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Reject Shop brushes off wage theft class action as ‘immaterial’

Inside Retail

Discount retailer The Reject Shop is facing a class action lawsuit for “purported underpayments” to staff, launched by specialist law firm Adero Law Between February 2016 and April 2021, seven former employees of the discount retailer allege underpayment during their employment with the company.

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Promotions and Discounts: 2017 Back-to-School Trends

Wiser

Consumer spending during back-to-school 2017 sales was forecasted to increase and reach $83.6 Target seems to also follow the same trend for both 2016 and 2017. On the other hand, in 2016, Walmart held a consistent 20 percent discount on back-to-school products throughout the season. 2016 Average Percent Discounted .

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Walgreens Agrees to $192.5 Million Settlement with Shareholders over Failed Rite Aid Merger

Retail TouchPoints

stores, with the deal expected to close in late 2016. However, after 15 months of negotiations and a number of regulatory hiccups, WBA abandoned the original deal in June 2017 when it was blocked by the FTC for antitrust concerns. In late 2015, WBA agreed to acquire Rite Aid and its 4,600 U.S. pharmacy sector hard.

ATS 217
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DTC Activewear Brand Vuori Valued at $4B After Latest Funding

Retail TouchPoints

The company has been profitable since 2017. Launched in 2016 as a DTC business, Vuori has since expanded to brick-and-mortar via wholesale at retailers including Nordstrom and REI , as well as with 10 standalone stores. The company plans to add more than 100 additional stores in the U.S.

ATS 258
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Why Dutch-style bike brand Lekker is embracing e-bikes and retail partners

Inside Retail

Since 2017, e-bike sales in Australia have increased by 500 per cent with the value of e-bike imports in Australia exceeding the value of conventional non-electric bike imports in the past two years. I want to bring that number down to tops, between 10 and 15,” Bark said. million this year. By 2029, it is projected to reach US$98.46

Marketing 251
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Behind Abercrombie & Fitch Co’s record results lies a decade-long reinvention

Inside Retail

The results are impressive considering less than 10 years ago, in 2016, the company’s namesake brand, Abercrombie & Fitch, was ranked as one of the most hated retailers in the US by the American Customer Satisfaction Index. Net income rose six times over to hit US$115.1

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Tesco, Aldi and Sainsbury’s among retailers calling for government action on food waste

Retail Gazette

Food waste costs the UK economy £21.8bn per year, contributing 10% of total global greenhouse gas emissions. The supermarket, which has been vocal about transparency on food waste reporting, corrected its food waste figures from 45% between 2016 to 2017 and 2022 to 2023, to just 18%.