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The Cheesecake Shop is to have new owners. Aussie based investment River Capital has entered into an agreement to acquire The Cheesecake Shop Group (TCS) for an undisclosed amount from existing owners PAG Asia Capital. The post The Cheesecake Shop sold to Aussie investment firm appeared first on Inside Retail.
Credible reports suggest The Body Shop Australian business is facing a cashflow crisis as a result of the collapse of the UK parent company. The Body Shop operates about 100 stores in Australia and is said to be the most profitable international arm of the stricken business.
Discount retailer The Reject Shop is facing a class action lawsuit for “purported underpayments” to staff, launched by specialist law firm Adero Law Between February 2016 and April 2021, seven former employees of the discount retailer allege underpayment during their employment with the company.
Fawkner Property has agreed to acquire Cairns Central from Lendlease-managed Australian Prime Property Fund Retail (APPF Retail) for about $390 million. ” Lachlan MacGillivray of Colliers International and Sam McVay of McVay Real Estate managed the sale, the closing of which is expected in late February next year. .”
The Cheesecake Shop (TCS) is an Aussie icon. The brand’s success attracted the attention of foreign investors back in 2017, when the founding family saw the opportunity for the cake bakery business to go next level with bigger investment. Cake changing hands. Early in 2022, PAG sold TCS to Melbourne-based investor River Capital.
The deal, which was negotiated by CBRE, represents the largest CBD shopping centre transaction since 2017, when Vicinity Centres acquired its 50 per cent interest in the same centres. Assets of this scale, quality and reputation are rarely sold,” said CBRE’s Head of Retail Capital Markets – Pacific, Simon Rooney.
Global investment manager LaSalle, which acquired the property in 2017, said that 17 new and existing tenants have already signed leasing agreements at the centre. Brisbane’s Post Office Square is going through a multi-million dollar redevelopment in anticipation of a resurgence of food courts as more workers return to offices.
Talking about our break entitlements was generally a taboo topic at work, so we avoided bringing it up with managers. Whenever I asked managers about paid rest breaks, they told me that we didn’t get those because we got a free drink instead.”. I felt like I couldn’t speak up about this issue or any issues at work,” he said.
Amazon, the $2 trillion gorilla, arrived on our shores officially in December 2017, just in time for Christmas. And some seven years on, much to the dismay of retailers, it is now starting to shake the tree and become a real force in the market , as Australian shoppers increasingly turn to alternatives to manage the cost-of-living crisis.
Back in time The story starts in 2017, when then-CEO and managing director John Humble went on a bit of a buying spree. Towards the end of 2017, BWX told investors it was finished with its round of acquisitions and would focus on building out the offer it had assembled. It’s a long story. The consumer wants the product. “The
Despite the numerous obstacles the retailer faced in 2020, Jeanswest managed to retain the trust and loyalty of consumers, recently taking the title of Clothing Store of the Year 2020 in the Roy Morgan Customer Satisfaction Awards. Without [our customers and our team], we wouldn’t have come this far. Baby steps .
How Showfields veered off course Showfields was co-founded in 2017 by Katie Hunt, Tal Zvi Nathanel , and Amir Zwickel. The retailer used RetailNext’s software-as-a-service (SaaS) platform to measure consumers’ shopping journeys through the store anonymously, gathering data such as sales figures, traffic figures, customers’ gender and more.
The US-inspired shopping event – which sees retailers across the country offer deals and discounts to tempt customers and boost sales – kicks off the peak period, and is routinely one of the busiest days on the calendar for shops, large and small. Chadstone Shopping Centre in Melbourne’s south east went all out for the shopping event.
And it added new “dollar shops” for consumers to pick through seasonal, more affordably priced items. As Neil Saunders, managing director and retail analyst at GlobalData, told Inside Retail , “Having produced a string of good numbers over the past few years, Walmart is currently one of the stars of the retail market.” billion in 2017.
Amazon.com has posted its fourth straight quarter of record profits, thanks to the global shift to online shopping during the Covid-19 pandemic. . The two-day online shopping event occurred in October last year due to uncertainty around the pandemic. “In billion on sales of US$108.5 billion on sales of US$108.5 billion in 2019. “As
Back to the future “ Product trends are constantly evolving,” Sarah Hunter, managing director of Officeworks, told Inside Retail. To cement its marketshare in Australia, Officeworks introduced the pricebeat guarantee in 2017 to communicate its competitive pricing structure to consumers.
Stocking a range of vegan, cruelty-free and eco-friendly beauty, personal care, lifestyle, baby and kids, pet, food and health products, the online retailer quickly connected with consumers who shop with sustainability foremost in mind. . In 2019, the online retailer launched a bricks-and-mortar store at its warehouse in Sydney.
One of the best ways to prevent this is for district managers to conduct better store inspections. It’s also helpful to be aware of the common mistakes that managers make when auditing stores. The following paragraphs outline the top 6 errors made by district managers when inspecting retail locations. Let’s get started.
In today’s new normal, the shopping experience is no longer defined by the boundaries of bricks-and-mortar, but by the customer journey as a whole. Consumers now expect retailers to engage them whenever and wherever they want, with a shopping experience tailored to their individual needs. Revolutionising loyalty programs.
According to Woolworths MarketPlus general manager Mark Mansour, the company’s online marketplaces were already talking to the same sellers and brands and coming up with individual agreements. Despite its slower-than-expected launch in the local market in 2017, Amazon is now pulling away from the pack.
