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Following the success of fellow Kiwi outdoor brand Kathmandu , outdoor clothing brand Bushbuck is raising equity to speed up its expansion in Australia. Since 2019, the business has grown revenue by 300 per cent, with $4.3 The brand is currently scouting for a chief marketing officer and a sales relationship manager.
Melbourne-based fund manager Fawkner Property and alternative investment firm PAG have acquired Perth’s Midland Gate shopping centre for $465 million. The deal marks Australia’s largest single regional asset transaction since December 2019. The facility recently underwent a major $100 million redevelopment and expansion.
Upon completion of the deal, Retail Zoo’s new investment partner will own a majority of the business and partner with the existing management team led by Nishad Alani, CEO of Retail Zoo. “We The acquisition is expected to further boost Retail Zoo’s expansion. The value of the deal was reported to be worth about $350 million.
The new store will be managed by Stephen Ambrose and boasts 1200 sq mtrs of floor space in the latest JYSK store concept layout. Repro Free: 29/03/2019 pictured at a special preview of the first Irish JYSK store in Naas, Co. Picture Andres Poveda.
featured speakers such as Beatrice de Quinsonas Drouas, Director of Research at BPCE Solutions Immobilires; Mathieu de Mallman, Global Head of Retail and Healthcare at AXA IM ALTS; Eric Decouvelaere, Head of EMEA Urban Destinations at CBRE Investors Management; and Romain Muller, Head of Investment Management Retail at Union Investment.
Bacha Coffee, managed by TWG Tea’s parent company V3 Gourmet, is betting big on its global strategy, injecting €20 million (US$22.2 Rapid expansion The announcement of the opening of the Champs-Élysées store follows the launch of the Bacha Coffee boutique at the Ritz Paris in 2022. million and a post-tax profit of $2.2
To keep up with its expansion, Peachymama needed a more efficient and customised shipping process. Since implementing ShipStation in 2019, Peachymama has: Increased order processing speed by 400 per cent with ShipStation’s Scan to Verify feature. International expansion . Increased dispatch speed by 200 per cent.
In just 10 years, Vietnamese fashion retail operator Maison Retail Management International (MRMI) has built a network of more than 120 retail stores across 18 high-profile international fashion brands. It is targeting 30 per cent annual sales growth by 2025. Since then, the brand has opened 10 more. Cross-border ambitions.
It has already become one of the country’s leading and most trusted cosmetic and injectables brands with 17 clinics across five states since I founded the business in 2017,” Stormeur group chairman and managing director Dr Vivek Eranki said in a statement. Eranki will retain over 60 per cent shareholding in the group.
Back in 2019, Fortnum & Mason opened in Hong Kong its first fully-owned and operated shop and restaurant in Asia, as a gateway to strengthen customer connections across the region. The amount of data collection and analytics can be quite staggering to manage. Understanding the Chinese consumer.
In 2019, third-party sellers generated roughly 60 per cent of Amazon’s product sales, double the percentage they represented a decade ago, Marketplace Pulse found. The reason so many are popping up now is due to the rise of online marketplaces in recent years and the third-party sellers that populate them. Juju is a case in point.
The largest Danish retailer operating globally, JYSK , is set to open two new stores within the Greater Manchester region as part of its ambitious UK expansion plans. Our head office operations are also based in Stockport, so we have a strong affinity for the area and continue to see it prosper.
After dedicating over five years to engineering and a stint with Apple, Das launched Nat Habit in 2019. million from a Series B funding round, and Das thinks it is on the brink of an exciting phase of expansion and innovation. The company received an infusion of $10.2
The 900sqm store is the first Lego store in Australia to have a street frontage, rather than being placed in a shopping centre, and signifies the culmination of years of bricks-and-mortar expansion in the market. As a result we’ve got a lot of global attention from the Lego community and the senior management team in Denmark.”
