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Interview: How Chinese giant Miniso is planning to take over the UK

Retail Gazette

Retail Gazette sits down with chief operating officer Saad Usman to talk about Miniso’s UK plans. The store also stocks kitchen accessories, homewares, electronics, snacks and drinks, as well as the brand’s newly launched makeup and fragrances collection. In fact, two new UK stores will open before Christmas.

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Retail Assortment Strategies: What Are They & How Do They Work?

Wiser

These are all examples of an optimized assortment plan. Too wide and you’ll end up with leftover dead stock. They mostly just sell shoes and shoe accessories, but they offer many variations and have a whole store built around this. This way you can rely on regular purchases with little worry of retaining dead stock.

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How pop-ups helped inform Kat the Label’s new flagship store in Melbourne

Inside Retail

It will also continue its pop-up stores, with an opening planned in Los Angeles next year, and a Gold Coast pop-up on the horizon. The brand endeavours to buy dead-stock from larger brands, which it redesigns into its own pieces. Nixon added that the brand is constantly striving to improve its sustainability efforts.

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The High Street’s last stand: why Primark, Poundland and B&M finally surrendered to the e-commerce revolution

365 Retail

The service will offer 2,000 products across clothing, accessories and lifestyle, with around 40% of these items being exclusive to its website. ParcelHero said the writing was on the wall last May, despite Primark stating in January: “We can confirm that it is not in our plans to open an online store”. Read the full report here.

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Behind the evolution of 107-year-old Japanese eyewear brand Tanaka Optical

Inside Retail

IR: Do you have expansion plans in the pipeline? What has the company planned post Covid-19? Thus, we don’t need to rely on mass production of trend-led products and excessive dead stocks after the trend is over. SW: As a matter of fact, we do!

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5 Highly Effective Retail Markdown Strategies that Work in 2021

Retalon

A retail markdown strategy is a plan that describes when and how certain products should go on markdown. And since most markdowns are not planned for in advance (or at least accounted for in the pre-season planning stages), they frequently drain profits considerably more than they have to. Plan your markdown timing in advance.

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Jason & Scot Show Episode 314 – Lovesac Founder and CEO Shawn Nelson

Retail Geek

We don’t, we don’t stock things there. And yeah, it is, I was like, I’m not going to look at the stock, it’s not going to influence me. And now we don’t even operate stores in the traditional sense. And it’s like, okay.