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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.
If you cast your mind back to 2019, Christmas was business as usual. “E-commerce People were shopping in stores and Black Friday, Cyber Monday were becoming successful sale events on those specific days. But people were starting to shop for Christmas around that time. Consumers will continue shopping earlier.
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.
Cornerstone stakes in two super-regional Australian shopping centres have gone up for sale in the first such investor opportunity in two years. Dexus Wholesale Property Fund is offering a 20-per-cent interest in Gold Coast’s Pacific Fair Shopping Centre and a 25-per-cent stake in Sydney’s Macquarie Centre.
Touchwood Shopping Centre in Solihull has continued to expand its leading offer with the arrival of Spanish fashion retailer Mango. Ardent UK acquired Touchwood in summer 2021, the first major shopping centre acquisition since the onset of the pandemic, in a deal that effectively called the retail investment market.
percent on so-called Super Saturday, or the Saturday before Christmas, when compared to 2019 figures, according to preliminary data from Sensormatic Solutions. Super Saturday is seen as the second-busiest shopping day of the holidays, after Black Friday. Shopper visits to retailers dropped 26.3 Year-over-year traffic was up 19.4
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. Ikea is buying the former Topshop flagship store on London’s Oxford Street for £378 million. Administrators at Interpath Advisory said the transaction is expected to complete in January.
Australia Post has deemed November 2021 the “biggest month in Australian online shopping history” after delivering a record 21 million parcels across an admittedly extended sales event period. According to AusPost, online shopping throughout November beat last year’s record by 13 per cent, and jumped 76 per cent on 2019’s figures.
In 2019, 7-Eleven Australia removed physical checkout from the store at its head office in Melbourne. Will they be able to manage product limits if consumers are able to scan and go with these scarce items?”. The post Aldi UK’s latest Special Buy: checkout-free shopping appeared first on Inside Retail.
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.
The idea isn’t to have Uber drivers deliver customers a full grocery shop, said Woolies Metro general manager Justin Nolan, but to bring a smaller ‘top-up’ shop to your door, and will complement the business’ bigger e-commerce offering. The broader initiative follows a trial partnership with Uber in 2020.
A post-pandemic uptick in Australian e-commerce is here to stay, according to a new study conducted by order and delivery management software company ShipStation. In Australia, more than half of consumers now say that they prefer to shop online instead of in stores since the pandemic,” says Boyer. “So
Australia’s Fashion Capital, also known as Chadstone shopping centre in Melbourne, is celebrating its 60th anniversary this year. In that time, the way people shop has changed dramatically. But according to Chadstone’s centre manager Michael Whitehead, some things have stayed the same. “At
Shopping centre operator Westfield has launched Auslan Santa, an initiative for hearing-impaired children who use Auslan as their primary form of communication. . Auslan, the sign language used by Deaf Australians, does not use English sentence structure and has its own syntax and vocabulary.
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. In a recent survey by The Knot, one-third of couples said having a lab-grown diamond was important to them, a 17 per cent increase from 2019. billion.
The ‘offline’ retail experience at Trentham Shopping Village is proving a hit with businesses and visitors alike. With an occupancy of 98%, the popular North Staffordshire retail destination – to the south of Stoke-on-Trent – is thriving despite the challenges of Covid-19 and online shopping. visitors per year.
This capability was extended in 2014 to allow for basic function planning and then again in 2016 to provide dashboard capabilities for management teams. “We Managers are able to enjoy a real-time view of retail activity across more 5000 points of sale. The goal is to have all items available for sale on the same day they are delivered.
The LEGO model, which will be situated within the attraction’s Miniland display, is a replica of the city’s 160,000 square foot Primark , which opened in the city 2019. Amy Langham, LEGOLAND Discovery Centre Birmingham’s General Manager, said: “We cannot wait to cut the ribbon of the world’s smallest Primark in our attraction’s Miniland.
Our focus remains on seeking to drive further and sustainable cost efficiencies and inventory management,” he added. The customer-first plan was introduced back in 2019 and remains the centrepiece of the company’s strategy to deliver for all its interested parties.
