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Puma plans job cuts as US demand weakens, outlook dims

Inside Retail

Chief financial officer Markus Neubrand announced plans to cut 500 jobs worldwide and close some unprofitable stores as part of a cost-cutting plan. The post Puma plans job cuts as US demand weakens, outlook dims appeared first on Inside Retail Australia. . “February was bad. Puma shares slumped 23 per cent to $23.86

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Metcash kicks off new fiscal year with soaring food sales

Inside Retail

. “The company’s platform of three diversified businesses is fundamentally strong, and we have the right plans, teams and capabilities in place to deliver future growth as we work through the current economic cycle.” per cent to $496.3 million.

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Case-Real contrasts plaster and steel inside Aesop store in Shinjuku

Dezeen

The locally based studio decided to use two contrasting materials that it felt reflected the dichotomy of natural and artificial – plaster and steel. Lighting plan: BRANCH lighting design (Tatsuki Nakamura). The post Case-Real contrasts plaster and steel inside Aesop store in Shinjuku appeared first on Dezeen.

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One in four SMEs across nine countries plan to offer crypto payments

Inside Retail

Almost a quarter of small businesses in nine countries around the world plan to accept digital currencies as a form of payment in 2022, while 13 per cent of consumers in those countries expect retail stores to begin offering crypto payments this year and beyond, according to a survey by Visa Inc.

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August retail figures show impact of prolonged lockdowns

Inside Retail

In direct contrast, states with no lockdowns performed well with Western Australia and South Australia enjoying strong rises as physical stores were open for trade.”. There’s little consistency across the three reopening plans,” Zahra said. Retail brought in $29 billion during August.

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Are we entering a bricks-and-mortar renaissance? Here’s what the data says

Inside Retail

In what the national property agency CBRE described as a ‘flash survey’, 83 per cent of Australian respondents across a snapshot of the Asia Pacific region indicated expansion plans. For the period of October to January, the ABS described retail sales as flat contrasting with the more bullish assessment of CBRE.

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Why Hong Kong kidswear retailer Retykle chose the UAE for its next act

Inside Retail

In contrast to Hong Kong and Singapore, where the resale market has been established for some time, the UAE is emerging as a strong contender for sustainable retail practices, Garner said. Bigger plan Garner never intended to become a pioneer in circular fashion.

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