Retailer Myer and retail group Premier Investments, which oversees fashion retail brands including Just Jeans and Peter Alexander, have engaged in a public stoush as Premier led by Chairman Solomon Lew has gradually looked to increase its percentage of shares held for its retail rival.
Premier Investments, whose portfolio includes fashion retail brands such as Just Jeans, Peter Alexander and Jay Jays, have announced to investors the investment group’s FY22 results - celebrating a net profit gain of more than $280 million driven especially by online sales for the company’s brands seeing particularly strong growth across the course of the financial year.
It's been a strong start to the FY despite pandemic headwinds which have forced Premier Retail to lose over 40,000 trading days. However, its online sales have been the saving grace for the group, representing over one quarter of total sales for the period.
We identified three key strategies for retailers to meet — and exceed — shopper expectations going into peak season from BigCommerce’s 2023 Customer Experience Report: What Online Shoppers Want from Brands.