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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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Mosaic to axe five brands in rescue plan: here’s the list

Inside Retail

Mosaic Brands will “wind down” five of its brands to focus on its other five businesses as it struggles to remain afloat due to operational issues. The brands to be wound down are Rockmans, Autograph, Crossroads, W Lane and BeMe, as part of what Mosaic Brands CEO Erica Berchtold calls a Focus on Core plan.

Planning 299
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Solomon Lew plans to spin off Peter Alexander and Smiggle next year

Inside Retail

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. Other legacy brands, including Just Jeans and Portmans, will remain inside the Premier Investments vehicle.

Planning 264
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LSKD appoints first chief retail officer as part of its “audacious” growth plan

Inside Retail

Australian athleisure brand LSKD has appointed its first chief retail officer, the former director of retail for Lululemon ANZ Alex Shaughnessy, as part of its strategy to become a world-class retailer. Part of this expansion strategy is to give LSKD customers the ability to shop directly with the brand. “We

Planning 264
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Silly Solly’s plans 10 more stores as it moves to franchise model

Inside Retail

Aussie discount retailer Silly Solly is on a growth trajectory, with plans to expand as a franchise, after shifting from a licensing model. Expansion through conversion Silly Solly’s is looking for conversions in its growth strategy and is targeting other discount stores whose owners want to be part of a bigger buying arrangement.

Planning 298
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Why Best Buy, Walmart, other major US retailers are touting health services

Inside Retail

Also on Thursday, Walmart announced plans to open 28 new health centres in Texas, Arizona and Missouri, bringing the national total to more than 75 locations. Amazon’s push into healthcare some five years ago has yet to disrupt longstanding industry practices or reap windfalls from its virtual pharmacy and other programs.

Other 246
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Temple & Webster’s $1 billion business plan and “openness to try new things”

Inside Retail

However, Temple & Webster plans to join the club by investing in technology to scale and gain a competitive advantage. By commercialising AI, he said, “there could be advantages that we deploy to win in other adjacent categories or markets ourselves”. “If million in FY23 to $1.8

Planning 262