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What Rite Aid’s collapse reveals about the challenges of pharmacy retail

Inside Retail

Since filing for bankruptcy last week, pharmaceutical retail chain Rite Aid has received interim approval to access up to US$3.45 The fall of the pharmaceutical retail chain Rite Aid isn’t the only pharmaceutical retailer in the US that is facing financial challenges.

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Retail crime: Why foiling shoplifters takes a team effort

Inside Retail

The study reveals a worrisome trend: All major categories of retail crime have increased since the previous study conducted in 2019. However, what’s particularly alarming is the substantial rise in the costs attributed to customer theft, which have surged by 20 per cent between 2019 and 2022. What deters shoplifters?

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Rebel MD Gary Williams on taking experiential retail to the next level

Inside Retail

“I think this really takes us to another level, especially being in the sporting capital of Australia,” Gary Williams, Rebel’s managing director, told Inside Retail. Focus on ‘her’ Williams initiated the RCX project shortly after joining Rebel in 2019. It’s not an easy nut to crack. work in the current environment.

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Retail appointments of the week

Inside Retail

Best and Less, The Reject Shop CEOs depart By Rakshnna Pattabiraman The CEOs of two discount retail chains — The Reject Shop and Best & Less Group — have stepped down with immediate effect today citing personal reasons. Huddle said the company has the “right strategy in place” to deliver long-term growth.

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Retail appointments of the week

Inside Retail

New CEO at Go Vita By Aron Lewin Australian health food retail chain Go Vita Group has appointed Ann Cattelan as the new chief executive officer, effective 1 February. “In the current environment, where cost of living pressures are front of mind, helping all Australians with some extra cash in their wallet is more beneficial than ever.”

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Analysis: The driving force behind Hong Kong’s retail revolution

Inside Retail

Statista, 2021) According to a digital retail survey conducted by KPMG and YouGov in 2019, 77 per cent of mainland respondents described themselves as “tech savvy.” billion yuan in 2019. According to a recent white paper on the state of AI in Hong Kong, many retailers are still at the early stages of their digital journeys.

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Why a major rent reset didn’t occur following the Covid-19 pandemic

Inside Retail

There was a temporary panic, which enabled large retail chains to exert pressure on their landlords to drop rents or face store closures. per cent higher than last year, and about the same percentage above what it was in mid-2019. Retail faces no such issue, or at least no fresh issues that weren’t present before.