t expect to see the full benefit of these fulfilment centres until FY26.

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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. This will ensure we’re getting products to our customers in the quickest and most effective way,” King said.

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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. Profits at Barbie and Hot Wheels firm Mattel were $126.6 LEGO also reported a strong year with net profit up almost 20% to DKK 9.9 Now the rumors have started up again on the news that in March, U.S.

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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