Latest news with #PrivateLabel
Business Wire
7 days ago
- Business
- Business Wire
Showcase Real Estate Joins Real Under Private Label Program
MIAMI--(BUSINESS WIRE)--The Real Brokerage Inc. (NASDAQ: REAX), a leading real estate technology platform redefining the industry through innovation and culture, today announced that Showcase Real Estate, a top-performing independent brokerage serving Northern California's agricultural heartland, has joined the company under its Private Label program. Led by industry veteran Donna Phelan, Showcase Real Estate brings 45 agents to Real, expanding the company's footprint in Northern California. Based in Yuba City, Showcase serves a seven-county region and has built a reputation for deep community involvement, unwavering team culture and a relationship-driven approach to real estate. Since 2018, the Showcase team has sold more than 2,170 homes valued at $826 million, including 267 transactions totaling $115 million in sales volume over the past 12 months. Founded by Phelan, who began her real estate career in relocation, she and her husband established their independent brokerage with land development, new construction and traditional resale. They carved out a niche during the 2008 recession by building a successful Real Estate Owned (REO) business, representing major financial institutions in post-foreclosure sales. 'Donna is exactly the kind of leader we love to partner with at Real,' Tamir Poleg, Chairman and CEO of Real said. 'She's entrepreneurial and deeply committed to her agents and her community. Showcase brings not only exceptional market knowledge, but also a strong internal culture and deep roots in the region.' A strong supporter of local organizations, Showcase actively contributes to a range of community causes, including the SYAR Foundation, Yuba-Sutter Food Bank, Back the Badge, Adventist Health, SoYouCan and the Chamber of Commerce. The firm operates with a close-knit, family-style culture where agents support one another, and client relationships drive business success. Showcase joins Real through its Private Label program, which offers boutique and independent brokerages the ability to maintain and grow their established local brand while leveraging Real's industry-leading AI-driven technology, agent-first philosophy and national platform. 'What drew us to Real is its belief in putting agents first and empowering them to grow. The Private Label program was the perfect solution for Showcase Real Estate, a well-established brand of 47 years in our area,' Phelan said. 'We've spent years building something truly special with Showcase, and Real gives us the tools, support and flexibility to make that vision even bigger. I believe joining Real will add value and efficiency to our agents' businesses and help them succeed like never before.' The Private Label program is designed for established independent brokerages, enabling leaders like Phelan to maintain brand equity while scaling operations with Real's support. It is available through an application process in states that allow this type of representation. About Real Real (NASDAQ: REAX) is a real estate experience company working to make life's most complex transaction simpler. The fast-growing company combines essential real estate, mortgage and closing services with powerful technology to deliver a single seamless end-to-end consumer experience, guided by trusted agents. With a presence in all 50 states throughout the U.S. and Canada, Real supports over 29,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses. Additional information can be found on its website at Forward-Looking Statements Some of the statements in this press release are "forward-looking statements," as that term is defined in the Private Securities Litigation Reform Act of 1995, including statements regarding agent growth. These forward-looking statements are subject to risks, uncertainties and assumptions, including the risk of slowdowns in real estate markets, economic and industry downturns and Real's ability to attract new agents and retain current agents. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements. They include the risks discussed under the heading 'Risk Factors' in the Company's Annual Information Form dated March 6, 2025, and 'Risks and Uncertainties' in the Company's Quarterly Management's Discussion and Analysis for the period ended March 31, 2025, copies of which are available under the Company's SEDAR+ profile at It is not possible for management to predict all the possible risks that could affect Real or to assess the impact of all possible risks on Real's business.
