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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
Following the oppression of isolation brought on by the pandemic, shopping-for-leisure in physical stores begins to replenish our essential need for real-time experiences and face-to-face interaction. female buyer pays with bank card in tea shop. female buyer pays with bank card in tea shop.
The Reject Shop says its new merchandise strategy is showing positive results. “Like many Australian retailers, The Reject Shop is currently facing a number of macro and inflationary pressures, including higher wages, domestic supply chain costs, and shrinkage,” said Clinton Cahn, The Reject Shop CEO.
Tenants at Caneland Central in Mackay, Queensland are completing their refurbishments as part of the shopping centre’s makeover. The post Mackay’s Caneland Central shopping centre completes makeover appeared first on Inside Retail Australia.
Melbourne-based fund manager Fawkner Property and alternative investment firm PAG have acquired Perth’s Midland Gate shopping centre for $465 million. The deal marks Australia’s largest single regional asset transaction since December 2019.
Selfridges has unveiled its latest installation, “Elton John at The Selfridges Corner Shop”, which aims to transform the retail space into a glittering reimagining of the iconic performer’s world. The post Elton John Takes Over Selfridges in Corner Shop Transformation appeared first on Retail Focus - Retail Design.
Credible reports suggest The Body Shop Australian business is facing a cashflow crisis as a result of the collapse of the UK parent company. The Body Shop operates about 100 stores in Australia and is said to be the most profitable international arm of the stricken business.
Fashion retailer H&M has launched its refurbished flagship store at Pitt Street in Sydney, coinciding with the appointment of Anna Baldwin as the new country sales manager for Australia and New Zealand. The post H&M names new ANZ country manager, opens refurbished Sydney flagship appeared first on Inside Retail Australia.
This includes cross-shopping, where consumers actively purchase their groceries from multiple stores. It’s not a new phenomenon for retailers but Coles and Woolworths are witnessing an uptick as grocery shopping becomes less habitual with consumers researching products extensively before heading to their local store.
From smart shopping carts and intelligent buying assistants, to dynamic pricing algorithms and inventory tracking systems, retailers will have access to a wealth of powerful tools that enhance their ability to meet customers’ needs and respond quickly to changes in the market. . Payment systems evolution. Introducing low-code tools.
Armadale’s High Street has become one of the most expensive shopping destinations in Melbourne and the row of retailers is essentially a who’s who of Australian fashion. All the connotations that come with high street shopping carry through to Armadale’s High Street with its pedestrian walkways lined with shops.
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. S&S celebrated its best every trading period with sales up 14% in H1 2024.
The appeal of in-store shopping in a thriving e-commerce era is not diminishing – but it is evolving, according to new research commissioned by technology company Lightspeed and Inside Retail. “It The report showed that customers expect both greater convenience and additional services from shopping in-store rather than online.
Very few shops left According to Bailey, the current economic downturn – in conjunction with the reduced number of people working in CBD offices – have acted as a “double-whammy” for the business. She said that if only one of these phenomena was occurring, Biome’s situation would likely be more manageable.
According to the report, about 70 per cent of respondents would like to make a change in their shopping habits to align with more ethical practices. At the same time, she pointed out that 70 per cent of Australians still want to change their shopping habits to align with their values over the next 12 months.
As the Black Friday 2024 shopping frenzy approaches, Australian retailers are gearing up for their biggest challenge yet – managing skyrocketing demand while staying efficient. To seize this massive opportunity, retailers must ensure smooth, scalable shopping experiences, and automation is the way forward. The key to thriving?
The Reject Shop has reported increases in both sales and profit for the fiscal first half. Management said the sales uplift was driven by higher basket counts and customer transactions, with growth recorded for both general merchandise and consumables products. The companys sales rose 2.9 per cent year-on-year to $471.7
Planning approval has been granted for the reconfiguration of four entrances at Highcross Shopping Centre, one of NewRivers capital partnership assets in Leicester. Highcross , a 1,100,000 sq ft regional shopping centre sits in the heart of Leicester and is the principal retail and leisure offer within the city and beyond.
Fawkner Property has agreed to acquire Cairns Central from Lendlease-managed Australian Prime Property Fund Retail (APPF Retail) for about $390 million. ” Lachlan MacGillivray of Colliers International and Sam McVay of McVay Real Estate managed the sale, the closing of which is expected in late February next year. .”
We currently live in an era marked by economic uncertainty, environmental consciousness, and a desire for uniqueness, Australians are increasingly embracing second-hand shopping. The hunt for the thrill of it One of the driving appeals of second-hand shopping lies in the exhilaration of the search, the dopamine release gained in the hunt.
Popular online brands, growing F&B operators, and established retail names are just some of the occupiers who have moved to Manchester Arndale over the past 12 months as the shopping centre strengthens its position as the North Wests premier retail destination.
AliExpress has become Australia’s most downloaded shopping app, surpassing Amazon, as shoppers become more budget-conscious amid rising cost of living. The post AliExpress emerges as Australias most downloaded shopping app appeared first on Inside Retail Australia. ” Meanwhile, AliExpress is holding its 3.28
Each young person has a fantastic story to tell of how their career in retail has developed, from starting out on the shop floor to travelling internationally as a footwear buyer, moving into management, or discovering the opportunities available in marketing, and much more,” she explains.
