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Reinvest and innovate: Key takeaways following Fenton & Fenton collapse

Inside Retail

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.

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What to know about Woolworths’ appointment of its first female CEO in 100 years

Inside Retail

Camilla CEO Jane McNally found herself in a similar situation after taking on her first CEO role in the middle of the Global Financial Crisis in 2008. “It 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.

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Last roll of the dice: How tax cuts could help stave off retail failures

Inside Retail

That level of business closures was the highest for any year since the global financial crisis in 2008. Then along came the pandemic that saw 11,224 businesses, a large number of which were retailers, close their doors according to the Australian Bureau of Statistics.

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Are more discounts on the cards before Christmas?

Inside Retail

Of course, two more rate rises would follow in 2008 with the cash rate peaking at 7.25 It’s probably too late now to adjust orders, but you can replan with pragmatism and keep that cash flow strong. In 2007, the cash rate was on an upward trajectory hitting an 11-year high of 6.75 per cent in November.

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Our last interview with Australian fashion icon, Carla Zampatti

Inside Retail

Tributes have been flowing in from around the world since Australian fashion icon Carla Zampatti passed away in Sydney on Saturday 3 April at the age of 78. The first one was in 1969, the second was in 1989 and then 2008, so [this] is really just normal and we usually do quite well during a recession. CZ: I have.

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Camilla CEO: ‘I definitely didn’t have a grand career master plan’

Inside Retail

I could have done a bit more due diligence beforehand, but it was a quick MBA in [being a] CEO because I took up my first CEO role in the middle of 2008 at the start of the GFC. 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.

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More recessions lessons from Greenlit Brands, Camilla, Super Retail

Inside Retail

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.