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Myer sees elevated annual sales, but is cautious amid economic headwinds

Inside Retail

Department store chain Myer delivered its highest full-year sales since 2005 this year but remains cautious as consumer spending declines due to unfavourable economic conditions. per cent of total sales – and a 10 per cent increase in productivity gains at physical stores. Myer’s total sales grew 12.2

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In Paris without tourists, LVMH unveils Samaritaine store revamp

Inside Retail

Luxury goods group LVMH unveiled on Monday the revamped La Samaritaine, a 150-year-old department store designed to help it grab a greater slice of tourist spending once pandemic travel curbs are eased. A view inside the revamped Samaritaine department store ahead of its reopening in Paris, France, June 21, 2021.

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Woolworths plans $370 million rebrand, upgrade of its NZ store network

Inside Retail

Group CEO, Brad Banducci referred to Woolworths Australia opening a store in Wellington back in 1929, illustrating the brand’s legacy there. The Woolworths brand has a long and complicated history in New Zealand.

Planning 246
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“Breadth of interest is underrated”: New Aim co-founder Cecilia Chiu

Inside Retail

Back in 2005, Fung [Lam, New Aim co-founder] focused on building the back-end engine of New Aim, handling all things IT, warehousing and logistics. By the end of 2009, we successfully convinced the most popular online department stores of the time to use our dropship service, including Catch of the Day and DealsDirect.

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Frasers Group set to buy another shopping centre

Retail Gazette

The 350,000 sq ft complex, which opened in 2005, houses retailers such as H&M, Boots, JD Sports, and Pandora, generating an annual income of £4.3m. This autumn, a multi-brand store featuring Frasers, Flannels, and Sports Direct is set to open in the centre, The Times reported.

Shopping 119
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Macy’s vs. HBC: Two Different Takes on the Ecommerce Spinoff

Retail TouchPoints

“ Separation of the two enterprises will provide the best opportunity to successfully revitalize the traditional department store business while exploiting the growth opportunities at the SFA-related businesses.”. Chairman and CEO R. Brad Martin in an SEC filing. This strategy could hold water.

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Bunnings MD Mike Schneider: “I have the best retail job in the country”

Inside Retail

When I joined Bunnings back in 2005 our full year revenues were around the $4 billion mark and it’s certainly grown significantly since then, you know, it was 2015 as a business, we hit a billion dollars on the bottom line for earnings. I was interviewing for a couple of different roles and a role at Bunnings came up in 2005.