Inside Retail

FEBRUARY 16, 2024

The business fell on hard times during the Covid lockdown period and despite robust restructuring initiatives over recent years, the well-documented difficulties across the retail sector appear to be the key contributing factor to the company’s demise,” Howlett said in a statement provided to SmartCompany.

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Inside Retail

APRIL 2, 2024

Marquee Retail Group, which owns Colette and The Daily Edited, has collapsed into administration, citing an unexpected sales decline since October. That was compounded by ongoing debt arrangement with the ATO, which dates from the Covid-19-induced drop in sales.

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Inside Retail

JANUARY 29, 2024

Trans-Tasman vacuum retailer Godfreys has collapsed into administration and is expected to shut down 54 stores as well as cull 193 jobs. The company was also struggling to recover from the “unprecedented business disruptions” of the Covid-19 pandemic, Allen added.

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Inside Retail

OCTOBER 20, 2023

The brand was acquired by Crescent Capital in 2017, but fell into voluntary administration in March 2020, largely due to the impact of the Covid-19 pandemic. Tigerlily posted about $20 million in revenue in FY22 and expects double-digit growth this year.

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Inside Retail

FEBRUARY 13, 2024

Brisbane’s Post Office Square is going through a multi-million dollar redevelopment in anticipation of a resurgence of food courts as more workers return to offices. ” Westlake noted that Brisbane CBD has one of the highest office return rates in Australia after the Covid-19 pandemic. .

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Inside Retail

OCTOBER 24, 2023

In 2020, Pavement entered voluntary administration as it struggled with the impacts of the Covid-19 pandemic. The post Teen clothing brand Pavement makes a comeback – at Big W appeared first on Inside Retail Australia.

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Inside Retail

DECEMBER 13, 2022

Brosa, the upmarket online furniture brand, has been placed in voluntary administration, citing a decline in trade since Covid-19 restrictions enabled consumers to shop at physical stores again. The business faced challenges when sales declined after the Covid-19 restrictions were lifted,” said Tucker.

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Inside Retail

SEPTEMBER 20, 2021

Last night, General Pants CEO Sacha Laing wrote an open letter to the Australian retail industry, encouraging the sector to collectively invest in the mental health of their teams. Beyond hand sanitiser and temperature checks: How leaders can support retail workers. Other ways retailers can create mentally healthy workplaces.

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Inside Retail

APRIL 12, 2023

During the years affected by Covid-19 pandemic restrictions, when freedom of movement was restricted, Australian retailers redoubled their efforts to consolidate their position in the local market. Retailers are no exception to this, with a growing number identifying global opportunities.

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Inside Retail

OCTOBER 27, 2021

per cent compared to the first quarter of FY21, with the return to lockdown caused by the Delta variant of Covid-19 causing some significant disruptions in the business’ supply chain, stores and to its customers. The post Coles’ growth stifled by shift in shopping behaviour appeared first on Inside Retail.

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Inside Retail

NOVEMBER 23, 2023

Luxury fashion retailer Oroton Group says its profit more than tripled on the back of higher sales and stricter cost and inventory management in FY23. The post Oroton trebles profit after rigorous cost-control measures appeared first on Inside Retail Australia. The company booked a net profit of $8.2 times from last year.

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Inside Retail

SEPTEMBER 6, 2021

Profit reporting season for retailers listed on the Australian Securities Exchange (ASX) will, in all likelihood, post some positive results despite the doom and gloom of Covid-19.

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Inside Retail

APRIL 27, 2022

Coles Group weathered what it described as significant Covid and flood-related disruptions during the third quarter to post a 3.9-per-cent per cent to $269 million which the company says was related to Covid isolation and state Covid-19-related regulations. . per-cent lift in sales to $9.295 billion. .

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Inside Retail

MAY 29, 2023

Shoemaker Jo Mercer has opened her first brick-and-mortar store, Matilda Life, in one of Melbourne’s biggest retail zones. Matilda Life, an Australian-made lifestyle brand, was born during the Covid-19 pandemic in 2021 to support hard-hit Aussie producers.

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Inside Retail

OCTOBER 26, 2021

We will be offering the TGA approved Hough Pharma Covid Antigen Nasal Test in packs of two and five,” a Coles spokesperson told Inside Retail. According to Healhylife, the tests detect indicators of the body’s creation of antibodies against the Covid-19 virus, and may not necessarily provide a diagnosis of a current Covid-19 infection.

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Retail Focus

JANUARY 12, 2022

The ongoing Covid-19 pandemic and especially the rapid spread of the Omikron variant also have an impact on EuroCIS 2022 , which will now be postponed to May 31 to June 02, 2022. ” We want to give all those involved in the retail industry, which has been particularly affected by the pandemic, the ability to reliably plan.

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Inside Retail

NOVEMBER 15, 2021

The world’s largest Ikea store, Ikea Pasay City in Manila, is set to open its doors to the public this month after being delayed due to the Covid-19 pandemic. While two floors are dedicated to retail activities, the remaining floors are for stocks and e-commerce operations.

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Inside Retail

DECEMBER 19, 2023

Sixteen restaurants managed by the all-you-can-eat Japanese restaurant business Okami have entered voluntary administration, as its founder contends with delayed Covid-era costs and rising inflation. The first meeting of creditors will be held virtually on December 19. It is a testimony to the quality of our business model.”

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Retail Times

JUNE 1, 2021

Strong data maturity is helping 62% of consumer product and retail data masters achieve scale with their AI and analytics proofs of concept, and 73% derive quantifiable business value from their data.

