Inside Retail
AUGUST 6, 2023
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.”
Inside Retail
JANUARY 28, 2024
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.
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Inside Retail
DECEMBER 4, 2022
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.
Inside Retail
OCTOBER 14, 2021
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.
Inside Retail
AUGUST 25, 2022
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.
Inside Retail
OCTOBER 25, 2022
But when you’re growing a business, particularly an international fashion business, it’s particularly heavy on resources and cash flow. In 2008, they actually went into administration. The direct-to-consumer part of the business is the strongest and the fastest-growing now. They were a victim of their own success.
Inside Retail
JUNE 8, 2023
McLeod drove change at UK supermarket group Asda in the UK ahead of its sale to Walmart, was chief merchandise officer and board member of Walmart Germany from 2000-01, led the turnaround of Halfords, the UK auto parts chain prior to its float – and then took the helm of Coles in Australia for five years from 2008.
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