Retail TouchPoints
MAY 18, 2023
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.
Inside Retail
AUGUST 26, 2021
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 This was partially offset by higher operational costs associated with online fulfilment and ongoing investment in technology in Kmart.”.
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Inside Retail
AUGUST 17, 2021
At its full year results announcement on Wednesday morning, Coles revealed that net profit broke the one-billion-dollar mark, rising 2.8 Coles overall produced reasonably strong results, attaining just over $1 billion in net profit for the first time,” Mortimer told Inside Retail. “Of per cent to $1.005 billion.
Inside Retail
MARCH 10, 2022
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.”.
Inside Retail
SEPTEMBER 16, 2021
In July, Myer announced it had signed a 10-year lease on a new 40,000-square-metre national distribution centre (NDC) in Victoria that will enable it to get products into stores and fulfil online orders more quickly. QUT professor of marketing and consumer behaviour Gary Mortimer believes this is a sign of years to come.
Retail TouchPoints
JULY 29, 2021
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 LEGO also reported a strong year with net profit up almost 20% to DKK 9.9 Most retailers in the U.S.
Inside Retail
FEBRUARY 23, 2022
million, though due to a higher cost of doing business net profit fell 6.5 Mortimer also noted that facilitating online orders in-store is not necessarily a good use of time for team members, who are often stocking and re-stocking shelves to fulfil online orders. Group sales rose 8 per cent on last year to $31.8
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