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Pet Circle secures $75 million to fund expansion

Inside Retail

Online pet supplies company Pet Circle has secured $75 million in funding from its existing top-tier investor, Prysm Capital, coming after strong retail sales of $308.8 Why Pet Circle is expanding into insurance amid pet spending boom The post Pet Circle secures $75 million to fund expansion appeared first on Inside Retail.

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What Vietnam’s new expansion rules mean for Australian retailers

Inside Retail

How the ENT works The ENT is, in its simplest terms, a trade barrier, in which the relevant provincial People’s Committee in Vietnam assesses the economic impact of a new retail store greater than 500sqm in size on its local market. The ENT doesn’t apply when it is the retailer’s first store in Vietnam. per cent in 2023.

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Inside Designworks’ four-pronged expansion strategy

Inside Retail

Designworks’ divisional general manager Brooke Norton told Inside Retail that the brand sells about 15 million units each year and is heading towards $200 million in wholesale sales. The market is holdings its breath. Designworks is expanding because it sees opportunities to bring new, international brands into the market.

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Australian retail sales are looking strong

Inside Retail

Australian retail sales reached a record high in the last three months of 2021. The fourth quarter sales data from the Australian Bureau of Statistics (ABS) showed an 8.2 per cent increase in sales. Retail sales in NSW & Victoria rose by 15.3 What are the implications of the strong retail sales data?

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Vietnam’s Vincom shifts focus from expansion to upgrades

Inside Retail

Reports have been circulating for more than a month now that Thailand’s Central Group is in talks with Vietnam’s Vincom Retail that could lead to the Thai company buying a majority stake. It is a particularly big headache in secondary markets and the non-CBD areas of the big cities. So far, it’s doing the trick. per cent.

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From China to India, how the world’s retail markets stack up: report

Inside Retail

Kearney, a renowned global consultancy firm, recently unveiled its latest findings in the 2023 Global Retail Development Index (GRDI) report , shedding light on emerging market potentials and strategic pathways for retail expansion. Estimates suggest China’s social commerce market enjoyed a 40.25

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Recipe for success: Impossible Foods eyes expansion in Asia

Inside Retail

So far in 2022, we’ve seen a nearly 70 per cent increase in retail sales. Our market share is up almost 6 per cent compared to a year ago, from roughly 9 share points to 14,” Laurent Stévenart, Singapore’s country manager for Impossible Foods, told Inside Retail. The Singapore market. The future is bright.

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