Yahoo
24-07-2025
- Business
- Yahoo
Refrigerated goods, beverages lead private brand growth, report finds
This story was originally published on Grocery Dive. To receive daily news and insights, subscribe to our free daily Grocery Dive newsletter. Dive Brief: Private label sales increased 4.4% in all outlets during the six months ending June 15 compared to the same period last year, according to Circana data cited in a report the Private Label Manufacturers Association released on Tuesday. National brands, in comparison, only saw 1.1% growth. Store brands hit all-time highs for market share in units and dollars, at 23.2% and 21.2%, respectively, the association noted. Refrigerated products, followed by beverages, frozen items and general food, recorded the highest sales growth among the nine store brand sections tracked, the report noted. Dive Insight: Private brands not only outpaced national ones in sales growth, but also in volume. Store brands saw a modest 0.4% uptick in unit sales during the first half of the year, while national brands slipped 0.6%, according to PLMA's findings. 'It's exciting to see store brands continue on a strong trajectory this year,' PLMA President Peggy Davies said in an announcement. 'Shoppers are clearly recognizing the unbeatable combination of quality, value, and innovation that store brands bring to the table.' Dollar and unit growth for nine sections for the 52 weeks ending June 15. Store brand food categories recorded year-over-year increases in unit and dollar sales for the 52 weeks ending in mid-June, the report noted. Meanwhile, general merchandise store brands have struggled, with year-over-year declines in unit and dollar sales. PLMA forecasts store brand sales for 2025 will approach $277 billion, up approximately 2% from the $271 billion recorded last year. Recommended Reading Is the tide shifting for grocery private brands?
Arab News
15-05-2025
- Business
- Arab News
Lulu reports Q1 2025 revenue of $2.1 billion, up 7.3% year-on-year
Lulu, the largest and fastest-growing pan-GCC full-line retailer, has announced its financial results for the three months ended 31 March. Its key highlights are: Saifee Rupawala, chief executive officer of Lulu, said: 'We are pleased to have demonstrated good growth in the first quarter of this year, with revenue up 7.3% YoY. "This was underpinned by a combination of like-for-like sales growth, supported by strong trading during the Ramadan period, and our store rollout program, which remains well on track with five stores opened in the quarter, in line with our plan to roll out a total of 20 stores in 2025. "The first quarter also saw Lulu make good progress on delivering on our overall growth strategy, supported by robust sales in Private Label and e-commerce, which remain key components of our strategy.' Rupawala added: 'Looking ahead, we expect our growth momentum to continue as we remain focused on several initiatives under each of our four key pillars, including driving growth in existing store network, opening new stores, driving operational efficiencies and delivering further upside through our private label and e-commerce offerings. "Overall, we are pleased with the performance in the first quarter, marking a good start to 2025, and we look forward to continuing to deliver on our strategy throughout the rest of the year.' Financial summary Lulu delivered revenue growth across all segments in Q1 2025, with particularly strong performances in Saudi Arabia and Oman. Other key markets also delivered solid results in Q1 2025, with revenue in Oman increasing 7.8% YoY as a result of strong growth in the electrical goods product category, Qatar up 6.7% YoY following a good trading period during festive season, and Kuwait up 4.8% YoY, with supermarket sales contributing c.50% of overall growth in the region, further supported by a strong uptick in e-commerce sales. Gross profit increased 4.0% YoY to $464.5 million, with gross margins reaching 22.3% in the period, down 70 basis points compared to the prior year. This margin reduction was mainly due to promotional campaigns to drive higher footfall into Lulu stores during the festive period. EBITDA grew 6.4% YoY to $214.1 million, supported by improved operational cost efficiencies, which helped offset the lower gross margin. As a result, Q1 2025 EBITDA margin remained broadly stable at 10.3% compared to 10.4% in Q1 2024. On a post-lease expense basis, EBITDA margin improved by approximately 8 bps, reflecting Lulu's continued operational discipline. Net profit increased by 15.8% to $69.7 million, with net profit margins improving by 25 basis points as a result of stronger EBIT margin and lower interest expense, despite higher taxes in the period. During the quarter, net debt decreased to $2.3 billion, with