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Myer sees elevated annual sales, but is cautious amid economic headwinds

Inside Retail

per cent of total sales – and a 10 per cent increase in productivity gains at physical stores. million for the 12 months to July 29, the highest since 2015. Myer’s total sales grew 12.2 per cent to $3.36 billion in FY23. This reflects the scale of its online business – which had a revenue of $691 million, representing 20.5

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Apple to pull the plug on iPod after 20 years

Inside Retail

The iPod has undergone several iterations since its inception featuring a scroll wheel, the capacity to store a 1000 songs and a 10-hour battery life. Apple stopped reporting iPod sales in 2015. The version that has been carried to date – the iPod Touch – was launched in 2007, the same year as the iPhone.

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7-Eleven to pay $595,000 after chain misled franchisee about lease terms

Inside Retail

The retailer was found to have breached the Australian Consumer Law in its pre-purchase dealings with Yong Li and Zhe Wang who bought the 7-Eleven Heathmont store in 2015. In 2021 7-Eleven terminated its agreement with Yong Li and Zhe Wang, trading as Lanhai Pty Ltd because the store had been under-performing.

Form 299
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Melbourne flower delivery service Lvly snapped up by Malaysian investor

Inside Retail

Established in 2015, the Melbourne-based startup offers a same-day flower delivery service. The brand clocked more than $10 million in revenue per quarter last year. “We Together, the duo will receive around $20 million from the acquisition.

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Top 10 Gaming Conventions in Asia 

Trade Show Booth Companies - Trade Group

We will look closer at Asia’s top 10 Gaming conventions that continue to impact the digital world. Tokyo Sandbox (Tokyo, Japan) Originally called Tokyo Indie Game Festival in 2015, but later changed to the more creative name of Tokyo Sandbox. The post Top 10 Gaming Conventions in Asia appeared first on The Trade Group.

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Daniel Zhang steps down from top Alibaba Group role, new leaders named

Inside Retail

The appointments will take effect on September 10. Zhang was named Alibaba CEO in 2015 before he took on the chairmanship in 2019. He founded Vision Plus Capital, a venture capital firm focused on investing in advanced technologies, enterprise services and digital healthcare in 2015.

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H&M posts surprise profit, despite slow seasonal sales

Inside Retail

As Inditex lured customers back to in-person shopping after the pandemic, H&M’s more cost-conscious base has been reluctant as inflation eats into purchasing power, while SHEIN and Temu won success online with cut-price items such as $10 dresses. crowns in Stockholm on Wednesday, just one third of its 2015 all-time high of 368.5

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