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What’s next for Aussie retailers? IPO outlook and the rise of private capital

Inside Retail

The recent uncertainty won’t help reverse this trend, Andy Hough, corporate finance partner at Pitcher Partners Sydney, told Inside Retail. With a few notable exceptions (e.g., GYG , Chemist Warehouse), the IPO market has been relatively depressed in Australia for the last two to three years.

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Data: 2024 store closures hit second-lowest level in a decade

Retail Gazette

year-on-year – down 3% from 2014 levels. While household finances are improving, consumer confidence remains cautious. Chemists, fashion stores and home dcor outlets were the biggest drivers of store closures in the year, comprising 604, 199 and 152 net closures respectively.

Finance 85
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What does Poundland’s £1 sale mean for the future of discount retail?

Retail Gazette

He points out that in some cases this left Poundland with a “doubling up of representation in those locations” and additional lease liabilities. Williams’ plan is being funded by former Laura Ashley owner Gordon Brothers.

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How China’s fragrance scene is reimagining luxury, heritage and global influence

Inside Retail

As recently as 2014, Chinese consumers made up less than 1 per cent of global fragrance sales. Local fragrance brands have gained prominence, securing financing and targeting the younger demographic by incorporating Chinese tradition and cultural references into their products.

Boutique 130
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Nordstrom Names Ex-Target and Walmart CFO to Top Financial Post

Retail TouchPoints

Smith brings extensive experience in retail finance posts, including serving as CFO at Walmart from 2010 to 2014 and at Target from 2015 to 2020. Nordstrom has appointed Cathy R. Smith as its new CFO, effective May 29, 2023. Most recently, she was Chief Administrative Officer and CFO at Bright Health Group.

Finance 340
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Dollar General Promotes New President and CFO Following Strong Quarter

Retail TouchPoints

He will add responsibilities for the company’s strategic healthcare initiatives and its international expansion to Mexico to his existing finance, accounting, strategy and procurement functions. Garratt joined Dollar General in 2014 as SVP of Finance and Strategy and has served as EVP and CFO since December 2015.

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Cash Converters to acquire its New Zealand master franchisor

Inside Retail

The personal finance company and secondhand retailer commenced operations in New Zealand in 1993 and operates 22 stores of which 11 are franchised and 11 are owned and operated by the master franchisor. Cash Converters International is set to acquire the Cash Converters New Zealand master franchisor for $15.5

Finance 246