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Retailers have long been obsessed with expanding their product ranges product diversification and line extension have been critical for supermarkets to keep pace with online marketplaces like Amazon. The post Analysis: Coles, Woolies’ shrinking product ranges are all about the bottom line appeared first on Inside Retail Australia.
In line with the heightened demand for experiential shopping experiences, Bjerke House will feature a dedicated events space on its second floor, as well as in-store workshops and the first physical Bjerke Vintage & Pre-Owned concept store. Urmaker Bjerke will be Eger quarter’s largest occupier.
per cent, benefiting from the focus on cost optimisation and gross margin management. per cent to $351 million, impacted by higher finance costs and in line with previous guidance. The post Endeavour Group’s net profit drops despite top-line growth appeared first on Inside Retail Australia. However, net profit after tax slid 3.6
The high volumes of unwanted gifts and remorseful sale purchases have implications beyond the bottom line the environmental impact of emissions, repackaging and damaged goods is becoming excessive. Christmas and end-of-year sales are big business for retailers but they also drive enormous returns.
The full merger of Monki into the Weekday platform is slated for next year, covering both online and off-line retail. To streamline its brand portfolio, H&M Group will integrate the Monki label into its Weekday brand and rebrand all of its Monki stores.
Established in 2022 in Howrah, the retail centre spans 6002sqm and is anchored by a Coles supermarket, a full-line Priceline, a 24-hour drive-thru McDonald’s Liquorland, and 16 other specialty stores. JLL’s Jacob Swan, Stuart Taylor and Tom Noonan managed the sale process.
Inside Retail Australia ‘s managing editor Heather McIlvaine and features and premium editor Tamera Francis, and Inside Retail Asia ‘s features and premium editor Tong Van will also serve as judges in the event. “The quality of entries this year was phenomenal.
Levi Strauss & Co reported a weaker top line for the first quarter of FY24, which was attributed to the impact of its Russia business as well as a shift in wholesale shipments. On the bottom line, the company swung to net loss of $11 million from net income of $115 million in the prior year.
Great product diversity, changing consumer demands, and the expansion of e-commerce have turned inventory management into a major pain point for retailers. Poor inventory management results in overstocking and under-stocking, impaired cash flow, and losses from theft and spoilage. Here are some reasons why: 1.
Though most of the supply-chain disruptions the Covid-19 global pandemic caused are over, geopolitical fault lines developed in 2024, with heightened military tensions in the Middle East and global power brokers flexing their muscle to the detriment of the stability and cost of some global supply chains once again.
And some seven years on, much to the dismay of retailers, it is now starting to shake the tree and become a real force in the market , as Australian shoppers increasingly turn to alternatives to manage the cost-of-living crisis. Amazon announced it posted over $3.1 billion in 2022.
Before engaging with Zebra, the company’s management realised team members were struggling with operational inefficiencies. District managers, who oversaw an average of 20 stores each, had no unified method of communication – each was spending hours trying to manually track stores’ activities and results via emails and phone calls.
Product is sequenced into a carton or tote, in order line sequence, allowing layering of product via automation. Hangered garments can also be sequenced in order line sequence, allowing garment trolleys to be built in a smart SKU sequence for easy transfer to racks on the store floor. Improves space utilisation in-store.
As a country, our collective inaction around the often questionable behaviours of big business suggests a fair amount of complacency – until someone crosses the line,” Ritchie told Inside Retail.
Kevin Johnson, retail manager at Gerflor, and Lee Jacovou, key account manager, said retailers are increasingly recognising that sustainable flooring offers a powerful combination of long-term durability and a reduced ecological footprint.
Liverpool ONE has announced that luxury Swiss watchmaker, Breitling , has made its city debut at Liverpool ONE, launching in a showcase space alongside Paradise Streets line-up of flagship stores from leading international retailers.
The 15 brands that have renewed at Merry Hill this year span its diverse line-up, including British book retailer Waterstones, which covers two floors near the flourishing Leisure Quarter. Renewals formed over half of these, underscoring Merry Hill’s performance, where leading brands succeed and want to stay long-term.
Beth McDonald, Managing Director at Derbion said: “Castore has significantly expanded in recent years in response to increasing demand from customers seeking high quality performance sportswear.
With real-time task management and peer-to-peer communication solutions, you can deliver the speed, power and ease your workforce needs to lift productivity and service. By leveraging advanced forecasting to increase front-line engagement, Zebra Workcloud can boost output and satisfy customers.
Railpen, one of the largest pension managers in the UK, has announced Caledonia Park, its premium designer outlet village in Scotland, has experienced a record-breaking year for sales and performance.
As Singapore is a strategic gateway to the Southeast Asian market, it was imperative that we launched stores here,” Washing Zhong, country manager at Descente Singapore, told Inside Retail. The company also plans to increase its presence across the island and beyond. “As
Spanning 8,000 sq ft on South John Street, the space houses the brand’s three main lines; Bershka, BSK and Man, as well as a number of exclusive ranges. With Stradivarius set to join the line up later this year, the four brands will occupy over 53,000 sq ft of space.
