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Adairs has entered into a binding agreement to acquire pure-play homewares retailer Mocka for approximately $80 million. Mocka operates across Australia and New Zealand and will continue to run as an independent business with the existing management team…
Homewares business Adairs delivered its first profitable year in New Zealand in FY19, with work done on the local supply chain significantly assisting sales, along with improving brand awareness. New Zealand saw sales growth of over 25 percent during FY20.…
Adairs shares have lost more than 30 percent after the homewares and manchester retailer issued another earnings downgrade, citing supply chain challenges. The company announced on Friday it had observed “an adverse change” in trading momentum since the end…
Bedding retailer Adairs says its on track to book record sales and earnings in fiscal 18, upgrading its guidance for the second time in as many months on better than expected third quarter trading. Adairs said on Thursday that strong demand for its autumn and…
Bedding retailer, Adairs, announced it will continue its international expansion next year and will roll out new stores in New Zealand and launch an international website. Mark Ronan, managing director and CEO, stated after the successful opening of their…
Bedding retailer Adairs has upgraded its guidance for FY18 after experiencing a bumper start to the financial year. Adairs CEO Mark Ronan told the market on Wednesday afternoon that year-to-date LFL sales were up 13 per cent to October 15. It’s a continuation…
Bedding retailer Adairs has enjoyed another bump with investors following its full-year result, with CEO Mark Ronan providing comprehensive guidance that momentum from 2H17 will continue into FY18. Adairs booked a 19.6 per cent decrease in net profit after…
Bedding retailer Adairs has issued its second trading update in as many months, delivering the news that like-for-like sales growth has hit double digits in the first weeks of FY18. LFL sales soared to 10.4 per cent in the six weeks to 13 August, following…
Big-box bedding retailer Adairs has turned around a weak start to FY17, advising the market this morning that it expects total sales during the second-half to increase by 8.3 per cent to $140.4 million. CEO Mark Ronan now expects to reveal full year sales of…
