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Unpacking the “murky” data behind the luxury spending boom

Inside Retail

The fact that some people are splashing out on $3000 handbags in the face of a recession doesn’t surprise Philip Corne, a board member for Camilla and Solbari, who was CEO of Louis Vuitton Australia from 2003-2016. “I I saw this developing in a really strong way during the period of the GFC,” he told Inside Retail.

Consumer 246
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Prada hires former Luxottica chief Andrea Guerra as new CEO

Inside Retail

Reuters reported last week that the fashion group was set to hire Guerra in a top management role to ease the succession path of the Hong Kong-listed group founded in Milan in 1913 as a leather goods shop by designer Miuccia Prada’s grandfather and his brother.

Fashion 130
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Aesop store interior references Louisiana Museum of Modern Art

Dezeen

The Danish bricks and narrow floor plan of this Aesop store in Copenhagen nod to the "humble" design of the nearby Louisiana Museum of Modern Art. Since the first Aesop outlet was designed in St Kilda, Melbourne, in 2003, the brand has opened hundreds of global stores that respond to their settings.

Interior 110
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Retail appointments of the week

Inside Retail

Together with his wife Eva and brother-in-law John Glandel, Besen began his entrepreneurial journey by taking over two lingerie shops established by Eva’s parents in 1939. Over the years, these two shops evolved into the Sussan clothing retail group, which included popular brands like Sportsgirl, Sussan, and Suzanne Grae.

Fashion 130
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What to do about loss prevention in retail

Retail Focus

Unfortunately, theft and shop lifting are issues that cause regular issues for all retailers, in some cases even on a daily basis, and leave them out of pocket. Perhaps more alarming is that this is the highest annual figure since current police recording practices began for the year ending March 2003.

Display 147
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Trillions in revenue and a million jobs: Unpacking JD.com’s 20-year roadmap

Inside Retail

The business got its first big break in 2003, during the SARS outbreak, when Liu saw an opportunity to capitalise on the burgeoning e-commerce sector and began selling products online to customers who were eager to avoid public spaces. It’s a 20-year plan, which is likely to cover multiple economic cycles.

Expansion 130
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Terry White’s journey to becoming “Australia’s favourite chemist”

Inside Retail

A big part of that is there are a lot of people now shopping in pharmacy who would not have considered shopping there pre-Covid. I worked for Aldi back in 2003 when no one in Australia knew who they were, including me! IR: What are your plans for Terry White for the rest of the year? They really are on the frontline.

Shopping 130