Meanwhile, LDO has also enhanced its F&B line up after announcing that Afrikana would be opening a new location early in 2025. Situated just 12 minutes from central London, it is the capital’s best-connected outlet centre and is easily reached by three tube lines, two train lines, eight bus routes, plus ample car parking.It
“This year it feels like Australian retailers have opted for a longer sales period starting their Black Friday promotions weeks before the day,” Locke Fitzpatrick, digital marketing manager at LSKD, told Inside Retail. “We We’re pleased with the initial sales figures, which are in line with our expectations.
Nuholt Huisamen, managing director for East Asia Pacific at Levi Strauss & Co., These include the highly anticipated launch of Blue Tab, the brand’s most premium denim line yet, and a renewed focus on creating immersive retail experiences across the region. For Levi Strauss & Co.,
The store carries signature lines such as Lock by Tiffany , HardWear by Tiffany, T by Tiffany and Knot by Tiffany, as well as high jewellery offerings set with diamonds and coloured gemstones. Kate Pearson, Director of Asset Management, Pradera Lateral – Trafford Centre’s Asset Managers, added: “We are thrilled to welcome Tiffany & Co.
Crocs has reported better-than-expected sales and profit for the third quarter, but management has revised its outlook down due to the continued decline of its HeyDude brand. On the bottom line, Crocs’ net income increased to $199.8 The company’s consolidated revenues increased 1.6 per cent and wholesalers revenues contracting 1.4
On the bottom line, operating income was $324 million compared to the guidance range of $170 million to $200 million. VF Corp previously reported a 6 per cent sales drop in the second quarter, which management said was in line with expectations. Net debt was down $1.9 billion versus last year.
These salts are also at the heart of Angel’s exciting new product line-up, including the much-anticipated Angel ® 1200 and Angel ® 20000, which promise to redefine vaping convenience and performance. said Angel® Brand Manager at Vapes Bars.
When automated assembly lines were introduced, factory workers couldnt see a use for their skills. They became store managers and customer happiness assistants. Think about your favourite manager or that colleague everyone loves working with. But those retail workers? Those factory workers?
A recent study revealed that 48% of total stock bought by UK retailers had to be discounted, highlighting the negative impact of bad buying disciplines on the bottom line. In our view, Forecasting software is a far more effective approach to supply chain management.
The share of managers and professionals in total resident employment rose from 24.7 For instance, a metro line getting expanded has a direct effect on demand for housing. As a result, Wyndham’s workforce has seen a notable shift towards higher-skilled jobs. per cent in 2006 to about 33 per cent in 2021.
Endeavour noted it is tightly managing its costs of doing business amid persistent inflationary pressures. Previous story: Endeavour Group’s net profit drops despite top-line growth. Meanwhile, hotel sales rose 1.5 per cent to $487 million during the first quarter. The post Endeavour Group’s retail sales increase 2.4
The non-stop line-up of over 25 large-scale events and more than 100 brand activations hosted throughout 2024 attracted record visitors to Battersea Power Station across the year. An exciting line up of new British and international brands are also set to open in early 2025, including childrens clothing brand Lindex, On Running, R.W.
While it is certainly true that there are challenges in wholesale and that the luxury market is softer, these factors do not explain Capris chronic inability to stabilise its sales line. A change of tack is desperately needed, as is some shuffling in the management suite. A decline of 11.6 per cent and Michael Kors down 12.1
In bricks and mortar, the key take-outs have seen an increase in retailers delivering visually rich digital content to blur the lines between the experiences customers are getting on a device and replicating on a larger scale at the store. Finally, video content will dominate product detail pages, becoming essential for driving purchases.
The choice of time frame significantly impacts a traders strategy, risk management, and potential profitability. Long time frames: Moving averages, Fibonacci retracements, trend lines. Yes, but it requires dedication, experience, and a robust risk management plan. They focus on fundamental analysis and major market trends.
QVM management will take a “collaborative approach” to phase out the sale of inauthentic goods instead of waiting for guidelines or direction from a new national law. “We We know our traders aren’t knowingly doing the wrong thing and we’ll be supporting affected businesses to transition their product mix.”.
However, with these challenges, there is a significant upside: Operating efficiently and intelligently can bring massive bottom-line benefits to a retailer, including predictive accuracy of demand, optimised labour, and reduction in wastage and clearances,” he continues. “In
Nike has reported a decline in sales for the third quarter, but management said the company is still on the right path as it continues to execute its strategic priorities. On the bottom line, net income dropped 32 per cent to $0.8 For the three months ended February 28, revenues were down 9 per cent year-on-year to $11.3
Management said the company faced a challenging economic and geopolitical environment, as well as a high basis of comparison following several years of exceptional post-Covid growth. On the bottom line, profit from recurring operations was down 14 per cent to 19.6 The luxury groups revenue edged up 1 per cent to 84.7 billion (US$88.3
The store has been decorated in line with QUIZ’s recently revamped and modernised shop design, including an open ceiling with a central raft and led spotlights throughout the store, as well as a full height glass shopfront and digital window screens to display QUIZ latest ranges, with touches of gold features throughout the shop.
On the bottom line, consolidated operating income decreased 1 per cent. The company management did not mention last week’s E coli outbreak in the results. Comparable sales through its own operated international markets dropped 2.1 per cent, driven by poor performance in France and the UK.
The property development and funds management company anticipates closing the sale of Southgate Square in February and of Rosebud in June. The company secured sale agreements following unsolicited market offers and both sales are in line with the June 2023 valuations. “The sale proceeds of $225.5 cents per unit for FY24.
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