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SurfStitch managing director stepping down this week

Inside Retail

Justin Hillberg, managing director of shared services of SurfStitch-owner Alquemie Group, is stepping down from his role leading the surf brand’s restructure at the end of this week. Hillberg joined SurfStitch as merchandise manager in 2014, before becoming general manager in 2015 and managing director in 2018.

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2019 vs 2020 vs 2021: How has Covid impacted Christmas?

Inside Retail

If you cast your mind back to 2019, Christmas was business as usual. “E-commerce It’s kind of elongated and stretched out,” noted Adam Ioakim, managing director, APAC at Emarsys. The post 2019 vs 2020 vs 2021: How has Covid impacted Christmas? E-commerce was on a steady rise. It’s not what it once was.

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Ikea buys New Zealand land to expand forest management plan

Inside Retail

Ikea’s parent company Ingka Group has acquired 5,500 hectares of land in the South Island as part of its commitment towards responsible forest management. Responsible forest management creates jobs and adds value in the local communities by supporting the local economy,” said Krister Mattsson, MD of Ingka Investments, Ingka Group. “We

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The O2’s Q1 and Easter Half Term Performance Surpasses Expectations, Rivals 2019 Trade Levels

Retail Focus

The O 2, which is owned and operated by AEG and Crosstree Real Estate Partners, has reported a stellar trading period throughout Q1 and Easter half term, with sales throughout the destination surpassing 2019 results. Icon Outlet at The O2 dealt direct. Lunson Mitchenall represented WHSmith.

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Amazon launches resale platform in Australia

Inside Retail

“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 Amazon Australia country manager Matt Furlong. These items can’t then be sold as new, but are still great quality and are in good working condition.

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Midland Gate shopping centre in Perth sold for $465 million

Inside Retail

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.

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The Cheesecake Shop sold to Aussie investment firm

Inside Retail

The existing TCS management team has retained a shareholding in the business, ensuring a smooth transition and continuity of operation. Josh Ludski, manager – direct investment at River Capital, revealed complementary acquisitions are part of the strategy to grow the business.

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