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Discount variety retailer The Reject Shop plans to open more stores this year to support sales growth and increase profitability. The company is investing in other initiatives across the business, including in supply chain, technology, infrastructure and warehouse management, he added. The Reject Shop posted record sales of $852.7
Traditionally, major retailers worldwide have had to rely on local government data and interpreting planning policies to determine where to land bank for future developments and where to consider rebuilding, upgrading or expanding existing stores. Their insights help communities and decision-makers plan for the future.
In the past three years, the average employee experienced 10 planned enterprise changes, up from two in 2016. Change requires empathy and understanding for individuals and teams to manage the emotional rollercoaster it can create. Five simple starts to help manage change Link purpose, vision and values. Language matters.
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. March has started off a bit better,” he said at a press conference.
Future-proofing your tech stack is a crucial part of long-term strategic planning. But how do you future-proof if your plans involve acquisition, and a tech stack you don’t have control over?
Delivery management platform and post-purchase experience provider, Scurri , today reported a record-breaking performance in 2024, announcing it had processed 154 million shipments through its platform last year, increasing from 115 million in 2023. Scurri facilitated a Gross Merchandise Value (GMV) of total shipments of 16.5
To manage regulatory hurdles, GMG has established a regional headquarters in Kuala Lumpur and an operational office in Singapore. The post How GMG plans to win Southeast Asias sports retail market appeared first on Inside Retail Australia. Further reading: How Dubai sportswear giant GMG aims to crack the Southeast Asia market.
We get that running a business is a constant juggle, and managing cash flow can be tricky. Inventory management software or a simple forecasting system can be a valuable tool to manage this. FAQs on small business cash flow management What steps can I take to maintain a positive cash flow?
Hog’s Breath Cafe is looking to rebuild its restaurant footprint, and has plans to open another 20 restaurants by 2029. He has a number of growth solutions, including opening corporate stores with a plan to franchise them once established. Under the previous management the brand got confused and we lost our way.”
Nuholt Huisamen, managing director for East Asia Pacific at Levi Strauss & Co., The post Nuholt Huisamen on Levis 2025 plans for East Apac and the Blue Tab launch appeared first on Inside Retail Australia. For Levi Strauss & Co., shares with Inside Retail his top strategic priorities for the year ahead.
In addition, the initiative provides intelligence for planning and rostering. The post Coles has plan to enhance customer experience through AI appeared first on Inside Retail Australia. “We also want to understand the impact of and relationship between our operations and the customer experience.”
Retail billionaire Solomon Lew has announced plans to spin off two major brands Peter Alexander and Smiggle from his public company Premier Investments next year, as part of a global expansion strategy. The brand has announced its plans to expand into the UK, with the first two stores and dedicated website launched before Christmas.
In the wake of the tragic Westfield Bondi Junction stabbing attack on April 13, Australian retailers have been revisiting their emergency response plans to ensure they are fully prepared for every contingency. Retailers revisit emergency response plans appeared first on Inside Retail Australia. The post “What if this happens to us?”:
Aussie discount retailer Silly Solly is on a growth trajectory, with plans to expand as a franchise, after shifting from a licensing model. The Silly Solly’s brand has come full circle, now owned by Stanton and an Australian management team that reinvented the model in 2018. “We
Chen, a former food franchisee, and Sharvell, an ex-Hungry Jacks area manager, have appointed former Soul Origin executive Chris Mavris as chief operating officer, and Minu Kaneshakarnar, formerly with The Cheesecake Shop, as marketing manager. This story was originally published on Franchise Executives.
Incoming CEO Vlad Yakubson will start earlier than planned on October 9. Our key focus is on executing our strategic priorities, being disciplined on promotional activity and price point management to maximise gross margin dollars, controlling costs and delivering outstanding customer service to maximise sales conversion and basket size.”
Adore Beautys earnings more than doubled in the fiscal first half, which management says reflects the early phase of the companys growth strategy. The company plans to open four to six additional locations later this year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 94 per cent to $4.6
Head of communication Nadine Schmidt told the Belgian newspaper De Standaard , the initiative it was part of “testing, learning, adapting, and refining the range” H&M has also struggled with stock management , which has contributed to “disappointing” financial results that led to the exit of former CEO Helena Helmersson.
As part of the arrangement, Glow obtained 51 per cent ownership of Cargo Crew, with the brand retaining full management control. Domestic and global plans Rodgers explained that different companies had approached Cargo Crew over the years to discuss what a joint venture or partnership would look like.
Managing inventory in hard goods retail is a constant balancing act. Retail environments are highly competitive right now, making inventory management more than just a back-end function its a critical driver of sales, customer satisfaction and financial health. Yet, traditional inventory planning methods struggle to keep pace.
Following its store launch in Sydney earlier this year, Hong Kong-based tech accessories brand Casetify is planning to expand across Australia, as part of a larger goal of reaching 100 stores globally by 2025. The program will include plans to upcycle donated phone cases as part of the manufacturing process in order to develop new cases.
” For the fiscal year, the group plans to open 10 Supercheap Auto, four Rebel, five BCF, and six Macpac stores. . “Team member safety remains a critical focus in an environment that includes increased incidents and severity of retail crime and theft.” Nine of the stores have been opened during the fiscal first half.
