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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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Retail Insider Transforming Awards – the Most Promising Newcomer category

Retail Insider

Also in the mix was Entrupy, a tech-driven way of authenticating luxury goods which prevents fraud by taking a microscopic image and comparing it to a database of millions of images with a 99% accuracy rate and the drop-shipping platform Avasam. It was close but the judges finally went with Zynstra. 2020 winner Infarm.

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4 Elements of Amazon’s Strategy to Watch

Indigo 9 Digital

If you have a traditional retail business or a pure play eCommerce company then Amazon is a great model not just for how fast goods should be shipped but also for how to think differently about how to monetize your customer base. Amazon Fresh supermarkets are small, between 2 5,000 sq. to 45,000 sq. The 30,000 sq.