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Woolworths flags concerns across supply chain, customer experience

Inside Retail

Despite group net profit hitting $1.5 According to Woolworths Group chief executive Brad Banducci, the business was hit on all sides by supply chain disruptions, product shortages, team absenteeism, and flood damages, while also witnessing a shift in consumer behaviour driven by rising prices. per cent, New Zealand food up 6.6

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Super Retail Group delivers record sales, eyes expansion

Inside Retail

billion although tax-paid net profit fell 20 per cent to $244.1 Our solid inventory levels enabled us to capture consumer demand when retail spending rebounded in the second quarter following the end of Covid-related lockdowns.”. For the year to July 2, the business says sales grew 2.8 per cent to $3.55

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Retail appointments of the week: Puma, Nike, Tory Burch

Inside Retail

The three will report to Heidi O’Neill, president, consumer, product and brand at Nike. In addition, Dr Muge Erdirik Dogan will join Nike as chief technology officer, effective November 27, to boost the quality of consumer experiences with products, platforms, and services. CRC generated US$6.7

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Analysis: As technology marches on, Asia’s retail property huffs and puffs

Inside Retail

Where revenues went, profits followed. Those same 20 companies made a net profit of US$320.6 That’s an astonishing 19 per cent profit gain. Top of the list of tech giants was Amazon, which had a net profit of US$21.3 billion, an increase of US$50.7 billion on 2019. billion on revenues of US$386.1

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Why LVMH outperformed H&M amid a cost-of-living crisis

Inside Retail

The former, a fast fashion giant based in Sweden, saw a slump in fourth quarter earnings, with its operating profits falling by 87 per cent year on year, and its net profit declining by about 68 per cent. Consumers have [begun] reducing apparel spend and have become more selective over the brands they shop with,” Jupp said.

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R.M. Williams crafts quality and service from people and tech

Inside Retail

Creating a place for the consumer to belong The Sydney flagship, located at 243 George Street, is a fusion of the brand’s history and futuristic technology, all designed to give the customer the best experience possible. QR codes are also used throughout the store to help customers connect with the story of R.M.

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Distribution and Wholesale Seek Retail Skillset to Gain Competitive Edge

365 Retail

The product knowledge required by such distributors at both depots and trade counters, with a digital channel acting as a nice to have ‘shop window’, allows direct access to the end consumer. It is a digital gateway to the full product assortment, to specialist advice, and to moving one stage along the customer journey.