Inside Retail

FEBRUARY 22, 2024

The appointment of Amanda Bardwell as Woolworths Group’s next managing director and CEO, effective September 1, marks a historic moment for the parent company of Woolworths Supermarkets and Big W, which reported nearly $65 billion in sales last financial year. She took on her most recent role, as the managing director of WooliesX, in 2017.

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Inside Retail

AUGUST 6, 2023

This collapse follows the demise of Australian furniture brand Brosa late last year – which cited declining sales and cash flow pressures – as well as heightened challenges faced by small-to-medium sized retailers that are struggling to cope with rising costs, and a slowdown in foot traffic and consumer activity.

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Inside Retail

OCTOBER 25, 2022

But when you’re growing a business, particularly an international fashion business, it’s particularly heavy on resources and cash flow. In 2008, they actually went into administration. They were a victim of their own success. A group called Bleach stepped in and picked up their debt and ran the business until 2014.

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Inside Retail

JUNE 8, 2023

Scotsman Ian McLeod has built his retail career around managing transformation, having worked on every continent of the planet except Antarctica – “There are not many stores there,” he quipped. And it varied from country to country and market to market.”

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Inside Retail

OCTOBER 14, 2021

But in truth, he was a retail pharmacist working for Boots, and it was at a time when the company thought it was important to move their management every three years so they could bring fresh thinking into the stores and the regions. On the back of that post-grad, I had a fortunate early break.

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Inside Retail

DECEMBER 4, 2022

Of course, two more rate rises would follow in 2008 with the cash rate peaking at 7.25 It might involve some short-term disappointment, but you’ll be better off managing inventory levels more reliably than not marking down quick enough in the hope you’ll keep a more respectable margin. per cent in November.

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Inside Retail

AUGUST 25, 2022

And below is part two, featuring advice from Greenlit Brands CEO Michael Ford, former Target Australia CEO Launa Inman and Camilla CEO Jane McNally about the lessons they learned during the Global Financial Crisis of 2008 and how they apply to the current environment. Of course, you also have to manage costs, but that’s always important.

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