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.

“It is significant that we are beginning the new financial year on stable footing," Co-founder, CEO and MD Martin Hosking said.

Founder Ruslan Kogan said the company has returned to sustained and increasing underlying profitability in the second half.

“We needed a disruptive and distinctive change," Trenery GM Melanie Remai says.

“FY23 has been a year of resilience and growth at Vicinity,” CEO and MD Peter Huddle said.

The leading winner also took home two other trophies.

“We acknowledge there’s still so much for us to do," Kmart CEO John Gualtieri said.

A demerger is on the cards for Premier as the review process begins.

The footwear brand previously worked with leather made from pineapple.

Stores converted to rCX formats have doubled their sales from FY20 to FY23.

It is the only large retailer operating in Australia to rank in the top 10 this year.

The womenswear retailer secured 240 new hires in its last recruitment drive.