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Revealed: Raffles’ strategy to lure back in luxury customers

Inside Retail

The pandemic had of course hit the retail market in Singapore with movement restrictions for the last two years, and the management saw this an opportune time to recalibrate and refresh its retail offerings. The post Revealed: Raffles’ strategy to lure back in luxury customers appeared first on Inside Retail.

Strategy 130
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Dusk sales drop as stores closed, but online growth cushions the blow

Inside Retail

Australian specialty retailer Dusk, has reported poor sales based on unaudited management accounts for the first half of the financial year. In a trading update, the company said sales fell 12 per cent to $80 million compared to $90.9 million in the first half of FY21 and $59.6 million in the first half of FY20.

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Retail appointments of the week

Inside Retail

Aussie retail giant Barbeques Galore has just beefed up its team, welcoming on board Steve Gardner as general manager, retail and Rosie Alford as general manager, product. Gardner previously led the product team at the retailer and in his new role he will be overseeing the company-owned store network.

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Bed Bath & Beyond Confirms $1.2 Billion-Plus Loss

VMS

26, the same figure the struggling retailer said it expected to post in a business update it issued last week. That update also said there is “substantial doubt” the specialty retailer can continue operating, but the latest release did not include that phrasing. (Union, N.J.)

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Bed Bath & Beyond Confirms Sales Decrease of 33%

VMS

26, the same figure the struggling retailer said it expected to post in a business update it issued last week. That update also said there is “substantial doubt” the specialty retailer can continue operating, but the latest release did not include that phrasing. (Union, N.J.)

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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 I started as general manager of Advance Traders in October 2008,” Garnsworthy added. million loss in FY23 after a $23.7 million profit the year prior.

Planning 130
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What is Omni-channel Retail?

Retail Bound

To be competitive in today’s market, brands need to think about how they will drive product sales across all channels, as well as how they will manage customer data and marketing activities. They must also keep in mind the cost associated with setting up multiple storefronts and managing them daily.