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Myer’s netprofit declined 18 per cent to $42 million in the first half, reflecting what the company described as an increase in the cost of doing business. The post Myer’s netprofit tumbles as labour, marketing costs increase appeared first on Inside Retail Australia. Sales remained flat at $1.83
Accent Group booked higher netprofit on the back of 42 new store openings in the fiscal first half. The fashion group’s netprofit increased 11.7 The post Accent Group’s netprofit rises amid 42 new store openings appeared first on Inside Retail Australia. million as sales rose 4.2
Lovisa’s netprofit increased in the first half after the opening of 43 new stores worldwide. The jewellery and accessories retailer’s profit grew 6.5 Last fiscal year, Lovisa’s netprofit grew 20.9 per cent to $56.9 million as revenue climbed 8.8 per cent to $405.9 per cent to $82.4
Temple & Webster’s netprofit more than doubled in the first half, thanks to an increase in new and repeat customers, and higher average order values. The furniture retailer’s netprofit surged 117.9 per cent year over year to $9 million as revenue soared 23.6 per cent to $313.7 million, up 22 per cent.
Miniso’s netprofit grew amid a higher store count in the third quarter ended September 30. The company’s third-quarter netprofit rose 4.9 In the first nine months, netprofit jumped 11.6 per cent to US$92.4 million while revenue soared 19.3 per cent to $644.5 per cent to $260.2 per cent to $1.75
Universal Store Holdings has appointed George Do in the newly created role of Universal Store and Perfect Stranger divisional CEO, effective March 1, after suffering a steep netprofit decline in the first half. The new appointment comes after the group posted a netprofit of $11.3 per cent, which included a $13.6
Wesfarmers posted higher netprofit amid stronger sales across its retail businesses in the fiscal first half ended December 31. The group’s netprofit rose 2.9 The post Wesfarmers posts higher netprofit on higher Bunnings, Kmart, Officeworks sales appeared first on Inside Retail Australia.
Nick Scali is at risk of not meeting its first-half netprofit guidance for Australia and New Zealand due to delays in the delivery of its products. The delays are adding significant risks to Nick Scali’s capacity to hit its $30 million to $33 million netprofit guidance for ANZ.
Retail Food Group’s netprofit surged in the fiscal first half on the back of positive sales momentum in the cafe, coffee, bakery segment. The group’s net income surged 73.8 The post Retail Food Group’s netprofit surges 73.8 per cent year over year to $7.3 million as revenue increased 19.2
In the last fiscal year, Kogan swung to a netprofit of $83,000 despite a 6.1 Although implementation and technology challenges temporarily adversely impacted Mighty Ape sales during the peak period, the issues have since been largely resolved. per cent decrease in revenue.
On the bottom line, netprofit before tax fell 12.7 The brand operated 307 stores across its proprietary markets of Australia, New Zealand, the UK, Ireland, Singapore and Malaysia at the end of the first half. per cent to $148.4
Woolworths Group booked lower profit in the first half, attributed to the 17-day industrial action impacting its supermarket business last December and a trend of customers seeking more value when shopping. The group’s netprofit fell 20.6 per cent to $739 million after earnings before interest and taxes (EBIT) slid 14.2
Endeavour Group’s netprofit declined in the first half, impacted by the Victor ian supply chain disruption during the peak end-of-year trading period. The group’s netprofit fell 15.1 per cent to $298 million while sales slid 0.7 per cent to $6.62 Retail sales declined 1.5 per cent to $5.5
Baby Bunting’s netprofit surged amid higher revenue in the first half as a new product range lifted the average selling price and gross margin. The baby products retailer saw statutory netprofit soar 45.3 ” For the full fiscal year, the company forecasts pro forma netprofit to be in the range of $9.5
However, its netprofit attributable to shareholders declined 36.6 “As we expand margins, grow our online channels and store network we are well placed to deliver a material step change in both revenue and profit growth over the next three years.” million, with an EBITDA margin of 4.5 Sales rose 2.3
Super Retail Group’s netprofit fell in the fiscal first half amid inflationary pressures affecting the cost of doing business. The group’s statutory netprofit declined 9 per cent to $130 million despite sales increasing 4 per cent to $2.11
The group’s netprofit increased 9.5 Michael Hill has started an internal strategic review for its New Zealand business after another sales dip in the segment during the first half. per cent to $16.9 million despite revenue decreasing 0.7 per cent to $360.2 However, revenue from its New Zealand business fell 7.4 million ($54.6
Bapcor has warned of weak profit and balance sheet for the fiscal year, along with some changes to its board of directors, in its latest trading update. The automotive parts group expects an unaudited pro-forma netprofit after tax of $81-82 million for the 12 months to June 30. Total revenue was down 1.4 per cent to $1.97
billion netprofit for the last financial year, with a year-high share price of $19.40 Woolworths’ share price fell from a year high of $37.59 to as low as $29.19 amid the controversy and negative headlines on price gouging and alleged anti-competitive behaviour. In comparison, Coles posted a $1.11
Woolworths looks to follow suit Woolworths Group CEO Amanda Bardwell announced the companys own plan to reduce product range after delivering disappointing half-year results that revealed netprofits dropped 20.6 per cent to $739 million and earnings before interest and tax fell 14.2 per cent to $1.45
Gross profit grew 18.3 Attributable netprofit grew 19 per cent to $10.3 “Having returned the company to profitability in FY24, I’m pleased to report today that we have built on that momentum and returned the business to strong sales growth in 1HFY25,” said Kogan. First-half gross sales rose 10.3
However, better control of selling and administrative expenses helped deliver an increase in netprofit for the quarter of 108.1 Netprofit for the first nine months of the year is up 24 per cent. The gross margin percentage of revenues in the third quarter was 52.8 per cent, a decline from 53.1 million baht ($3.5
For the full year, revenue rose 13 per cent (15 per cent in constant currency) to 15 billion, and consolidated netprofit increased 7 per cent to 4.6 The Americas rose 21.4 per cent, while Europe increased 16.9
billion with netprofit down 2.2 From late November, the company took advantage of its chief rival Woolworths’ industrial problems , working with suppliers to increase stocks in its Victoria and NSW stores to satisfy customers unable to source goods at Woolworths outlets. per cent to $2.05 per cent to $576 million.