net debt/EBITDA improving from 3.2x in December 2024 to 2.9x at the end of Q1 2025. Excluding lease liabilities, leverage improved from 1.3x to 0.9x over the same period. Lulu continues to make good progress on delivering on its growth strategy, having rolled out five new stores in the period, delivered good LFL growth within its existing stores and also benefiting from further upside opportunities across Private Label and e-commerce sales. During Q1 2025, Lulu opened two hypermarkets and three express stores, adding 22,339 square meters of retail space in the period, with the company's total retail space up 2% to 1.34 million square meters, as at the end of Q1 2025. Within this, Lulu was pleased to open an over 10,000 square meter hypermarket in Makkah and an express store in Madinah, two uniquely located stores with high footfall given the proximity to holy sites. In addition to the two stores in KSA, Lulu also opened two express stores in the UAE, alongside a hypermarket in Bahrain. Lulu remains on track with its store rollout plans, with the company expecting to open a total of 20 stores in 2025, with the remaining 15 stores expected to open over the year. Lulu is also pleased to have signed a memorandum of understanding with Awqaf Dubai for the development of a group of retail stores as part of Dubai's endowment projects. Under the partnership, Lulu will collaborate with Awqaf Dubai on upcoming community projects to develop shopping facilities that will better serve and enhance the retail experience of residents and visitors, while also contributing to Awqaf's broader social and economic objectives. Following the successful rollout of its loyalty program across all regions in 2024, Lulu's Happiness Loyalty program continues to see good momentum in new members.
Times of Oman
15-05-2025
- Business
- Times of Oman
Lulu Retail reports Q1 2025 revenue of $2.1 billion, up 7.3% year-on-year
Muscat: Lulu Retail Holdings PLC ('Lulu' or the 'Company'), the largest and fastest growing pan GCC full line retailer, today announced its financial results for the three-month period ended 31 March 2025 ('Q1 2025'). Key highlights • Q1 2025 revenue of $2.1 billion, up 7.3% YoY, with like-for-like sales up 3.6% YoY driven by strong sales during Ramadan period and volume growth in certain product categories • EBITDA of $214.1 million, up 6.4% YoY, with EBITDA margin of 10.3%, stable vs. Q1 2024 • Net profit of $69.7m, up 15.8% YoY, with net profit margin of 3.4%, up 25bps vs. Q1 2024 • Good strategic progress with five new stores opened in Q1 2025 including in Makkah and Madinah with the target for 20 new stores in 2025 unchanged • E-commerce sales grew strongly, up 25.3% YoY to $93.4 million; now 4.7% of retail revenue • Strong growth in revenue from Private Label products, up 9.5% YoY; 29.3% of retail revenue • Happiness loyalty program members reached c.6.3 million in Q1 vs. c.5.5 million in FY24; linked to 65% of sales Saifee Rupawala, Chief Executive Officer of Lulu, commented: 'We are pleased to have demonstrated good growth in the first quarter of this year, with revenue up 7.3% YoY. This was underpinned by a combination of like-for-like sales growth, supported by strong trading during the Ramadan period, and our store rollout programme, which remains well on track with five stores opened in the quarter, in line with our plan to rollout a total of 20 stores in 2025. The first quarter also saw Lulu make good progress on delivering on our overall growth strategy, supported by robust sales in Private Label and e-commerce, which remain key components of our strategy.' 'Looking ahead, we expect our growth momentum to continue as we remain focused on several initiatives under each of our four key pillars, including driving growth in existing store network, opening new stores, driving operational efficiencies and delivering further upside through our private label and e-commerce offerings. Overall, we are pleased with the performance in the first quarter, marking a good start to 2025, and we look forward to continuing to deliver on our strategy throughout the rest of the year.' Financial summary Revenue performance driven by LFL sales and new store expansion • Revenue grew a healthy 7.3% YoY to $2.1 billion in Q1 2025 driven by LFL sales growth of 3.6%, supported by strong trading during the Ramadan period. The good revenue performance was also driven by new store openings and high-volume growth across certain product categories, particularly in fresh food and lifestyle products. • Fresh food category revenue grew 7.9% YoY in the first quarter, driven by the Ramadan period, improved consumption trends. • Electrical goods category witnessed revenue growth of 29.0% YoY, mainly due to an increase in sales across higher value items. • Lifestyle