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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 Gross profit increased 13 per cent to $599.7

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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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Cedar Woods sells Williams Landing Shopping Centre for $60 million

Inside Retail

Victoria’s Williams Landing Shopping Centre has been sold for $60 million after owner Cedar Woods accepted an unconditional offer which also includes one hectare of adjacent development land. The shopping centre has a Woolworths supermarket, 30 specialty stores, a childcare facility, and two levels of office space.

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Vicinity Centres posts highest occupancy rate since 2019

Inside Retail

Statutory net profit after tax rose to $223.5 During the six months, Vicinity entered into contracts for asset sales to fully fund the acquisition of the remaining 49 per cent of Chatswood Chase Sydney shopping mall. “1H The group attributed the increase to “robust tenant demand”, up from 98.8 million from $176.3

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Can Kohl’s New Merchandising Strategy Create Holiday Magic?

Retail TouchPoints

While discounts and deals will be core, the ailing department store chain is also prioritizing in-store merchandising and curation to improve the customer experience. To make finding the perfect gift even easier, Kohl’s has developed a new front-of-store experience, aptly called Gift Shop, that is curated for various holiday gifting needs.

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Double-digit fall in Hallenstein Glasson’s full-year profit

Inside Retail

NZX-listed fashion retailer Hallenstein Glasson has reported a 23 per cent drop in net profit for the year ended August 1 to AUD39,83 million despite sales growth in the second half. per cent growth in sales with net profit increasing 16.4 per cent with net profit down 64.7 per cent with net profit down 64.7

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The Reject Shop’s sales remain sluggish into second half

Inside Retail

After a blockbuster first half that saw net profit soar 46.5 per cent despite sluggish sale s, The Reject Shop has said trading remained challenging through the beginning of the second half. The post The Reject Shop’s sales remain sluggish into second half appeared first on Inside Retail.