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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.
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.
Beauty brand The Body Shop has been acquired by pan-European alternative investment firm Aurelius from Natura & Co for £207 million (US$258.69 The Body Shop has over 900 company-owned stores across 20 countries and has partnerships with franchisees operating 1600 stores in additional 69 geographies.
Discount retail store TK Maxx has opened a store at Ocean Keys Shopping Centre in Clarkson, marking its entry into the WA market. This is TK Maxx’s 78th store in Australia since it started its operations in the country in 2017. TK Maxx is a subsidiary of US-headquartered apparel and home fashion discount retailer TJX Companies.
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.
“When it comes to makeup, I always say, ‘use without caution,’ and now you can shop without caution, too.” However, beauty brands and other companies in various retail sectors have been integrating AR technology into the consumer shopping experience since well before 2020.
Discount retailer TK Maxx is set to open its first store in Perth’s Ocean Keys Shopping Centre, Clarkson on October 5. Since its expansion into Australia in 2017, the retailer has opened 78 stores including the new TK Maxx store in WA.
The largest shopping centre in Far North Queensland, Cairns Central boasts 51,972sqm of gross lettable area and more than 180 tenants including Myer, Woolworths, Coles, Kmart, Target, and Event Cinemas. “The outlook for Australian retail is positive.
Scentre Group is looking for an investor interested in taking a 50-per-cent stake in its Westfield Whitford City shopping mall in WA. Colliers’ MD of retail capital markets for Asia Pacific, Lachlan MacGillivray, has been appointed to sell the shopping centre stake through an expression of interest campaign.
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.
Korean brand Acmé de la Vie (ADLV) has unveiled the launch of its first physical store in New South Wales, marking its third shop in the country. The shop – which sells unisex streetwear clothing and accessories – is situated on Level 4 of Westfield Chatswood in Sydney. There is a life-size sculpture in the middle of the store.
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.
Melbourne’s shopping strips have made a staggering recovery as vacancy rates drop below pre-Covid levels, according to new research. Vacancy rates across 36 key shopping strips fell from 10.3 per cent in 2017 to 30.9 per cent in 2017 to 30.9 per cent last year to 6.7 per cent with about one-third of all tenancies or 33.4
UK-based outdoor retailer Moutain Warehouse will launch its first Australian physical store in Brisbane’s Skygate Shopping Mall in July. The launch follows the brand’s Australian website, introduced in 2017, and its success in New Zealand, where it now has 24 locations.
Opening the boutiques in two nerve centres of the Greek island, the house choose the centre of Chora for a single-floor pop-up and Nammos for a two-floor summer shopping emporium. Each summer since 2017, Dior’s artistic director, Maria Grazia Chiuri has enjoyed breezing into tony resorts with pop-ups.
KKR invested in AVC in 2017 when the company only had 50 leasehold venues. The acquisition of AVC marks PAG’s latest investment in Australia’s growing consumer sector, with previous control investments including Craveable Brands, The Cheesecake Shop, and Cordina Farms. This is an exciting time for AVC.
Following on from the successful House of Colour Play store concept launch in 2017, ETUDE wanted to revisit the sweet and playful aesthetic of the brands roots with a renewed retail identity. The aim was to achieve a best-in-class global store concept that presents shopping as a fun, engaging, and completely omnichannel experience.
The store, at Ocean Terminal in the Harbour City shopping centre, is intended to continue to strengthen Moncler’s presence in the territory and the mall, complementing the brand’s flagship which opened at Harbour City in 2017. Moncler has opened a new Hong Kong boutique purely for its children’s wear range, Moncler Enfant.
Sensormatic Solutions , the leading global retail solutions portfolio of Johnson Controls , today announced its predictions for the UK’s busiest shopping days of Peak Trading 2023. Retailers around the world are likely to have another strong holiday season this year,” said Tony D’Onofrio, President at Sensormatic Solutions.
Founded by Michael Pratt in 2017, the digitally native brand is known for its patented design, which allows the wearer to slip the shoes on and off hands-free. Innovative sneaker brand Kizi already has a firm toehold in the footwear industry.
The Shopping Centre Council of Australia and the National Retail Association both welcomed the decision, which is the longest extension given to the code since it was created in 2007. Brennan chaired the code’s oversight committee since 2017 when it was last authorised.
