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The Body Shop Australia facing ‘cashflow crisis’

Inside Retail

Credible reports suggest The Body Shop Australian business is facing a cashflow crisis as a result of the collapse of the UK parent company. The Body Shop operates about 100 stores in Australia and is said to be the most profitable international arm of the stricken business.

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Reject Shop brushes off wage theft class action as ‘immaterial’

Inside Retail

Discount retailer The Reject Shop is facing a class action lawsuit for “purported underpayments” to staff, launched by specialist law firm Adero Law Between February 2016 and April 2021, seven former employees of the discount retailer allege underpayment during their employment with the company.

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The Cheesecake Shop sold to Aussie investment firm

Inside Retail

The Cheesecake Shop is to have new owners. Aussie based investment River Capital has entered into an agreement to acquire The Cheesecake Shop Group (TCS) for an undisclosed amount from existing owners PAG Asia Capital. The post The Cheesecake Shop sold to Aussie investment firm appeared first on Inside Retail.

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Fawkner Property to acquire Cairns Central for $390 million

Inside Retail

Fawkner Property has agreed to acquire Cairns Central from Lendlease-managed Australian Prime Property Fund Retail (APPF Retail) for about $390 million. ” Lachlan MacGillivray of Colliers International and Sam McVay of McVay Real Estate managed the sale, the closing of which is expected in late February next year. .”

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A slice of success: The Cheesecake Shop undergoes a refresh

Inside Retail

The Cheesecake Shop (TCS) is an Aussie icon. The brand’s success attracted the attention of foreign investors back in 2017, when the founding family saw the opportunity for the cake bakery business to go next level with bigger investment. Cake changing hands. Early in 2022, PAG sold TCS to Melbourne-based investor River Capital.

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Brisbane’s Post Office Square goes through multimillon dollar renovation

Inside Retail

Global investment manager LaSalle, which acquired the property in 2017, said that 17 new and existing tenants have already signed leasing agreements at the centre. Brisbane’s Post Office Square is going through a multi-million dollar redevelopment in anticipation of a resurgence of food courts as more workers return to offices.

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6 Store Inspection Mistakes District Managers Make When Auditing Retail Stores

Compliantia

One of the best ways to prevent this is for district managers to conduct better store inspections. It’s also helpful to be aware of the common mistakes that managers make when auditing stores. The following paragraphs outline the top 6 errors made by district managers when inspecting retail locations. Let’s get started.