Inside Retail

AUGUST 24, 2023

billion in FY23 as operating conditions and consumer behaviours continued to normalise. per cent for the year as the business continued to respond well to trading and market conditions. Listed conglomerate Wesfarmers has reported tax-paid profit reached $2.5 For the year to June 30, group sales rose 18.2 per cent to $43.5

Returns 246

Returns Consumer Discount Store Marketing 246

Inside Retail

MARCH 6, 2023

The purchase will be funded using the company’s existing cash reserves while the settlement – subject to meeting certain terms and conditions – is set to be completed in the middle of this year. The company registered an underlying EBITDA of $5.1 million in the last financial year.

Discount Store 246

Discount Store 246

Inside Retail

OCTOBER 19, 2023

With Circular’s low-cost monthly subscriptions, cost-conscious customers no longer need to take on short-term credit card debt, use BNPL schemes, or agree to long-term lock-ins with telcos. To that end, he works constantly with partners to source older models in great condition to add to its pool of devices.

Consumer 261

Consumer Finance Planning Marketing 261

Retail Focus

DECEMBER 14, 2023

As well as this, supplier payment terms, discounts and customer payment behaviours need to be considered. Competition is fierce in the retail sector as traditional brick-and-mortar businesses face the digital revolution. Why retailers should prioritise forecasting Just like many other industries, retailers are faced with many challenges.

Payment Services 148

Payment Services Finance Promotions Management 148

Retail TouchPoints

NOVEMBER 18, 2022

Customers in North America can now resell Nobis jackets they no longer need by creating an account and posting images and details on the product’s condition. Pricing is decided based on the item condition, and products will be vetted by authenticity verification service Certilogo.

Payment Services 262

Payment Services Accounting Consumer Shopping 262

Inside Retail

MARCH 12, 2024

per cent drop in group sales for the 12 weeks ended January 20 and said it does not expect market conditions to improve in the near term. Apparel brand Superdry has confirmed it is in discussions with financial services company Hilco regarding additional funding to support its turnaround efforts.

Planning 130

Planning Apparel Fashion Management 130

Inside Retail

JULY 12, 2023

The “workwear couture” jumpsuit, which is made in Manchester, raises attention to poor working conditions in Bangladesh and other places. But this time there can be no doubt who created these labels of protest, it was Lawsuit.

Fashion 130

Fashion Fast Fashion 130

Retail TouchPoints

JANUARY 18, 2024

Gamification can be used as a short-term strategy to drive engagement or for long-term efforts to build customer loyalty. Loyalty gamification strategies, on the other hand, can also be part of an ongoing core program to drive longer-term impact. Commerce apps in particular stand to gain from gamification strategies.

Consumer 315

Consumer Customer Experience Marketing Returns 315

Retail TouchPoints

SEPTEMBER 6, 2023

Legacy FTC rules require sellers to disclose sale terms before consumers subscribe and to provide cancellation information. Clearly stating terms and conditions for recurring billing has long been recommended, regardless of whether the FTC adopts the proposed rule change.

Merchant Services 270

Merchant Services Payment Services Consumer Customer Experience 270

Retail TouchPoints

JUNE 28, 2022

But, as a company statement pointed out, market conditions have shifted dramatically in the last six months. We have now completed a thorough review of Boots and No7 Beauty Company, with the outcome reflecting rapidly evolving and challenging financial market conditions beyond our control,” said Rosalind Brewer WBA CEO in the statement. “We

Marketing 277

Marketing Finance ATS 277

Retail TouchPoints

JUNE 20, 2023

These executive changes come three months after Alibaba introduced a significant organizational transformation that will lead to what it terms the “1+6+N” model. These executive changes come three months after Alibaba introduced a significant organizational transformation that will lead to what it terms the “1+6+N” model.

Planning 276

Planning Management 276

Inside Retail

FEBRUARY 22, 2023

With many retailers facing a slowdown in customer demand and spending, there is a risk that staff will face more challenging workplace conditions as management looks to reduce expenses. This follows the stress placed on retail workers during the years affected by pandemic restriction.

Supermarket 246

Supermarket Management Planning ATS 246

Retail TouchPoints

SEPTEMBER 8, 2023

The two chains already have created a common website, Kroger Albertsons , and said the merger is on track to close in early 2024, subject to regulatory clearances and other closing conditions. Kroger said the settlement and payment terms would not affect the merger. billion in cash. The retailer generated $33.9 compared to Q2 2022.

