Nick Scali Limited
Myer and Nick Scali flag lower profits, but investors are cheering
Industry analysts had low expectations of Australian retailers for the 2024 financial year, but both companies’ trading updates may give reason to revise the pessimism.
- by Jessica Yun
Latest
Furniture and fashion shine bright despite the cost-of-living crunch
While consumers are trading down to more budget options in some retail areas, others are holding up well.
- by Emma Koehn
Nick Scali profit jumps but stock plunges
The boss of the furniture retailer says rising interest rates haven’t dampened customer appetite as much as predicted.
- by Emma Koehn
‘Sales are very strong’: Harvey Norman optimistic on consumer spending
Trading updates from major retailers including Harvey Norman suggest spending on home goods is still robust.
- by Emma Koehn
Nick Scali repays JobKeeper following political pressure
Furniture retailer Nick Scali has bowed to political pressure and agreed to pay back the $3.6 million the company received in JobKeeper.
- by Dominic Powell
Updated
Retail
Nick Scali urged to repay JobKeeper after dividend boost
Furniture retailer Nick Scali is facing fresh political heat after hiking its dividend by 60 per cent despite claiming $3.5 million in JobKeeper payments.
- by Dominic Powell
Nick Scali shares soar after lockdown spending prompts profit upgrade
Australians stuck at home in the pandemic have splurged on new lounge sets and dining tables, prompting the furniture retailer to predict a 50 per cent to 60 per cent spike in profits.
- by Dominic Powell
Nick Scali, Adairs see sales jump as customers flock back to stores
A wave of pent-up demand from shoppers has helped retailers Nick Scali and Adairs stage a swift recovery from the coronavirus lockdown.
- by Dominic Powell
HomeCo upgrades float forecast, prepares to launch new fund
Big box retail manager HomeCo has lifted its expected funds from operation for the full year on the back of an expansion of its tenancy base.
- by Carolyn Cummins
Coronavirus concerns dent supply and demand at furniture seller Nick Scali
Shoppers' concerns about the coronavirus outbreak have put a stopper on consumer confidence in the new year, the furniture retailer has warned.
- by Dominic Powell
IKEA Australia's sales stay flat-packed as losses continue
The Australian subsidiary of flatpack furniture giant Ikea has continued its loss-making operation for another year, despite more than $1.3 billion in sales.
- by Dominic Powell
Original URL: https://www.watoday.com.au/topic/nck-13b