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Lewis Land puts Adelaide outlet shopping centre on the market

Inside Retail

Developed in 2003, the centre is Adelaide’s only purpose-built outlet shopping centre. Simon Rooney, head of retail capital markets for CBRE’s Pacific, who is managing the sale, described the centre as one of “Adelaide’s best-performing retail assets”.

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How the Metaverse can Benefit Physical Retail Stores

Retail TouchPoints

Additionally, by fusing the computing capability of the metaverse into the physical world, store managers can capture the experiences from any physical interaction and make intelligent, data-driven decisions by analyzing building data, managing inventory, predicting and intercepting equipment and much more.

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Aiwa brand up for auction, its parent bankrupt

Inside Retail

Hilco Streambank, a specialist in monetising intellectual property assets and distressed brands, said it had been retained to manage the sale, subject to bankruptcy court approval. Listed on the Tokyo Stock Exchange from 1961 it lost profitability in the late 1990s and was taken over and delisted by Sony in 2003.

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Keith Piggott announces departure from Perspex Distribution Ltd (PDL)

A1 Retail

Keith has enjoyed a stellar career in the thermoplastics sheet distribution market and is well known in the Industry both in the UK and Europe. Keith founded Perspex Distribution Ltd within the Lucite International Group (LI) in 2003 and has been its Managing Director since then.

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Prada hires former Luxottica chief Andrea Guerra as new CEO

Inside Retail

Reuters reported last week that the fashion group was set to hire Guerra in a top management role to ease the succession path of the Hong Kong-listed group founded in Milan in 1913 as a leather goods shop by designer Miuccia Prada’s grandfather and his brother.

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Target Names First Chief Growth Officer, Announces Series of C-Level Promotions

Retail TouchPoints

Hennington joined Target in 2003, and was instrumental in modernizing the retailer’s merchandising organization by blending its physical and digital buying functions. At the core of Target’s success is the most talented team in retail,” said Brian Cornell, Chairman and CEO of Target in a statement. “The

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Central Group leads Selfridges buyout in US$5 billion deal

Inside Retail

The Canadian wing of the billionaire Weston family bought Selfridges for nearly 600 million pounds in 2003. The conglomerate will be managed from a holding company in London, with the potential for an eventual stock exchange listing, although local management of the stores in other countries will remain, the source said.