Ananth Sarathy, former general manager of digital experience at WooliesX, will lead the newly launched online HealthyLife business as managing director. Sarathy has held a number of other leadership roles in digital within the Woolworths Group over the last eight years, including as general manager of loyalty and data solutions.
Its just the way I like to shop. Henne was founded in 2019 by Bartel, her sister Michelle Ring and friend Laura Broque. It’s a personalised experience and we wanted the customer to feel like they’re in a beautiful home when shopping in-store, Bartel said. I love being guided through the pieces.
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.
Bright Data , the global industry leader in making public web data accessible to all, has today released new research that reveals consumer sentiments around the 2021 holiday shopping season, including Black Friday and Cyber Monday. For those that currently only shop in person, 14% said they will do more online shopping this year.
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.
Global toy company Lego opened its biggest store in the world in Sydney, Australia, this week, bringing its highly interactive, direct-to-consumer shopping experience to new heights. As a result we’ve got a lot of global attention from the Lego community and the senior management team in Denmark.”
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. Did we execute everything perfectly? But I am very proud of our business model and our investors.
Burberry has lagged competitors like Gucci, Prada and Loewe in creating a sharp brand in recent years and Lee will play an “important part in re-igniting interest”, said Mario Ortelli, managing partner at advisory firm Ortelli&Co.
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.
Having embraced digital shopping channels during the pandemic, Australian consumers have become well used to the personalisation and tailored content offered online. Research by Google, published in the company’s Spring/Summer Shopping Behaviours 2021 study, found 50 per cent of consumers say they now shop both in-store and online.
According to the Census Bureau, retailers held almost US$760 billion in inventories in August 2022, up by a shocking 30 per cent from August 2019, approximately double the rate of sales growth in that period. Walmart has been using advanced AI technology to optimise inventory management for a few years already.
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.
The streaming platform, which launched in late 2019, feeds behavioural data into AI algorithms to serve personalised viewing suggestions to its 118 million global paid subscribers. Eero Martela, General Manager of digital sales consultancy Columbia Road. imagery or messaging) that is also customised just for them.
Duty free shop operators and other airport retailers will be happy with the long-awaited (limited) opening of Australia’s international borders 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. Board oversight is strengthened.
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?
Amazon launched its first Amazon Go grocery shop in the UK in February, before expanding to five more sites, while Aldi opened its own till-free shop last month. Tesco had already been testing its “frictionless” technology at a trial site within the supermarket group’s headquarters in Welwyn Garden City since 2019.
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.
The move comes as M&S continues its store estate transformation, investing to make sure they have the right stores in the right locations to offer customers a brilliant shopping experience. Nick Pucci, Regional Manager at M&S, said: “We are really excited to be relocating to a new store at Lakeside.
Shops were closed. Footfall was down by one third in July on the same month in 2019, according to the British Retail Consortium. And they must build first-class customer experiences – both online and in physical stores – responding to permanent changes in shopping habits. Covid-19 hit the retail sector hard.
Orion Capital Managers has announced a number of significant lettings at its Telford Centre so helping footfall recover to near 2019 levels at the 1 million sq ft destination. Following an active asset management strategy led by Sovereign Centros, new occupiers have now been found for all three stores.
For people with different-sized feet, shopping for footwear is anything but easy. Customers can then add a left shoe and a right shoe to their shopping cart, rather than same-sized pairs, thanks to an updated checkout process. It often involves buying two pairs of shoes in different sizes in order to get the right fit.
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%
A new ebook from ShipStation , “Happy Customers, Healthy Planet”, reveals the key steps online retailers should take to make their business more sustainable and highlights strategies that retailers have adopted to help consumers make more sustainable choices when shopping online. Sustainability is also driving innovation at Salvos Stores.
“We are thrilled to be opening two stores in Greater Manchester to make our affordable and much-loved furniture even more accessible in the North,” says Jenny Johnston, JYSK Sales and Marketing Manager, UK & Ireland.
Cox established Workspace Barossa, the region’s first co-working space, in July 2019. But it wasn’t long before Cox realised that there was an opportunity to create something bigger than a temporary shop. “I The post Proud local creates shop window for Barossa producers appeared first on Inside Retail. A vision to share.
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