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Why Nike is putting used sneakers back on the shelf

Inside Retail

Nike will start collecting and cleaning some of the sneakers that are returned by customers and reselling them at a discount in stores as part of its Nike Refurbished program, which launched on Monday. . The Gen Z and younger millennial consumer is already accustomed to this,” she pointed out. ” How Nike Refurbished works.

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A look at Sanity’s final days: What happens when a retailer says goodbye?

Inside Retail

Itaoui – who joined Sanity as an area manager in 2001, according to the Australian Financial Review – acknowledged that the business was unable to survive the diminishing availability of physical content, as well as a shift in demand toward digital content among consumers.

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Parlour X founder Eva Galambos on her life as a luxury fashion buyer

Inside Retail

Tastemaker and entrepreneur Eva Galambos first opened the doors to her luxury multi-brand boutique Parlour X in 2001 in Sydney, when she began introducing major international labels to Australian consumers, from Balenciaga to Vivienne Westwood. . I opened Parlour X in 2001. My mission was to change that.

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Slam dunk: Brand Collective sees big basketball opportunity for Reebok

Inside Retail

Reebok is a brand that has gone through its ups and downs over the years, but it certainly still has resonance for the consumer,” Morris told Inside Retail. “We We believe there’s a huge opportunity in the market.”. Big opportunity in basketball. Basketball is one category where Morris sees a lot of room for growth. .

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Retail appointments for the week

Inside Retail

On Friday, JB Hi-Fi Group CEO Richard Murray officially left the consumer electronics company, where he has held various roles for the past 18 years, to lead Solomon Lew’s Premier Retail business; Terry Smart, previously managing director of The Good Guys and CEO of JB Hi-Fi, took over the top position.

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Best of 2023: Is private equity ownership slowly killing retail?

Retail Gazette

Similarly, retail analyst Nick Hood of Opus Business Advisory says it’s “too much debt” for “low margin businesses in highly competitive markets” to take on. One of their biggest challenges is the eye-watering debt bills hindering their ability to compete in the grocery market, especially with the rocketing success of the discounters.

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Retail appointments of the week

Inside Retail

Russel Creedy, group CEO, joined the business in 2001 as supply chain manager and served as GM for Pizza Hut in New Zealand. Global beauty firm The Estée Lauder Companies, which owns and operates health and beauty products across 150 markets, has announced it will split the business’ leadership across two larger portfolios.