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

Retail TouchPoints

The news comes as fellow Asia-based discount shopping app Temu picks up steam in the U.S., SHEIN generated $23 billion in revenue and net profits of $800 million in 2022, people close to the company told WSJ. where monthly active users of Temu surpassed SHEIN for the first time in April 2023, according to Sensor Tower.

Planning 243
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Coles pockets $1 billion profit as Smarter Selling pays off

Inside Retail

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.

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

Retail TouchPoints

A toy shop that gave the world Barbie, Mr. Potato Head and other wonderful creations. 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 Remember Toys ‘R’ Us? Most retailers in the U.S.

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How Myer plans to reach $1 billion in online sales

Inside Retail

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.

Planning 130
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Woolworths’ ballooning underpayments muddy a strong half

Inside Retail

This is a view shared by Shop, Distributive and Allied Employees’ Association (SDA) national secretary Gerard Dwyer, who said he was dismayed that another underpayment has been found. million, though due to a higher cost of doing business net profit fell 6.5 Group sales rose 8 per cent on last year to $31.8

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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 billion, driven by a strong first half, while sales slowed in H2, as expected, as customers shopped more frequently with smaller basket sizes. Retail expert and QUT professor of marketing Gary Mortimer said Woolworths is ahead of rival Coles on a number of fronts this year.

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The Benefits of Having an Ecommerce Presence

Independent Retailer

The retail industry is redefining the shopping experience as consumer expectations and habits are changing. While all these business investments are important, the main takeaway of the last two years has been the importance of incorporating an ecommerce platform in order to create a more meaningful shopping experience for consumers.