Wesfarmers CFO Anthony Gianotti acknowledged that poor range selection and execution issues in the expansion of the first-party business also contributed to the online retailer’s poor performance, but said the restructuring will enable Catch to move forward and develop as a profitable business. They basically self-sabotaged,” they said.
Since 2019, it has relaunched its online offering in Australia, rolled out dedicated e-commerce sites and fulfilment centres in New Zealand and the UK, and upgraded its warehouse management and order management systems, leading to significant efficiency gains and growth.
Railpen, the investment manager for the £35bn Railways Pension Scheme, has announced Police, the Italian fashion accessories brand, has opened a new location in Caledonia Park, Scotland’s premier designer village. compared to 2019. During the recent Scottish half term week, footfall was up 2.4%
But its recent expansion into premium furniture products offers a taste of what’s to come from Australia’s leading stationery supplier. Back to the future “ Product trends are constantly evolving,” Sarah Hunter, managing director of Officeworks, told Inside Retail.
Inside Retail : Why did you decide to join BCF in 2019? When I got the opportunity to join the Super Retail Group back in 2019, I essentially had no choice but to say yes to joining this great brand. Customers were asking for a much broader range than what we were stocking in 2019. What was the appeal?
The signing coincides with Caledonia Park’s strong recovery from the successive lockdowns, with sales up 8% between April and September this year compared to the same period in 2019. The strength of our offer is reflected in the centre’s performance, with sales significantly ahead of both 2019 and industry benchmarks.
Founded by Jake Paco in a garage in western Sydney, and inspired by hip-hop culture, the brand has amassed a devoted following since launching in 2010, and after pivoting to an online-only model in 2019, the business took off. One thing that I kept being led back to was the brand – because of what the brand stood for.”
Anticipating that the cost of doing business will remain elevated in financial year 2024, Bunnings has invested heavily in its in-store technology and stock management systems to drive productivity. billion in earnings for the year reflected a “remarkable period of growth” for the brand, up 42 per cent since 2019.
As the brand embarked upon its journey towards international expansion, Saks was at the very top of Ginger & Smart’s list of potential retail partners, and after months of discussions, the store’s opening order will come through in November, followed by another delivery in February. Beyond surf and swim.
New Look first entered Liverpool ONE in 2008, launching its largest British store as part of the brand’s wider UK expansion, and the store has since gone from strength to strength. compared to the same period in 2019, significantly out-performing the UK average of +0.3%. Sales are up 7.4%
Uniqlo names president to lead international expansion By Tong Van Uniqlo’s parent company, Fast Retailing, has named Daisuke Tsukagoshi as the new president, COO and executive director of Uniqlo as the company seeks to accelerate international growth. The management shuffle will take effect from September 1.
To us, Whole Foods reveals the Achilles’ heel of Amazon,” Neil Saunders, managing director of GlobalData, said, referring to the US supermarket chain acquired by Amazon for US$13.7 billion in 2019. “As One weak spot in Amazon’s quarterly results was its physical retail sales, which fell by almost 16 per cent. “To
Here Salena Watanabe, CEO of Tanaka Optical‘s newly created FLO Optics entity in Singapore, discusses the business’ global expansion, its omnichannel strategy — and how it survived the World War II bombing of Hiroshima. IR: Do you have expansion plans in the pipeline? Inside Retail: Can you tell us about the Tanaka Optical story?
This means adopting new-generation technologies such as digital signage, powered by a robust operating system, enabling remote management, personalisation and interactivity with in-store signage. “As Enhancing in-store efficiency and convenience, customers order in the mall zone, then move downstairs to an expansive, funky dining area.
