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The Reject Shop CEO quits, interim chief named

Inside Retail

Andre Reich, CEO at The Reject Shop, has stepped down with immediate effect. Under Andre’s leadership, The Reject Shop’s corporate culture has been reset, the business has returned to profitability with a lower cost base, the balance sheet is strong and the store network continues to expand.

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Back in the black: The Reject Shop reports 63 per cent profit growth

Inside Retail

Discount retailer The Reject Shop has returned to profitability in FY23 as cash-strapped customers shop for lower-priced goods. million with comparable stores sales growth up 4 per cent. Overall sales increased 5.8 per cent to $819.3 Tax-paid profit grew 63.4 per cent to $10.3

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Retailers’ Big Opportunity? ‘Create New Shoppers,’ Advises Kantar SVP

Retail TouchPoints

consumers to return to some version of normalcy, global sentiment is still mixed, according to Kantar’s Wave 9 survey of more than 10,000 people across 20 countries. Anxiety rates undoubtedly influence consumer behaviors, especially shoppers’ willingness to return to large physical spaces such as malls.

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Retail Trends to Pay Attention to in Charts

Indigo 9 Digital

But consumers had other ideas, it turns out they enjoy shopping in stores more than many realized and in categories like clothing the share of online sales now are lower than before the pandemic. eCommerce returns. It can cost a retailer between $10 to $20 per order to process a return and this cost does not include shipping.

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Retail Channel Strategy – Don’t forget the discounters

Mike Anthony

The IGD in the UK predicts that the discount channel will be the fastest growing grocery channel in the UK over the next five years (yes – faster than online!). But when we talk about shopping experience, it isn’t all about ‘bells & whistles’ (though discounters have made huge strides in improving the shopper experience in their stores).

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McMillon says, ‘We can do more’

Mass Relators

Over the course of the last decade, the company that began as a general merchandise discount store operator has entered several new fields, including financial services, technology development and health care clinics, to name just a few. store managers. He added that turnover among managers has stabilized since 2022.

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Analysis: The rise of the purposeful consumer

Inside Retail

Consumers are shopping with purpose, and consumers are shopping for purpose. Shopping with purpose. How consumers shop has radically changed and effective targeting in retail means coming to grips with the detail of those changes. Consumers are engaging in more deliberate shopping behaviour. Shopping for purpose.

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