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Myer’s net profit tumbles as labour, marketing costs increase

Inside Retail

Myer’s net profit 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 net profit tumbles as labour, marketing costs increase appeared first on Inside Retail Australia. Sales remained flat at $1.83

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Lovisa’s 43 net new store openings pull net profit up

Inside Retail

Lovisa’s net profit 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 net profit grew 20.9 per cent to $56.9 million as revenue climbed 8.8 per cent to $405.9 per cent to $82.4

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Accent Group’s net profit rises amid 42 new store openings

Inside Retail

Accent Group booked higher net profit on the back of 42 new store openings in the fiscal first half. The fashion group’s net profit increased 11.7 The post Accent Group’s net profit rises amid 42 new store openings appeared first on Inside Retail Australia. million as sales rose 4.2

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Temple & Webster’s net profit more than doubles

Inside Retail

Temple & Webster’s net profit 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 net profit 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.

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Miniso’s net profit grows amid higher store count in third quarter

Inside Retail

Miniso’s net profit grew amid a higher store count in the third quarter ended September 30. The company’s third-quarter net profit rose 4.9 In the first nine months, net profit 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

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Accent Group’s net profit plunges 32.9 per cent

Inside Retail

Footwear retailer Accent Group ‘s net profit plunged amid higher sales in the last fiscal year. The company saw net profit dip 32.9 The post Accent Group’s net profit plunges 32.9 per cent to $59.5 million despite sales increasing 2.7 per cent to $1.61

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Wesfarmers posts higher net profit on higher Bunnings, Kmart, Officeworks sales

Inside Retail

Wesfarmers posted higher net profit amid stronger sales across its retail businesses in the fiscal first half ended December 31. The group’s net profit rose 2.9 The post Wesfarmers posts higher net profit on higher Bunnings, Kmart, Officeworks sales appeared first on Inside Retail Australia.