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1 month ago | 
insideretail.com.au | Sean Cao |Celene Ignacio |Tamera Francis |Shanthi Murugan
Sportswear and skateboard brand Globe International has reported a decline in sales for the fiscal first half, which management attributed to the planned transition into a higher-margin brand portfolio. The company’s revenue for the six months ended December 31 fell 12 per cent year-on-year to $95.3 million. The decline was due to the company’s decision to discontinue less profitable brands that contributed $15 million in revenue in the prior year.
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1 month ago | 
insideretail.com.au | Celene Ignacio |Tamera Francis |Shanthi Murugan
Endeavour Group’s net profit declined in the first half, impacted by the Victorian supply chain disruption during the peak end-of-year trading period. The group’s net profit fell 15.1 per cent to $298 million while sales slid 0.7 per cent to $6.62 billion. Retail sales declined 1.5 per cent to $5.5 billion, attributed to subdued consumer spending and an estimated $40 million to $50 million loss from the industrial action of Woolworths workers.
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1 month ago | 
insideretail.com.au | Celene Ignacio |Tamera Francis |Shanthi Murugan
Oliver’s Real Food hopes its engagement with landlords over the next six months will lead to better outcomes as it navigates a challenging trading environment amid global geopolitical movements. “Automatic increases in rents, increased labour and energy costs will make trading conditions very challenging in the months ahead,” said the fast food restaurant.
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1 month ago | 
insideretail.com.au | Celene Ignacio |Tamera Francis |Shanthi Murugan
Harvey Norman’s system sales increased 4 per cent to $4.83 billion in the first half on the back of positive results in most markets, with the UK posting the highest growth rate. The furniture and consumer electronics retailer’s UK sales surged 39.7 per cent while Slovenia and Croatia sales grew 7.4 per cent. Australian franchisees saw sales rise 5.5 per cent while Ireland and Malaysia sales went up 5.4 per cent and 4.4 per cent, respectively.
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2 months ago | 
insideretail.asia | Irene Dong |Shanthi Murugan |Tamera Francis |Celene Ignacio
Porsche is expanding its retail presence in Singapore by introducing the ‘Porsche at Jewel’, following the introduction of the Singapore Studio last year. The Jewel Changi Airport location is set to debut in the second half of this year and will feature car exhibits, Baker & Cook cafe treats, and Porsche Design and Lifestyle collections.
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2 months ago | 
insideretail.asia | Kaycee Enerva |My Nguyen |My Nguyễn |Shanthi Murugan |Tamera Francis
Japanese eyewear brand Jins has opened its latest concept store in the US, located on Abbot Kinney Boulevard in Los Angeles’ trendy Venice district. Architects Fumiko Takahama and Tomohiko Komatsu designed the new Jins Abbot Kinney store, drawing inspiration from the intimate and cozy scale and textures of traditional Japanese tea houses.
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2 months ago | 
insideretail.asia | Celene Ignacio |Anil Prabha |Shanthi Murugan |Tamera Francis
Gucci has concluded its collaboration with creative director Sabato De Sarno, weeks before the Milan Fashion Week Fall/Winter 2025 scheduled on February 25. Gucci said that the new collection will be presented by the brand’s design office. De Sarno stepped into Gucci as a creative director in 2023, following his over a decade-long career at Valentino. “I would like to express my deep gratitude to Sabato for his passion and dedication to Gucci,” said Stefano Cantino, CEO at Gucci.
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2 months ago | 
insideretail.asia | Celene Ignacio |Michael Baker |Anil Prabha |Shanthi Murugan
Domino’s Pizza will shut 172 loss-making stores in Japan in a bid to boost profitability. “Some of our Covid-period expansion resulted in stores that simply weren’t optimal based on our current customer proposition and removing them will strengthen our network,” said Mark van Dyck, Domino’s Pizza Enterprises CEO and MD. Of the 172 stores to be closed, 58 are franchised, while 114 are corporate-owned.
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2 months ago | 
insideretail.co.nz | Sean Cao |Anil Prabha |Shanthi Murugan |Tamera Francis
Capri Holdings reported a loss for the third fiscal quarter amid a double-digit sales decline. The company’s revenue for the quarter ended December 28 fell 11.6 per cent to $1.26 billion. It swung to an operating loss of $590 million and net loss of $547 million. Chairman and CEO John D Idol said the results were disappointing, citing that the overall business remained challenged. “We are reevaluating our strategic initiatives to improve current sales trends.
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2 months ago | 
insideretail.co.nz | Celene Ignacio |Anil Prabha |Shanthi Murugan |Tamera Francis
Pandora’s ANZ GM Travis Liddle will step down from the role at the end of this month after 4.5 years with the company. Initially sales director within the Pacific Greater Asia cluster, he assumed the GM role in September 2023. “Leaving Pandora and this incredible team has not been an easy decision,” he said in a statement. “I’m proud of what we’ve achieved and excited to see the Pandora ANZ cluster thrive under new leadership.
