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Reinvest and innovate: Key takeaways following Fenton & Fenton collapse

Inside Retail

This collapse follows the demise of Australian furniture brand Brosa late last year – which cited declining sales and cash flow pressures – as well as heightened challenges faced by small-to-medium sized retailers that are struggling to cope with rising costs, and a slowdown in foot traffic and consumer activity. The jury is out.”

Flow 243
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Last roll of the dice: How tax cuts could help stave off retail failures

Inside Retail

The prediction was pretty much on the mark with sluggish economic growth and stuttering consumer spending a factor in a slew of retail failures. That level of business closures was the highest for any year since the global financial crisis in 2008.

Other 233
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Are more discounts on the cards before Christmas?

Inside Retail

Of course, two more rate rises would follow in 2008 with the cash rate peaking at 7.25 Discounts were the order of the day, and consumers with any cash left in their wallets got a pre-Christmas treat at the shops. It’s probably too late now to adjust orders, but you can replan with pragmatism and keep that cash flow strong.

Flow 130
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Camilla CEO: β€˜I definitely didn’t have a grand career master plan’

Inside Retail

What I enjoy doing is identifying what’s unique about a business almost irrespective of the category, and working out how we can own that USP and make it best-in-class for the consumer. I taught myself cash flows; I taught myself everything there is to know about retail leasing, and some of those British leases are 35 years long.

Planning 130
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More recessions lessons from Greenlit Brands, Camilla, Super Retail

Inside Retail

And below is part two, featuring advice from Greenlit Brands CEO Michael Ford, former Target Australia CEO Launa Inman and Camilla CEO Jane McNally about the lessons they learned during the Global Financial Crisis of 2008 and how they apply to the current environment. Experience: I clearly remember the 2008 GFC. Michael Ford.

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Why Europe Can’t Kick Russian Gas

Robinson Meyer

So the security perspective is, I’m not consuming more gas, but I’m importing more because my production is declining. You don’t need too much imagination to assume that if a major conflict happens in and around Ukraine, like, the flow of gas could be interrupted through Ukraine. That’s why the U.S. That also is kind of stupid, right?

Balance 115
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America’s Energy Security Is Falling Apart

Robinson Meyer

should produce as much oil and natural gas as it consumes. Bush said in 2008. β€œIn In 2019, the country actually produced more oil than it consumed for the first time in 62 years. That almost invariably has meant asking Saudi Arabia, which geology has blessed with the world’s most agile oil reserves and which the U.S.