Inside Retail

AUGUST 24, 2023

Listed conglomerate Wesfarmers has reported tax-paid profit reached $2.5 billion in FY23 as operating conditions and consumer behaviours continued to normalise. The company’s retail business comprises Bunnings, Officeworks, and Kmart Group which in turn includes Target and Catch. For the year to June 30, group sales rose 18.2 per cent to $43.5 billion while tax-paid profits reached $2.5 billion, up 48.8 per cent and EBIT of $3.8 billion, up 6.3 per cent.

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Retail Focus

AUGUST 24, 2023

Already home to a well-established traditional Market Hall, INDIEPOP SALFORD will see the creation of a second market hub within the centre, with the focus on local, independent and pop-up retail providing a diverse range of unique products, services and grab and go food and drink operators aimed at the ever growing, diverse population on the centres door step.

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Inside Retail

AUGUST 24, 2023

Private equity firm Roark Capital agreed on Thursday to buy Subway, in a deal that people familiar with the matter said values the US sandwich chain at up to $9.55 billion, including debt, subject to targets in its financial performance. The deal marks the conclusion of a drawn-out auction that started in February and attracted interest from several private equity firms.

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Hunton Andrews Kurth

AUGUST 24, 2023

In June 2023, EPA announced the dates for the 2024 submission period for information required under the Toxic Substances Control Act (TSCA) Chemical Data Reporting (CDR) rule. The information is collected every four years from manufacturers and importers of certain chemicals in commerce, generally when production volumes for those chemicals are 25,000 pounds or greater in a given reporting year.

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Speaker: Loreal Lynch, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

Consumer

Inside Retail

AUGUST 24, 2023

Collapsed Australian non-alcoholic drinks specialty store Sans Drinks has been acquired by online wine retailer, Just Wines. In July, the company entered voluntary administration citing competitive pressures and softening sales. On Monday, creditors resolved to accept the Deed of Company Arrangement (DOCA) proposal. This means secured and employee creditors are likely to be paid in full while unsecured creditors are set to receive an estimated 48 cents in the dollar over the next three months.

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RetailMinded

AUGUST 24, 2023

In recent years, the retail industry has experienced a sea of transformation. As businesses continually evolve to meet customer expectations, they rely on technology to stay afloat. Whether it’s to ensure timely delivery of products or create a more personalized shopping experience, technology’s role is undeniable. Especially now, with Artificial Intelligence (AI) moving from experimental stages to active implementation in various industries, retailers are on the cusp of a revolution

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Retail Design Blog

AUGUST 24, 2023

Local design studio Otherworlds drew on the traditional Goan balcão when converting a 1980s villa in Panjim, India, into the.

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Inside Retail

AUGUST 24, 2023

Walmart announces leadership shuffle following CEO retirement By Dean Blake Judith McKenna, president and CEO of Walmart International, announced her retirement last week, after 27 years with the company. Walmart CEO Doug McMillon said that the business was extremely grateful for her tenure, and that the first time he met McKenna, he was struck by her “combination of intelligence and heart”.

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Retail Design Blog

AUGUST 24, 2023

Noll & Tam Architects designed the Hayward Library & Community Learning Center as an integral space in Hayward, California. The.

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Inside Retail

AUGUST 24, 2023

With job mobility at a 9.5 per cent peak for a second year in a row, the highest rate in a decade, leaders everywhere are searching for solutions to help them retain staff. Job mobility is of particular concern to retail trade, with retail possessing one of the highest attrition rates of all industries. In fact, according to the latest release on job mobility from the ABS, retail trade accounted for the second largest share of people who changed jobs in the year ending February 2023 at 11.8 per

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Adopting MACH technology means more than implementing new platforms. This type of digital change affects your organization at every level and requires a thoughtful approach to navigate challenges that crop up. The Get MACH Ready report, co-authored by MACH Alliance member Scott Canney in collaboration with Orium, commercetools, and Contentstack, will provide you with strategies to prepare your organization for a digital transformation.

Strategy

Retail Design Blog

AUGUST 24, 2023

The four-storey Gucci flagship store which opened in Tokyo‘s swanky Ginza shopping district, an event we talked about in a.

