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NEW YEAR, NEW LOOK: HYATT CENTRIC SOUTH BEACH MIAMI DEBUTS ELEVATED STYLE AND LUXURYSome high-flying ASX stocks could be key for creating wealth over the long-term. I'm excited by the potential of ( ) to grow into a much bigger business and help Aussies get closer to millionaire status. Now priced at $11.81, shares in the online retailer have climbed around 7,300% since 6 January 2017. This would have turned a $10,000 investment into $740,000. I'm not expecting another 7,000% in the next seven years. However, over the long-term, I do believe that the company has significant to become a much larger and more profitable business. This online retailer of homewares and furniture has reasons. Temple & Webster estimates it had a market share of just over 0.5% of the Australian furniture and homewares market in FY19, and this has grown to 2.3% in FY24. Part of its success is that, by being online, it's able to offer a huge product range – more than 200,000 products, in fact. Many are shipped directly by suppliers, which means the ASX stock doesn't require the warehouse or inventory investment to facilitate those sales. This enables the business to have an asset-light model. Temple & Webster notes that its category is experiencing a once-in-a-generation shift from offline to online. According to the company, millennials and Generation Z are driving online channel adoption. The Australian level of online penetration for furniture and homewares is approximately 20%, noticeably lower than the United States, United Kingdom, and other higher-penetrated categories. If the company can simply maintain its market share of sales, then it should do well out of the migration. As it becomes larger, its customer offering can improve around its range, pricing, data and personalisation, content, service and delivery experience. Temple & Webster has already delivered a lot of revenue growth. In , it achieved $498 million which was 26% higher than the year before. Its revenue has grown at a of 34% since 2017. That's impressive, in my opinion. Depending on its growth rate, the company aims to reach at least $1 billion in annual sales between FY26 and FY28. Within that $1 billion target, it is targeting a market share of 4.2% (up from 2.3% in FY24). The company expects its market share to grow to 15%. Overall, its core furniture and homewares segment is aiming for at least $800 million of the $1 billion sales target. The ASX stock also has multiple 'growth plays'. One is its business-to-business offering, and the other is its home improvement segment called TheBuild, where it sells products like plumbing, kitchen appliances, sinks, curtains and blinds, tiles, heating and cooling, wallpaper, and so on. Management hopes this segment will contribute at least $200 million of the $1 billion sales target. I expect revenue to continue growing strongly to 2026 and beyond, but even more importantly, I believe profit margins can climb. This will enable the bottom line profit to climb significantly. As the business grows, its fixed costs as a percentage of revenue are expected to decrease. In FY24, fixed costs decreased to 11% of revenue, down from 12% in FY23. It has a target of 6% of revenue by 28%. Another margin-improving move by the company is utilising AI for product content generation, recommendations, and live chat. This has led to an improvement in conversion and a $4 million improvement in annualised cost of doing business (CODB) savings. Growing its level of orders from repeat customers is expected to help lower marketing costs of overall revenue. In FY24, the ASX stock achieved a business as usual (BAU) operating profit ( ) margin of 4.6%. It's aiming for a BAU EBITDA margin of at least 15% in the long term. If the company can deliver on its margin improvement goals, it'll become a pleasingly profitable business with much higher revenue, which could drive the Temple & Webster share price higher.How Is Gold Taxed?

Trump says Microsoft’s Bill Gates wants to meetFox News Flash top sports headlines are here. Check out what's clicking on Foxnews.com. Player safety has recently become a topic of conversation in the sports world, and the NBA is the latest major professional league to raise awareness as it relates to home security. The league sent a memo to team officials after Milwaukee Bucks forward Bobby Portis and Minnesota Timberwolves guard Mike Conley were victims of home invasions. The Associated Press obtained a copy of the memo. The NBA noted that the FBI believes a number of the burglaries were connected to "transnational South American Theft Groups" that are "reportedly well-organized, sophisticated rings that incorporate advanced techniques and technologies, including pre-surveillance, drones, and signal jamming devices." CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM A basketball is seen on the court next to the NBA logo during a break in the first half of a Summer League game between the Portland Trail Blazers and the Houston Rockets at the Thomas & Mack Center in Las Vegas on July 7, 2023. (Ethan Miller/Getty Images) Conley's home was broken into on Sept. 15 as he attended a Minnesota Vikings game against the San Francisco 49ers. The Timberwolves guard participated in the Vikings' traditional pregame festivities as he helped fire up the more than 66,000 fans inside U.S. Bank Stadium in Minneapolis, but while Conley was attending the game, his home in Medina, Minnesota, several miles away, was targeted by thieves, police said. Burglars left the property with jewelry, the Minneapolis Star-Tribune reported at the time. NFL ISSUES SECURITY WARNING AFTER BURGLARIES