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Officeworks MD: “Product trends are constantly evolving”

Inside Retail

Back to the future “ Product trends are constantly evolving,” Sarah Hunter, managing director of Officeworks, told Inside Retail. Officeworks’ evolution Officeworks became part of Wesfarmers in November 2007 following the conglomerate’s acquisition of Coles Group by way of a scheme of arrangement.

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Why the Kmart-Target back end merger has been a decade in the making

Inside Retail

For now, the businesses will remain separate in the eyes of the consumer, though they will share systems in the back end, such as having a single tech-stack. Chop and change Acquired in 2007 along with Coles and Kmart, Target started off in a strong position in Wesfarmers’ stable. The impacts of Covid-19 are just the icing on the cake.”

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Adrian Cheng’s resignation marks turning point for New World Development

Inside Retail

“The economic reasons behind the losses are elevated interest rates and weak consumer and business confidence in Hong Kong, which has affected rental income and property valuation,” Gary Ng, senior economist at Natixis, told Inside Retail. “It The youngest son, Christopher Cheng, was appointed as co-CEO of Chow Tai Fook Enterprises.

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“Building a brand from the ground up”: Inside LSKD’s San Diego expansion

Inside Retail

JD: I was very lucky to have LKI [Loose Kid Industries] before LSKD, from 2007 to 2018. Can you tell me about launching the business initially, and why you shifted your focus in 2018 to direct-to-consumer – first online and now offline as well? I transitioned the brand to LKI in 2007. How are you handling that?

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Bunnings MD Mike Schneider: “I have the best retail job in the country”

Inside Retail

Last week, Bunnings managing director Mike Schneider joined Australian Retailers Association CEO Paul Zahra on the ARA podcast about how he began his career in retail, what a typical day looks like for him – and why he reckons he has the best retail job in the country. They were happy to take me on as a regional manager in Victoria.

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How to make cashless pay off for you

Inside Retail

Technological advancements over the past decade revolutionised the way consumers pay for goods and services. Data from the Reserve Bank of Australia suggests that, nowadays, cash is used for only 16 per cent of in-person transactions, down from about 70 per cent in 2007. The retail world is embarking on a cashless revolution.

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Are more discounts on the cards before Christmas?

Inside Retail

In 2007, the cash rate was on an upward trajectory hitting an 11-year high of 6.75 Discounts were the order of the day, and consumers with any cash left in their wallets got a pre-Christmas treat at the shops. But compared to 2007, we’re in slightly new territory. We’ve seen it happen before. per cent in November.

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