article thumbnail

How 99 Bikes plans to return to profit with an electric-powered push

Inside Retail

Australian specialty retailer 99 Bikes has announced its B Corp certification as the business continues to backpedal from its $12.4 This year, the group has closed three stores in New Zealand and in the highly competitive UK market, two closures are planned. million loss in FY23 after a $23.7 million profit the year prior.

Planning 130
article thumbnail

Suburban shopping strips are struggling, but they still have time to evolve

Inside Retail

Bank data and reports from the Australian Bureau of Statistics indicate a more severe impact on smaller businesses from consumer spending cutbacks — and many small retailers are located in strip centres. However, there are longer-term factors changing the fabric of strip centres.

Shopping 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Our Place Opens First Retail Store

VMS

Our Place, which describes itself as a mission-driven kitchenware brand, has opened its first-ever retail store in the brand’s hometown of Los Angeles. The specialty retailer also said it plans to open a second locale in the city by year-end but did not disclose specifics on its timing or location.

article thumbnail

Revived MKT Square brings opportunities to Brisbane’s north

Inside Retail

Located in the rapidly growing Moreton Bay region, MKT Square’s stage two master-planned multi-million-dollar transformation is nearing completion, offering retail and hospitality operators far and wide the opportunity to be part of the growing market.

article thumbnail

Open to Buy: The Retail Business Art

Retailing Insight

It is the process of developing a great sales forecast and combining it with a sales and inventory plan to create cash flow. Further, if you have multiple locations, each location should have its own forecast for each classification of merchandise. Businesses that we work with that follow the plan have cash. Is That it?

Art 52
article thumbnail

What is Omni-channel Retail?

Retail Bound

Although many new product companies are finding success selling on Shopify or Amazon, online sales still only represent 20% of all retail sales, whereas offline channels like brick-and-mortar locations, catalog, TV Shopping and Reward and Incentive markets represent 80%. Retail stores is by far the largest retail market segment at $6.5

article thumbnail

Here’s how Best & Less plans to stand out in the crowded discount sector

Inside Retail

Best & Less sees itself as a hybrid between a discount department store (DDS) and specialty retailer. “We We are a value retailer, like DDS participants, but we approach it with a specialty mindset. On being everyday low cost. For us, quality and value must go hand in hand,” Orrock said. “We

Planning 130