Tara Daly, senior director of product marketing at Loop Returns , shares with Inside Retail advice on getting started in the US market, some tips on cross-border shipping and logistics – including managing returns in a way that builds customer loyalty – and how to drive repeat business. The post Planning to sell online in the US?
While customer service remains an essential outcome, it is a byproduct of well-planned and flawlessly executed operational strategies. Prioritising execution over planning Execution is everything, Adam Wiser, founder of Storetaskr, told Inside Retail. You cant manage what you dont measure, Wiser noted.
Then, as part of our longer-term plan, we will look to expand to other locations. The plan is to support the concepts with outlets in similar areas. IR: Are you also able to discuss how Reebok is planning to combat intense cost-of-living pressures at the moment?
Belles’ managing director Joss Jenner-Leuthart told Inside Retail that the brand has chosen to raise funding through this particular route – rather than a traditional capital raise – as it provides customers with the opportunity to connect more deeply with the brand, and feel a genuine sense of ownership over it.
The plans were revealed along with the group’s annual result which saw a $33.5 CEO Scott Evans said the company’s improved performance stems from management recognising that retail has “forever changed” with customer expectations shifting dramatically. The new ones in planning will be located largely in regional areas.
Typically, consumers seek out department stores and shopping centres to get in the holiday spirit but LaManna has managed to position itself as the exception. LaManna, the 10,000sqm independent supermarket located at Essendon Fields, is rising to the Christmas occasion.
We plan on using local ingredients sourced in Australia wherever possible. Wendy’s plans to enter the Australian market on the east coast, and the company is exploring major cities like Sydney, Melbourne and Brisbane. We also plan to align resources to further support development acceleration across the US and international segments.
The changes will also allow Australia Post to manage priority mail, roughly 8 per cent of all letter traffic, differently to “deliver services at a more commercial rate,” the joint ministerial statement said. Australia Post has applied to the competition regulator to increase the basic letter postage rate to A$1.50
featured speakers such as Beatrice de Quinsonas Drouas, Director of Research at BPCE Solutions Immobilires; Mathieu de Mallman, Global Head of Retail and Healthcare at AXA IM ALTS; Eric Decouvelaere, Head of EMEA Urban Destinations at CBRE Investors Management; and Romain Muller, Head of Investment Management Retail at Union Investment.
Renowned Australian footwear business Munro Footwear Group (MFG) recently acquired the popular but beleaguered New Zealand kids’ footwear brand Bobux, as part of a plan to consolidate its presence in the children’s market. The long-term plan is still being finalised,” he said. The initial focus is on stabilisation.
Temple & Webster also has plans to achieve $1 billion in annual sales within the next three to five years. It plans to increase its brand spend in the upcoming financial year. Beautiful spaces through AI As part of its plan to gain market share and reach $1 billion in sales, Temple & Webster has invested in its private labels.
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.
Now, Mosaic’s presumably ‘core brands’, Millers, Noni B, Rivers and Katies, are also on the chopping block as the retail group looks to accelerate its rationalisation plan and attract new customers across metropolitan and regional Australia through the administration process. The post Is a large store network the key to success?
Joe Rossi, managing director and son of the founder, said it was a strategic decision to secure a site in the tourist region. While we have set up the infrastructure to scale the business, we dont have a plan to rollout 20 locations. We want to grow this properly. This story was originally published on Franchise Executives.
Myer’s acquisition of Premier Investments’ Apparel Brands appears to be the next step in Olivia Wirth’s plan for the department store’s loyalty program, Myer One. This is an opportunity to continue to grow it in a way that is a step change,” Wirth said about the impact of the acquisition on Myer One, which has 10.6
Lays started searching for its store manager last week, according to a LinkedIn post of head of people and culture Bri Brown. BBRC has not made an official announcement or shared any plans about the label. Honey Birdette’s former global CEO Julie Hastings is COO.
Tough times “We’ve poured everything into it, given it every opportunity and it got to the point where it just couldn’t work,” Ross Poulakis, Harrolds Group’s managing director, told Inside Retail. The luxury retailers that are thriving have managed to find that sweet spot between their digital and physical offerings,” Gray said.
Omnichannel operational structure Adore Beautys executive team has been reshaped to ensure the business has the right structure to execute and manage the opening and operation of its bricks-and-mortar stores transforming the beauty retailer into an omnichannel one.
The brand also plans to open a “shop-in-shop” in the iconic department store in May this year, affirming that wholesale remains a key pillar of Levi’s DTC-first strategy. Lucia Marcuzzo, Managing Director of Europe at Levi Strauss & Co says : At Levi’s, DTC-first doesn’t mean DTC-only.
Jerome Bellony, managing director of Clarins Australia and New Zealand, spoke with Inside Retail about entering a new era in how the business connects with customers. IR : What is the retail plan for Clarins ANZ and how has this changed from the previous retailer-led approach?
The post EU plan would force brands to repair worn-out products for up to 10 years appeared first on Inside Retail. Reporting by Kate Abnett ;Editing by Elaine Hardcastle, of Reuters.
In our view, Forecasting software is a far more effective approach to supply chain management. Accurate prediction of future demand based on seasonal trends and planned promotional activity drives more informed and timely buying decisions. 4, Longer term inventory planning reduces the need for high GHG impact expedited shipping (e.g.
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