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

Inside Retail

Chop and change Acquired in 2007 along with Coles and Kmart, Target started off in a strong position in Wesfarmers’ stable. But while Target initially seemed to be in a strong position, there was a lack of stability and understanding of what made the business tick within its management ranks. We’ve done a lot of listening to customers.

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Mad Mex exits Asia. Here’s the new growth strategy for Australia

Inside Retail

Here, Clovis Young, founder and CEO at Mad Mex, shares the struggles the brand faced in Asia, the strategy for growth in Australia, and how the brand is ramping up its healthy eating message in stores. IR: What does the growth strategy look like for Australia in the next 12 months? IR: Health is a big focus of the Max Mex strategy.

Strategy 130
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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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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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“Building a brand from the ground up”: Inside LSKD’s San Diego expansion

Inside Retail

Here, we speak to founder and CEO Jason Daniel about the brand’s international strategy, e-commerce’s growing interest in physical retail, and doing more with less. JD: I was very lucky to have LKI [Loose Kid Industries] before LSKD, from 2007 to 2018. I transitioned the brand to LKI in 2007. How are you handling that?

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

Inside Retail

In a filing, the company announced it would spin off its flagship retail K11 brand management to a newly established company by Cheng for HK$209 million, aiming to reduce operating costs. The former CEO of New World Development graduated from Harvard and served at Goldman Sachs and UBS before joining the company in 2007.

Art 244
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Exclusive: Milligram founder Scott Druce talks new global role at Typo

Inside Retail

I didn’t even have a CV,” said Scott Druce, founder of the upscale Australian stationery chain Milligram, who recently announced his departure from the business he started in 2007. The opportunity to have a bigger impact as a leader was one of the factors that influenced his decision to take on the role. “As