article thumbnail

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
article thumbnail

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. As a result, Wells had to “rethink the way [I] looked at the world and worked with generations.” By the end of this year, the brand anticipates that the mobile app will account for 10% of total ecommerce sales.

Fashion 270
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Aiwa brand up for auction, its parent bankrupt

Inside Retail

At its peak, it achieved sales of more than $2 billion annual revenue. 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. Bids are being taken until October 4.

article thumbnail

Retail appointments of the week

Inside Retail

Prior to the new appointment, Brett served as a non-executive director on the board of GYG for over five years and worked as an operating partner at TDM Growth Partners – GYG’s biggest shareholder. She has previously worked at Chloé, having served in the design team a number of times. “My My heart has always been Chloé’s.

Returns 130
article thumbnail

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.

article thumbnail

Why Ksubi CEO Craig King reads a book a fortnight, and says you should too

Inside Retail

We were having dinner at his house, and he asked me to grab another bottle of wine from a room, and it was full of books, so I asked him, “What’s with all the books?”. I sat down and looked at all the areas where I had weaknesses, and I started reading a book a week. It wasn’t necessarily something I was thinking about in my early 20s.

Boutique 246
article thumbnail

Retail appointments of the week

Inside Retail

Halkett was formerly CEO at APG & Co – the parent of Sportscraft, Saba, and Jag – between 2015 and 2020 and at Kathmandu between 2006 and 2014. Nordstrom has announced chief financial officer Anne Bramman will resign from the British department store after five years at the business. By Dean Blake.