products grew 6.9% YoY despite pressure as customers opted for more value products. • Consumer Packaged Goods (CPG) sales grew steadily at 1.4% YoY, with the sales increase mainly driven by strong volume growth, which was partly offset by some pricing pressure as a result of promotional campaigns. • E-commerce remains an important component of Lulu's growth strategy, with sales +25.3% YoY and customer count +26.1% YoY. Segment revenue performance driven by growth across all markets • Lulu delivered revenue growth across all segments in Q1 2025, with particularly strong performances in KSA and Oman. • The UAE, Lulu's largest market, recorded a mid-single digit revenue increase of 5.2% YoY, led by particularly strong performance in the fresh food segment, which grew 15.6% YoY. This was further supported by strong e-commerce sales in the UAE which saw robust growth, rising 40.1% YoY, supported by an increase in sales through aggregators. • In the Kingdom of Saudi Arabia, revenue rose by 10.3% YoY, primarily driven by new store openings in last 12 months and strong LFL growth. Other key markets also delivered solid results in Q1 2025, with revenue in Oman increasing 7.8% YoY as a result of strong growth in the electrical goods product category, Qatar up 6.7% YoY following a good trading period during festive season, and Kuwait up 4.8% YoY, with supermarket sales contributing c.50% of overall growth in the region, further supported by a strong uptick in e-commerce sales. Profitability margins supported by cost efficiencies amidst promotional activity Gross profit increased 4.0% YoY to $464.5 million, with gross margins reaching 22.3% in the period, down 70 basis points compared to the prior year. This margin reduction was mainly due to promotional campaigns to drive higher footfall into Lulu stores during the festive period. EBITDA grew 6.4% YoY to $214.1 million, supported by improved operational cost efficiencies, which helped offset the lower gross margin. As a result, Q1 2025 EBITDA margin remained broadly stable at 10.3% compared to 10.4% in Q1 2024. On a post-lease expense basis, EBITDA margin improved by approximately 8 bps, reflecting Lulu's continued operational discipline. Net profit increased by 15.8% to $69.7 million, with net profit margins improving by 25 basis points as a result of stronger EBIT margin and lower interest expense, despite higher taxes in the period. Robust balance sheet During the quarter, net debt decreased to $2.3 billion, with net debt/EBITDA improved from 3.2x in December 2024 to 2.9x at the end of Q1 2025. Excluding lease liabilities, leverage improved from 1.3x to 0.9x over the same period. Strategic progress Lulu continues to make good progress on delivering on its growth strategy, having rolled out five new stores in the period, delivered good LFL growth within its existing stores and also benefitting from further upside opportunities across Private Label and e-commerce sales. During Q1 2025, Lulu opened two hypermarkets and three express stores, adding 22,339 sqm of retail space in the period, with the Company's total retail space up 2% to 1.34 million sqm, as at the end of Q1 2025. Within this, Lulu was pleased to open a 10k+ sqm hypermarket in Makkah and an express store in Madinah, two uniquely located stores with high footfall given the proximity to religious landmark cities in KSA. In addition to the two stores in KSA, Lulu also opened two express stores in the UAE, alongside a Hypermarket in Bahrain. Lulu remains on track with its store roll out plans, with the Company expending to open a total of 20 stores in 2025, with the remaining 15 stores expected to open over the course of the year. Lulu is also pleased to have signed a Memorandum of Understanding (MOU) with The Endowment and Minors Trust Foundation (Awqaf Dubai) for the development of a group of retail stores as part of Dubai's endowment projects. Under the partnership, Lulu will collaborate with Awqaf Dubai on upcoming community projects to develop shopping facilities that will better serve and enhance the retail experience of residents and visitors, while also contributing to Awqaf's broader social and economic objectives. Following the successful roll out of its loyalty program across all regions in 2024, Lulu's Happiness Loyalty programme continues to see good momentum in new members, having added c.904k new members in Q1 2025. Lulu now has a total of c.6.3 million loyalty members enrolled onto the program compared to the c.5.5 million at the end of 2024, with the loyalty program linked to c.65% of sales. A conference call to present earnings, followed by a Q&A session with management will be held on Wednesday 14 May 2025 at 14.00 (GST) / 11.00 (BST). Interested parties are invited to join the call by clicking here.
