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Parcel pivot: E-commerce boom behind Australia Post’s shock delivery plan

Inside Retail

Letter deliveries have fallen by two-thirds since 2008 alongside a massive e-commerce fuelled boom in package delivery. The post Parcel pivot: E-commerce boom behind Australia Post’s shock delivery plan appeared first on Inside Retail Australia. But it lost A$200 million ($131.70 from early near year.

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How 99 Bikes plans to return to profit with an electric-powered push

Inside Retail

A year later, Turner founded the Pedal Group, as a joint venture between the Turner family and Flight Centre in 2008. Pedal Group owns two separate businesses in the bicycle industry, 99 Bikes, a direct-to-consumer (DTC) retail operation, and Advance Traders, a bicycle wholesale business that the group acquired in July 2008. “At

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2 Top Target Chiefs Announce Retirement Plans

Retail TouchPoints

Two of Target ’s top executives — COO John Mulligan and Chief External Engagement Officer Laysha Ward — have announced plans to retire. Mulligan’s replacement has not yet been named, but Target said it will share succession plans prior to his official retirement in February 2025.

Planning 147
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Amazon, Target, Macy’s Plan to Hire Combined 388,000 Employees for the Holidays

Retail TouchPoints

including Amazon , Target and Macy’s , have announced their plans for holiday hiring, but all told this season may see one of lowest levels of seasonal hiring since 2008 , according to report by Challenger, Gray & Christmas shared with Reuters. Some of the biggest retailers in the U.S., Amazon: 250,000 + $1.3B Macy’s, Inc.:

Planning 239
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L Brands Names New Victoria’s Secret President, Reiterates Spinoff Plans

Retail TouchPoints

Waters, who joined L Brands in 2008 as head of its international division, had been named CEO of Victoria’s Secret Lingerie in November 2020. A plan to take Victoria’s Secret private via a purchase by private equity firm Sycamore Partners that had been announced in February 2020 was scrapped in May.

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Chinese fashion retailer Shein revives plan for New York listing

Inside Retail

Chinese fashion retailer Shein is reviving plans to list in New York this year and its founder is considering a citizenship change to bypass proposed tougher rules for offshore IPOs in China, two people familiar with the matter said. Both sources declined to be named as the plans are confidential.

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Amazon is pulling the plug on fabric.com

Retail Wire

As part of our regular business planning, we continually evaluate the progress and potential of our offerings and have made the decision to close Fabric.com,” said Amazon spokesperson Betsy Harden. Amazon acquired fabric.com in 2008. Amazon.com is shutting down its fabric.com subsidiary in a cost-cutting move. “As

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