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Myer’s latest trading update is a testament to putting the customer first

Inside Retail

Like many retailers, we have had to contend with inflationary pressures and greater promotional cadence, which has had an impact on profits,” said King. King has been on a 12-month rolling contract with Myer since 2018 and has decided to retire at the end of this financial year to return home to Florida to be with his family.

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The right formula? Promotion of toddler milk comes into question

Inside Retail

Australia’s consumer commission, the ACCC, is asking the government to consider the promotion of toddler formula as part of its review of the Marketing in Australia of Infant Formula (MAIF) Agreement later this year. Promotion of toddler milk comes into question appeared first on Inside Retail. The post The right formula?

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The three pillars Godfreys is investing in to transform the business

Inside Retail

In 2018, specialty vacuum and cleaning retailer Godfreys was delisted from the ASX and bought back by the family of John Johnson, who started the business 90 years ago. Over the last six months, Lee said that Godfreys has started investing more heavily in social media , including utilising influencers to promote the business. “We

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As more jewellery brands embrace lab-grown diamonds, some fear oversupply

Inside Retail

In 2018, the US Federal Trade Commission (FTC) shifted its definition of what could be marketed as a diamond, stating that it “is no longer accurate to define diamonds as ‘natural’ when it is now possible to create products that have essentially the same optical, physical and chemical properties as mined diamonds”.

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Why the return of overseas tourists won’t help retail bounce back – yet

Inside Retail

The lack of international tourists over the last two years has cost the retail industry an estimated $90 billion – given tourists spent around $45 billion between July 2018 and 2019, according to data from Tourism Research Australia. According to Qantas boss Alan Joyce, Australia is “finally back open for business”.

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How historic Japanese retailer Takashimaya is staying ahead of the times

Inside Retail

For the past few years, it has been promoting a greener retail experience and introducing sustainability-focused programs in its stores. According to Dodge Data & Analytics’ World Green Building Trends 2018 report, having a green building has officially become a global trend with energy conservation a top priority.

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What’s the future of omnichannel retail?

Inside Retail

Retailers will be able to gather data about people surrounding and entering their premises, including demographics, and dynamically adjust in-store signage and promotions to maximise conversion rates. Sustainability for people is going to shift from being a grand mission statement, to something on which we are individually measured.

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