Planning 270

Planning Grocer Wholesale Payment Services 270

Inside Retail

AUGUST 22, 2023

As we look ahead, we remain cautious and expect market conditions to remain challenging. The company expects market conditions to remain challenging in the near term, impacting on margins. For the year to June 30, the company’s marketplace revenue (MPR) reached $467.5 million, down 3 per cent with an EBITDA loss of $40.7

Returns 130

Returns Marketing Management 130

Retail TouchPoints

SEPTEMBER 13, 2022

We believe the $25 million – $27 million in anticipated annualized fixed cost savings we’ve announced help ensure RTR can navigate potentially rougher macro conditions, while also allowing us to significantly improve our medium-term profitability,” said Scarlett O’Sullivan, CFO of Rent the Runway in a statement. “As

Operating Expenses 277

Operating Expenses Planning Customer Experience 277

Inside Retail

FEBRUARY 8, 2023

Managing director at Spenda, a B2B payments solution company, Adrian Floate said that larger businesses should take more responsibility to pay in an appropriate time frame, and improve conditions for smaller players. This, he said, is “causing needless harm and cash flow challenges for small and family businesses.”

Payment Services 195

Payment Services Boutique Management Wholesale 195

Retail Gazette

JULY 31, 2023

Travis Perkins has seen its profits fall by almost a third for the six months to June 30 amid “challenging” market conditions and said its near-term trading was expected to remain difficult. Click here to sign up to Retail Gazette‘s free daily email newsletter

Marketing 98

Marketing 98

Retail TouchPoints

NOVEMBER 9, 2022

I think the activist situation, the fact that they struck with another letter back in mid to late September, kind of created the conditions for her to take a phone call.”. I firmly believe in the long-term potential of this company, our associates and our ability to deliver value for shareholders.”. according to CNBC.

Returns 297

Returns ATS 297

Retail TouchPoints

APRIL 5, 2023

They also need to run credit checks and make financing terms, fees and interest rates completely transparent. It is often too quick and easy to enter into a BNPL agreement, with 77% of consumers not even reading the terms and conditions.

Merchant Services 284

Merchant Services Payment Services Finance Consumer 284

Retail Wire

SEPTEMBER 26, 2023

Appeals for reactivation typically involve binding arbitration or email appeals, according to the platforms’ terms and conditions. Gig workers for delivery apps like Uber Eats, Instacart, DoorDash, and Grubhub report sudden and unexplained deactivations from their accounts, often for minor issues or problems beyond their control.

Accounting 100

Accounting 100

Retail TouchPoints

MAY 13, 2022

Instacart, in a statement to CNN Business , said that the reduction was due to new market conditions. “[We Markets go up and down, but we are focused on Instacart’s long term opportunity to power the future of grocery with our partners.”. We can’t control the market, but we can control how we respond.

Fulfillment 302

Fulfillment Supermarket Marketing Planning 302

Retail Gazette

JANUARY 31, 2024

Boots termed the development as “one of the most significant changes” in pharmacy healthcare. From today, consumers have access to advice, treatment and prescription-only medicines for seven common conditions under the new NHS service. Boots and Superdrug have launched NHS Pharmacy First across stores nationwide.

Management 111

Management Consumer 111

Inside Retail

JULY 2, 2023

In a trading update, the retailer said “challenging” trading conditions were observed throughout the second half of the financial year compounded by increased labour costs and other disruptions associated with the transition to the CFC. Pureplay books retailer Booktopia has raised $8.1 The raise comprises a $6.5

Fulfillment 228

Fulfillment Returns Management 228

Inside Retail

SEPTEMBER 12, 2021

Despite this uncertainty, the good news is that consumer sentiment is upbeat for Christmas and retailers can look forward to healthy trading conditions over the busy festive season. “We This is compared to last year’s expectations, which saw Aussies wanting to spend around $500 each.

Consumer 334

Consumer 334

Inside Retail

MARCH 3, 2024

The term ‘customer loyalty’ is commonly confused with ‘loyalty programs’. Given current economic conditions impacting both shoppers and retailers, focusing increasingly on customer retention over acquisition is key to driving better outcomes and returns.

