The latest loss includes $40 million in asset write-offs and redundancies.

It comes after an aggressive period of promotions and discontinued brand sales in the latter half of FY23.

Apparel, jewellery and department store sales all softened in the second half of FY23.

NRA CEO Greg Griffith said offenders should forfeit their right to privacy when committing retail crimes.

Co-founder Melanie Flintoft reported a double-digit lift in US orders recently.

The company opened over 200 stores in FY23 globally, also driving sales.

“We now have three great retail brands that are well positioned for growth," Universal Store group CEO Alice Barbery said.

The underwear brand's annual earnings have now hit $12 million, following a loss last year.

“We've found that shopping isn't restricted to 9-5, Monday to Friday,” Incu CEO Doug Low says.

This is the first large-scale launch of a new brand in Australia for some time.

Department stores sales have also grown just 1.1% across Westfield centres since 2019.

While the discount department store recorded an uplift in FY23 sales, second half trade was hit by “extremely competitive” conditions.

A Federal Government representative will also be present to discuss what the fashion industry can expect on June 30, 2024.

It comes amid shifts in the Australian dollar, affecting key market categories.

Premier Retail’s two key subsidiaries are tipped to demerge as part of a strategic review of the business.

The launch location has recorded its busiest month of foot traffic since the pandemic.