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Woolworths books higher net profit, sales in first half

Inside Retail

Solid results in the Australian food and B2B business segments drive an increase in first-half sales and net profit for Woolworths Group. The supermarket group’s net profit rose 2.5 The post Woolworths books higher net profit, sales in first half appeared first on Inside Retail Australia.

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How scrutiny over prices could impact Coles’ and Woolworths’ loyalty programs

Inside Retail

The loyalty market in the Asia Pacific (Apac) region is expected to grow by 11 per cent annually, to reach US$52.05 per cent increase in net profit in its half-year results in February, which grew to $929 million, with Woolies X being a major driver behind this growth. billion in 2024. The Coles App had a 42.3

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Coles pockets $1 billion profit as Smarter Selling pays off

Inside Retail

Coles’ Smarter Selling strategy is paying off for the Australian supermarket giant, with approximately $300 million in extra savings in the bank at the end of FY21. At its full year results announcement on Wednesday morning, Coles revealed that net profit broke the one-billion-dollar mark, rising 2.8 per cent to $1.005 billion.

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Eighteen months post-merger, Lotus’s growth is stagnating. Here’s why

Inside Retail

Eighteen months on, the excitement around the merger is beginning to dissipate, as Lotus’s toils in a fiercely competitive market with a cash-strapped core customer. Net profit was up by 8.9 Retail’s weak revenue growth showed up on the bottom line, with net profit from retail stores falling 12.8

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Woolworths declares $2bn share buyback as profit hits $2.07bn

Inside Retail

Woolworths has announced a $2 billion share buyback following the demerger of its drinks business Endeavour Group and a strong year at the supermarket checkouts. per cent lift in net profit to $2.07 Physical supermarket sales increased by 2.0 Online penetration for supermarkets is quite interesting – 8.5

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Woolworths’ ballooning underpayments muddy a strong half

Inside Retail

Supermarkets were strong, Big W struggled. million, though due to a higher cost of doing business net profit fell 6.5 million, though due to a higher cost of doing business net profit fell 6.5 Woolies’ supermarket sector enjoyed a strong Christmas period, with sales up 3.2 per cent to $795 million.

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Retail appointments of the week

Inside Retail

per cent, EBITDA fall 650 per cent, and net profit free-fall 1,767 per cent to a $100 million loss. “I Additionally, Coles’ former chief marketing officer Lisa Ronson has joined the business as an independent non-executive director of the company’s board, as well as the chair of its people and culture committee.