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How Temple & Webster plans to use AI, private labels to reach $1b in sales

Inside Retail

Online furniture and homewares retailer Temple & Webster has partially recovered from the significant losses that occurred during the first half of the 2023 financial year, and is focusing on its private labels, AI technology and value proposition to drive growth and market share over the next three to five years.

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Analysis: As technology marches on, Asia’s retail property huffs and puffs

Inside Retail

Where revenues went, profits followed. Those same 20 companies made a net profit of US$320.6 That’s an astonishing 19 per cent profit gain. Top of the list of tech giants was Amazon, which had a net profit of US$21.3 billion, an increase of US$50.7 billion on 2019. billion on revenues of US$386.1

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How merging data analytics and retail management can drive business value

Inside Retail

Data science is very powerful – but capturing real value from that capability is challenging, particularly if you’re not the biggest retailer in your market sector. Equally important to optimising a retailer’s return on range, is correctly allocating category space.

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KPIs In Retail: 7 Essential Metrics to Level Up Your Retail Game

V Count

Optimize prices & marketing promotions. Gross and net profit Gross profit is the amount of money you have left after deducting the cost of goods sold from revenue. Why measure gross and net profit? Your gross and net profit values can reflect whether you’re actually gaining money or not.

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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. One of the best available is Zone Analytics.

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10 Most Important Ecommerce KPIs to Measure in 2023

Retalon

Ecommerce continues to rapidly gain market share year after year. GMROI – Gross Margin Return on Inventory Investment Definition GMROI measures how efficient and profitable you are at turning your inventory into gross profit. It provides insight into which products generate the highest return on investment.

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The Winning Formula: How Apparel Brand FIGS Spends Over $1M on Google Ads (Case Study)

Store Growers

Well, it turns out that their smart marketing strategies, including killer Google Ads campaigns, have played a huge role in their success. They have a significant market share in the medical scrubs space and are continuing to expand their product line to other areas of healthcare apparel. But how did they get there? in revenue.

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