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Nick Scali Limited

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Myer’s trading update on the first half of the 2024 financial year was pleasing to investors.

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.

  • Jessica Yun

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Burberry is among the brands sold on the Cettire platform.

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.

  • Emma Koehn
Nick Scali Furniture chief executive Anthony Scali.

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.

  • Emma Koehn
Harvey Norman executive chairman Gerry Harvey.

‘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.

  • Emma Koehn
Nick Scali’s board, helmed by CEO Anthony Scali has agreed to pay back $3.6 million in JobKeeper.

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.

  • Dominic Powell
Nick Scali managing director Anthony Scali.

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. 

  • Dominic Powell
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Nick Scali chief executive Anthony Scali.

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.

  • Dominic Powell
Adairs has seen a jump in trade following store reopenings in May.

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.

  • Dominic Powell
A ringing endorsement: David Di Pilla kicks of the HomeCo float as fellow director Zac Fried looks on.

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.

  • Carolyn Cummins
Nick Scali managing director Anthony Scali has warned the coronavirus could dent consumer confidence.

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.

  • Dominic Powell

Original URL: https://www.watoday.com.au/topic/nck-13b