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Overseas expansion is risky, but these Aussie retailers are doing it anyway

Inside Retail

Venturing into new overseas markets potentially spreads the risk of trading downturns, but, more significantly, it can offer stronger growth prospects than the mature and highly competitive Australian retail market. Neither parent company is currently planning bricks-and-mortar stores in the US.

Wholesale 264
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From Clicks to Bricks: Expanding Brand Loyalty Through Physical Stores

Retail TouchPoints

Early C2B adopters discovered the revenue advantages of opening retail stores after successfully building a loyal following online. Warby Parker started its business online in 2010 and opened its first retail store in 2013. Now its brick-and-mortar stores provide half of its revenue.

Shopping 276
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Analysis: Will the market pay 7-Eleven’s $2 billion asking price?

Inside Retail

The 7-Eleven Holdings board’s decision to seek a buyer for its network of about 750 retail outlets continues a seismic restructuring of the convenience retail market in Australia. The decision by the leading retail franchisor and Australia’s largest private company in fuel sales should have caught no one by surprise.

Marketing 147
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Locals rebuff invaders: Inside Vietnam’s convenience stores war

Inside Retail

Since the beginning of this year, the chain has opened 300 Winmart+ stores, with 800 more planned by the end of this year. According to a report from market research house Q&Me, WinMart+ now dominates Vietnam’s convenience store market. A new Nova Market store: 450 planned initially. Source: Statista.

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‘Gen Z wants to see change’: Princess Polly’s journey towards diversity and inclusion

Inside Retail

Inside Retail : Can you give me a quick snapshot of what Princess Polly is like? Kim Zorn: Princess Polly’s story started around 2010 from a beachside apartment on Australia’s Gold Coast. That’s when we really burst onto the retail scene.

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5 Ways Retailers Can Use Video Marketing

Retail Next

In fact, the rise of video marketing is so widespread that 77 percent of businesses planned to increase their video content creation last year. . If video isn’t already a part of your retail marketing strategy, your business is losing an opportunity to be seen (and remembered) by a growing and diverse audience.

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Retail Bubble – How to Come Out on Top In 2021

Retalon

Meanwhile, forward thinkers see the new landscape and pivot in time to steal market share from those too slow to adapt. The retail bubble explained). The epidemic of store closures began in 2010 and increased exponentially, and the Pandemic only exacerbated existing problems causing more than 15,500 store closures in 2020.