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Kathmandu parent KMD Brands sees sales, net profit increase

Inside Retail

Outdoor apparel retailer KMD Brands has witnessed an increase in sales and net profit in FY23 on the back of improved performance across all its businesses – with the Rip Curl and Oboz brands achieving record sales. million and net profit after tax jumping 8.6 Sales grew 12.6 per cent to $1.01 per cent to $97.4

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Vicinity Centres posts full-year net profit of $271.5 million

Inside Retail

Vicinity Centres has posted a lower statutory net profit after tax of $271.5 Net profit after tax fell from last year’s $1.2152 billion, largely driven by a non-cash reduction in asset valuations. Net property income increased 12.1 The post Vicinity Centres posts full-year net profit of $271.5

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Myer sees elevated annual sales, but is cautious amid economic headwinds

Inside Retail

Net profit rose 18.2 Statutory net profit rose 23.3 . “Our online offer is a scale business that returned to growth in the second half and has continued to increase market share throughout FY23.” per cent to $71.1 million for the 12 months to July 29, the highest since 2015. per cent to $60.4

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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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Nick Scali logs full year double-digit growth in revenue, profit

Inside Retail

per cent growth in net profit after tax for the year ended June 30 – a success it attributes to smart logistics management. million, while net profit after tax reached $101.1 Furniture retailer Nick Scali posted a 15.1 per cent increase in revenue and 26.1 The group reported FY23 revenue of $507.7 Gross margin improved 2.5

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Restaurant Brands struggles as inflation evolves 

Inside Retail

The group recorded net profit after tax of $2 million compared with $14 million in last year’s first half, indicating inflationary pressures facing the group in all markets. Total store sales were $589.4 million, up 9.4 per cent year over year, supported by the opening of new stores and a stronger US dollar.