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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. “In a year of transition, we remain focused on executing our strategic plans to drive growth and attractive shareholder returns.”

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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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Super Retail’s profit declines as inflationary pressures necessitate discounting

Inside Retail

Super Retail Group’s net profit fell in the fiscal first half amid inflationary pressures affecting the cost of doing business. The group’s statutory net profit declined 9 per cent to $130 million despite sales increasing 4 per cent to $2.11

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Services and the mid-market: Takashimaya’s post-tourism plan

Inside Retail

The lions share of operating revenue (83 per cent) and exactly half of the operating profit emanated from domestic stores. Operating profit as a whole rose by 11.2 per cent and net profit to the owners by 7.9 This store may not even have existed had the company followed through with its pre-Covid plan to shutter it.

Planning 130
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Woolworths and Coles drew consumer ire for cost-of-living pressures in 2024

Inside Retail

billion net profit for the last financial year, with a year-high share price of $19.40 There may also be comment on the government requirement for notifications to the commission on mergers in the sector, opportunities for planning and zoning reform, and landbanking practices, as well as an ACTU call for a permanent prices commission.

Consumer 246
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Moshi Moshi eyes expansion beyond Thailand, targets 200 stores by 2025

Inside Retail

Indeed, 2025s business plan includes piloting large-format stores in such locations. For 2025, the companys business plan is to end the year with about 200 stores. However, better control of selling and administrative expenses helped deliver an increase in net profit for the quarter of 108.1 per cent, a decline from 53.1

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Analysis: Coles, Woolies’ shrinking product ranges are all about the bottom line

Inside Retail

Woolworths looks to follow suit Woolworths Group CEO Amanda Bardwell announced the companys own plan to reduce product range after delivering disappointing half-year results that revealed net profits dropped 20.6 But at the same time making sure that weve got a real laser focus on execution and cost control in our business.