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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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Myer CEO John King reveals the reasons behind its record first half

Inside Retail

billion, while net profit after tax grew by 101.4 King said that Myer’s strong value proposition, and disciplined approach to cost and inventory management would enable it to withstand these pressures. “We For the 26 weeks to 28 January 2023, Myer saw total sales growth of 24.2 per cent to almost $1.85

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8 Effective Ways to Increase Profit Margins in Retail

V Count

Being competitive to draw clients while making sure the retail store makes enough money from each sale is how profit margins are managed. Profit is a necessity for all retailers. The ratio between a product’s cost base and its selling price is known as the profit margin. Improve your inventory visibility.

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10 Most Important Ecommerce KPIs to Measure in 2023

Retalon

GMROI – Gross Margin Return on Inventory Investment Definition GMROI measures how efficient and profitable you are at turning your inventory into gross profit. It indicates how many dollars of gross margin you generate for every dollar invested in inventory. Anything under 1.0