Founded in 2019, Coolmate quickly became popular for its products and services catering to male customers and has consistently topped menswear’s e-commerce sales in major online marketplaces in Vietnam. Their mentorship will be crucial in fine-tuning our expansion strategies as we enter new markets,” he said.
per cent on the same period in 2019, prior to the outbreak of Covid-19. per cent – but still down 40 per cent on July 2019. As such, we continue to carefully manage all aspects of our business, including stringent controls on expenses, working capital and capital expenditures for the remainder of 2021.”. Net sales were $799.5
The number of Godfrey retail outlets has fallen by 16 per cent since the 2018 takeover – from 210 outlets to 175, according to The Australian Financial Review – but the management team has placed a focus on three key pillars of the business: its product line, property holdings and people. Flexible expansion plans.
some entered the Indonesian market in 2019, citing a gap in diverse retail product offerings. some manages a supply chain spanning global sourcing, inventory management, and logistics. Southeast Asia expansion Beyond Indonesia, Oh!some Further global expansion remains under consideration. Retail chain Oh!some
In 2019, Liu launched Tower 28, a brand of clean skincare and colour cosmetics stocked in major retailers like Sephora and Credo Beauty in the US and recently Mecca in Australia. Here, Liu speaks about her background in the beauty industry, her excitement about Tower 28’s international expansion and so much more. Tower 28’s mission.
“Items are returned to Amazon for many reasons – sometimes a product is just not what a customer is looking for, or perhaps there’s a cosmetic defect or the packaging is damaged,” said Matt Furlong, Amazon Australia country manager. These items can’t then be sold as new but are still great quality and in good working condition.”.
Centre occupancy currently stands at 98% and footfall 10% up on 2019 levels with current trends suggest a record year in 2023, outperforming the already positive performance for physical retail more broadly across Ireland. Blanchardstown Centre is Dublin’s largest retail and leisure destination, covering over 1.1 million sq ft.
Australian waste technology company RecycleSmart has reported that it managed to raise $1.15 million from 1014 investors, allowing it to accelerate its national expansion plans as demand increases for its responsible recycling services. We make sure every item has a second life.”
Her career path into retail started in-store at women’s fashion brand Bardot, before over a decade-long tenure at Sussan, where she finished as a regional sales manager, before joining Sportsgirl as national sales manager. Goldmark was my first taste of that – my career really started at the Sussan Group as a store manager.
The Australian e-commerce marketplace was acquired by Wesfarmers in 2019 for $230 million. At Valentino, Janice Lam – a former Prada and Dunhill executive – will report to the company’s CEO Jacopo Venturini, overseeing the expansion in Greater China. “In I’m thrilled to be returning to McDonald’s Australia,” said Martinez. “I
Following a successful push into Singapore two years ago, Chinese collectible toy brand Pop Mart’s international expansion is continuing at pace, driven by experiential retail stores and high-profile collaborations with global artists and brands. For Southeast Asia, we opened our first store in Singapore’s Funan two years ago.
Last week, Coles announced an expansion of its health aisle with the addition of 150 new sports performance and health ingredients, welcoming major brands such as Muscle Nation, Amazonia Raw and Botanika Blends, as well as its new own-brand sports nutrition range, Coles PerForm, featuring 16 protein powders and bars.
Last week, Coles announced an expansion of its health aisle with the addition of 150 new sports performance and health ingredients, welcoming major brands such as Muscle Nation, Amazonia Raw and Botanika Blends, as well as its new own-brand sports nutrition range, Coles PerForm, featuring 16 protein powders and bars.
Here, we speak with CEO Craig King about the business’ revitalisation under General Pants, its in-store experience, plans for expansion in Australia, the UK and US, and the magic behind the number 23. I was CEO of General Pants at the time, and in 2019, we took the business independent. IR: What was the reason for that?
Announced in 2019 , the 34,000sqm store will be located at Sylvia Park in Auckland. Ikea Group’s expansionmanager Fabian Winterbine told Inside Retail that New Zealand has been considered something of a “missing piece” for many years. Accompanied by an e-commerce platform, it is set to open its doors to the public in 2025.
Secondlifeasia, Malaysia’s foremost smart device repair company, has announced its ambitious expansion into Thailand, marking a significant milestone in its journey towards mitigating the environmental impact of electronic consumption.
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