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Dusk posted higher sales in both online and physical stores in the first 20 weeks of the fiscal year. The home fragrance retailer’s sales rose 12.7 per cent year over year, with like-for-like sales growing 11.5 per cent. Online sales surged 41.2 per cent, while brick-and-mortar store sales jumped 10.7 per cent. “We have opened two new stores and further extended our reach with the launch of 12 pop-ups in flagship centres across the country,” said Vlad Yakubson, Dusk CEO and MD.
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! GAIL’s has just launched its festive menu which is available across all bakeries. The new menu is filled with seasonal favourites such as the Christmas Bun, Mince Pie and the return of the popular Smoked Turkey and Swiss Cheese Sandwich.
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As we approach the busiest time in the retail calendar year, one question looms: How can retailers revive sales in a landscape of unstable inflation and changing consumer habits? The latest Consumer Price Index (CPI) figures show inflation has fallen to within the RBA’s target band at 2.8 per cent – the lowest in 3.5 years. This number, predominantly impacted by energy rebates and lower fuel prices, is likely to create a mild sense of relief for many but has also raised eyebrows as Australians f
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.
In an increasingly competitive retail landscape – especially where physical-first retailers face pressure from pureplay e-commerce rivals – data and security have emerged as key strategic weapons. “Consumer tendencies are changing,” explains Mahesh Krishnan, CTO at Fujitsu Australia and New Zealand. “They are looking at things like speed and convenience, and self-checkout has become commonplace in all supermarkets and convenience stores today.
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Alibaba Group Holding missed analysts’ estimates for second-quarter sales on Friday, as persistent economic uncertainty sapped consumer spending in China and weighed on the e-commerce group’s domestic business. The company reported an adjusted profit of US$2.08 per American Depository Share, beating estimates of $2.06. Its US-listed shares were down 0.3 per cent at the opening.
Alibaba Group Holding missed analysts’ estimates for second-quarter sales on Friday, as persistent economic uncertainty sapped consumer spending in China and weighed on the e-commerce group’s domestic business. The company reported an adjusted profit of US$2.08 per American Depository Share, beating estimates of $2.06. Its US-listed shares were down 0.3 per cent at the opening.
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Sydney Fish Market has appointed Daniel Jarosch CEO, effective November 25. Jarosh has more than 30 years of expertise and has been the CEO and investment director of Aeria Management Group (previously Sydney Metro Airports) since 2015. Before that, he held senior executive positions in real estate fund management and private equity real estate companies.
Greencross has named Lucas Barry as its new CEO, effective January 1. He has been with the company for six years as COO and CFO. Prior to joining Greencross in 2018, Barry held various leadership roles including as CFO of Opal Aged Care, group financial controller of Woolworths, CFO of LBC Tank Terminals headquartered in Europe, and CFO at the Challenger Infrastructure Fund.
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