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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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How the Y2K Revival is Expanding True Religion’s Shopper Community

Retail TouchPoints

The True Creators Program is designed to provide several emerging designers with the resources, from manufacturing to materials and marketing support, to craft and launch limited collections for the brand. Starting as a Senior Designer in 2006, he worked his way up to VP of Innovation before he left the company in 2017. said Wells.

Fashion 270
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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 Nana Judy founder started a $30m streetwear brand at 19 years old

Inside Retail

Coleman, who started Nana Judy in 2006 while working part-time in a local surf shop, identified the popularity of skate and surf brands across Australia. So he sold his car, emptied his savings account and named the business after his great-grandmother’s dalmatian.

ATS 246
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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. The founders continue to work with retail partners in overseas markets like Japan, where the brand is mostly distributed through independent streetwear stores, and Europe, where it is sold through Zalando.

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From fast food to autos, India’s digitally connected users lure investors

Inside Retail

China saw a jump in consumption from 2006 when, as per World Bank data, its per capita gross domestic product (GDP) crossed $2,000. Bain & Co estimates that India’s online shopping market hit $50 billion in 2022, with an online shopper base of 180-190 million – the third largest in the world after China and the US.

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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.

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