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Inside Retail

MAY 2, 2023

There was huge momentum behind the ‘shop local’ movement over the last few years, as consumers were restricted to certain locations during Covid-19 lock-downs, and felt connected to the success and survival of local businesses. There has also been a rethinking regarding how office and retail spaces can potentially be used.

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Inside Retail

DECEMBER 15, 2022

Digital furniture retailer Brosa collapsed into voluntary administration on December 14. It tripled in size over this period and – according to a recent Inside Retail report – outpaced the growth of other furniture businesses in the space , such as Temple & Webster. Caught with stock.

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Inside Retail

JUNE 30, 2023

“The demand for luxury products continues, and the Perth CBD will see the biggest change in its retailing landscape in the last 30 years,” said Lease Equity MD Jim Tsagalis. “Luxury retailing continues to defy retail trends around the world, including in Perth. billion in size.”

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Inside Retail

JULY 22, 2021

Activewear brand Lorna Jane has been fined $5 million over false and misleading claims it made last year that its of products protected against Covid-19. The post Lorna Jane fined $5 million for “predatory” anti-virus activewear marketing appeared first on Inside Retail. Lorna Jane thinks so.”.

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Inside Retail

APRIL 27, 2021

Luxury fashion retailer Harrolds has, effective immediately, shuttered its Pacific Fair, Gold Coast, location after months of negotiations with landlord AMP Capital fell through. View this post on Instagram A post shared by Harrolds (@harroldsaus).

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Inside Retail

OCTOBER 11, 2023

According to Statista, the US furniture retail category is worth $379.6 According to Retail Insight Network , retailers across the US have invested in physical stores this year: with retail space availability having hit a record low. The post Can King Living differentiate itself in the $379b US furniture market?

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Inside Retail

FEBRUARY 5, 2023

Pizza giant Domino’s opened the most stores in the fast food sector last year, according to the 2022 Annual Fast Food & Quick Service Restaurant (QSR) Retail Network Report. This store activity in Melbourne may be attributed to limited growth or temporary closures observed across Covid-19,” said Johnson.

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Inside Retail

DECEMBER 6, 2021

Retail and fast-food workers across Australia have seen their working hours and job security fall over the course of the pandemic, alongside an uptick in customer aggression , according to a joint report by the Australian National University and the University of Sydney. Retail workers are not the police or trained security personnel.

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Inside Retail

APRIL 27, 2021

In the past few years, trading conditions have been harsh for the retailing landscape, and 2020 certainly added extra pressure for most. The impact of Covid-19 has left many consumers with fewer reasons to shop and even fewer ways of doing so.

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Inside Retail

SEPTEMBER 1, 2021

Australia Post has temporarily paused parcel collections from e-commerce retailers throughout New South Wales, Victoria and the Australian Capital Territory due to the worsening Covid-19 outbreak. It’s been quite an unprecedented period for Australia Post,” Starr said.

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Inside Retail

DECEMBER 21, 2021

This is welcome news for retailers, who are keen to see consumers return after a tough few months, and is also great for consumers hoping to get good value from their shopping.”. The post Boxing Day spend tipped to hit $4bn this year appeared first on Inside Retail.

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Inside Retail

FEBRUARY 27, 2022

Retail sales surged by 6.4 Food retailing recorded the largest monthly increase since last July, up by 4.5 Food retailing recorded the largest monthly increase since last July, up by 4.5 Retailers have been resilient throughout the pandemic. per cent, and of household goods by 5.9 per cent in January. .

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Inside Retail

SEPTEMBER 27, 2023

. “We are encouraged by the growth opportunities available to Smiggle as demonstrated by the brand’s strong sales performance post-Covid and we continue to field interest from partners and landlords globally.” ” Premier Investments’ retail sales rise as brands recover from Covid-19 impact.

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Inside Retail

SEPTEMBER 14, 2023

Given the numerous and complex challenges that retail staff have confronted in recent years – such as rampant underpayments , retail crime, customer aggression, the Covid-19 pandemic and wages not keeping up with the cost of living pressures – it might come as no surprise that burnout, turnover and absenteeism remain high.

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Inside Retail

FEBRUARY 21, 2022

billion despite sales disruptions in supermarkets and liquor segments through its first half due to the impact of Covid-19. On a two-year comparable basis – which compares the latest half with the corresponding period pre-Covid, sales in supermarkets grew by 8.6 per cent to $975 million due to Covid disruptions.

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Inside Retail

AUGUST 18, 2021

Discount department store The Reject Shop’s full year results tell an interesting story – one of business suffering under the impact of the Covid-19 lockdown, but also one of a strong reset to an ailing business model. Total sales in the chain fell 5.1 per cent over the course of FY21 to $778.7 Total sales in the chain fell 5.1

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Inside Retail

AUGUST 6, 2023

The brand, which has appointed Adam Nikitins and Stewart McCallum of EY to oversee the liquidation process, is one of a number of mid-sized retailers being hit hard by macroeconomic conditions and rising cost of living pressures. Inside Retail has reached out to EY for comment.

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Inside Retail

JULY 25, 2023

Super prime CBD retail rents have surged across Brisbane, Sydney, and Adelaide for the first time since the onset of Covid-19, according to a report by the CBRE. per cent quarter-on-quarter to $3275 per sqm, the Australian Retail Figures Q2 2023 report shows. Brisbane was close behind with a 7.2

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