Marketing 290

Marketing Customer Retention Returns Promotions 290

Inside Retail

MARCH 13, 2023

per cent growth figure in real terms. Those factors will all be on the radar of retailers along with the opportunity to negotiate continuing favourable lease terms and to cherry pick good locations that other retailers have been forced to close. The lift in sales followed a disappointing 4 per cent in December 2022 underpinning a 1.6

Returns 244

Returns Location Planning Accounting 244

Inside Retail

JANUARY 22, 2023

The initiatives are expected to position the company for the “challenging online retail conditions” in the near term. Pureplay retailer Booktopia says it has identified several business initiatives it expects will boost its bottom line by between $12 million and $15 million during the next financial year.

Advertising 246

Advertising Consumer ATS 246

Inside Retail

JANUARY 31, 2024

During this time, we have gradually taken clear steps towards our long-term goals. The H&M group is in a strong position, with a positive profitability trend and good conditions to make further improvements this year.” The appointment takes effect immediately.

Fast Fashion 130

Fast Fashion Fashion Management ATS 130

Retail Focus

MARCH 27, 2024

The As-Is Approach: Simplicity and Speed Selling a probate property as-is means putting it on the market in its current condition, without making any improvements or repairs. When an individual passes away, their property often enters a legal process known as probate. This method is often favoured for its simplicity and speed.

Marketing 130

Marketing Consumer 130

Retail TouchPoints

NOVEMBER 4, 2022

We remain confident in our short- and long-term outlook for the U.S. We remain confident in our short- and long-term outlook for the U.S. The Lowe’s transaction is expected to close in early 2023, subject to customary closing conditions and regulatory approvals. “We and creating greater shareholder value.”.

Store Operations 350

Store Operations Returns Management Marketing 350

Retail TouchPoints

DECEMBER 22, 2022

With margins being squeezed from rising inflation and inventory challenges, brands need to better align pricing with the current market conditions and consumer demand. This drives long-term customer value and allows for discounting that moves inventory quickly but doesn’t leave money on the table.

Retailing Pricing 278

Retailing Pricing Markdowns Consumer Marketing 278

Retail Gazette

FEBRUARY 9, 2024

The beauty giant’s legal counsel has contacted the private equity owner to enquire why previous staff have not received the long-term incentive grants they were due in their severance, Retail Week reported. The funds, managed by Morgan Stanley on behalf of Natura, have disappeared from the app staff used to track the scheme.

Shopping 110

Shopping Management ATS 110

Inside Retail

MARCH 28, 2022

However, as the dust settles and we adapt to the current ‘living with covid’ conditions, it is difficult to see real change in retail leasing. Having a property team that are immersed in the market daily, and across the constant innovation and evolution of leasing terms is critical in ensuring a retail business remains viable.

Finance 253

Finance Marketing Management 253

Retail Gazette

APRIL 11, 2024

The supermarket chain said it was providing support to its suppliers amid inflationary pressures and difficult weather conditions, and continued to be a “key partner” in tackling longer-term issues like climate change and nature loss. Click here to sign up to Retail Gazette‘s free daily email newsletter

Supermarket 110

Supermarket Shopping 110

Inside Retail

FEBRUARY 14, 2023

Michael Ilczynski, Redbubble’s CEO, said the business expects market conditions to “remain challenging in the short term”. Accordingly, we have narrowed our near-term priorities to focus on those which will assist us to improve our gross profit after paid acquisition margin and accelerate our return to cash flow positive.”

Apparel 130

Apparel Promotions Returns Consumer 130

Retail TouchPoints

MARCH 3, 2021

Under the terms of the agreement, which has been unanimously approved by the Michaels Board of Directors, Apollo will commence a tender offer to acquire all outstanding shares of Michaels for $22 per share in cash. The transaction is subject to customary closing conditions. billion (for a transaction valued at $5 billion ).

Management 264

Management Shopping Marketing ATS 264

Inside Retail

NOVEMBER 8, 2021

Despite the challenging trading conditions to date, we are ready to capitalise on growth opportunities as Covid restrictions ease [and] continue to invest in the long-term expansion of our global house of outdoor brands.”. Kathmandu saw sales fall 17.6 per cent during the 13 weeks to 31 October, while Rip Curl sales fell 9.4

Outdoor 245

Outdoor Wholesale Fulfillment Management 245