Tue.May 18, 2021

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Best & Less to go public as Australia’s crowded discount sector heats up

Inside Retail

Australian discount department store business Best & Less plans to raise about $72.3 million through an initial public offering at $2.15 a share, according to a term sheet that was sent to potential investors this week. The retailer aims to list on the Australian Securities Exchange (ASX) in mid-June with a market capitalisation of $271.2 million, or four times its pro forma forecast EBITDA for the 2021 calendar year.

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How retail outlets can keep costs down

Retail Focus

In a time of economic downturn, most businesses will be looking for ideas on how to cut costs and maximise their profits wherever possible. In the retail sector, there have been limited opportunities for small businesses to function, and therefore make enough sales revenue to stay afloat. Here are the top ways in which retail outlets can keep costs down.

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Trending Sources

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Kathmandu names RipCurl boss as new group CEO

Inside Retail

Seven months after Kathmandu’s long-time group chief executive Xavier Simonet resigned , the outdoor fashion business has announced his replacement: RipCurl CEO Michael Daly. Daly has led RipCurl for the last eight years, according to chairman David Kirk, who said the group is confident he will bring a relentless focus on brand, product, people and the bottom line, as he did at RipCurl.

Outdoor 246
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Marketing Matters: How Link Building Can Help Your Company

Retail Focus

There is no denying that when it comes to business management, marketing rises at the top of the priority list. Without proper marketing, a business will cease to function, as even the best products and services around will not get you anywhere if there aren’t enough people who know the company even exists. Most startups will end up wrestling with a lack of influence or clout, hoping that with enough effort, their marketing strategy snowballs into something more sustainable.

Marketing 130
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From Data to Decisions: Maximizing Retail Potential with AI

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.

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VIDEO: ‘There was a turning point’: Julie Mathers on founding Flora & Fauna

Inside Retail

Before Julie Mathers sold her eco-friendly e-commerce business Flora & Fauna to beauty giant BWX , she came first in Inside Retail’s Top 50 People in E-Commerce in 2021. We recently asked last year’s number one, Mark Teperson , then chief digital officer at Accent Group, and now chief strategy officer at Afterpay, to interview Mathers about her views on leadership, running a responsible business and the magic of retail.

Strategy 246
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Hybrid Retail – brands need to get on board

Retail Focus

Hybrid is a term that we are seeing a lot right now, as businesses across the globe look to combine homeworking with office-based employment. It’s not flexitime, it’s an effective blend of central offices and productive, supported homeworking. It sounds brilliant on paper: company cultures will still thrive, people can bounce ideas off their colleagues, but life will be easier to manage as people are able to work from home much more often.

More Trending

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How Rugged Devices Can Lead the Way to Retail Success in 2021

Retail Focus

It’s difficult to say anything new about how hard the past 12 months have been. We are all aware that the global pandemic that has torn through our lives has had a devastating impact on almost every sector, with retail continuing to feel its brutal effects. . Less comprehensively covered, however, has been the incredible work retailers have done to adapt and to ensure hopes are high for a much improved 2021.

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Spar sales soar in Australia as lockdown keeps customers local

Inside Retail

Netherlands-based supermarket chain Spar saw sales increase 7.4 per cent for the year to December 2020, hitting $62.5 billion (€39.8 billion). And growth was highest in its Australian business, which saw strong revenue growth of 16.5 per cent off the back of its proximity and neighborhood format, as communities increasingly shopped locally due to the onset of the Covid-19 pandemic.

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Retailing family revamps Coventry c-store

Talking Retail

Brothers Ricky and Amrit Dougall have revamped their Coventry city centre store in response to changes in customer demand. The Nisa partners have introduced a raft of new services to their Millennium View store to appeal to the transitional demographic that make up a large proportion of the store’s customers, which and have seen immediate. This story continues at Retailing family revamps Coventry c-store.

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This week in property news

Inside Retail

80 Collins leans into foodie experiences. Melbourne’s new retail and food precinct 80 Collins is partnering with the Melbourne Food & Wine Festival on an event series designed to draw foodies to the area. Visitors can indulge in barrel aged negronis at the hotel barrel ageing room, Oregon pinot wine tasting during a winemaker masterclass or enjoy frozen capped liquid nitrogen cocktails.

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The Personalization Playbook: 2024 Strategies

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.

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Pricewatch awards EPOS contract to Henderson Technology

Talking Retail

Pricewatch, a 12-site forecourt network based in Sussex, has awarded a contract to Henderson Technology for its EDGEPoS platform. The contract will see the Henderson Technology EDGEPoS Head Office installed at Clayhill Service Station, Lewes, to allow full control of all 12 sites from this one central location. EDGEPoS covers the three main areas of.

