Inside Retail
JUNE 25, 2023
Wesfarmers’ wholly-owned subsidiary Australian Pharmaceutical Industries (API) is set to acquire 100 per cent of specialist skincare clinic chain Silk Laser Clinics as part of a Scheme Implementation Deed. According to an ASX filing, the deal represents an “implied equity value for Silk of approximately $180 million, based on 53.76 million fully diluted shares outstanding”.
Greater Group
JUNE 25, 2023
Success never happens by accident; it happens by design—and when it comes to retail, none of the factors that go into growing a business should be left to chance. The “recipe” of a successful commercial retail interior design contains several “secret ingredients”, each essential to the effectiveness of the whole. Fine-tuning even one of these secrets can have a transformative effect on business performance.
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Inside Retail
JUNE 25, 2023
Like other industries, retail is already taking up Artificial Intelligence (AI) technologies and programs such as ChatGPT to optimise their efficiency and improve their operations. However, the rapid development and integration of AI have sparked conversations about what’s in store for the future. At the Consumer Goods Forum’s (CGF) Global Summit held in Kyoto, Japan, industry leaders – including President of Microsoft Japan Miki Tsusaka, CEO of IGA Incorporated John Ross and Chairman & CEO
Greater Group
JUNE 25, 2023
Today’s commercial office interior design has changed the definition of a “workplace”. From a place where people help a business to grow, a workplace is now where a business helps people to grow—because in doing so, it grows the business. Companies have come a long way from the days when they set up offices primarily around the kinds of jobs that were being done in them.
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.
Inside Retail
JUNE 25, 2023
A Manhattan federal judge on Friday granted Hermes’ request to permanently block artist Mason Rothschild’s sales of “MetaBirkin” non-fungible tokens following a jury’s verdict that they violated the French luxury house’s trademark rights in its famed Birkin handbags. US District Judge Jed Rakoff said the permanent injunction was justified because Rothschild’s continued marketing of the NFTs would likely confuse consumers and irreparably harm the company.
Inside Retail
JUNE 25, 2023
Online craft gin retailer Gintonica has fallen into administration just six weeks after its owners announced the business was for sale, joining the ranks of boutique online liquor retailers grappling with a challenging environment for startups. The company’s downfall comes less than two months after B2B alcohol marketplace Kaddy Group entered into administration and BoozeBud, who appointed administrators in May.
Create Retail Today brings together the best content for Retail Design professionals from the widest variety of industry thought leaders.
Inside Retail
JUNE 25, 2023
Costco had another strong quarter through May, reporting sales of US$52.6 billion ($78.8 billion), up 5.5 per cent from the same quarter a year ago. Comparable-store sales were pretty much flat (+0.3 per cent) but adjusted for changes in petrol prices and exchange rate fluctuations, they increased by 3.5 per cent. For international stores excluding Canada, which includes Costco’s 67 warehouse clubs in Asia, adjusted same-stores sales were up 8.4 per cent.
Inside Retail
JUNE 25, 2023
Good things come to those who wait, as the adage goes. Apple, known for its long game worldwide in terms of products, services, and marketing, finally arrived in India earlier this year. In April, the tech giant launched its first two stores, both of which achieved record-breaking sales during an off-season period when online retail dominates the market.
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