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Inside Retail

AUGUST 24, 2023

Footwear retailer Accent Group says it has “returned” to long-term profit growth in FY23, but remains cautious as trading conditions remain challenging. The company owns and operates retail businesses such as Platypus, The Athlete’s Foot, Subtype, The Trybe, HypeDC, Pivot and 4 Workers, and distributes global brands including Dr Martens, Skechers, Vans and Merrell.

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Retail Times

AUGUST 24, 2023

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! After 14 years of supplying high quality furniture at discounted prices to customers both online and in store, Worthington Brougham Furniture is now about to open their first high street showroom on Chorley high street.

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Inside Retail

AUGUST 24, 2023

New Zealand shoppers will receive a warm welcome to what a truly international modern retail outlet centre has to offer when Auckland Airport opens the doors to Mānawa Bay – its purpose-built premium outlet shopping destination – in the second half of 2024. The 24,000sqm outlet shopping centre is being built on the water’s edge of Auckland Airport’s precinct.

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Speaker: David Azoulay, Marc Stracuzza, Román Tejada, and Guest Speaker Sucharita Kodali

Imagine a retail landscape where every interaction is personalized, every decision informed, and every opportunity maximized 🤔✨ Join us for an exploratory journey into the heart of AI-driven retail innovation. We’ll unveil the transformative potential of AI and data analytics in shaping the future of omnichannel personalization and e-commerce.

Strategy

Retail Times

AUGUST 24, 2023

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! The Royal Botanic Gardens at Kew has partnered with Mediterranean ingredients specialist, Odysea, to launch a range that showcases a dedication to biodiversity, heritage and sourcing. Available from mid-August the landmark collection features 14 limited edition products ranging from fruit compotes, honey, olive oils and antipasti which will be available

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Inside Retail

AUGUST 24, 2023

Best known for the eponymous shoe label she founded in the 1990s, Jo Mercer is now channelling her passion for local manufacturing into Matilda Life , the fashion and lifestyle brand she started in 2021. Here, she discusses opening a physical store and lessons learned from over 20 years in retail. Inside Retail : Can you tell me about the Matilda Life brand?

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Retail Times

AUGUST 24, 2023

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! The Perfume Shop has had a scent-sational new addition as it opens the doors to another new and improved experiential store at Festival Place, Basingstoke on Friday 25th August 2023. Opening in just a few days, the iconic retailer, which last year celebrated its 30th Birthday, will be continuing to offer the hottest perfume launches, […] If you wan

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Inside Retail

AUGUST 24, 2023

Victor Sanz , global creative director of Tumi, has carved a unique career path, intertwining art, design, and industrial innovation. In this insightful interview, Sanz delves into his love for creating products that deeply resonate with people, offers advice for the next generation of retail leaders, and contemplates the challenge of balancing work and life in a creative field.

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Understanding the intricate world of Point-of-Sale (POS) technology is a common challenge for tech buyers. When it comes to defining the functions of Point-of-Sale systems, the communications have yet to be standardized–—until now. Forrester’s new report, Demystifying The Technical Functions of POS Solutions, breaks through the noise and provides business leaders with the information and tools they need to evaluate the features of POS systems.

Customer Engagement

Fixture Lab

AUGUST 24, 2023

If you’re an outdoor retailer, the sun is essential to your shop’s existence—it allows your customers to get outside and […] The post Sunscreen for Your Store: Protect your products from UV damage appeared first on Fixture Lab.

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Inside Retail

AUGUST 24, 2023

Australian and New Zealand furniture chain Freedom this month relocated its Victorian distribution centre (DC) to a 24,345sqm facility in Melbourne’s southeast. The move to the new location, which has a five-star Green Star rating, was made with the intention of streamlining logistics, and expediting customer deliveries for its Victorian customers. Here, Pascal Kouknas, Freedom’s general manager for IT and logistics, speaks with Inside Retail about how the new DC will help to drive product innov

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Retail Times

AUGUST 24, 2023

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! XPO, a leading provider of innovative and sustainable transport and logistics solutions in Europe, has significantly enhanced the amount of paid paternity leave in the UK and Ireland, with colleagues receiving up to two weeks of full pay.