per cent, and netprofit was 1.3 Big C has delivered netprofit of 4.0 In the fourth quarter, Big Cs sales increased by 3.2 per cent on the same quarter a year ago, to 26.9 billion Thai baht (US$816 million) with the company again flagging its fresh food sales as a strong performer. Gross margin improved to 19.4
Like most private companies at the time, only the top executives saw netprofits. They had thought the company was much more profitable all those years, and they were embarrassed to discover the reality,” she recalled. They didn’t. That changed almost overnight. “We I would say many of them were shocked.
Meanwhile, netprofit soared to RMB3.4 Chinas Pop Mart has wrapped up another stellar year, surpassing RMB13 billion in revenue for 2024 as the blind-box market continues to thrive. This marks an impressive 106.9 per cent year-on-year increase. billion, reflecting a staggering 185.9 per cent growth from the previous year. billion.
. “Jewellery maisons, responsible for the bulk of group profits – produced a resilient performance,” said Bernstein analyst Luca Solca, although watches performed much worse than expected. Richemont’s netprofit for the first half of its financial year fell to $494.64 million from $1.63
million and net earnings to a modest $3.3 million and netprofits to $17.3 Consolidated Press Holdings offloaded the 370-store Pretty Girl Fahsion Groups labels, Rockmans, Table Eight, BeMe and W Lane in August 2016 in a cash and share deal which increased total revenue for FY17 to $316.8
Alongside its retail expansion, the retailer has launched a “profit pledge,” committing 10% of its netprofits to charitable causes. Rituals international footprint has expanded rapidly since entering Asia in 2022, with new stores in Hong Kong and Japan contributing to 46 locations across the continent in 2024.
Netprofit was 715 million baht (US$21.7 Big C has delivered a netprofit of 2.7 The focus on fresh food is paying off In the third quarter, Big C’s sales increased by 3.2 per cent on the same quarter a year ago, to 25.4 billion Thai baht (US$769 million), with the help of the new stores. Gross margin held steady at 17.5
billion) and the netprofit of 16.7 Even now, overall foot traffic across the portfolio has not quite returned to pre-Covid levels, but its getting close. Points rewards are key sales driver For the whole year 2024, revenues came in at a record high of 51.8 billion Thai baht ($1.6 billion baht ($506.9 million) was a record as well.
Slower revenue growth, shrinking profit margins, and a dwindling share in the national retail economy have pushed many operators to re-evaluate their strategies. More than 70 per cent of surveyed department-store operators experienced year-on-year sales and netprofit declines last year, including Xujiahui Shopping Mall and Inzone Group.
billion, while netprofit plunged 64.8 Sa Sa International’s share price dropped 1.82 per cent to close at HK$0.54 last Wednesday after announcing the store closures. For the fiscal year ending March 31, Sasa reported a 9.7 per cent decline in turnover to HK$3.94 per cent to HK$77 million.
In the filing, Klarna did reveal some of its financial results for 2024, including its $21 million in netprofit. 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.
per cent (down slightly on a year ago) and netprofit was down 6.2 For its part, fresh food has been powering sales growth at Big C’s competitors as well.) Gross margin was 18.1 per cent to 977 million baht ($30 million). million square metres of its own stores’ floorspace.
” Looking ahead, Inditex said it had a “strong commitment to profitable growth” after netprofit for 2024 grew 9% to 5bn (5.9bn.) The group said its spring/ summer 2025 collections had been well received by customers, with store and online sales up 4% between 1 February and 10 March.
On the bottom line, profit from recurring operations slid 15 per cent to EUR9 billion, and netprofit was down 22 per cent to EUR5.6 The group said it remains confident in the ongoing uncertain geopolitical and economic environment and will continue to focus on enhancing the desirability of its brands.
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 netprofit to the owners by 7.9 So far, so good.
The Japanese fashion giant’s profit fell 9.7% The results kept it on track to hit its highest performing year, with forecast netprofits of £2.06bn (¥410bn), marking a 10% rise over the 2024 fiscal year. to £530m (¥105.5bn) in the three months ended in May, despite sales rising 7.7%
Last month, Wesfarmers reported its netprofit rose 2.9 The post Wesfarmers to book up to $130 million profit from BPI structure wind up appeared first on Inside Retail Australia. BPI issued 12-year senior secured notes to investors to fund the sale and leaseback. per cent to $1.47 billion during the first half.
Second-hand marketplace Vinted has a reported sharp rise in revenue and profits for 2024, fuelled by growing consumer appetite for affordable pre-owned goods and ongoing expansion across Europe. The Lithuanian-based business posted a netprofit of 76.7m, up from 17.8m the previous year, as sales climbed 36% to 813.4m.
and delivered a netprofit of €1.31bn (£1.16bn), up marginally year-on-year. Inditex attributed the softer start to the year partly to cooler weather in key markets such as Spain, which accounts for around 15% of its global sales, as well as ongoing economic uncertainties dampening consumer spending.
Despite racking up $38bn in sales last year, Shein’s netprofit reportedly fell by almost 40% to $1bn, raising doubts over whether it can match the $66bn valuation achieved during its last funding round. In June, Shein was hit with a High Court lawsuit alleging it had dodged UK customs and VAT payments — claims the company denies.
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