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Second strike: Fitbit fined again for misrepresentation

Inside Retail

Fitness tracker Fitbit is facing an $11 million penalty in Australia after admitting it committed deceptive representations about consumers’ rights to a refund or replacement if the device sold was found faulty. The post Second strike: Fitbit fined again for misrepresentation appeared first on Inside Retail Australia.

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Tod’s says China lockdowns won’t derail 2022 results

Inside Retail

Italian luxury shoe maker Tod’s sees analysts’ expectations for 2022 sales and profitability as achievable despite a marked slowdown in China due to widespread Covid-19 restrictions, its finance chief said. The analyst consensus is for 2022 sales of around 970 million euros and a 5 per cent EBIT margin.

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Woolworths’ Petstock takeover cleared to proceed

Inside Retail

Woolworths will not face opposition from the Australian Competition & Consumer Commission (ACCC) to acquire a 55 per cent stake in Petstock – the country’s second-largest specialty pet retailer.

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Shrink or grow? Predictions for online retail in 2022

Inside Retail

I’ll start with a particularly interesting one that has strong voices on either side: what proportion of sales will be online in 2022? In fact, he was predicting that as early as 2017, when online was under 5 per cent. Yet we’ve also seen consumers in locked down states line up for hours to access physical retail as it reopened.

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Why Dutch-style bike brand Lekker is embracing e-bikes and retail partners

Inside Retail

It is removing all non-electric bikes from its offering and reversing course on its direct-to-consumer strategy as it looks to expand its market share. In 2022 I went to Brisbane and scouted the location there and we started straight away,” Niels Bark, Lekker’s CEO, told Inside Retail. million this year. million, with a CAGR of 8.52

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From China to India, how the world’s retail markets stack up: report

Inside Retail

In an era marked by economic flux and shifting consumer preferences, the global retail landscape stands at a pivotal juncture, ripe with both challenges and opportunities. trillion in 2022 and grew at a CAGR of 8 per cent from 2017 to 2022. trillion from 2022 to 2027. It was valued at $3.8

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NRF 2022: Robomart Secures Patent Protecting Model to Provide Store-Hailing Services

VMS

16, 2022 – Robomart announced today that the company has been issued a patent (No. The company, which is the world’s first store-hailing service, is revolutionizing the retail industry by delivering the fastest and most convenient shopping experience to consumers through its fleet of on-demand mobile stores. LOS ANGELES – Jan.