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As wine shipments flow into China again, brands face falling alcohol consumption

Inside Retail

But China has been lifting trade barriers on other goods as relations improve and Australian officials and industry expect a review of the wine tariffs begun by Beijing last year will lead to their removal next month. Australia’s government said in December it was confident the tariffs would be lifted in early 2024.

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LSKD appoints first chief retail officer as part of its “audacious” growth plan

Inside Retail

The streetwear retailer is Australian-owned and operated, with a commitment to being a responsible, sustainable business that cares for its supply chain, people, and the planet, with a mission to inspire others to be 1 per cent better every day. LSKD was recently named ‘Business of the Year’ in the 2024 Telstra Best of Business Awards.

Planning 264
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Why it’s a good idea to offer payment plans to your business customers

Inside Retail

This article outlines why tapping into automated accounts receivable solutions along with offering more convenient payment plans to your business customers is a good idea and smart business practice. Why should your business provide payment plans to business customers?

Planning 264
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RIP: The late Terence Conran’s once high-flying Habitat is no more

Inside Retail

The company’s trustees have initiated a final liquidation due to the lack of cash flow and a recovery plan. The fate of five other shops in Barcelona, Geneva, Madrid, Milan and Zurich is unclear. Europe-based home furnishing chain Habitat has shut down all of its operations, just a month after collapsing into receivership.

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‘Always thank your team’ — and other management tips from a Toys R Us exec

Inside Retail

Speaking at the Signifyd FLOW Summit this week, Cherian said that having a seamless omnichannel approach proved to be the best strategy to adopt during Covid-19, hands down. But the modernisation and new channels that retailers adopted last year were actually just an acceleration of their five- to 10-year plans, according to Cherian.

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The retail turnaround rules

Inside Retail

Sometimes, sales and margin underperformance happen quickly; on other occasions, it takes a while for management to realise they are trending downward. Rule 3: Hope is not a plan Retail turnarounds don’t just happen. Don’t develop a plan A without a credible plan B, C, or D. The 2024 Australian Retail Outlook is out now.

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Suppliers: How to get your retail business customers to pay you quicker

Inside Retail

In this article, we outline how your business can strengthen its cash flow and grow by providing more payment options to retail business customers. While trade credit may be convenient for your customers as they don’t need to pay anything upfront, it can cripple your business’s cash flow when payments are late. . Boost cash flow.

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