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Deliveroo Australia collapses, enters administration

Inside Retail

The expected return on such investment is not commensurate with Deliveroo’s risk/reward thresholds,” the company said. Deliveroo started its business in Australia in 2015 and was the longest-standing online food delivery platform in the country.

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Retail appointments of the week

Inside Retail

Marks will keep the food, marketing, and US operations as his responsibility, while Brett will lead the finance, information technology, human resources, legal, real estate, and investor relations departments. Returning feels natural and very personal. He previously led the business between 2015 and 2022.

Returns 130
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Beyond the Transaction: How PayPal is Helping Remove Friction Across the Commerce Experience

Retail TouchPoints

Since spinning off from eBay and going public for a second time in 2015, PayPal has expanded its reach well beyond that one digital marketplace to more than 30 million merchants worldwide. Happy Returns is a great example of an add-on component that we paid money for and that our merchants can now offer as a service.

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Gucci’s new challenge: reigniting heat while boosting timeless appeal

Inside Retail

De Sarno, a senior fashion designer from Valentino, is tasked as creative director with reviving the fortunes of the brand that accounted for two-thirds of Kering’s profits in 2021. For Bernstein analyst Luca Solca, Gucci needs to make a strong statement to return to the center stage.

Fashion 130
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Tiffany, now owned by LVMH, reopens on a Fifth Avenue in flux

Inside Retail

With the return of tourism to New York after pandemic-related declines, luxury retailers are again betting on refreshed flagships to drive consumer interest and traffic. While high, it’s a decline from 2015, when Spiegelman said the luxury retailer Bulgari paid $5,000 per square foot for a lease extension on Fifth Avenue.

Returns 130
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‘Everybody’s got a Levi’s story’: Chip Bergh reflects on his legacy

Inside Retail

We had some markets like China, which is 20-plus per cent of the world’s population and it was 2 per cent of our business. That strategy took us from not delivering results to growing six-plus per cent from 2015 to 2019 when we did the IPO on a CAGR basis. It was the same thing in India… way underdeveloped.”

Consumer 245
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Dollar General brings back Todd Vasos as CEO

Mass Relators

Vasos previously served as CEO from June 2015 to November 2022. “I look forward to getting back to work with the broader team as we strive to return to a position of operational excellence for our employees and customers and deliver sustainable long-term growth and value creation for our shareholders.” to growth of 1.0%.