Combining the influence of viral content with the ease of online shopping, the triumphant success of TikTok Shop is no secret. Despite launching in select markets less than a year ago, in September 2023, TikTok Shop aims to grow its US e-commerce sales to US$17.5 But this is yet to be confirmed by TikTok.
You can’t write a step-by-step policy for this, all we can do is remind retail teams that they are more important than something happening to the shop,” Anne Natale, Jeanswest’s general manager of retail, told Inside Retail. “We Talking about this is important,” she said.
7-Eleven Australia has launched a 10-store trial of the next generation Pay & Go technology to test new ways to give customers a faster way to shop. 7-Eleven Pay & Go tech speeds up payment processes Stephen Eyears, 7-Eleven Australia’s general manager-technology and strategy, said speedier shopping is the goal.
The project is expected to grow RHTC to over 80,000sqm and bring more than 50 new shops plus 200 additional parking spaces. Retail assets owner, manager and developer The GPT Group said it has secured about one-third of the new tenancies for RHTC.
The main driver of the excess spending, according to CBA executive general manager of everyday banking Kate Crous, are shoppers not wanting to pay full price after two years of pandemic has left them wanting to make their money go further. “As
Real estate investment trust Growthpoint Properties Australia is selling Albany Creek Village shopping centre, with an expression of interest campaign set to begin next week. Tynan said the high-performing venue will be defined as a true town centre and offers re-positioning opportunities in a prime metropolitan Brisbane location.
Its not just about numbers; the diversity of migrants also creates opportunities to reshape tenant mixes in Australias shopping centres and retail strips. Traditionally, this strong population growth would have transformed Australias retail landscape, with new and large shopping centres built to meet increased demand.
Much like the broader retail industry, The Reject Shop is facing inflationary pressures but it remains focused on its mission to provide value to its customers. “By By shopping with us, customers save money,” Amy Eshuys, The Reject Shop’s chief operating officer, told Inside Retail. “We
Local governments, planners, place makers, economic development managers, trade associations and retailers work hard to design, improve and revitalise main streets. Our research is the only-known Australian study to ask shoppers about the key elements, and shops and services, they regard as contributing to the ideal main street.
Staff will use a series of hi-tech cameras to follow customers as they do their shopping, and then bill them when they leave. Customers must register with Aldi’s Shop&Go app, which will allow them to enter the store, pick up their items, and then walk out. This store utilises the very latest in retail technology.”.
EuroShop 2023 will also be focusing on key topics such as Connected Retail, Smart Store, Energy Management, Third Places, Customer Centricity, Experience and Lively City Centres. One of the key dimensions of EuroShop 2023 is Shop Fitting, Store Design & Visual Merchandising, which is the heart of EuroShop and its largest dimension.
Retailers are grappling with ever-multiplying channels, and managing disparate touchpoints while trying to create a seamless, excellent omnichannel experience. This is a comprehensive approach that extends beyond online sales to encompass various critical aspects of retail operations, with inventory management and pricing at its core.
Located about 9km north of the Sydney CBD, Chatswood Chase is a major regional shopping centre with an average household income 32 per cent above the city average. The deal will raise the value of JY Group’s Australian shopping centre assets to over $2 billion. per cent premium to June 2023 book value.
Frozen yogurt and acai brand Yo-Chi has opened its 30th store in Semaphore, South Australia, which management said marks a “huge milestone” for the brand. “It Established in 2022, the yogurt shop is known for its buffet-style bar that allows customers to create their own frozen yogurt or acai desserts.
per cent year on year, the latest quarterly Inside Australian Online Shopping Report shows. Affordable fashion has driven the increase in online spending over the past quarter despite the ongoing cost-of-living crisis, according to a report by Australia Post. Online spending for the April-June period was up 1.1 Approximately 5.7
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. I had clients tell me they refuse to shop in the city now,” Poulakis said.
Westfield Knox in Victoria has opened its redefined food court on level one, which forms part of the shopping centre’s $355 million redevelopment. The food court features several stores including Mad Mex, KFC, Chatime, Roll’d, Subway, Soul Origin, A+HK Café, Bonbons Bakery, New Era Dumplings, and Royal Donuts.
Retailers are integrating AI with bricks-and-mortar shops and online platforms to give the shopping experience a remarkable transformation, enhancing both customer satisfaction and operational efficiency. Inventory management Predictive analytics: This helps optimise your stock levels, preventing overstocking and stockouts.
In less than a decade, Brittany Gian has worked her way from sales assistant to general manager of retail at Lush. Here, we speak to Gian about the imbalance of women in leadership roles versus the shop floor, rethinking roles in retail that are gender inclusive and the career advice that she continues to call back on.
Unifying online and offline channels with a single system Todays customers expect a seamless shopping experience, whether theyre browsing in-store or online. Online customers can also check product stock at their preferred store, ensuring theyre making informed decisions before heading out to shop.
The company managed to eke out a 1.7 Whats different here though is that Vincoms core competencies dont seem to extend to the design, customer experience and other skills that define the best shopping-centre developers. Leasing revenue increased 3.9 per cent increase in after-tax profit, to 1085 billion VND.
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