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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. The Alquemie Group remains in a very strong position with exciting plans for the future and a strong executive team that is focused on delivering growth.”. “The
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
Hog’s Breath Cafe is looking to rebuild its restaurant footprint, and has plans to open another 20 restaurants by 2029. He has a number of growth solutions, including opening corporate stores with a plan to franchise them once established. Under the previous management the brand got confused and we lost our way.”
At fashion retail giant H&M group, workforce planning has become a critical part of daily activity. The creation of H&M’s workforce planning system began back in 2012 when the company deployed Board to track the performance of individual stores. The company operates some 4950 stores and has 126,000 employees.
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. It has already acquired several e-commerce businesses in Australia, where it plans to focus its efforts. The numbers behind the business model. Fours levers to grow revenue.
Since 2019 Ikea has opened shops in major cities such as Tokyo, Madrid, Moscow, Paris and New York to grow its presence on busy high streets. It now plans to open Ikea Oxford Street in autumn 2023, following the planned launch of its Hammersmith store later this winter.
In May 2019, the World Health Organisation officially classified ‘burnout’ as a recognised illness, while a 2018 Gallup study found that of the 7,500 full-time employees surveyed, 23 per cent felt burned out at work very often or always, and an additional 44 per cent felt burned out sometimes.
Our focus remains on seeking to drive further and sustainable cost efficiencies and inventory management,” he added. Over the last five years as CEO, King has been enacting his ‘customer-first plan’ which has re-established Myer as Australia’s 8th most trusted brand, according to Roy Morgan.
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 investment company was considering listing the Retail Zoo business from 2019 before Covid-19 put that plan on hold.
. “Retailers are urgently waiting for EuroCIS, because nowhere are innovation cycles as short as in retail technology, and EuroCIS is the industry’s most important innovation and business platform,” emphasizes Erhard Wienkamp, Managing Director of Messe Düsseldorf. For this reason, we have decided to postpone the event.
As recently as 2019, over 70 per cent of the value of B2B sales in Australia occurred through trade credit. Flexible payments will improve your cash flow management. Importantly, making changes that help you to better manage cash flow and provide a positive customer experience doesn’t have to be a lengthy and complicated process.
Since Toys ‘R’ Us’ return to Australia in June 2019, we have scaled quickly as customers returned to the much-loved brand and our e-commerce model has proven its success.”.
Cosmetique, an Australian national cosmetic and injectables chain, has announced plans for a $17.5 With new clinic sites already slated for 2025, the expansion will involve opening four new clinics in New South Wales and Victoria initially, with more planned for following years. million ASX listing of parent company Stormeur.
Two years after stepping down from his role as executive general manager of national salon chain Hairhouse, Steve Terry is back with a new wellness venture that is part online retailer, part digital magazine and part events business. He also plans to offer a small range of Youtime-branded products, such as yoga mats and face serums.
From acquiring an engagement ring to buying a wedding dress, few life events are as rife with retail opportunities as planning and hosting a wedding. In 2019, that number was US$28,000, reports The Knot, a global technology company that provides content, tools, products and services for couples planning weddings. billion.
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. In addition, the company says its next step is to invest in its back office by implementing an enterprise resource planning system to support its growth ambitions.
Kathmandu acquired RipCurl for $350 million in October 2019. Former Topman managing director joins BooHoo. BooHoo Group has appointed Mitch Hughes as the new managing director of its newly acquired Arcadia Group brands Dorothy Perkins, Wallis, and Burton.
Burberry’s new chief executive Jonathan Akeroyd will on Thursday set out his plan to finish the job started by his predecessor: boosting growth at the British luxury brand to the levels of its European rivals. Leather goods account for around 20 per cent of Burberry’s sales versus 70 per cent at Bottega Veneta.
“We just opened our 13th store in Perth a couple weeks ago and we have another four to five stores planned for the next calendar year,” Robin McGowan, Institchu’s co-founder and managing director, told Inside Retail. That has gone really well, and it’s something we’re looking to roll out to additional locations,” McGowan said.
Company reports for ASX-listed BNPL providers outline that the value of BNPL transactions grew by 55 per cent in 2019-20 , and in the last two financial years, BNPL transactions have tripled. With the potential to transform how companies manage their cash flow, BNPL for businesses is here to stay. .
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. The post Exclusive: Vietnamese fashion operator eyes international expansion plan appeared first on Inside Retail.
Longchamp manages 325 direct-to-consumer stores through 25 distribution subsidiaries around the world. We have also made sure to incorporate artwork from the brand’s vibrant history with historical advertisements, art and posters,” said Julie Therond, general manager of Longchamp Australia & New Zealand.
Planning is essential to ensure products and materials arrive on time. When the plan breaks down, it is one of the biggest generators of stress in business owners. Accept that the world is not going back to 2019, and factor the higher cost of doing business into pricing strategies to maintain the margins.
