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How Temple & Webster plans to use AI, private labels to reach $1b in sales

Inside Retail

Meanwhile, its net profit fell by over 30 per cent to $8.3 This revenue growth is reportedly due to an increase in both first-time and returning customers. Temple & Webster also has plans to achieve $1 billion in annual sales within the next three to five years. We’re not planning to do any mass cost reduction.

Planning 246
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How Myer plans to reach $1 billion in online sales

Inside Retail

To reach his $1 billion online sales target, King plans to continue to improve Myer’s website and user experience, expand the range of products it offers online, speed up the delivery of online orders and better leverage the Myer One loyalty program. Statutory net profit after tax rose to $46.4 Myer reported $539.5

Planning 130
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“Building for the future”: Inside Endeavour Group’s plan for digital

Inside Retail

Group net profit rose 11 per cent to $495 million compared to a year prior, as did earnings per share which rose to 27.6 The first seven weeks of FY23 have been relatively strong, with a return to a normal pattern of trade in retail and a continued recovery in Endeavour Group’s hotels division. cents per share.

Planning 130
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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 And] our continued strong returning customer rates and growth in new customers provide strong momentum to drive continued growth in FY22 and beyond.”.

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Kohl’s Highlights Brands that Give Back With Curated Discovery @ Kohl’s Experience

Retail TouchPoints

Kohl’s dedication to supporting brands that “offer a purpose beyond profits” will extend to its overall back-to-school selection, which features brands including: Ivory Ella , which donates 10% of all net profits to organizations like Save the Elephants; Yoobi , a brand that donates a school supply item to a child in need in the U.S.

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Lew hits back at hints of capital raising at Myer

Inside Retail

Myer has said the media speculation is “nonsense” and that it has no immediate plans to issue shares, but Lew, by way of Premier Investments’ legal council Jeremy Leibler, said Premier will take “all steps within its power to prevent any attempt to dilute and disempower” its holding in the business. million, up 5.5 per cent to $539 million.

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New board member and DJs update: Here are the key takeaways from Myer’s AGM

Inside Retail

I’m [coming in] because I want to listen to the team, and add my value to that plan going forward,” he said. “I million, while its net profit rose by over 100 per cent compared to the last financial year, excluding JobKeeper support, to $60.2 He added that King and the team have brought Myer back to life.