Wimbledon and summer of sport: Net profit

Talking Retail

This story continues at Wimbledon and summer of sport: Net profit. The nation’s eagerly awaited summer of sport is almost here – and retailers must be ready to maximise sales as shoppers stock up to enjoy the action in the months ahead.

Pandemic brought grocers higher sales and net profits

Retail Wire

Net profit grew to an average of three percent, up from one percent in 2019. FMI’s “The Food Retailing Industry Speaks 2021” report found that the average grocery retailer posted a 15.8

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Myer posts strong performance in half year results

Inside Retail

Department store Myer has recorded a strong performance in its half-year results, with net profit after tax hitting $32.3 million – an increase of 55 per cent. . Myer’s total group sales were up at 8.5 per cent to $1.51 billion, with comparable sales growth of 17.8 per cent.

Premiumization will help Heineken to weather inflationary pressures, says GlobalData

Retail Times

However, the net profit declared excludes the exceptional cost of €400m related to its decision to halt and transfer ownership of its business in Russia.

David Jones reaches profitability for the first time in years

Inside Retail

Department store David Jones has clawed its way back into the black, according to a report in The Australian , after posting its first net profit since 2018. Accounts lodged with ASIC by David Jones’ holding firm Osiris Holdings tell of a healthy net profit of $83.4

Nick Scali’s sales steady, profit stumbles through first half

Inside Retail

million and profit fell slightly to $35.6 Overall profit fell by 6 per cent compared to the previous corresponding period in FY21. million, which added 46 showrooms to the group’s network , contributed a net profit after tax of $1.8

Hallenstein Glasson profits hit by Covid

Inside Retail

Trans-Tasman fashion retailer Hallenstein Glasson has reported a 40-per-cent reduction in half-year profit, citing Covid disruptions. million, with net profit at $11.91 The post Hallenstein Glasson profits hit by Covid appeared first on Inside Retail.

Best & Less reports robust trading

Inside Retail

million and net profit after tax of $16.9 Best & Less Group has reported ‘robust’ trading performance during the past half-year despite losing 21.3 per cent of trading days due to government-mandated store closures. The group has reported first-half revenue of $287.5

KMD Brands profit dives through first half

Inside Retail

The business’ net profit after tax fell 124.7 The post KMD Brands profit dives through first half appeared first on Inside Retail.

Myer bounces back to profitability, names new chair

Inside Retail

billion – 20 per cent of which were made online – leading to a statutory net profit figure of $46.4 Myer’s profit is a strong improvement on the $172.4 The post Myer bounces back to profitability, names new chair appeared first on Inside Retail.

Temple & Webster booms as customers remain homebound

Inside Retail

Temple & Webster has surfed strong online homewares sales to a year of record profit, revenue, and customer growth, with Australians continuing to rethink and refurnish their homes amid ongoing lockdown restrictions.

Adore Beauty rights ship in FY21 with revenue, customer and profit growth

Inside Retail

Net profit grew 168 per cent over the course of the year, with the beauty firm eking out a positive result of $845,000 – a slight win, but a big boost on last year’s loss of $1.2

JB Hi-Fi predicts record year, though lockdown hurts fourth quarter

Inside Retail

per cent to $743 million and net profit reached $506 million – a 67.4 Electronics retailer JB Hi-Fi will deliver record sales and earnings growth for FY21, according to preliminary results released to shareholders on Tuesday. According to the business, sales grew 12.6

The Reject Shop’s sales remain sluggish into second half

Inside Retail

After a blockbuster first half that saw net profit soar 46.5 per cent despite sluggish sale s, The Reject Shop has said trading remained challenging through the beginning of the second half.

Newly-listed Best & Less delivers record profit

Inside Retail

Best & Less’ first financial year as a public company exceeded its own expectations, with strong earnings and like-for-like sales growth driving a net profit result 191 per cent up on the prior year. million, leading net profit to hit $47 million for the year.

Miniso continues to post strong growth as Covid’s impact eases

Inside Retail

Chinese discount goods retailer Miniso has reported strong first-quarter sales and profit growth for the three months to September 30 as its store network continues to expand internationally. million and adjusted net profit to $28.6

Online sales drive profits for Premier Investments

Inside Retail

Premier investments’ online channels have contributed significantly to group’s half-year profit despite volatile trading conditions in its first-half results. Net profit after tax was registered at $163.6

Beacon Lighting expecting profit to almost double in FY21

Inside Retail

Beacon Lighting expects its net full year earnings to hit between $35.5 The impressive growth in net profit largely comes from careful expense management and boosted gross profit margin, driven by an increase in retail and online sales.

Nick Scali confirms it’s looking to buy Plush Sofas

Inside Retail

Nick Scali said it had almost doubled profit during the six months to February, with net profit hitting $40.5 Following a successful first half , furniture business Nick Scali has offered Greenlit Brands an undisclosed sum to buy up its Plush Sofas business.

Kathmandu cuts expectations short as lockdowns bite

Inside Retail

The business has had a rough run during the pandemic, with its net profit tumbling 44.5

Uniqlo to Open 30 New Stores Per Year in North America

VMS

Fast Retailing notched a record-high profit for the first half of the fiscal year, the article says. Net profit jumped by 38.7%

Adairs’ growth remains stable in the first half

Inside Retail

million while net profits after tax came to $17.6 Bedding and homewares retailer Adairs reported that the business continued to perform well despite Covid-related disruptions in its first half results. . Group sales were estimated at $241.8 million with Adairs contributing $131.7

Wesfarmers warns of more Covid disruption after first-half profit dives

Inside Retail

Retail conglomerate Wesfarmers has reported a 12.7-per-cent decline in first-half net profit, estimated at $1.213 billion with revenue of $17.758 billion. . The post Wesfarmers warns of more Covid disruption after first-half profit dives appeared first on Inside Retail.

