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Premier Retail to close four Sydney stores despite good performance

Inside Retail

Premier Retail says it achieved a modest increase in sales for the half year to January 29, despite losing 42,000 trading days to Covid-related lockdowns and movement restrictions. Due to the growing momentum in preference for online shopping, the company was focused on achieving the profitability of each individual store.

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How Dubai sportswear giant GMG aims to crack the Southeast Asia market

Inside Retail

GMG is a Dubai-based company with distribution rights for more than 120 global brands in the Middle East and Southeast Asia, and a portfolio of multi-brand retail chains across sports, food and beauty. GMG plans to open 11 SSS stores – and 100 new stores overall – in Southeast Asia by 2025.

Marketing 130
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As western retail brands exit, Russia looks east for replacements

Inside Retail

Russia is looking to China, India, Iran and Turkey to plug the gap created by an exodus of western retail companies, an industry body said on Friday, as Moscow grapples to find ways to combat its growing isolation in the face of sanctions. It had been planning to hold an initial public offering (IPO) this year.

Fashion 147
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JYSK to open two new stores in Greater Manchester

Retail Focus

The largest Danish retailer operating globally, JYSK , is set to open two new stores within the Greater Manchester region as part of its ambitious UK expansion plans. The post JYSK to open two new stores in Greater Manchester appeared first on Retail Focus - Retail Design.

Expansion 173
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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.

Shopping 130
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Surveillance and Strobe Lights: Walmart, Target and Other Major Retailers Level Up Their Loss Prevention

VMS

Mass merchants and major retail chains are reaching deeper into their bag of tricks this year to prevent holiday shoplifting. People planning to shop in stores will not want to go in to these locked and over-secured stores. So overall retailers lose both the planned purchase and the impulse purchases.”

Other 100
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Mosaic Brands shows promising revenue growth from online sales

Inside Retail

The ASX-listed parent of retail chains including Noni-B, Katies, Rivers and Rockmans, says online sales hit $119 million, up 21 per cent year on year and accounting for about 40 per cent of total group sales of $298 million. The post Mosaic Brands shows promising revenue growth from online sales appeared first on Inside Retail.

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