Location 131
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Spending intentions up after Australians save their way through pandemic

Inside Retail

Following a once-in-a-lifetime health pandemic and a similarly once-in-a-lifetime, albeit shorter, recession, Australians overall financial wellbeing has actually improved substantially – with the latest Commbank financial wellbeing report finding the index rose 7.8 per cent to a record score of 51.1. This represents the largest year-on-year increase since the score begun being calculated in 2017, and is largely due to cautious consumerism and a focus on saving, rather than spending, during the

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JJ Whitley extends vodka range with new formats

Talking Retail

JJ Whitley Vodka has added two new formats to its portfolio, in a move designed to enable retailers to tap into a wider range of missions. The new 350ml and 200ml bottle formats are available across all JJ Whitley’s products, including JJ Artisanal Russian Vodka and Raspberry Vodka. The sizes join existing 17.5ml, 50ml, 700ml. This story continues at JJ Whitley extends vodka range with new formats.

Design 126
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Retail news around the globe

Inside Retail

Under Armour flagship store opens in Dubai Mall Village. Sportswear brand Under Armour is rolling out a new flagship store in Dubai Mall. Retail design firm Green Room led the construction, working with the brand’s Under Armour US and EU global store design and brand teams, as well as its partner in Athlocity. “It’s a gamechanger for the brand,” said Lee Devon, vice president and general manager at Athlocity for Under Armour.

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Mapping Digital Transformation: Retail’s Strategic Shift

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

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Pimm’s unveils new summer flavour

Talking Retail

Pimm’s is set to launch a new aperitif and design for its Pimm’s No.1 bottle. Pimm’s Sundowner (700ml; £15) features raspberry and redcurrant flavours will be available from 24 May and the new design for Pimm’s No.1 will roll-out from June. These initiatives will be supported by a £1m “We Will Summer” campaign, which will. This story continues at Pimm’s unveils new summer flavour.

Design 126
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Global luxury sales could return to pre-Covid levels this year, Bain says

Inside Retail

The luxury goods sector could shrug off the hit from the coronavirus crisis as early as this year as Chinese and US shoppers help sales recover to pre-pandemic levels, consultancy Bain said on Monday. Bain now sees a 30 per cent probability that sales of high-end handbags, clothes and jewellery will return to or exceed their 2019 level of US$340 billion this year, depending on how quickly vaccines are rolled out and tourism picks up.

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Wall’s adds new ice lollies to kid’s range

Talking Retail

Unilever is expanding its Wall’s Responsibly Made For Kids ice-cream portfolio with a new ice lolly range. The Yummies range consists of Tropical and Berry flavours in packs of four, retailing at £3, and each stick contains 49 calories. The launch of Yummies follows a “strong year of growth” for Unilever in the ice cream. This story continues at Wall’s adds new ice lollies to kid’s range.

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How to solve the information gap around delivery costs

Inside Retail

With online sales growing at an average rate of almost 65 per cent year on year in Australia, according to the ABS, delivery is now a mission critical part of the business. But when it comes to reining in costs, many businesses don’t know where to begin. “Most retail businesses focus on their product or marketing. That’s fantastic, but when you look at your cost structure, 10-30 per cent of it can be freight.

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Planning the Architecture of Your Modular DXP

Are you considering moving away from a monolith platform and over to composable architecture? Join experts from Google Cloud, GroupBy, and Orium as they discuss the benefits of moving to a modular digital experience platform. In this masterclass, uncover key indicators that show your brand is ready for a modular DXP, and learn how to lay the foundation for composable commerce.

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Dark Horse unveils digital campaign

Talking Retail

Wine brand Dark Horse has kicked off its latest campaign to build on its current Pathfinders social media activity. The “Follow Your Own Path” campaign is running until July across TV, video-on-demand and the brand’s updated website. Running alongside the campaign, Dark Horse is also supporting independent retailers through the app *Shopt by offering them.

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Perrigo study reveals post-lockdown anxieties of hay fever sufferers

Retail Times

Global self-care company Perrigo, and its hay fever relief brand, Beconase, has revealed that more than a third (37%) of those that suffer from hay fever admit to being concerned about socialising outside this spring and summer as COVID-19 restrictions ease.

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Foot Traffic Returns to U.S. Shopping Malls

VMS

U.S. shoppers are returning to shopping malls, according to a report by Placer.ai, published by the International Council of Shopping Centers (ICSC). Foot traffic at Class A malls is showing steady growth over the past few months when compared to the same time period in 2019. “The improving domestic economic environment and shopper sentiment have increased shopper foot traffic and sales across our portfolio.

Shopping 105
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Family run B2B corporate plant business moves into B2C houseplant retail business

Retail Times

Planteria Group, the UK’s leading experts in corporate planting for over 45 years, has announced its business expansion with the launch of its consumer arm, foli8, a new online shopping destination that offers houseplants to create living interiors. foli8 is the first UK platform that will sell houseplants directly in 100% compostable and natural coconut fibre pots.

