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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 percent increase in same-store sales in 2020 but also found cost increases tied to the pandemic.

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Wimbledon and summer of sport: Net profit

Talking Retail

This story continues at Wimbledon and summer of sport: Net profit. Wimbledon is one of the stars of the season and will return this year after being cancelled in 2020 because of Covid-19. Or just read more coverage at Talking Retail.

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Best & Less reports ‘inconsistent’ trading, revises profit expectations

Inside Retail

“We expect to see the benefits of lower product and shipping costs begin to flow through in the first half of the next financial year and we will remain focussed on tightly controlling our cost base to preserve profitability.” A further four new stores are due to open before the end of the calendar year.

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Double-digit fall in Hallenstein Glasson’s full-year profit

Inside Retail

NZX-listed fashion retailer Hallenstein Glasson has reported a 23 per cent drop in net profit for the year ended August 1 to AUD39,83 million despite sales growth in the second half. per cent growth in sales with net profit increasing 16.4 per cent with net profit down 64.7 per cent to AUD547.05 million. .

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Domino’s Pizza profit slumps as inflation hits consumer spending

Inside Retail

Domino’s Pizza Enterprises said its first-half net profit fell 21.5 The Australian franchise of Domino’s says its first-half profit attributable for the period ended Jan 1 was $71.7 per cent, as orders were impacted by the impact of inflation on consumer spending. million on global sales of $1.97

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Myer sales surge in a buoyant post-Covid era

Inside Retail

Comparisons of the latest trading half against a year earlier are of little relevance given the impact of enforced store closures during much of the first quarter.

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Analysis: a perfect retail storm is brewing

Inside Retail

Despite some retailers reporting strong sales because of the growth in online sales, net profits declined. per cent in the 2022 fiscal year supported by record online sales, which increased by 44 per cent while net profit fell by 20 per cent. per cent decline in net profit after tax.