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1、AnnuAl RepoRt 2022AcknowledgementBest&Less Group acknowledges the Traditional Custodians of Country throughout Australia and NewZealand and recognises their continuing connection to land,waters,and community.We pay our respects to them and their cultures,and to Elders past,present,and emerging.Conte
2、ntS2022 Highlights 3Letter from the Executive Chair 4Group CEOs Report 6Operational Highlights 10Environmental,Social&Governance 12Board of Directors 14Executive Leadership Team 16Financial Report 17Shareholder Information 109Corporate Directory IBC.auBest&Less was founded by Berel Ginges in May 196
3、5 with the opening of the companys first store in the Sydney suburb of Parramatta.Now operating 182 stores1 across Australia,Best&Less seeks to provide our target customers,1854 year old women with children,with everyday low prices,a high level of customer service,a convenient shopping experience an
4、d access to high-quality,affordable everyday basics and on-trend products under the proposition of“twice the quality at half the price”.For more information,visit .au Postie is a NewZealand value apparel retailer with a unique 112-year heritage,starting with our first store on the West Coast of the
5、South Island in 1909.Postie operates 61 stores1 across NewZealand and a significant online business,targeting value conscious families buying baby and kids apparel.Posties growth strategy and customer value proposition is aligned with Best&Less,and our competitive advantage lies in our ability to us
6、e BLGs infrastructure,buying power,capability and scale.For more information,visit www.postie.co.nz/OUR BRANDSBest&Less Group Holdings Limited(BLG)is a leading value apparel specialty retailer in Australia and NewZealand,with a network of 243 physical stores1 and an online platform across our two br