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Overseas expansion is risky, but these Aussie retailers are doing it anyway

Inside Retail

Despite some unsuccessful forays beyond the borders of Australia and New Zealand by some retailers, there is increasing optimism about global expansion. Enhanced market analysis and management tools generated by new technology and the attraction of international customers from online platforms are no doubt key factors.

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The lowdown on Central Group – reported new owner of Selfridges

Inside Retail

It was revitalised in the 1990s under the direction of Vittorio Radice, who now runs the Rinascente chain for Central Group, and was crowned Best Department Store in the World four times between 2010 and 2018. Selfridges are a destination retailer and tourist attraction on top of simply being a department store,” he pointed out.