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Myer expects lower sales, net profit amid challenging trading conditions

Inside Retail

Department store chain Myer expects fiscal first-half sales and net profit to decline year over year amid a challenging trading environment. “Like many retailers, we have had to contend with inflationary pressures and greater promotional cadence, which has an impact on profits.” Online sales account for 21.3

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Baby Bunting’s net income plunges amid cost of living pressures

Inside Retail

Baby Bunting booked significantly lower net profit in the fiscal first half as sales declined amid macroeconomic challenges and price competition. The baby products retailer’s net profit plunged 31.3 million while gross profit margin stood at 37.2 million while gross profit margin stood at 37.2

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Can Kohl’s New Merchandising Strategy Create Holiday Magic?

Retail TouchPoints

Additionally, the retailer is heavily promoting its Top Toys List, featuring 20 of the hottest toys of the season, in stores with a dedicated area touting a cross-category selection of products. New Services to Empower Holiday Shoppers Like many retailers, Kohl’s has extended its holiday marketing and promotions calendar.

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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 per cent to $3.5 million (compared to $26.8 million the year prior). Without taking these impacts into consideration, adjusted NPAT rose 43.2 per cent to $42.9 per cent to approximately $1.18

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“We’re ready”: Menswear brand Yd launches dressed-up store concept

Inside Retail

Simultaneously, Yd has launched a Willy Wonka-esque promotion that will see over 100 suits given away to customers who locate golden tickets in stores, as well as via outdoor advertising. million in FY22, according to The Australian , while net profit jumped to $52.4 Earlier this month RAG said its sales had risen 23.6

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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 billion, an increase of US$50.7 billion on 2019. billion on revenues of US$386.1

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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 The brand has also increased its promotional activity and marketing investment. Temple & Webster recorded $396 million in revenue in FY23, down from $426.3 million in the year prior. million, down from $12 million in FY22. million were down compared to $16.2

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