article thumbnail

Universal Store Holdings names George Do divisional CEO, net profit dips

Inside Retail

Universal Store Holdings has appointed George Do in the newly created role of Universal Store and Perfect Stranger divisional CEO, effective March 1, after suffering a steep net profit decline in the first half. The new appointment comes after the group posted a net profit of $11.3 per cent, which included a $13.6

article thumbnail

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
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

For Thai retailers CP Axtra and Big C, new stores and fresh food drive growth

Inside Retail

CP Axtra, the awkwardly-named parent company of Thailands familiar Makro and Lotuss stores and the countrys largest wholesale-retail conglomerate, reported a strong set of results for the fourth quarter of 2024 and for the whole year. Wholesale sales under Makros four different banners grew by 4.7 per cent, and net profit was 1.3

Wholesale 130
article thumbnail

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 Pricing strategies, including the potential use of false or misleading was/now pricing and special promotions, and the relationship between retail prices and wholesale and farmgate prices, are being considered by the ACCC. to as low as $29.19

Consumer 246
article thumbnail

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

Inside Retail

However, better control of selling and administrative expenses helped deliver an increase in net profit for the quarter of 108.1 Net profit for the first nine months of the year is up 24 per cent. million baht ($3.5 million), up a shade under 30 per cent from the third quarter in 2023.

article thumbnail

Rituals targets UK expansion after hitting record €2bn sales

Retail Gazette

The brand is also growing its digital and wholesale operations, with a focus on travel retail. Alongside its retail expansion, the retailer has launched a “profit pledge,” committing 10% of its net profits to charitable causes.

article thumbnail

Nike profits plunge 86% as it braces for $1bn Trump tariff hit

Retail Gazette

Nike has reported an 86% drop in quarterly profits as it grapples with a sharp decline in sales, a costly corporate revamp, and a $1bn hit from US tariffs. The sportswear giant posted a net profit of $211m in its fiscal fourth quarter, down from $1.5bn a year earlier, as revenues fell 12% to $11.1bn — the lowest since Q3 2022.