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Kathmandu parent KMD Brands sees sales, net profit increase

Inside Retail

Outdoor apparel retailer KMD Brands has witnessed an increase in sales and net profit in FY23 on the back of improved performance across all its businesses – with the Rip Curl and Oboz brands achieving record sales. million and net profit after tax jumping 8.6 Gross profit increased 13 per cent to $599.7

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H&M’s sales drop after cold weather affected key markets

Inside Retail

H&M Group has booked lower sales in the fiscal third quarter amid cold weather in many key European markets. billion) and net profit dropped 30 per cent to SEK2.31 The post H&M’s sales drop after cold weather affected key markets appeared first on Inside Retail Australia. billion (US$5.82

Marketing 246
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Services and the mid-market: Takashimaya’s post-tourism plan

Inside Retail

The lions share of operating revenue (83 per cent) and exactly half of the operating profit emanated from domestic stores. Operating profit as a whole rose by 11.2 per cent and net profit to the owners by 7.9 So far, so good. One wonders if the change of mind in the middle of 2019 to keep the store open was misguided.

Planning 130
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Why Dollarama is just the latest global entrant in Australia’s discount market

Inside Retail

The Canadian convenience chain Dollaramas recent acquisition bid for The Reject Shop highlights a growing trend of international retailers assessing Australias discount market. These developments reflect the demand for budget-friendly options in the Australian retail market, which is also home to domestic competitors such as Kmart.

Marketing 226
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Klarna Takes Another Step Toward IPO as it Showcases Profitability and New Walmart BNPL Deal

Retail TouchPoints

In the filing, Klarna did reveal some of its financial results for 2024, including its $21 million in net profit. However, the buy now, pay later (BNPL) company still has not revealed how many shares it plans to sell, their price range or when the IPO will take place. The Sweden-based company, which has operated in the U.S. associates.

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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 275
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Supermarkets and ARA defend industry after ACCC inquiry findings

Inside Retail

We believe the Australian grocery sector remains highly competitive, with a growing number of physical and online shopping alternatives, said ARA chief industry affairs officer Fleur Brown. The pan-retail body defended Coles and Woolworths profit levels, declaring that over the past five years, Coles net profit margin of 2.6