Business

Pretty Little Thing a formidable force in fashion

PrettyLittleThing, often abbreviated as PLT, is a popular online fashion retailer that has gained a massive following in recent years. Founded in 2012 by Umar Kamani, PrettyLittleThing started as a small website selling affordable clothing for women. Today, the brand has grown into a global fashion empire with a presence in over 195 countries, and it’s known for its trendy and affordable clothing.

One of the things that sets PrettyLittleThing apart from other fashion retailers is its commitment to inclusivity. The brand caters to women of all shapes and sizes, and its clothing ranges from petite to plus-size. PrettyLittleThing’s website features a diverse array of models of different ethnicities and body types, showcasing the clothing in a way that feels accessible and relatable to all.

Another aspect of PrettyLittleThing’s appeal is its extensive range of styles. Whether you’re looking for something edgy and on-trend or classic and feminine, you’re likely to find something that suits your tastes on their website. The brand releases new collections and styles frequently, so there’s always something fresh and exciting to discover.

In addition to their clothing, PrettyLittleThing also offers a variety of accessories, shoes, and beauty products. The brand’s selection of accessories is particularly impressive, with options ranging from statement earrings and necklaces to trendy handbags and sunglasses.

When it comes to pricing, PrettyLittleThing is known for its affordable prices. The brand often runs sales and promotions, and it’s not uncommon to find items priced at under $20. This accessibility has made the brand particularly popular among young women and college students who are looking for fashionable clothing without breaking the bank.

One of the potential downsides of shopping with PrettyLittleThing is the quality of the clothing. While some items are well-made and durable, others may not hold up as well over time. However, this is a common tradeoff with fast fashion brands, and it’s something to keep in mind when shopping. Make sure you use a PLT discount code to save on your purchse.

Overall, PrettyLittleThing is a fashion brand that offers trendy, affordable clothing for women of all sizes and styles. With its commitment to inclusivity and diverse selection of clothing and accessories, it’s easy to see why the brand has become so popular in recent years.

Suppy issues plague Super Retail

Super Retail Group, the parent company of BCF and Rebel, says its supply chains are becoming too busy to handle the influx of goods.
The retailer said it had a massive increase in inventory to combat the effects of the COVID-19 scare and other supply chain issues.
Super Retail Group said on Monday that the rising costs of doing business could threaten its gross margin in the second half of the year.
Despite beating analyst expectations, Super Retail’s shares fell almost 3 percent in early afternoon trade.
Aequitas Investment Partners‘ said the company’s inventory build-up and tight working capital conditions raised concerns about the sustainability of the recovery.
Super Retail was one of the companies that raised prices to pass on the higher costs to its customers.
The retailer also showed how the coronavirus scare affected its in-store sales. However, after the concerns eased, customers started returning.
For the half-year to Christmas, Super Retail’s profit fell 36 percent to $110.8 million. Sales declined 4 percent to $1.7 billion.
The company’s results were significantly higher than those recorded before the outbreak.
Super Retail’s like-for-like sales were down 4.8 percent in the December quarter, excluding the impact of store closures and openings. The sales decline was mainly caused by the closures in Victoria and NSW.
The company noted that the rise of the omicron variant affected sales in January. It was also negatively affected by the lower foot traffic in its Rebel stores.
The company’s stock build-up increases the risk of not having enough inventory to capture sales. It also affects the cash flows of the company.
In response to the supply chain disruptions and the uncertainty of the situation, the company has increased its inventory levels.
During a conference call, Super Retail’s management noted that the cost of doing business had risen significantly over the past year.
Living Styles are also experiencing a supply squeeze with delays with shipping. You can still save on your purchase from Adairs with an Living Styles discount code.

Booktopia achieves strong growth

As the global book business turns away from bricks and mortar stores and towards e-commerce, online bookseller Booktopia is aiming for $1 billion in sales — $500 million in Australia and $500 million elsewhere.
Following a jump in demand during the pandemic, co-founder and CEO Tony Nash is exploring for acquisitions in retailing, publishing, and distribution both locally and internationally to boost the group’s existing activities and underpin further expansion.
Simultaneously, the erstwhile family-controlled firm aims to increase its earnings margin (EBITDA to sales) to 10% by 2021, up from 6.1 percent in 2018, implying earnings of $50 million if sales targets in Australia are met and $100 million if global goals are met.
After growing 20% to 6.45 million items in 2020, the online book shop is giving Amazon still competition, increasing the number of books shipped by 27% to 8.2 million in 2021.

Sales for the fiscal year ended June 30 increased 35.1 percent to $223.9 million, exceeding revised estimates of $217.6 million and a prospectus prediction of $204.5 million.
The number of active consumers increased by 300,000 to 1.8 million, with an average spend per customer of $126.85, up from $111.43 the year before, and an average order value of $71.07, up from $65.08.

Booktopia’s main competitor is Amazon and Angus & Robertson. Angus & Robertson has also achieved huge growth. Use a Angus & Robertson to save when you shop at Angus & Robertson.

Are retail sales better than last year?

It’s with much surprise that evidence from surveys completed recently have shown that many retailers have a very optimistic view of the year to come and many are actually currently performing better now than at the same time last year. In fact, over 75% of respondents are confident that their business wil survive the next 12 months at least. This is an interesting result considering the huge impact that Covid 19 has had on the economy and consumer buying behaviour.

This is according to Retail New Zealand, the industry association that oversees the sector.
It reported that in September, sales were actually up 19.6% over last year. Despite this large increase, the retail sales were still 2.7% down on sales between March and September last year. However, considering the crisis faced by New Zealanders and the world as a whole, it is a relatively good result.

Many retailers have benefited from a transformation of their business to an online model. This was a new way of doing business for many however it was a required quick learning curve for some in order to survive the brutal trading environment.

One big contributor to the survival of many businesses was the government wage subsidies which allowed businesses to keep their employees rather than lay them off.

One online business that performed exceptionally well was Onceit. Onceit is an online store with a wide variety of products available and with a Onceit coupon you can really save!