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Poshmark to exit Australia to focus on core markets

Inside Retail

The company said on its website that it plans to increase investment and “drive meaningful growth” in its core markets – the US and Canada. Founded in 2011, Poshmark is a social commerce marketplace where users can buy and sell new and secondhand fashion, home goods, and electronics.

Marketing 263
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How Petico aims to resurrect Singapore’s Perromart amid pet-care boom

Inside Retail

The deal marks Creador’s 50th investment since its establishment in 2011. According to Choy, in a rapidly growing pet food market like Singapore, Petico’s strategy to capture market share hinges on its unwavering commitment to provide pet owners with high quality pet food. We plan to do the same in Singapore.

Expansion 130
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As France weighs fast-fashion ban, is the circular economy the future of retail?

Inside Retail

Country Road was one of the first major fashion retailers to dip its toe in circular fashion working with the Red Cross via the Fashion Trade concept since 2011 where customers receive a $10 gift voucher when they donate pre-loved Country Road items. Review your sustainability strategies. Well, some are already tapping into this trend.

Fashion 162
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What other retailers can learn from The Iconic’s approach to warehouse tech

Inside Retail

From robotics to artificial intelligence (AI), Warehouse Management Systems (WMS) to the internet-of-things, the vast majority of organisations either have, or are planning to install automation technology in their supply chain in 2023. The Iconic reaching new heights The Iconic is an Australian success story, boasting more than 2.2

Other 130
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Barnes & Noble CEO: “The big guys should be doing better”

Inside Retail

It is with a similar plan that Barnes & Noble has begun to shift its image from a large corporation to a welcoming “indie” version of a bookstore chain. In addition to pivoting away from a uniform appearance, Daunt said that the retailer will be prioritizing its focus on e-commerce strategies.

Curate 130
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Dick Smith, Burger King, David Jones: Is it third time lucky for Anchorage?

Inside Retail

Anchorage Capital, at best, added some finishing touches to Woolworths’ turnaround strategy and reworked the balance sheet for the sharemarket float. Typical private equity investments are for around five years, but Anchorage exited Burger King NZ and Dick Smith after just two years – raising questions about its plans for David Jones.

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E-commerce pioneer Mark Coulter on diversity, innovation and growth

Inside Retail

Coulter co-founded Temple & Webster in 2011 and was made CEO in 2016. Before taking this entrepreneurial leap, he worked as director of digital strategy for News Corp and spent over 10 years in strategy consulting and corporate management roles, including at McKinsey & Co.