Homebase all over again However, Inside Retail has spoken with multiple former Catch employees who believe the problems started well before the pandemic and stem from Wesfarmers’ misguided attempt to change the DNA of Catch, which was profitable and growing when the retail giant acquired it in June 2019 for $230 million.
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. JYSK Bury and Stockport are just two of the store launches that JYSK has planned for this year, with stores in Leeds, Barnsley, and Gainsborough also opening during 2021. .
In 2019, the online retailer launched a bricks-and-mortar store at its warehouse in Sydney. She ranked first in Inside Retail ’s Top 50 People in E-Commerce in 2019 and 2021. She plans to take a month off, and then announce her next move in April. million in May 2021. But just a few months later, she has decided to walk away. .
According to Volley’s partnership manager Renee Jaeger, the NGA approached the brand after seeing Volley’s Wear it with Pride campaign. Volley’s content and marketing manager Anna Geason told Inside Retail that the best collaborations happen when there is an authentic connection between partner brands.
We’ve set out differentiators in our strategic plan, and we continue to make good progress against all of them,” he said. We still have work to be done, and we will be measured by our stakeholders in terms of our achievements in time, but I’d have to say that our ‘Plan A’ is pretty robust.”. Graham was clear in his answers. “We
Under the federal government plan, states that achieve vaccination levels of 80 per cent will open their international gateways in November. It isn’t clear how quickly airlines will be able to crank up capacity and so we don’t know how many imprisoned Australians will manage to exit. Will they come in the same numbers as in the past?
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.
After quietly acquiring the Healthy Life business in 2019, following the closure of all stores, Woolworths has focused on reviving the business with an unparalleled digital offering. Ananth Sarathy, the former general manager of digital experience at WooliesX, will lead the HealthyLife business as managing director.
For instance, Adidas doubled its production of Germany’s women’s football merchandise compared to the previous Women’s World Cup in 2019. US-based online sportswear retailer Fanatics similarly saw sales of women’s soccer products increase by over 80 per cent compared to 2019.
Standing at nearly five feet, the autonomous delivery service was first introduced in Dubai in 2019 and is now undergoing testing in seven states in the US to further “train” its software. The company also introduced drone delivery in 2019. Why the world needs bots like Roxo.
This year’s AGM occurred at a time of significant management change at Myer, as King, JoAnne Stephenson, who is chairperson of the board, and Nigel Chadwick, the retailer’s CFO, are all scheduled to depart their roles in the coming months. The department store is currently in the process of searching for a new CEO.
Ikea piloted the concept in the UK in 2019 before launching two permanent stores in its home market Sweden last year. In an interview with Inside Retail in June, Ikea Australia sustainability manager Mellisa Hamilton said the success of last year’s trial proved “overwhelming demand” for the service.
Lego ANZ vice president and general manager Troy Taylor told Inside Retail that having the world’s biggest Lego store in Sydney was exciting, and would hold the largest range of Lego sets in the country. As a result we’ve got a lot of global attention from the Lego community and the senior management team in Denmark.”
Announced in 2019 , the 34,000sqm store will be located at Sylvia Park in Auckland. The post “Fairly unique”: How Ikea plans to do things differently in New Zealand appeared first on Inside Retail. Accompanied by an e-commerce platform, it is set to open its doors to the public in 2025.
“We’re always striving to provide our customers with a better experience, and keep up with their demands,” Drakes’ general manager of fresh food Tim Cartwright told Inside Retail. “As The plant-based sector in Australia is thriving,” V2food’s general manager of Australia and New Zealand Nathaniel Tupou told Inside Retail.
The brand plans to expand the Refurbished program to more US stores throughout 2021 and beyond. According to ThredUp, a digital platform in the US that enables consumers to buy and sell secondhand clothing, the resale market grew 21 times faster than the retail market overall in 2016-2019, and is expected to be worth US$51 billion by 2023.
But the move into NFTs reflects an intense new focus on digital innovation at Havaianas that can be traced back to the appointment of Roberto Funari as CEO of Alpargatas, the flip-flop brand’s parent company, in 2019. “He He came in very digitally driven,” Esser said. “He
As part of JYSK’s plans to expand in the UK, the largest Danish retailer, operating globally, will be opening its first Telford store on 2nd June 2022 at Unit NQ1, Northern Quarter, Telford Shopping Centre. The new store will be managed by Stephen Ambrose and boasts 1200 sq mtrs of floor space in the latest JYSK store concept layout.
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.
Here, Gaspard Barthelemy, Piaget brand manager for Australia, discusses the importance of forming direct relationships with customers, the luxury shopping experience, and how the heritage brand is staying relevant with modern consumers. Inside Retail: Is this Piaget’s first standalone direct-to-consumer (DTC) store in Sydney?
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.
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