Mon.Aug 23, 2021

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Kogan profit falls 86 per cent on bloated inventory costs

Inside Retail

Kogan’s bloated inventory and logistics costs severely impacted its profitability in FY21, with net profit plummeting 86.8 per cent to $3.5 million (compared to $26.8 million the year prior). Without taking these impacts into consideration, adjusted NPAT rose 43.2 per cent to $42.9 million off the back of a record breaking sales effort – up 52.7 per cent to approximately $1.18 billion.

Balance 246
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Hammerson lights up Grand Central, Birmingham with completion of upgrade works

Retail Focus

Hammerson has completed its upgrade to Grand Central’s New Street Mall. The works included the creation of a new, engaging entrance to Birmingham’s Grand Central, enhancing its position as the gateway to the UK’s second city. The upgrade works underpin Hammerson’s commitment to enhance the customer experience across its flagship destinations through innovative and engaging installations, events and fit-outs.

Light 162
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The evolution of Aussie fashion: A chat with retail veteran David Briskin

Inside Retail

Retail veteran David Briskin has enjoyed a long, successful career in Australian fashion, from founding accessories brand Mimco to being at the helm of Sass & Bide for several years and chairing the Melbourne Fashion Festival. Now, he’s a director at menswear label MJ Bale and a board member at not-for-profit Thread Together. Here, Briskin discusses his passion for supporting the community and the challenges and opportunities within the industry.

Fashion 246
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ECCO launches Metropolitan Dreamland flagship in Shanghai

Retail Focus

ECCO has launched its new flagship store in Shanghai. The space is an interaction of eastern and western culture by many international brands. Spanning 442 m2, the new flagship shop is located in Huaihai Middle Road, a prime commercial area of the city. Hong Designworks uses the concept of “Metropolitan Dreamland” using the experience of multiple dimensionalities to reconstruct the relationship between people and objects.

Art 147
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Get MACH Ready: Preparing Your Business for Digital Transformation

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.

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‘Go anywhere, get anything’: Uber reveals plans for marketplace

Inside Retail

After starting out as a ride-hailing app 12 years ago in the US, Uber has become a place to not only hitch a lift, but to order takeaway, groceries and alcohol. And it doesn’t plan to stop there. In Australia and New Zealand, Uber is firing up its retail partnerships as it seeks to grow its Uber Eats Marketplace. On Monday, the platform announced a partnership with supermarket giant Woolworths , which will see over 1200 products from its Metro stores in Sydney and Melbourne available to or

Planning 246
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Boots Hearingcare opens at brand new Edinburgh St James Quarter Shopping Centre

Retail Focus

Boots Hearingcare has confirmed that it has opened within the new Boots store at Edinburgh’s St James Quarter Shopping Centre. The opening further enhances the business’ ability to offer a vast healthcare option within the heart of the £1 billion development , which replaced the 1960s St James Centre and had been five years in development. Boots Hearingcare will be bringing all of its renowned traditional audiologist services, hearing tests, and full range of high-quality hearing aids.

Shopping 147

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These trends in second-hand furniture are changing the retail landscape

Retail Focus

While ten years ago, most consumers would have preferred to purchase furniture and homeware brand-new, another option has been growing in popularity: using second-hand. People may reuse items of their own, buy used items from friends or on second-hand goods websites, or they might purchase from vintage shops. The trend may be led by an awareness of the environmental impact of mass production and buying brand-new, as well as personal finances and style preferences.

Pattern 147
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Coles wins innovation award for Moonee Ponds store

Inside Retail

Coles has received the Most Innovative Supermarket award at this year’s Finder Innovation Awards (FIA) for its store in Moonee Ponds, Victoria. The FIA recognises brands that drive positive change in the industry and, according to FIA Senior reviews editor and judge Chris Jager, Coles’ sustainability store is an excellent example of innovation in the supermarket space. “Coles’ flagship sustainability store at Moonee Ponds features several in-store firsts to deliver a bett

Space 130
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Choose the Best Trading Platform

Retail Focus

Online investment can be hazardous, but an equitable platform can help save more and protect yourself. Some agents assist their clients in finding the platform that matches the needed requirements. Selecting the venue on your own is not a cinch but a commensurate task. This article is about how to choose the best trading platform based on the experience of professional brokers.