Interior 105
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How Personalized Customer Experiences Drive Retail Growth and Revenue

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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J.Crew Adds “Disruptive” Chief Designer  

VMS

Apparel retailer J.Crew (New York) has named ex-Supreme design director Brendon Babenzien its chief menswear designer, reports Hypebeast. The brand, which filed for bankruptcy in May 2020, has a new owner and recently completed Chapter 11 restructuring. “I’ve been a lifelong J. Crew customer and my personal style is rooted in American culture, which is forever evolving.

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GANNI powers omni-channel fulfilment with Nedap

Retail Times

Fast-growing Danish fashion brand GANNI has selected the Nedap iD Cloud platform to achieve full inventory visibility. The first step of this deployment is to achieve full stock visibility in store, which leads to optimized item availability and efficiency gains. As a next step all items, whether located in the distribution centres or in stores, can be consolidated into one centralized inventory.

Fashion 105
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Macy’s Posts Surprise 1Q Profit

VMS

Department store Macy’s (New York) reported unexpected first-quarter profits, raising its full-year forecast thanks to momentum building among consumers, according to CNBC. Luggage has been among the categories enjoying the most growth. “Clearly our customer is ready to get on with life,” CEO Jeff Gennette said. Macy’s earned $4.371 billion in the first quarter of 2021, beating estimates of $4.37 billion.

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Vintage Cash Cow’s Spring Clear Out campaign hits halfway target and collects over 20 tonnes of items

Retail Times

After just a month since its launch, the Spring Clear Out campaign by Vintage Cash Cow, the easy way to sell old stuff, managed to collect over 20 tonnes of goods which will be rehomed or recycled. Thousands of participants have been motivated so far to declutter their homes by reselling their unwanted, unused, old or vintage items, out of which the majority are new customers (74%).

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Retails Next Frontier: Exploring and Proving the Value of AI

AI is everywhere. It’s in customer service interactions, product recommendations, marketing outreach, and yes, even commerce experiences. But not every use of AI provides the same value to your brand. In this masterclass, experts from Constructor, commercetools, Contentstack, and Orium discuss how AI can complement your composable tech stack and help bring in immediate ROI.

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Heineken supports UEFA partnership with media campaign

Talking Retail

Heineken is launching a global campaign to showcase its UEFA Euro 2020 partnership. The “Enjoy the Rivalry” campaign is running across TV, digital and outdoor platforms and across the on- and off-trade. The brand said the campaign aims to encourage fans to watch UEFA Euro 2020 matches and ensure Heineken is part of their “big. This story continues at Heineken supports UEFA partnership with media campaign.

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Lockdown easing paves the way for Topps Tiles’ triumph, says GlobalData

Retail Times

Following today’s release of Topps Tiles figures for H1 FY2020/21; Jonathan Rock, associate retail analyst at GlobalData, a leading data and analytics company, offers his view: “Topps Tiles’ retail l-f-l sales grew 16.8% in the five weeks since stores reopened on a two-year basis as the return of in-store shopping, delayed projects, economic recovery, and the reopening of leisure drove up demand.

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Sharp’s Brewery rolls out fridge packs

Talking Retail

Sharp’s Brewery has launched a fridge pack for its Doom Bar brand, in a move designed to tap into “growing demand for convenient multipack formats”. The 10x440ml can packs are encased in a recyclable cardboard sleeve, and include an easy to carry handle and quick tear-open fold, giving consumers a “new, convenient way to enjoy. This story continues at Sharp’s Brewery rolls out fridge packs.

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Bio&Me, co-founded by The Gut Health Doctor, moves into chilled aisles with new range of gut-loving prebiotic yogurts

Retail Times

To help mark World Digestive Health Day (29 May), Bio&Me, gut health food brand co-founded by Jon Walsh and renowned dietitian and best-selling author, Dr Megan Rossi (PhD RD) - also known as The Gut Health Doctor - makes its debut in the chilled aisle with the launch of its of gut-loving prebiotic yogurts. The range is available in three SKUs, ideal as an everyday topping, snack or treat to help support digestive and immune health.

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2024’s Retail Odyssey: Going Small, Artificial, and Augmented!

Speaker: Kelly Goetsch - Chief Strategy Officer at Commercetools | Jason Cottrel - CEO & Founder at Orium | and guest speaker Brendan Witcher - VP, Principal Analyst at Forrester

Significant modifications are on the horizon for digital commerce in retail and customer experience come 2024. The pace of tech shifts will intensify, businesses are set to defund legacy solutions, and attractive opportunities will surface as social and retail media players join forces. To stay ahead of the curve, digital leaders are experimenting with less risky initiatives and scaling back on outdated projects that no longer yield impactful results.