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How Temple & Webster plans to use AI, private labels to reach $1b in sales

Inside Retail

Meanwhile, its net profit fell by over 30 per cent to $8.3 This revenue growth is reportedly due to an increase in both first-time and returning customers. Temple & Webster also has plans to achieve $1 billion in annual sales within the next three to five years. We’re not planning to do any mass cost reduction.

Planning 246
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Lew hits back at hints of capital raising at Myer

Inside Retail

Myer has said the media speculation is “nonsense” and that it has no immediate plans to issue shares, but Lew, by way of Premier Investments’ legal council Jeremy Leibler, said Premier will take “all steps within its power to prevent any attempt to dilute and disempower” its holding in the business. million, up 5.5 per cent to $539 million.

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How Myer plans to reach $1 billion in online sales

Inside Retail

To reach his $1 billion online sales target, King plans to continue to improve Myer’s website and user experience, expand the range of products it offers online, speed up the delivery of online orders and better leverage the Myer One loyalty program. billion in FY21, its first year-on-year increase since FY16, when sales peaked at $3.3

Planning 130
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“Building for the future”: Inside Endeavour Group’s plan for digital

Inside Retail

Group net profit rose 11 per cent to $495 million compared to a year prior, as did earnings per share which rose to 27.6 Inside Dan Murphy’s The Cellar store at Lane Cove. The post “Building for the future”: Inside Endeavour Group’s plan for digital appeared first on Inside Retail. cents per share.

Planning 130
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Kohl’s Highlights Brands that Give Back With Curated Discovery @ Kohl’s Experience

Retail TouchPoints

Kohl’s has launched Discover @ Kohl’s, an in-store experience that curates new, seasonally relevant brands throughout 600 locations and online at Kohls.com. We couldn’t be more excited to introduce customers to Discover @ Kohl’s this back-to-school season,” said Ron Murray, Interim Chief Merchandising Officer at Kohl’s in a statement.

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New board member and DJs update: Here are the key takeaways from Myer’s AGM

Inside Retail

McCartney, who had the backing of Solomon Lew’s Premier Investments Fund, received 61 per cent support at Myer’s annual general meeting (AGM) on Thursday. McCartney is also a director at Premier Investments and its subsidiary The Just Group, which runs Just Jeans, Smiggle, Portman’s and Peter Alexander. “I’m Not on our ‘to do’ list.

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Analysis: Decision time looms at DJs and Myer boardrooms

Inside Retail

billion but is currently valued at just $250.4 The $56 million operating profit for the first half of the current financial year followed a 15 per cent reduction in costs, which included the rent reductions and floorspace sacrifice, as well as government support. Myer’s net profit of $42.9