Planning 130
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CouriersPlease launches video game to help Aussies understand delivery

Inside Retail

CouriersPlease has released a browser-based video game that puts players in the shoes of their local courier, in an effort to help Australians understand just how much work goes into delivering packages. Players must work to deliver as many parcels as possible, while navigating dog attacks, traffic, road accidents and closures, as well as typical barriers to delivering parcels: a closed business, or a resident not at home.

Marketing 130
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How Retailers Are Transforming Customer Experiences with Data & 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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Nisa’s retailers increase charitable donations sharply during pandemic

Talking Retail

Nisa’s registered charity, Making a Difference Locally (MADL), has reported a big increase in donations from retailers during the pandemic. Well over a million pounds (£1,190,976) was donated in the charity’s latest financial year, which ended in June 2021. This is a 43% rise on the previous year, with retailers making 2,082 donations to support. This story continues at Nisa’s retailers increase charitable donations sharply during pandemic.

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Restaurant Brands first-half profit trebles

Inside Retail

Quick service group Restaurant Brands tripled profit in its first half, with group NPAT hitting $33 million compared to $10.7 million in the same period last financial year – a 208 per cent growth. Group sales, on the other hand, rose 41 per cent to $516,7 million thanks to strong same-store sales across New Zealand, Australia and Hawaii, as well as the addition of its new Californian arm.

Marketing 130
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Pladis partners with Nisa to boost biscuit sales

Talking Retail

Pladis, the biscuit and snacks giant, has teamed up with some Nisa stores in a trial to help maximise their biscuit sales. The Better Biscuits initiative has been running across eight Nisa stores for eight weeks throughout July and August. Claire Parker, Nisa’s marketing manager for category growth wholesale, said: “Biscuits is an important category.

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How Kathmandu plans to become the world’s most loved outdoor brand

Inside Retail

From switching its focus on hardcore sporting adventures to inspiring joy in the great outdoors, Kathmandu is changing things up as it primes itself for global ambitions. Here, CEO Reuben Casey discusses the brand’s homecoming to its roots and the unique challenges of purpose-led businesses. Inside Retail: Let’s discuss Kathmandu’s global transformation.

Outdoor 130
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Forrester Report: Demystifying The Technical Functions of POS Solutions

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.

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Liang Architecture Studio creates retrofuturistic boutique in Hangzhou

Dezeen

Grand steel and micro-cement structures, celestial lighting and symmetrical layouts add a sense of ceremony to the shopping experience within this clothing boutique in Hangzhou , China by Liang Architecture Studio. Located within a corner unit on a busy street in the city's Xiaoshan District, the 300-square-metre Audrey boutique sells women's fashion.

Boutique 129
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Scentre Group powers through first half despite restrictions

Inside Retail

Retail landlord Scentre Group has delivered a substantially better half-year, with profit after tax hitting $400 million compared to a $3.6 billion loss during the same period last year , while profit per security hit 8.88 cents per stapled security – up 28 per cent. “Today’s results are pleasing, and demonstrate the resilience of our platform and ability to generate cashflow,” Scentre Group chief executive Peter Allen said.

Location 130
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Kikkoman unveils autumn advertising plans

Talking Retail

Kikkoman is launching a TV campaign this autumn, following the “success” of its Chinese New Year activity earlier this year. The “Cook it up with Kikkoman” campaign will kick-off from 18 October and will include a TV advert and video-on-demand content aimed at a younger, more affluent audience, encouraging them to “try Kikkoman in everyday. This story continues at Kikkoman unveils autumn advertising plans.

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Ex-Catch executives flock together to launch Little Birdie

Inside Retail

Four ex-Catch Group senior executives – Jon Beros, Russell Proud, Kalman Polak and Guy Polak – have teamed up to form Little Birdie, a new online shopping site that officially launched on Tuesday. The site brings together 70 million products from over 1000 major brands and retailers, including Apple, Samsung, L’Oreal, Coles, Woolworths, Dan Murphy’s, JB Hi-Fi and Rebel, but unlike online marketplaces, such as Amazon and eBay, consumers can’t buy items directly from Little Birdie.

