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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 store openings are part of the strategies to improve sales and gross profit margin in FY25, said CEO Clinton Cahn. In a trading update, the company said it is targeting to open 15-20 new stores in FY25.
Recalibrating social media Retailers might not be seeing a return on investment from Meta and Google because theyve let ads become their entire marketing strategy instead of what they should be an accelerator, according to co-founder of digital agency Ecom Nation Mal Chia.
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 todays competitive retail landscape, customer insights play a crucial role in shaping business strategies and enhancing the overall shopping experience. Inside Retail spoke with Officeworks’ general manager of customer and online Jessica Richmond about how the big-box retailer integrates customer feedback into decision-making.
In the past three years, the average employee experienced 10 planned enterprise changes, up from two in 2016. Thats according to David A Shore Doctor of Philosophy, Education/Strategy, Southern Illinois University. Change requires empathy and understanding for individuals and teams to manage the emotional rollercoaster it can create.
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
However, as AI-powered platform Blue Yonder’s Brett Egglestone, senior director – retail industry strategy, advises, it does not matter what time of the year it is: your customers always expect the same level of service. Blue Yonder has identified five common challenges to cover in your peak season strategy… 1.
Despite its rapid expansion, GMG remains focused on a localised approach, tailoring its retail strategies to consumer behaviours in Malaysia, Singapore and Indonesia. To manage regulatory hurdles, GMG has established a regional headquarters in Kuala Lumpur and an operational office in Singapore.
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. But it’s not all about size, Premier’s Apparel Brands’ omnichannel strategy and customer connection align with Myer’s approach to loyalty.
Hog’s Breath Cafe is looking to rebuild its restaurant footprint, and has plans to open another 20 restaurants by 2029. The strategy is for franchisees to break even without having to do 2000 covers on a weekend and school holidays,” he says. Under the previous management the brand got confused and we lost our way.”
We get that running a business is a constant juggle, and managing cash flow can be tricky. U nderstanding your cash flow: The key to control Before diving into specific strategies,lets take a quick detour to Cash Flow 101.Cash Inventory management software or a simple forecasting system can be a valuable tool to manage this.
Two dedicated sessions delved into analyses from international investors, highlighting their views and strategies in an evolving environment. Investors are returning to the market with growing volumes, particularly in Southeast Europe and the UK, adopting an opportunistic strategy centred around winning concepts.
Nuholt Huisamen, managing director for East Asia Pacific at Levi Strauss & Co., Particularly in the North Asian markets, we are seeing tremendous success with our premiumisation strategy, and the launch of our latest Blue Tab line will also be a driving force for further growth. For Levi Strauss & Co.,
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.
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 The chain boasts ‘Nothing over $5’ in its advertising.
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. The food emporium has earned a reputation for its hospitality-first approach in the grocery sector and its strategy for the holiday season will follow the same playbook.
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.
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.
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?”:
Having found out that “traditional” management tools have become less relevant, brands were forced to rethink their processes to survive, stay relevant and true to their audiences. . If experience has become an integral part of brand strategy, it is because brands are more customer-focused than ever.
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.
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.
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.
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.
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.
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?
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.
Planning approval has been granted for the reconfiguration of four entrances at Highcross Shopping Centre, one of NewRivers capital partnership assets in Leicester. This strategy has been focused on reinvigorating this popular destination shopping centre in the heart of Leicester to create a vibrant retail and leisure experience.
And it doesn’t plan to stop there. last minute shopping needs, and complement our existing e-commerce offer,” Woolworths Metro general manager Justin Nolan said in a statement. Uber Eats regional general manager retail for ANZ, Lucas Groeneveld, said that the company has seen significant demand for grocery items on the platform.
Designworks’ divisional general manager Brooke Norton told Inside Retail that the brand sells about 15 million units each year and is heading towards $200 million in wholesale sales. According to Norton, Designwoks plans to expand in four key areas. And it supplies to department stores, such as David Jones, Myer, Kmart and Big W.
By using future-focused insights, retailing marketers can evolve their strategies to stay abreast of change. Aligning marketing strategy to a range of potential futures allows us to mitigate risks and reduce unintended consequences, while taking advantage of opportunities. A marketer’s crystal ball?
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.
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.
Business model and strategy The company offers products across 15 categories, including trendy toys, beauty products, stationery and snacks, with exclusive regional distribution rights for some items. some manages a supply chain spanning global sourcing, inventory management, and logistics. On the operational side, Oh!some
LSKD founder and CEO Jason Daniel said that the brand spends a lot of the year planning and preparing for peak period. We’re seeing more resilience from brands with every-day and low-price strategies. The post Strategies for success: LSKD and Shippit on preparing for peak season appeared first on Inside Retail.
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.
It has already acquired several e-commerce businesses in Australia, where it plans to focus its efforts. Sellers often have a deep understanding of their market and target customers and bring ideas for new product launches and an overarching brand strategy. “It Johnston expects Una Brands to reach that milestone in the next year or so.
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?
Of course, this is much easier said than done, with “going green” not something that can be done overnight and instead requires careful thought and planning. There is no escaping the subject of sustainability, with retailers under increasing pressure to implement changes to make them into a more planet friendly operation.
Woolworths looks to follow suit Woolworths Group CEO Amanda Bardwell announced the companys own plan to reduce product range after delivering disappointing half-year results that revealed net profits dropped 20.6 But at the same time making sure that weve got a real laser focus on execution and cost control in our business. per cent to $1.45
Jason Parke, general manager of Deliveroo Singapore, spoke to Inside Retail about the strategy behind the partnership, evolving consumer expectations, and how technology is shaping the future of grocery delivery. Deliveroo’s backend system also allows partners to easily manage the menu listing as well.
The reported closure of Microsoft’s brick-and-mortar stores managed by authorised retail partners in China has raised questions about the tech giant’s strategy in the world’s second-largest economy and whether the move is counterintuitive when the market’s consumer electronics sector has seen a sign of recovery.
This latest acquisition further demonstrates Evolves’ expertise in identifying opportunities to buy, manage, and curate landmark mixed-use developments in attractive regional locations. The area has seen significant residential development over the last few years, with further investment planned.
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.
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