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Esprit posts $460 million loss in ‘distressing’ year

Inside Retail

Operating expenses were HK$5 billion, up 44 per cent on the prior year, which was attributed to the reversal of the provision for inventories and impairment losses. Revenue from e-commerce, wholesale and retail all dropped by 14-20 per cent, while licensing sales remained relatively stable.

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Esprit posts $300 million loss in ‘distressing’ year

Inside Retail

Operating expenses were HK$5 billion, up 44 per cent on the prior year, which was attributed to the reversal of the provision for inventories and impairment losses. Revenue from e-commerce, wholesale and retail all dropped by 14-20 per cent, while licensing sales remained relatively stable.

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Nick Scali’s net profit plunges amid Fabb Furniture acquisition

Inside Retail

million to group operating expenses in the fiscal second half. The group’s written sales orders totalled $454.2 million, which includes Fabb Furniture UK’s written sales orders of $6.8 Online written sales orders grew 17.8 per cent to $34.8 Nick Scali completed the acquisition of Fabb Furniture last May 8, which added $3.3

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Scentre Group increases security across Westfield malls

Inside Retail

. “Our decision to increase security across the portfolio and provide financial support to our business partners following the tragedy at Westfield Bondi will result in an increase in operating expenses in 2024,” said Elliott Rusanow, Scentre Group CEO. cents per security for this year, representing a 3 per cent to 5.4

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Frank And Oak Lowers Retail Operating Costs by 47% After Switching to Shopify POS

Shopify

Learn how one of Canada's leading apparel retailers reduced their operating expenses and boosted sales after making the switch to Shopify POS.

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Grove Collaborative’s DTC active customers decline amid profitability focus

Retail Dive

Operating expenses dropped 38.5% in Q3 and the company's new CEO Jeff Yurcisin told Retail Dive that reining in marketing spend is the right long-term decision.

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Harrolds exits Pacific Fair after rent negotiations fall through

Inside Retail

We have had to pull many levers during the last 12 months to mitigate the impacts of Covid-19 to our business nationally, including reducing operating expenses and attempting to negotiate revised rental agreements,” said Harrolds’ managing director Ross Poulakis.