From its global reintroduction in 2017, to last year’s addition of our highly successful Gilly Go activewear line, to providing matching underwear, loungewear and activewear that can be worn by all genders – the brand has continued to evolve to best meet our customers’ needs,” she said. Image: Robert Stockdill.
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.
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.
Although 80 per cent of customers shopped online last year, data from the 2022 Adyen Retail Report revealed that 73 per cent of Australians prefer to shop in-store – higher than any market globally. The desire to shop in-person was a key motivation in opening the store. Connecting in real life.
Amazon, the $2 trillion gorilla, arrived on our shores officially in December 2017, just in time for Christmas. Among Amazon shoppers in the UK, 70 per cent now shop there at least once a month, while 17 per cent use the online marketplace weekly. Amazon announced it posted over $3.1 billion in 2022.
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.
The shop serves as the first brick-and-mortar location for Desinchá, a fast-growing tea brand that was started in 2017. Desinchá tea shop features a kinetic facade. Upon entering the shop, visitors encounter a light-filled space with wooden shelves and greenery. Reflections are seen throughout the shop.
The interior has a more open and relaxed feel than the brand's other locations, which operate more like typical coffee shops. Wooden seating is provided in an adjacent atrium Elements of the shop's design are informed by European modernist architecture. The photography is courtesy of EBBA.
Global Shop Solutions is proud to celebrate the 5 th year anniversary of its Cloud ERP product. According to George Thuo, Director of Cloud Technology for Global Shop Solutions, Cloud ERP caught the attention of current and prospective customers from the start. Looking Ahead.
We’d really like to put it all behind us by taking a look at some of the big customer experience innovations in store for retailers in 2017. Whilst there is no denying the success of e-commerce – as revenues continue to grow worldwide – 85% of shoppers say that they still prefer to shop in real, physical stores.
And it added new “dollar shops” for consumers to pick through seasonal, more affordably priced items. billion in 2017. Walmart wants to create a more aspirational and engaging shopping experience. It enlarged the pickup and delivery area in stores with better storage and to create more efficient service procedures.
The new flagship store will be located in Plaza District, one of the most exclusive shopping areas of Fifth Avenue. Specifically, the company has opened stores in the shopping centres Menlo Park and American Dream, both New Jersey, Roosevelt Field in New York and Dadeland in Miami, Florida.
An untold number of coffee shops across the globe have temporarily or permanently closed at the height of the pandemic but Vietnam’s TNI King Coffee has bucked the trend, opening its first store in the US early this year and pushing forward with expansion plans.
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.
Designed and launched in 2017, Tommy Adaptive is Tommy Hilfiger’s inclusive range that makes dressing easier for adults and children with disabilities. Accessible shopping experience. It was initially launched in the US and later branched out to Europe and Japan. “We
JD Sports has opened its first Northern Territory store, at the Casuarina Square shopping centre in Darwin. The 414sqm store is JD Sports’ 60th store in Australia since its entry into the country in 2017. It offers previously sold-out and limited-edition styles, colourways and JD exclusives.
From being founded and run by a majority female team – 95 per cent of Mecca’s team are women – to making a female-friendly shopping experience both in-store and online, Mecca champions women in whatever way it can.
As an omnichannel retailer, making it easier to shop the brand is the main priority, Shaughnessy told Inside Retail. “A Part of this expansion strategy is to give LSKD customers the ability to shop directly with the brand. “We
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
To cement its marketshare in Australia, Officeworks introduced the pricebeat guarantee in 2017 to communicate its competitive pricing structure to consumers. Families remain at the heart of Officeworks’ customer base, relying on Officeworks for solutions that help their households operate day-to-day,” Hunter said.
IGA will open a new concept store at Quay Quarter in Sydney CBD on October 15, allowing office workers, locals, and tourists to stop by for a quick meal or a full grocery shopping experience. “We have worked incredibly hard to create a new supermarket that will provide value, convenience and a variety of products for our city shoppers.”
It first launched in Leeds in 2017, and has since gone on to have pop-ups in John Lewis, M&S, and Paperchase, throughout the UK. Megan Jones, Founder of Curated Makers , added: “From our first-ever market stall in 2017, Curated Makers returns to Leeds with only our second standalone store.
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.
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