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Kontoor Brands to buy Helly Hansen from Canadian Tire Corporation

Inside Retail

Kontoor Brands, the apparel company behind Wrangler and Lee, is to acquire Canadian outdoor workwear brand Helly Hansen from Canadian Tire Corporation. Founded in Norway in 1877, Helly Hansen is known for its outdoor apparel and clothing innovations, including the first fleece fabrics in the 1960s and the H2Flow temperature regulation system.

Outdoor 130
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Redbubble co-founder Martin Hosking named CEO

Inside Retail

Hosking said the business aims to return to positive cash flow by the end of the calendar year as it continues to make targeted investments in areas that may have potential financial benefits in the near future.

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Why consumer spending in one retail category is outpacing all others

Inside Retail

The newly released Cost of Living Insights from CommBank iQ explores how economic uncertainty is flowing to people’s wallets. It’s also ahead of other retail areas like household goods (-2 per cent) and apparel (-2.5 An 18 per cent yearly fall in spending on luxury apparel boutiques also supports this trend. per cent ii.

Other 147
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Apparel sales drive Redbubble revenue in latest half

Inside Retail

Online marketplace Redbubble says strong apparel sales across both of its marketplaces delivered a solid result in the first half. The business’ custom apparel design platform, Teerepublic, delivered double-digit MPR despite what it described as macroeconomic headwinds. million after momentum improved in the second quarter.

Apparel 130
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Best & Less reports ‘inconsistent’ trading, revises profit expectations

Inside Retail

Discount apparel retailer Best & Less Group (BLG) says trading conditions were “inconsistent” through the March and April months of the second half year. In a trading update for the 19 weeks to May 14, sales were up 1.8 per cent to $221.9 million when compared to the previous corresponding period. Like-for-like sales were down 1.4

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How AI could solve product returns and other supply chain challenges

Inside Retail

Geopolitical tensions, global trade challenges and increasingly frequent natural disasters are all affecting the manufacture and flow of goods, from securing raw materials to delivering finished products. In one example, Canadian apparel retailer ALDO Group has created a demand-forecasting machine learning model called Delphine.

Other 130
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Cash, self-checkout or future-ready POS: Glory’s dramatic transformation unfolds

Inside Retail

Adding Glory cash technology to Acrelec kiosks increases the order size and staff happiness because the customer flow is much better. As Yoshinari explains, it enables Glory to move between its three core business pillars of banking, retailing and food and beverage seamlessly.