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The Reject Shop plans more stores as sales surge

Inside Retail

The chain currently has 386 stores nationwide, having opened 67 new stores and closed 35 underperforming ones since June 2020. Fisher added that the company’s balance sheet remains strong, with $49.9 million in cash and no drawn debt as of June 30. The Reject Shop posted record sales of $852.7 million last year, up 4.1 per cent to $4.7

Planning 278
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How Sam Walton’s sundown rule makes me a better leader: Andy Chen, Comvita

Inside Retail

Before joining New Zealand healthcare brand Comvita , Andy Chen worked in HR and project management at Walmart for 10 years. We recently sat down with him to learn about his career highlights, best leadership tips and how he approaches the work-life balance conundrum in this day and age. So, I thought, let’s do it.

Hobbies 342
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Don’t inbox-watch: How Officeworks’ merchandise GM balances his attention

Inside Retail

After almost 30 years in the retail industry, Officeworks general manager of merchandising Jim Berndelis has gained plenty of experience and life lessons. From there, I’ve worn many hats in our support office and in various roles across the merchandise function: from demand planning to buying to buying manager. JB: I love the garden!

Balance 130
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Retail leasing in 2022: Seismic shift or same-same?

Inside Retail

Pre-pandemic, the power balance in retail leasing sat very much in the landlord’s favour. The drive to e-commerce, covid relief legislation, months of forced store closures in major markets, and retailers closing their doors permanently throughout 2020-21, all contributed to heavy disruption in the retail leasing sector. .

Balance 253
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Kogan profit falls 86 per cent on bloated inventory costs

Inside Retail

At the release of its unaudited results, Kogan said the management team had misjudged the level of inventory and operational capacity it would need to grow through the second half, and purchased too much stock. The post Kogan profit falls 86 per cent on bloated inventory costs appeared first on Inside Retail.

Balance 246
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The Reject Shop CEO quits, interim chief named

Inside Retail

Reich has led the company since January 2020, and “inherited a business that required significant turnaround” said Freier’s statement. Reich will receive a payment from the company in lieu of serving the six months notice period included in his contract. Any performance rights held by Andre have lapsed.”.

Shopping 246
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How Supreme balances price point and prestige to win over streetwear fans

Inside Retail

billion in 2020. But Supreme will need to manage its growth in this space carefully, since it is not looking to become a mass-market brand, but rather a sought after one for people who are drawn to its unique brand personality. “If Founded in New York 1994, the brand was acquired by VF Corporation for $2.1 million by 2031.

Balance 130