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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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

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

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.

Nick Scali forecasts bumper year ahead as third quarter delivers

Inside Retail

Due to this ongoing positive momentum, Nick Scali is forecasting its full-year EBITDA to hit $120 million and resulting net profit to fall in the range of $78 to $80 million – a 90 per cent increase on the year prior.

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

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.

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.

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

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.

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.

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

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

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

Analysis: As technology marches on, Asia’s retail property huffs and puffs

Inside Retail

Where revenues went, profits followed. Those same 20 companies made a net profit of US$320.6 That’s an astonishing 19 per cent profit gain. Top of the list of tech giants was Amazon, which had a net profit of US$21.3

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

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

How Myer plans to reach $1 billion in online sales

Inside Retail

It also posted its biggest profit since FY17, with net profit after tax excluding implementation costs and individually significant items rising to $51.7 Statutory net profit after tax rose to $46.4

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.

Health Brand Jocko Fuel’s Amazon Success Formula: ‘Fight AI with AI’

Retail Touch

But] if you think about that metric, it’s flawed, because it doesn’t account for net profit margin or profitability at the ASIN [Amazon Standard Identification Number] level. Every day , 1,797 new sellers join the Amazon marketplace.

City Chic’s online focus pays off in FY21

Inside Retail

The business’ global active customer base, now spread across Australia, New Zealand, the US, UK, and European markets, hit one million for the first time this year, driving an underlying net profit growth of 80.6 Plus-size fashion firm City Chic has enjoyed the consumer-led switch to online retail, with 73 per cent of its FY21 total sales of $258.5 million coming through its online.

Accent Group hit fourth year of record profit, chart overseas expansion

Inside Retail

Accent Group’s recent spate of acquisitions has done little to dampen a strong FY21 result, with the footwear giant delivering earnings growth despite spending millions on picking up new brands, and marking the group’s fourth consecutive year of record profits.

How merging data analytics and retail management can drive business value

Inside Retail

When you translate that margin gain for a retailer that might currently be making a net profit of 2 or 3 per cent, it can translate into really substantial profit growth over a relatively short period of time,” says Moore.

Wesfarmers: ‘When stores cannot trade, revenue declines’

Inside Retail

Net profit after tax was up more than 40 per cent to $2.4 Australian retail conglomerate Wesfarmers reported its full-year results on Friday , revealing a 10 per cent increase in revenue to $33.9 billion on strong sales growth in retail businesses Bunnings, Kmart Group, and Officeworks.

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

Inside Retail

per cent lift in net profit to $2.07 The post Woolworths declares $2bn share buyback as profit hits $2.07bn appeared first on Inside Retail.

KPIs In Retail: 7 Essential Metrics to Level Up Your Retail Game

V Count

net sales/number of employees. net sales/total space. While generating high footfall traffic to your stores is a great starting point, it won’t provide much value without the ability to convert those visits into transactions that generate profit.

ATV 52

Analysis: Why Premier Investments is bullish about the future

Inside Retail

per cent boost to net earnings for the six months to December 2020, amid praise and scorn. million net profit from $784.6

Sales at Zara owner jump beyond pre-pandemic levels after online shopping surge

365 Retail

It came as the company said it posted a net profit of 421 million euros (£361.9 However, the profit was still around a third below the levels it saw a year ago.

Analysis: Decision time looms at DJs and Myer boardrooms

Inside Retail

The profitability of both chains is now dependent on store closures, the reduction of floor space and revised lease deals with landlords, and continued growth in online sales, maybe retreating post-Covid based on market advice from pureplay e-tailer Kogan.com. The $56 million operating profit for the first half of the current financial year followed a 15 per cent reduction in costs, which included the rent reductions and floorspace sacrifice, as well as government support.

ATS 109

Cisco CSR in India: Making a positive social impact

Cisco Retail

Section 135 of the Companies Act of 2013 prescribed that two percent of average net profits by eligible companies operating in the country be directed toward CSR activities in authorized focus areas. “Powering an inclusive future for all” is Cisco’s purpose statement.

WBA posts strong Q3 results, raises outlook

Mass Relators

The company posted a net profit of $1.2 per share, compared to a net loss of $1.71 The increases reflect strong adjusted gross profit growth across both pharmacy and retail in the U.S. DEERFIELD, Ill.

To Thrive in the New Global Ecommerce Marketplace, Toys ‘R’ Us may Need to Think Small

Retail Touch

Profits at Barbie and Hot Wheels firm Mattel were $126.6 LEGO also reported a strong year with net profit up almost 20% to DKK 9.9 Remember Toys ‘R’ Us? A toy shop that gave the world Barbie, Mr. Potato Head and other wonderful creations.

Meijer opens three new supercenters

Mass Relators

Meijer donates more than 6% of its net profit to charitable organizations annually, and each of its stores work with local food banks and pantries to help fight hunger. GRAND RAPIDS, Mich.—