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The Reject Shop plans more stores as sales surge

Inside Retail

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.

Planning 278
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Why retailers must rethink their Meta and Google ad strategies in 2025

Inside Retail

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.

Strategy 237
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Residential development forecasts take the risk out of store location planning

Inside Retail

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.

Location 244
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How Officeworks uses customer insights to drive strategy

Inside Retail

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.

Strategy 130
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How to manage change without burning out employees

Inside Retail

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.

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Adore Beauty’s first-half earnings soar

Inside Retail

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

Strategy 266
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Five inventory strategies for retailers to win business this peak holiday season

Inside Retail

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.

Strategy 130