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Inside Retail

AUGUST 24, 2023

Digital supply chain and omnichannel commerce fulfilment provider Blue Yonder is making strong moves to drive innovation and shape the future of retail supply chains with its plans to further leverage generative artificial intelligence (AI), the data cloud, and infinite computing power into its systems. As the company hits 25 years since its incorporation in Australia (originally as JDA Software Group) – and in the wake of its announcement earlier this year of plans to invest up to US$1 billion

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Speaker: Jennifer Wright, Michael Scholz, Jasmin Guthmann, and Scott Canney

Digital transformation in retail is so much more than new technology. You need to get your whole organization, from entry-level workers to executives, on board with the new tech, new skills, and culture changes that digital transformation brings. Leading this mindset shift can be a daunting task… but that’s where this webinar comes in! Join our panel of experts as they guide you through the challenges of digital transformation, preparing you to avoid common mistakes and make the most of incredib

Architecture

Retail Times

AUGUST 24, 2023

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Leading fuel brand, JET, is launching the first instalment of its iconic ‘Keep on Moving’ campaign for 2023 – as part of a six-week programme of activity. The campaign, that for the first time will run nationally, begins with two beautifully surreal films.

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Inside Retail

AUGUST 24, 2023

A “challenging” second half has impacted full-year profits for jewellery retailer Michael Hill International. For the year to July 2, group operating revenue increased 5.8 per cent to $629.6 million while statutory profit tax-paid profits decreased to $35.2 million and comparable EBIT fell 6.3 per cent to $58.9 million. Online sales were “largely flat” for the year at $41.3 million with Brilliance by Michael Hill loyalty program boasting more than 2 million members.

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Retail Design Blog

AUGUST 24, 2023

This packaging design project was developed for a fictional brand, This Slaps, that reimagines bandages inspired by Gen-Z labels on.

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MYNT

AUGUST 24, 2023

Raleigh Bikes have a new customer experience at electric charging forecourt chain, Gridserve, designed and installed by creative agency, Mynt

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Did you know—74% of IT leaders are looking to improve their tech stack to offer better personalization? It’s impossible to ignore the importance of personalization, but it comes with challenges. How do you do it with a tight budget? What about customer privacy and the use of data? The Personalization Playbook is packed with research and insights from Orium, Talon.One, and Bloomreach and gives IT leaders answers to these tough questions, helping them shape 2024 strategies for personalization.

Strategy

Retail Times

AUGUST 24, 2023

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Despite the mixed weather forecast, with temperatures set to drop again over the weekend, Lidl GB is predicting a surge in ice cream sales, after seeing an 8.1% in sales of its frozen range during the recent rainy period.

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Inside Retail

AUGUST 24, 2023

Embattled US fashion company Gap has reported an 8 per cent decline in second-quarter sales to US$3.55 billion as its market share continues to erode. Over the past two years, Gap’s sales are down by 15.7 per cent according to figures from GlobalData MD Neil Saunders. “While the apparel market has been challenged, this is a far worse performance than average and represents a significant erosion of market share,” he said.

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Retail Times

AUGUST 24, 2023

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Whilst the Lionesses sadly fell short of World Cup glory during the Women’s World Cup final, their incredible campaign has left a lasting legacy on football fans both new and old. Sales data from Sports Direct has revealed that sales of England kits saw a 32% month on month increase in revenue during the World Cup, as […] If you want more informati

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Retail Times

AUGUST 24, 2023

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Teamwork Commerce, a global retail management software, has announced the launch of its Pay by Link solution, in partnership with Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses.

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Speaker: Shaunna Bruton - Associate Director of Product Strategy at Orium | Sam Panzer - Director of Industry Strategy at Talon.One | Frank Passantino - Director of Product Management at Bloomreach

More and more, customers are expecting a better personalized CX. But can retailers actually deliver? Data from McKinsey shows that companies that excel in personalization increase their revenue by 40%, but despite these numbers, retailers struggle to implement customer personalization strategies. So what are the potential solutions? Join us to gain a better understanding of the current retail landscape and learn what you can do to translate personalization strategies into practical implementatio

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