Inside Retail

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Booktopia cashflow improves despite lean months

Inside Retail

Booktopia Group says it has delivered a positive cash flow of $781,000 in the March quarter, thanks to cost-saving and efficiency efforts. The positive cash flow came despite what is traditionally a relatively lean trading period in line with the softer performance of the book market at the start of the calendar year and a quieter season for consumer goods retailers, following the Black Friday, Cyber Monday, and Christmas sales events.

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Environmental activism in retail: Are consumers getting bagged?

Inside Retail

Many countries in Asia and around the world have already regulated so-called ‘single-use’ plastic bags out of existence, or have imposed strong disincentives to their use that are likely just steps along the way to banning them completely. Enforcement has been a bit patchy to say the least, and because consumers love them for their convenience and ease of use some retailers still dole them out.

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Three key takeaways from the World Retail Congress

Inside Retail

More than 850 retail leaders from over 60 countries gathered in Paris this week for the annual World Retail Congress. Running from April 16-18, the event brings together senior executives to share insights and ideas about how to drive growth in a rapidly changing industry. On the first day of the conference, attendees heard from French grocery giant Carrefour Group chair and CEO Alexandre Bompard, former Walmart International CEO Judith McKenna, Kmart Group CEO Ian Bailey and many more.

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Automating PIF management minimises the risk of food recalls

Inside Retail

As the food and beverage sector strives to navigate the complex landscape of regulatory requirements, ensuring accurate product information and timely compliance using modern, digital tools has become paramount for maintaining brand integrity and safeguarding consumer health. Food recalls impact brand image and profit Food Standards Australia New Zealand (FSANZ) coordinated 791 food recalls between 2013 and 2022, with 87 per cent consumer-initiated and 13 per cent trade-initiated.

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Will Harry’s reported IPO be different from other popular retail brands?

Inside Retail

According to a report by Reuters on March 7, US-based consumer packaged goods (CPG) company Harry’s Inc has confidentially filed for an initial public offering (IPO) with the help of major investment banks, including Goldman Sachs, JPMorgan, Barclays, and Wells Fargo. The company launched its namesake men’s grooming brand in 2013 with a subscription-only online model and differentiated product offering.

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The unexpected impact of international retail disrupters Temu and Shein

Inside Retail

While Australia has its own unique retail ecosystem, the ripples of what happens in the US often hit our shores. That typically includes the ‘Super Bowl of advertising’: the actual Super Bowl. Along with the usual celeb-studded ads, this year there was something else that made people take note. Chinese-based online marketplace Temu had not one, but two ads in the main game broadcast on CBS with a total of six ads during the game day.

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Aje trims head office workforce

Inside Retail

Aje has removed 20 head office positions as part of the company’s strategic review amid challenging market conditions. “This thorough review found opportunities for us to streamline and simplify many parts of our business and to reduce the duplication of roles that will ensure we are operating in the most efficient way moving forward,” Aje co-founder and CEO Adrian Norris told Inside Retail. “As a result of this, we have made the difficult decision to reduce roles at head

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