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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. According to Norton, Designwoks plans to expand in four key areas. per cent, year-on-year retail sales growth in August 2022.

Expansion 246
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Beyond the beach: Richard Facioni outlines plans for Surfstitch

Inside Retail

Data shows the rapid increase in online shopping that defined the first year of the global pandemic has started to fade, as the novelty of lockdowns wears off and government stimuluses run out, and online retailers that once enjoyed record highs are now working harder to drive sales.

Planning 246
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Five Tips To Improve Your Retail Sales Forecasting 

RetailMinded

You should always prepare for the worst because you won’t likely hit sales in all seasons without a solid sales and marketing plan and continuous sales monitoring. Sales forecasting shows the potential problems that impact sales quota to resolve them even before they arise. Hire A Financial Analyst .

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“Makes sense on paper”: Premier backs spinoff, but analysts have doubts

Inside Retail

Solomon Lew’s plan to spin off Premier Retail into individual business units, announced in August, appears to be moving full steam ahead, as kids’ stationery brand Smiggle and sleepwear brand Peter Alexander investigate potential international expansions. Lew wouldn’t disclose who Premier Retail’s partner in UAE is.

Expansion 259
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Getting pricing and products right to win in the era of inflation

Inside Retail

Australian retail sales are on the rise, but new research suggests that this growth is driven by inflation, not by consumers buying more. Cost-to-serve elements are essential to managing price and profit but can be overlooked in the race to stand out on value perceptions or promotions. . and changing quantity of consumption?.

Promotion 130
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Sheike to enter South Australia in major bricks-and-mortar push

Inside Retail

Women’s fashion brand Sheike has announced plans to open its first store in South Australia off the back of strong online engagement in the state. It’s a really vibrant space, and we’re so excited to open,” Sandra Kennedy, Sheike’s general manager, told Inside Retail. They really work hand in hand for us,” she said.

Fashion 130
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Dan Murphy’s MD talks digital channels and drinks innovation

Inside Retail

It also has a significant online presence, claiming 50 per cent of all online Australian liquor sales. Pfeiffer-Smith stepped into the MD job in July 2022, shifting across from a role as Endeavour Group’s chief strategy officer. This article was originally published in the 2023 Australian Retail Outlook, powered by KPMG.