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Kogan reports first-half growth fuelled by strong holiday sales

Inside Retail

Kogan has returned to strong top-line growth in the fiscal first half, which was fuelled by solid holiday sales. On the bottom line, gross profit rose 18.3 The company reported gross sales of $492.5 million during the July-December period, a 10.3 per cent increase year-on-year. Revenue also grew 9.9 per cent to $272.7 per cent to $25.3

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What the class action against Coles and Woolworths means for ‘The Big Two’

Inside Retail

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. Coles and Woolworths intend to defend themselves against the accusations of misleading promotions and illusory sales.

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Coles confuses customers with new reusable plastic promotion

Inside Retail

Despite pledging to stop handing out plastic toys with purchases of groceries on environmental grounds , supermarket Coles last week announced a new line of plastic picnic goods that can be earned by customers using their Flybuys card at a supermarket or online. It’s going to end up in a recycling bin, stockpiled or in landfill.

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David Jones, LSKD reveal how their Black Friday sales are performing so far

Inside Retail

The Black Friday Cyber Monday sales period has expanded to become ‘Black November’ this year, with many retailers and brands starting their promotions earlier than ever. In 2021, the business went live with its promotions on November 18, in 2022 on November 15 and last year on November 9. This presents a predicament for retailers.

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Supermarkets and ARA defend industry after ACCC inquiry findings

Inside Retail

It cited promotional programs, increased price transparency in the horticulture sector, and having made it easier for customers to find and compare the best unit prices for products on the Woolworths website and app, as examples.

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Black Friday footfall expected to rise +2%, as discounts unlock pent-up spending from bargain-focused, post-payday shoppers – RetailNext

Retail Focus

Black Friday is now an established festival of discounting, with many retailers offering up an entire month of discounting and some even starting Black Friday promotions as early as October,” Gary Whittemore, Head of Sales EMEA & APAC at RetailNext, commented. “But

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Can the ‘Back to Starbucks’ strategy reverse the company’s fortunes? 

Inside Retail

Offering more promotions does not seem to have worked as consumers forgo some coffee occasions or replace them with cheaper alternatives such as having a coffee at home,” Saunders said. Its cafes are too busy, lines too long, and too many of them are not pleasant places to linger.

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