Business Wire
14-05-2025
- Business
- Business Wire
NIQ: APAC Consumers Embrace Private Labels, While Name Brands Sustain Their Strength
SINGAPORE--(BUSINESS WIRE)--NielsenIQ (NIQ), a leader in consumer intelligence, today released new insights from its Finding Harmony on the Shelf: 2025 Global Outlook on Private Label and Branded Products study, revealing that Asia Pacific consumers are redefining their brand preferences. Drawing from responses of over 17,000 consumers across 25 markets — including Australia, China, India, Indonesia, Singapore, South Korea, and Thailand — the report reveals how consumers in Asia Pacific are reshaping their perceptions of private labels and branded products. While private labels are gaining trust and acceptance, branded products continue to hold strong emotional and quality-driven loyalty, creating new opportunities for growth on both sides. According to the report, more than half (54%) of APAC consumers say they are more likely to buy private label products than ever before, with the trend strongest in Thailand (64%), India (61%), China (56%), and Indonesia (55%). While private labels were once viewed mainly through the lens of availability, consumer perceptions are shifting toward value, quality, and community support. Meanwhile, branded products continue to hold significant strength in the minds of consumers. Superior quality remains the top expectation among APAC consumers when choosing branded goods, supported by expectations for wide assortment, omni-channel availability, and strong brand reputation. These attributes reinforce the enduring appeal of established brands across the region. 'Asia Pacific's retail landscape is evolving, and we see both private labels and branded products carving unique but complementary spaces on the shelf,' said Terence Colle, Managing Director of Strategic Analytics & Insights for Asia Pacific at NIQ. 'The brands that succeed will be those that recognize the strengths each brings to consumers — whether it's value and local relevance or quality and prestige — and embrace opportunities for growth together.' Symbiosis: Growing Together, Not Apart Rather than competing head-to-head, private labels and branded products can unlock greater value through symbiotic dynamics. NIQ's study highlights key ways in which they can thrive together: Brand halo effect: Private labels can build trust by standing alongside trusted name brands. Increased traffic: Interest in private labels can boost overall store traffic, benefiting all brands. Price anchoring: Premium brand pricing can set the stage for private labels to appeal on value. Market expansion: Growth in private labels can help expand categories and open new opportunities for brands. This evolving dynamic suggests that brands and retailers who embrace collaborative growth — rather than direct competition — can tap into new opportunities and strengthen their long-term success in the Asia Pacific region. About the Report Finding Harmony on the Shelf: 2025 Global Outlook on Private Label and Branded Products is based on a global NIQ study conducted between December 2024 and January 2025, covering 25 markets including Australia, China, India, Indonesia, Singapore, South Korea, and Thailand. The respondents include consumers who often make shopping decisions on behalf of their households and agreed to participate in this survey. The sample for each country incorporated age and gender quotas aligned with respective census data, while ensuring that each demographic group maintained a statistically reliable base size. Click here to download a copy of the full global report. About NIQ NielsenIQ (NIQ) is a leading consumer intelligence company, delivering the most complete understanding of consumer buying behavior and revealing new pathways to growth. NIQ combined with GfK in 2023, bringing together two industry leaders with unparalleled global reach. Our global reach spans over 90 countries covering approximately 85% of the world's population and more than $ 7.2 trillion in global consumer spend. With a holistic retail read and the most comprehensive consumer insights—delivered with advanced analytics through state-of-the-art platforms—NIQ delivers the Full View™. © 2025 Nielsen Consumer LLC. All Rights Reserved.
