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The Body Shop Australia facing ‘cashflow crisis’

Inside Retail

The Guardian has quoted sources explaining that the money earned by the key overseas businesses during the peak trading period in November and December was paid into a global account, based in the UK – “a practice termed ‘cash pooling’”. As a result, global subsidiaries are struggling to pay suppliers for services rendered during that peak.

Shopping 290
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Aiwa brand up for auction, its parent bankrupt

Inside Retail

Sony tried to revive the brand as a youth-focused subsidiary but after three years gave up and the brand was effectively shelved in 2006 until US company Hale Devices was granted the brand name in 2015. 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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How the Y2K Revival is Expanding True Religion’s Shopper Community

Retail TouchPoints

Starting as a Senior Designer in 2006, he worked his way up to VP of Innovation before he left the company in 2017. By the end of this year, the brand anticipates that the mobile app will account for 10% of total ecommerce sales.

Fashion 278
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Cisco Purpose Report: Measuring and reporting impact along our purpose journey

Cisco Retail

By setting clear goals, measuring our progress, and transparently reporting our impact (which we’ve been doing annually since publishing our first Corporate Citizenship Report in 2005), we’re able to provide an account of the difference we’re making each year and how we plan to learn from our outcomes. What we made possible in 2021.

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Director ID changes come into effect: Here’s what you need to know

Inside Retail

This applies to directors of a company, a registered Australian body or registered foreign company under the Corporations Act 2001 , as well as to any Aboriginal and Torres Strait Islander corporation registered under the Corporations (Aboriginal and Torres Strait Islander) Act 2006.

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Retail appointments of the week

Inside Retail

He is also a non-executive director at Somnomed Australia and Pacific Smiles Group, and from 2006 to 2018, he held the position of co-CEO at Accent Group. Wentworth previously led Medco’s employer and key accounts organisations for nearly 14 years and served as president and CEO of Accredo, Medco’s specialty pharmacy.

Returns 130
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Byron Bay streetwear brand Afends unveils new concept store in Melbourne

Inside Retail

Started by Salfield and Declan Wise in the New South Wales surf town in 2006, the brand initially offered screen-printed band t-shirts. “I think people still have a desire to shop in real life rather than just online,” Jonathan Salfield, one of Afends’ co-founders, told Inside Retail.