Sun.Sep 08, 2024

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Premier Retail expects to report lower global retail sales, EBIT

Inside Retail

Premier Retail, a division of Premier Investments, expects to report global retail sales of $1.6 billion in the last fiscal year ended July 27. The forecasted retail sales represent a slight decline from $1.64 billion in FY23. The company estimated earnings before interest and taxes of $341 million, down from $356.5 million in the prior fiscal year.

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Domino’s faces class action over ‘misleading’ Japan market predictions

Inside Retail

Australian pizza chain Domino’s Pizza Enterprises said on Monday that it has been served a shareholder class action, which includes an allegation that it engaged in misleading or deceptive conduct around its expected performance in Japan. The company’s shares fell 2.5 per cent to A$29.18 to hit their lowest since late August. The proceeding has been filed by Australian legal consultancy company Echo Law on behalf of Domino’s shareholders who scooped an interest in the firm by e

Marketing 182
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New Franchise Council chair and CEO announced

Inside Retail

The Franchise Council of Australia’s chair, Brendan Green, has stepped down from his role after four years, as his board tenure comes to an end. Effective today, CouriersPlease boss Richard Thame will become chair, and Just Cuts’ Amber Manning steps up to the deputy chair position. The FCA has also appointed a new CEO. Sydney-based Jayson Westbury joins the FCA as CEO, bringing more than 30 years of leadership experience.

Strategy 147
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Smiggle terminates MD John Cheston for ‘serious misconduct’

Inside Retail

Stationery retailer Smiggle’s managing director John Cheston was allegedly found to have engaged in serious misconduct, leading to the immediate termination of his employment. “The Just Group board considers that Mr John Cheston has engaged in serious misconduct and a serious breach of his employment terms and on that basis his employment has been terminated today,” said The Just Group, a wholly-owned subsidiary of Premier Investments, in a statement.

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AI for Commerce: Foundations, Aspirations, and Hype

AI is rapidly transforming digital commerce, but how do you separate real opportunities from hype? Moderated by Orium, AI for Commerce: Foundations, Aspirations, and Hype , experts from Bloomreach , commercetools , Contentstack , and Fluent Commerce explores where AI is already delivering results and where its potential is still unfolding. This masterclass dives into proven AI applications, emerging innovations , and the gaps between promise and reality in commerce.

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Travel and lifestyle brand Tumi expands into fragrance

Inside Retail

Travel and lifestyle brand Tumi, known for its luggage and bags, is expanding into fragrance with the launch of Experience Collector, the brand’s first-ever women’s perfume collection. The collection is available in four scents inspired by cities around the world: New York, Kyoto, Tomasina, and Florence. Tumi says Signature is inspired by the vibrancy and energy unique to New York City, featuring notes of bergamot, mandarin, apple blossom, pomegranate, and more.

Design 130
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Bondi Wash demonstrates how Australian retailers can tap into the Asian market

Inside Retail

With many Australian consumers continuing to moderate their discretionary spending due to the ongoing cost-of-living crisis, overseas markets could offer a lifeline to struggling local retailers. Consumer spending in Asia is surging, driven by an expanding middle class, and one expert is urging Australian retailers to tap into this potential revenue stream.

Marketing 113