AT MAHOMES, KELCE'S HOMES LINKED TO 'ORGANIZED' GROUP: REPORTS Medina Police Chief Jason Nelson noted that Conley's property was one of three home burglaries that authorities investigated on the same day. All the homes were unoccupied at the time the break-ins occurred. Meanwhile, Portis said his home was broken into on Nov. 2 and has offered a $40,000 reward for information related to the incident. Milwaukee Bucks forward Bobby Portis dunks against the Miami Heat during Game 2 of their first-round playoff series at Fiserv Forum in Milwaukee on April 19, 2023. (AP Photo/Aaron Gash) Elsewhere, the homes of Kansas City Chiefs stars Patrick Mahomes and Travis Kelce were broken into within days of each other last month, according to law enforcement reports. The NFL issued a similar warning memo to its teams this week. "Obviously, it’s frustrating, disappointing, but I can’t get into too many of the details because the investigation is still ongoing," Mahomes recently said. "But, obviously, something you don’t want to happen to anybody, but obviously yourself." The NBA logo is seen on a backboard before the game between the Houston Rockets and the Miami Heat at Toyota Center in Houston on April 5. (Troy Taormina-USA TODAY Sports) The NBA's memo, relaying information from the FBI, said the theft rings "are primarily focused on cash and items that can be resold on the black market, such as jewelry, watches, and luxury bags." CLICK HERE TO GET THE FOX NEWS APP The league, which has also been giving guidance to team security personnel, recommended that players install updated alarm systems with cameras and utilize them whenever leaving the home; keep valuables in locked and secured safes; remove online real estate listings that may show interior photos of a home; and "utilize protective guard services" during extended trips from the home — and even suggested having dogs assist with home protection. The Associated Press contributed to this report. Follow Fox News Digital’s sports coverage on X , and subscribe to the Fox News Sports Huddle newsletter . Chantz Martin is a sports writer for Fox News Digital.SALT LAKE CITY (AP) — A Department of Homeland Security agent who the FBI says conspired with another agent to sell an illicit drug known as “bath salts” pleaded not guilty to a drug distribution conspiracy charge Friday in federal court. A grand jury in Salt Lake City brought the criminal charge against Special Agent David Cole of the Homeland Security Investigations unit earlier this week. The indictment alleges that Cole abused his position as a federal law enforcement agent to obtain and sell drugs for profit. If convicted, he faces a maximum penalty of 20 years in prison. Cole took drugs that had been seized as evidence, telling colleagues he was using them for legitimate investigations, and instead sold them to a confidential informant who resold the drugs for profit on the streets of Utah, according to the indictment. The informant, who has a lengthy criminal history, had been recruited by federal agents to work for them upon his release from prison. But in addition to conducting controlled buys from suspected drug dealers as directed by investigators, the informant said he was compelled by Cole and another agent to also engage in illegal sales. The investigation began after the informant’s defense attorney contacted the U.S. Attorney in Utah in October to report that agents had required him to engage in potentially illegal acts dating from last spring to early December. Details of drug sales offered by the informant were confirmed through surveillance and other sources, the FBI said. Cole and the second agent — identified in court documents only as “Person A” — profited up to $300,000 from the illegal scheme, according to an FBI affidavit filed in the case. FBI spokesperson Sandra Barker said Friday that “Person A” had not been arrested or charged, but the investigation was ongoing. Cole, 50, of South Jordan, Utah, entered the courtroom Friday handcuffed and hunched over, wearing a white and gray, striped jumpsuit. U.S. Magistrate Judge Dustin Pead accepted Cole's not guilty plea and scheduled a trial for the week of Feb. 24. Federal officials say Cole’s indictment sends a message that officers who break the law and undermine the public’s trust in law enforcement will be prosecuted. “A drug dealer who carries a badge is still a drug dealer — and one who has violated an oath to uphold the law and protect the public,” said Nicole Argentieri, head of the U.S. Justice Department’s Criminal Division. "No one is above the law.” Special Agent Shohini Sinha, who leads the FBI's Salt Lake City field office, said Cole’s alleged actions helped fuel an already devastating drug crisis . Ingestion of synthetic bath salts, also known as Alpha-PVP or cathinone, can lead to bizarre behavior such as paranoia and extreme strength, according to authorities who say it’s similar to methamphetamine, cocaine or ecstasy. They are unrelated to actual bathing products. Cole’s attorney, Alexander Ramos, has declined to directly address the criminal allegations but said his client has a strong reputation within the federal law enforcement community. Ramos did not immediately respond Friday to emails seeking comment on the not guilty plea. The Homeland Security Investigations department where Cole worked conducts federal criminal investigations into the illegal movement of people, goods, money, weapons, drugs and sensitive technology into, out of and across the U.S. Cole and the second agent had their credentials suspended but have not been fired, according to court documents.

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