Consumer 130
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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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Guinness 0.0 launching into wholesalers

Talking Retail

Guinness is set to launch its Guinness 0.0 into wholesalers later this month. The variant will retail between £3.50 and £4.50 for a 4x440ml pack and will be supported by a consumer marketing campaign including a TV advert. Brand owner Diageo said Guinness 0.0 taps into the increasing demand for high-quality and great tasting no-. This story continues at Guinness 0.0 launching into wholesalers.

Consumer 119
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How much is your brand missing out on through bad sizing availability?

Inside Retail

Michaela Wessels, CEO and co-founder of Style Arcade, goes into the mechanics of how size curves dramatically influence your bottom line, and how to accurately calculate your ideal size ratios. The impact of size curve inaccuracy for e-commerce retailers. Did you know the profit margins of your e-commerce business are impacted by 20-30 per cent, just by buying the incorrect size range?

Fashion 130
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Cash versus cards in spending battle

Talking Retail

The decline in the use of cash in stores in the last year has been partly because of the pandemic rather than customer choice, claims research from a cash handling equipment supplier. Volumatic, which supplies cash counting machines and safes, says its research shows that 26% of consumers have had cash payments refused in the. This story continues at Cash versus cards in spending battle.

Consumer 119
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Wilson Opens N.Y. Pop-Up Tennis Museum

VMS

Sporting goods brand Wilson (Chicago) will open its SoHo, New York, pop-up museum and retail store this week, according to a press release. The museum, dubbed “Love All: A Wilson Tennis Experience” will pay homage to the brand’s long-standing history as the official ball and racquet stringer of the U.S. Open, held in Flushing Meadows, N.Y. The pop-up will also feature groundbreaking athletes like Billy Jean King, who will be present for the grand opening.

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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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To laminate or not to laminate? That is the question.

Drytac

Authored by Dennis LeBlanc, Territory Sales Manager – Eastern Canada, and the Greater Toronto Area at Drytac. To laminate or not to laminate? Have you ever asked yourself this question? If not, then perhaps you should. It could be the difference between winning or losing your next job. Laminates are an integral part of graphics and will be for years to come.

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Wages for QSR Workers Up 10 Percent

VMS

A new report from Black Box Intelligence and Snagajob shows that wages for hourly quick-service-restaurant workers has risen 10 percent in the second quarter of 2021 when compared to the same time last year, reports CNBC. The move is thought to be in response to an overall lack of workers willing to work in the sector. Employee turnover rates are also up, making the prospect of finding workers that much more difficult.

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Morici shows the production behind its Venezia collection of Luxury boxes

Design Wanted

From jewellery boxes to cigar cases, Italian furniture and accessories brand Morici takes people behind the scenes of how it handcrafts the highly-desired and high-design Venezia collection. . The excellence of artisan know-how finds its maximum expression in luxury boxes by Morici. Founded in 1979, this furniture and accessories brand labels itself as a company with a fundamental craftsmanship vocation —and it has the origin story to back it up.

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Target to Expand Disney In-Store Concept

VMS

Target will expand its Disney Store at Target concept to more than 160 of its stores by the end of the year, according to USA Today. Currently, 53 of these shop-in-shops are located inside Target stores and online. The retailer has not released the locations of the new stores. Walt Disney Co. (Burbank, Calif.) recently announced it will close 60 of its standalone Disney stores this year.

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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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LOOKNOW store by Sò Studio

Retail Design Blog

Following the opening of high-profile retail spaces in China‘s most fashion-forward cities Chengdu, Hangzhou, Shenzhen, Beijing and Shanghai, high-end women’s.

Fashion 97
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Baby food brand Mamamade launches onto Gorillas: bringing toddler ready-made meals to your door in just 10 minutes

Retail Times

Leading baby & toddler meal provider Mamamade is today announcing the roll out of its convenient Toddler Range onto rapid, on-demand grocery delivery service Gorillas.

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Buddha-Bar New York by YOD Group

Retail Design Blog

Buddha-Bar New York is a two-story restaurant featuring Asian cuisine based in the Tribeca neighborhood in Manhattan. The main idea.

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Post Office app means passports no longer needed as ID

Talking Retail

The Post Office has begun using a free app that allows customers to collect letters and parcels without having to produce documentary identification. The app, created by digital company Yoti, can also be used to confirm age when buying age-restricted products. Yoti already provides the technology for staff identification in the NHS and the airline. This story continues at Post Office app means passports no longer needed as ID.

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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.