Business
Solomon Lew’s Premier to post record profit thanks to JobKeeper, online sales – Sydney Morning Herald
Strong online sales, along with tens of millions claimed in JobKeeper subsidies, has meant billionaire retail Solomon Lew’s Premier Investments will report a record profit.
Premier attributed the better-than-expected result to a 70 per cent rise in online sales across the second half, coming in at $123.3 million and contributing to a quarter of the company’s total second-half sales.
“Premier Retails online sales deliver significantly higher EBIT margin than the EBIT margin of the retail store network,” the company said. Second half EBIT is expected to grow between 9.7 per cent and 11.7 per cent to around $59 million.
Sales at the company’s re-opened stores since …
-
Noosa News19 hours agoTwo in five Brisbane streets have no footpaths, with council building about 4km of new paths last year
-
General20 hours ago‘Genuinely historic’: Australia and PNG sign major deal
-
General18 hours agoNZ offers blueprint for home-building productivity fix
-
Noosa News19 hours agoHow 28yo built three-property portfolio in three years