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As France weighs fast-fashion ban, is the circular economy the future of retail?

Inside Retail

It’s a trend that’s also playing out close to home with Roy Morgan’s Future of Australian Retail address highlighting the dichotomy between the $8 billion in sales cheap offshore marketplaces are sucking out of the market versus the increase in people wanting to shop more ethically and sustainably while still looking for quality.

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

Inside Retail

Australian athleisure brand LSKD has appointed its first chief retail officer, the former director of retail for Lululemon ANZ Alex Shaughnessy, as part of its strategy to become a world-class retailer. Its 10th store will open at Sunshine Plaza on March 10, and its 11th store at Pacific Fair on May 4.

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Retail appointments of the week

Inside Retail

Hwang-Judiesch was appointed president of Hudson’s Bay in September 2022, leading the store organisation, including the execution of the company’s in-store digital selling transformation, customer experience and store optimisation strategy. Nairn’s retirement culminates a 46-year career in retailing. By Tong Van.

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Buckle Up, Retailers: Strategies For Growth During The Most Frugal Holiday Season Ever

RetailMinded

Recent research by Brightpearl showed almost seven in 10 US (68%) and half of UK shoppers (49%) are worried about affording the holidays and will be halting their purchases sooner than ever this season, saving what little income they have for essential food, energy and healthcare expenses. Quit The Sporadic Marketing.

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Barnes & Noble CEO: “The big guys should be doing better”

Inside Retail

In conversation with reporter Lauren Thomas of The Wall Street Journal, Daunt discussed the realities of keeping up the bookstore chain’s legacy in a rapidly shifting market. According to NPD Bookscan, 2022 Barnes & Noble’s book sales totaled 788.7 million units in 2022, which was down 6.5 And to an extent, Daunt has.

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‘Low prices for life’: Kmart commits to value as inflation stings customers

Inside Retail

In a recent survey by the Australian Retailers’ Association and Roy Morgan, 42 per cent of respondents said the rising cost of living would impact how much they spent on gifts for Father’s Day – a troubling sign for the upcoming holiday season, when many retailers make up the bulk of their sales for the year. Low prices for life.

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India set to revamp its retail landscape with policy overhaul

Inside Retail

Over the past decade, the retail sector has consistently achieved a CAGR above 10 per cent. Sanjiv Singh, Joint Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), recently stated, “This strategy [policy overhaul] will assist traders in obtaining additional loans and improved infrastructure.