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Five ways to reduce operating costs in your retail business

Inside Retail

Cost of living pressures, supply chain issues, weak consumer confidence, interest rate hikes and reduced retail spending are all making retail a tough business to be in at the moment. This prevents ‘overselling’ and ‘underselling’, ensuring you have the right products available to customers at the right time – enabling you to sell more.

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Woolworths declares $2bn share buyback as profit hits $2.07bn

Inside Retail

Woolworths has announced a $2 billion share buyback following the demerger of its drinks business Endeavour Group and a strong year at the supermarket checkouts. Physical supermarket sales increased by 2.0 billion, impacted by low market growth in the first half and the restrictive lockdown in H2, and EBIT dropped 4.6

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Aldi vs Lidl: Who will win the battle of the discounters?

Retail Gazette

With the cost-of-living crisis at the forefront of shoppers’ minds, it’s no surprise so shoppers have jumped ship from the traditional big four supermarkets to discounters. Retail Gazette looks at the different set of results and what the future holds for both discounters. Its market share increased from 6.1%

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South African retailers looted, trashed as violence engulfs country

Inside Retail

Protests that followed Zuma’s arrest last week for failing to appear at a corruption inquiry have widened into looting and an outpouring of general anger over the hardship and inequality that persist 27 years after the end of apartheid. Unemployment stood at a new record high of 32.6% Post-Apartheid Strains.

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Why Asia’s retail tourism industry is still in recovery mode

Inside Retail

Retailers, particularly in tourist locations, were licking their chops, as well they might after so long when often the only sound they had been hearing in their stores was pins dropping. The only problem is that it is all happening at a much, much slower pace than expected. Take Singapore, for example. What can retailers expect?

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Sainsbury’s profit surges despite supply chain pressures

365 Retail

The supermarket giant reported a 23% hike in underlying pre-tax profits to £371 million for the 28 weeks to September 18. The supermarket’s general merchandise sales also dropped 8% in the second quarter, as it came up against a tough quarter a year ago when demand was boosted amid pandemic restrictions.

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Zero Waste Bag launched for Brits to recycle the “unrecyclable”

A1 Retail

Yet new research reveals some 92 percent percent of Britons believe recycling has a key role to play in combating the waste crisis, with more than 9-in-10 UK residents already recycling at home. This is the reason why councils cannot accept these items for recycling.