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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 per cent in the first seven weeks of the second half, benefitting from students returning to school. per cent from the year-ago period to $47.2 per cent to $844.6

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Kogan reports first-half growth fuelled by strong holiday sales

Inside Retail

Kogan has returned to strong top-line growth in the fiscal first half, which was fuelled by solid holiday sales. On the bottom line, gross profit rose 18.3 In the last fiscal year, Kogan swung to a net profit of $83,000 despite a 6.1 The company reported gross sales of $492.5 million during the July-December period, a 10.3

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Woolworths profit falls 20.6 per cent amid strikes, changing consumer habits

Inside Retail

Woolworths Group booked lower profit in the first half, attributed to the 17-day industrial action impacting its supermarket business last December and a trend of customers seeking more value when shopping. The group’s net profit fell 20.6 per cent to $739 million after earnings before interest and taxes (EBIT) slid 14.2

Consumer 243
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‘Building momentum’: Kogan founder hails revamped company as back on track

Inside Retail

Gross profit grew 18.3 Attributable net profit grew 19 per cent to $10.3 “Having returned the company to profitability in FY24, I’m pleased to report today that we have built on that momentum and returned the business to strong sales growth in 1HFY25,” said Kogan. percentage points to 38.9

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

Inside Retail

Cutting across each of these segments are Chinese tourists, whose return in bigger numbers to Thailand is giving Moshi Moshi some extra lift. 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 million baht ($3.5

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How Golden ABC is building a modern retail empire from the Philippines

Inside Retail

Like most private companies at the time, only the top executives saw net profits. They had thought the company was much more profitable all those years, and they were embarrassed to discover the reality,” she recalled. They didn’t. That changed almost overnight. “We I would say many of them were shocked. It’s earned.”