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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 Shrinking your fleet can make [for] more profitable sales,” Mortimer said. King said that Myer’s strong value proposition, and disciplined approach to cost and inventory management would enable it to withstand these pressures. “We per cent to almost $1.85

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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

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8 Effective Ways to Increase Profit Margins in Retail

V Count

The ratio between a product’s cost base and its selling price is known as the profit margin. Additionally, to evaluate the overall health of the retail store, however, one looks at the net profit margin. Increase Retail Profit Margin With These 8 Ways. Improve your inventory visibility.