Baby Bunting records higher profits, plans expansion into New Zealand

Inside Retail

Net profit after tax was $8.1 The post Baby Bunting records higher profits, plans expansion into New Zealand appeared first on Inside Retail. Retailer Baby Bunting Group has reported strong revenue growth in the first half on the back of market-share gains.

Kathmandu Group rebounds in FY22 despite lockdown, supply chain impacts

Inside Retail

The group ended the year with a underlying net profit of $64 million – more than double what was achieved during FY20. After a difficult start to the year, outdoor group Kathmandu ended FY21 with relatively strong sales growth of 15.1

Kathmandu Group rebounds in FY22 despite lockdown, supply chain impacts

Inside Retail

The group ended the year with a underlying net profit of $64 million – more than double what was achieved during FY20. After a difficult start to the year, outdoor group Kathmandu ended FY21 with relatively strong sales growth of 15.1

Kogan profit falls 86 per cent on bloated inventory costs

Inside Retail

Kogan’s bloated inventory and logistics costs severely impacted its profitability in FY21, with net profit plummeting 86.8 The post Kogan profit falls 86 per cent on bloated inventory costs appeared first on Inside Retail.

Coles pockets $1 billion profit as Smarter Selling pays off

Inside Retail

At its full year results announcement on Wednesday morning, Coles revealed that net profit broke the one-billion-dollar mark, rising 2.8 Coles overall produced reasonably strong results, attaining just over $1 billion in net profit for the first time,” Mortimer told Inside Retail. “Of

Hallenstein Glassons grows through FY21, but limps into FY22

Inside Retail

Fashion house Hallenstein Glassons has delivered a year of growth in a difficult market, with group sales almost 22 per cent up to $333 million and net profit hitting $31.7

Mosaic Brands looks at raising capital following return to profitability

Inside Retail

Mosaic Brands has returned to earnings growth despite faltering sales, clocking in a net profit figure of $2.7 The benefits of these actions became evident in the fourth quarter, which delivered our second most profitable Q4 on record with comparable sales growth of 27.9

Myer sets AGM date, puts Lew in the hot seat

Inside Retail

Myer’s half year results, however, did see the business recover slightly – with a net profit after tax of $42.9

Lovisa recovers from rough start to deliver strong FY21

Inside Retail

While the business’ first quarter was heavily impacted by store closures in Victoria, the remainder of the year saw improved performance and positive comparable store sales, with a gross margin of 77 per cent delivering a net profit of $27.7

Covid dulls first-half earnings for Harvey Norman

Inside Retail

Electronics and furniture retailer Harvey Norman Holdings says Covid has impacted its profits in the first half. Net profit after tax reached $430.91 The profits of the Australian franchising operations segment were estimated at $292.85

Woolworths makes sales strides, but profit drops during Omicron challenges

Inside Retail

Group net profit after tax on continuing operations declined by 6.5 The post Woolworths makes sales strides, but profit drops during Omicron challenges appeared first on Inside Retail.

Wesfarmers results jump as Bunnings, Kmart and Officeworks boom

Inside Retail

Wesfarmers has joined in the parade of businesses reaping the rewards of a strong year of trade, despite ongoing movement restrictions, signaling a 40 per cent jump in net profit to $2.38

Lifestyle, leisure drive record year for Super Retail

Inside Retail

Unprecedented demand in lifestyle and leisure gifted Super Retail Group record sales and earnings in FY21, with net profit doubling during the year to $306.8

JB Hi-Fi investing in work culture, sustainability following record year

Inside Retail

billion and net profit for the year hitting $506 million – a 67.4 Net-zero goal by 2030. JB Hi-Fi has delivered another strong year despite the continuation of lockdowns and trading restrictions, with total sales rising 12.6 per cent to $8.9

Lew hits back at hints of capital raising at Myer

Inside Retail

On Thursday morning Myer released its unaudited trading update – something requested last week by Lew – and said it expects to return to “second half” profitability for the first time since FY17.

ATS 208

Premier’s Covid-resistant strategy pays dividends

Inside Retail

In the 26-week period ending 29 January, Premier lost 42,675 trading days to government-enforced lockdown measures aimed at controlling the spread of the Delta and Omicron variants of Covid-19, resulting in a 16 per cent drop in net profit to $163.6

How customer loyalty helped Myer bounce back

Inside Retail

After a rollercoaster six months of lockdowns, Christmas and Omicron, department store Myer yesterday delivered a strong half year result with net profit up 55 per cent and its first dividend payment since FY17.

BWX takes controlling stake in Go-To Skincare, as profit soars

Inside Retail

million while net profit surged 60.9 Despite continual Covid-19 related retail lockdowns, we achieved growth in sales, gross margin and profit, with increased market share across our core categories of skincare, body and hair,” he said. “In

The Benefits of Having an Ecommerce Presence

Independent Retailer

According to recent data from Xero , accountants and bookkeepers believe ecommerce platforms generally outperform their purely brick-and-mortar counterparts – with 70 percent of respondents stating that online platforms have a higher net profit margin. . by Jordan Cooper.

Report: Birkenstock Could Seek Sale Valued at Nearly $5 Billion

Retail Touch

The latest financials from Birkenstock are for the year to in September 2019, when the company reported $875 million in revenues and a net profit increase of 40% year-over-year.