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Myer to close Blacktown store as downsizing plan continues

Inside Retail

As the troubled department store retailer tries to reight-size its portfolio in the wake of consumers moving online to shop, Myer said the Blacktown store closure was the fifth under its Customer First Plan launched in January 2019.

Planning 246
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The Memo opens two Melbourne boutiques

Inside Retail

The Memo will launch two locations in Melbourne to expand its footprint in the premium baby retail market. The company will open the doors to its Fitzroy location on May 31, while the second store, which is also the largest, will be unveiled on June 22 at Highpoint Shopping Centre in Maribyrnong.

Boutique 278
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Walmart’s futuristic vision: AI shopping, drone deliveries and green energy

Inside Retail

The world’s largest retailer shared expansive plans for the future of retail at the recent Consumer Electronics Show (CES 2024), focusing on adaptive retail strategies that encompass realms of customers, workforce and society. Embracing AI Walmart’s goal is to make shopping experiences effortless, engaging and personalised.

Shopping 262
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“Fairly unique”: How Ikea plans to do things differently in New Zealand

Inside Retail

Announced in 2019 , the 34,000sqm store will be located at Sylvia Park in Auckland. But the development and popularisation of online shopping has enabled the company to reach more people. In terms of online shopping, New Zealand rates highly compared to many markets. So we expect that to do well,” he said.

Planning 130
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Meet Revo, the performance sunglasses brand founded by a Nasa astrophysicist

Inside Retail

A new retail player has just entered the trendy shopping destination of Soho in New York City — Revo Sunglasses. The Nasa-tech-inspired eyewear brand is opening its first US-based bricks-and-mortar location, a 500-square-foot storefront at 436 West Broadway. Then, it set up a direct-to-consumer channel. “It

Location 130
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Mexican dining chain La Cabra opens fifth franchise outlet

Inside Retail

The Mexican franchise La Cabra will open its seventh restaurant on Thursday; the Ballarat site is its first regional location. Founders Joshua Smith, Sherinder Kohli and Derrick Chandra started the Melbourne-based business in 2019. Kohli said the model works in a strip shopping environment, ideally in a restaurant area.

Interior 263
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Exclusive: Vietnamese fashion operator eyes international expansion plan

Inside Retail

Now the company’s founder has disclosed, in an interview with Inside Retail , plans to treble its store network within five years, add another 10 brands to its portfolio, and expand abroad – all while preparing for a potential IPO. It is targeting 30 per cent annual sales growth by 2025. Since then, the brand has opened 10 more.

Expansion 130