Inside Retail

AUGUST 27, 2023

PAG, an investment firm focused on Asia Pacific, has signed a definitive agreement with private equity company KKR to acquire food and beverage hospitality business Australian Venue Co (AVC) for an undisclosed amount. AVC currently owns and operates more than 210 pubs, bars and restaurants across Australia and New Zealand. KKR invested in AVC in 2017 when the company only had 50 leasehold venues.

Consumer 246

Consumer Shopping 246

Mindful Design

AUGUST 27, 2023

In the world of retail, it’s all about what catches the eye. Your end caps and window displays can play a crucial role in attracting and retaining customers, ultimately having a great impact on sales. If you want to get more out of these elements, consider these professional tips and tricks to maximize the potential […] The post End Caps and Window Displays That Increase Sales – Pro Tips and Tricks appeared first on Mindful Design Consulting.

Display 75

Display Design Retail Design 75

Inside Retail

AUGUST 27, 2023

Retail spending grew 2.1 per cent year-on-year in July as consumers spent more than $35.3 billion in stores and online, according to data from the Australian Bureau of Statistics (ABS). Food sales (up 4.9 per cent) and cafes, restaurants and takeaway sales (up 9 per cent) bolstered overall retail activity. Meanwhile, other categories recorded “negative sales for the second consecutive month” with household goods down 4.9 per cent followed by clothing, footwear and accessories sales down 0.3 per

Department Stores 246

Department Stores Accessories Accessories Retail Sales 246

Inside Retail

AUGUST 27, 2023

As Aussie shoppers’ expectations grow, your BFCM (Black Friday Cyber Monday) planning needs to start earlier every year. But if you’re in the habit of just doing a big promotion and blasting it at your customers and followers, you’re in for a rude shock this year. There are a few things Sinch MessageMedia knows better than retailers and messaging. Last November alone, we processed around 34 million messages for ANZ retailers as they hyped up their customers in the lead-up to Black Friday.

Strategy 243

Strategy Customer Engagement Engagement Social Media 243

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 27, 2023

Pureplay retailer Booktopia says a challenging economic climate coupled with the impacts of its transition to its new customer fulfilment centre (CFC) resulted in a loss of $29 million in FY23. Sales for the year to June 30, fell 18 per cent to $197.6 million while underlying EBITDA declined 173 per cent to $4.6 million. The average order value grew 4.9 per cent to $79.29 while the average units shipped fell 19.6 per cent to 6.83 million.

Management 235

Management Marketing 235

Inside Retail

AUGUST 27, 2023

With customers continuing to seek more value as cost-of-living pressures bite, Wesfarmers’ Kmart Group is set to benefit from shifting consumer demand, and an increasingly strong value proposition. This is the message put forward by Wesfarmers’ CEO Rob Scott, and Kmart Group managing director Ian Bailey, to investors last week. The group, which is made up of discount department store brands Kmart and Target, as well as online marketplace Catch, delivered record earnings during FY23 – a 52 per ce

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Department Stores Apparel Strategy Consumer 130

Inside Retail

AUGUST 27, 2023

Aloysius Chay started Hydragun, a direct-to-consumer wellness brand offering premium products to aid recovery and relieve aches and pain, after suffering a training injury and realising how big the market for such products was. “Whether you are young or old, active or otherwise, pain is something that everyone would experience at some point – and my team and I aim to innovate and create recovery solutions to help people feel good, get better and live their best lives,” he told Inside Retail.

Social Media 130

Social Media Consumer Marketing Management 130

Inside Retail

AUGUST 27, 2023

After its launch just two and a half years ago, Aje Athletica has become a powerhouse in the athleisure space. But moving forward, the business will be focusing on upping the fashion factor of its collections. Holding its first ever runway show earlier this month at the Sydney Opera House, Aje Athletica is working to evolve its business beyond its initial offering of leggings, sports bras and other workout wear – and instead deliver more “elevated” designs – though still with its customers’ acti

Fashion 130

Fashion Beauty and Health Strategy Space 130