In 2017, Coles quietly teamed up with Airtasker , encouraging shoppers to put their grocery list up for auction and have gig workers bid each other down to win the job. Other “personal shopping” is done by plain-clothed gig workers, perhaps working through Airtasker on their mobile phone, who are indistinguishable from other shoppers.
The brand emerged in 2002 and has since grown from a favourite local shop in the Bay Area in California into a global company. Food giant Nestlé bought a majority stake in Blue Bottle Coffee in 2017 for $425 million in a deal that valued the company at more than $700 million.
We grew relatively quickly in Singapore, and we entered Australia in 2017, but at that time, we were still very naive. If we think about pain points in furniture shopping, one of the biggest is the transparency of pricing. Every year we just picked a different problem to solve. DE: There are so many.
More recently, the company’s offline efforts have been in the convenience space, with the launch of its cashierless Amazon Go stores, and grocery, following its acquisition of the upscale US grocery chain Whole Foods in 2017. And it would come at a time when some long-running department stores are closing up shop.
US department store chain Target is testing a new fulfilment method that promises to speed up the delivery of online orders by using its own delivery drivers from Shipt, a same-day delivery platform the retailer acquired for US$550 million in 2017. But this could change with the rise of online shopping. “As
This included the images on in-store photos, gift cards and shopping bags. A new, brighter store design was introduced and it quit playing loud, thumping music in its shops. Long-time CEO Michael Jeffries was ousted from A&F at the end of 2014, and was eventually succeeded by Fran Horowitz in 2017.
The country’s growing economy and expanding middle class have created a favourable environment for global brands to set up shop and tap into a new consumer base. In terms of Apple’s entry into the retail sector, he said this has been expected ever since the brand began its manufacturing operations in the country back in 2017.
Here, Alias Mae’s general manager Kendra Anastasiadis speaks to the evolution of the business, which she joined in 2017 as the customer service and wholesale manager, how it diversified into direct-to-consumer (DTC) e-commerce, and what is next for the business. Our major wholesale accounts are managed in-house.
A headless architecture enables businesses to use different solutions for every aspect of their website, such as search, personalisation and the shopping cart, rather than having a single piece of software with a few bolt-on applications for specific business functions. Flying the plane, rebuilding in the background. per cent in FY21, to $90.8
Black Friday, one of the most anticipated days of the entire retail calendar, has officially passed, and the results of this shopping event revealed some unique findings. Despite some concerns that Black Friday sales may have been diminished by month-long discount offerings, the shopping holiday proved surprisingly fruitful.
Clients and end-users of the our products include sign companies, shop fitters and major retailers. It was notable that TSG’s adoption of 100% renewable electricity in 2017 had already made a significant impact, returning zero contribution to this footprint for electricity.
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. 26 by Prada Holding, which owns 80 per cent of Prada group.
In addition to this, patrons could buy special merch and shop exclusive bundles, and the pop-up served as an educational tool. For Phoebe Netto, managing director of Pure Public Relations, this speaks to the new type of retail consumer that is changing how brands show up in the marketplace.
The business’ global sales development manager Marcin Kucharski also confirmed he had exited the business as of November, and said in a post on Linkedin he “hopes to share a longer post later at some point to share some updates”.
The business’ global sales development manager Marcin Kucharski also confirmed he had exited the business as of November, and said in a post on Linkedin he “hopes to share a longer post later at some point to share some updates”.
The first store will open later this year at The Americana at Brand, a shopping centre in Los Angeles, and reportedly be around 30,000 square feet – much smaller than a typical department store, which is around 100,000 square feet. Amazon Style claims to be a “new way” to shop and discover fashion. How Amazon Style works.
There are also other supply chain benefits for businesses including improved inventory management, recall readiness, sustainability, ethical sourcing and product authentication. It’s a great opportunity for retailers to start thinking about how to engage with your customer and provide a better shopping experience.”.
Burberry’s ‘Store in the Sky’ is a great example of the unique shopping experiences Farfetch creates for its luxury brands, leveraging data and the Store of the Future suite of technologies developed in 2017. We’re only at the beginning, so it will be exciting to see what forward-thinking brands create.”.
It launched its first UK store on London’s Kings Road, Chelsea, in 2017, and has since opened three further delicatessens in chic London boroughs, including Notting Hill and Wimbledon, as well as London’s food mecca, Borough Market.
The plan is to approach each platform in an “organic” way, rather than putting the same message across multiple channels to create greater brand trust and uptake on each platform, said marketing manager Matt Iozzi. “We However, while Facebook saw 17 million active monthly users in Australia as of December last year, WeChat landed at 2.9
The brand is opening its first New Zealand store at Sylvia Park, an upscale shopping centre outside of Auckland, and launching a local e-commerce site in October. Hampson said the team managing Replay would seek to avoid these pitfalls. However, it can also be hard for international brands to replicate their success overseas.
Since 2017, Dollar General has faced over US$21 million in reported fines from over 240 inspection s. In Australia, the Reject Shop and Dusk were fined A$240,000 by the Australian Competition and Consumer Affairs Commission (ACCC) for selling potentially lethal button batteries. French sporting chain Decathlon was fined A$1.5
Last week, Amazon -owned grocery chain Whole Foods announced the launch of a new format store, Whole Foods Market Daily Shop, to make grocery shopping more convenient for urban consumers. Whole Foods Market Daily Shop is not the grocery retailer’s first foray into smaller storefronts. Amazon’s US$13.7
We also opened stand-alone stores in Los Angeles and New York in 2016 and 2017. We did exclusive deals with Barneys, Kith and Selfridges, and we right-sized our business, so we were able to manage the cash flow much more effectively, because we had a much more structured approach. Can you share what that looks like today?
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