Endeavour Group's net profits fell despite rising sales; they plan to address it with targeted discounts, cost reduction, and market share growth.
Endeavour Group, owner of Dan Murphy's and BWS, experienced a fall in net profits despite rising group sales. To address this issue, the company is employing targeted discounts, cost reduction, and market share growth. CEO Steve Donohue credits AI and machine learning for precision in promotions, and notes that online deals and loyalty programs have boosted engagement. Endeavour Group plans to expand productivity in its hotel business.
August 26, 2024
23 Articles