Sun.Feb 12, 2023

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Endeavour Group records strong half-year earnings, names new CFO

Inside Retail

Hotel and liquor retailer Endeavour Group has delivered strong first-half sales of $6.5 billion, 2.5 per cent higher than last year. EBIT increased by 15.8 per cent to $461 million, which the company attributes to the hotel operations’ return to full swing after the pandemic. On a three-year comparative basis, hotel and retail sales are trading at 4.7 per cent and 4.5 per cent cumulative annual growth rates, respectively.

Finance 246
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JB Hi-Fi sales, profits increase in December half

Inside Retail

Trans-Tasman electronics retailer JB Hi-Fi has reported record earnings in its December half as trading conditions normalise. For the six months to December 31, the business reported an 8.6 per cent increase in sales to $5.28 billion driven by elevated customer demand as well as “well-executed” Black Friday and Cyber Monday promotional periods. Earnings before income and taxes grew 14 per cent to $479.2 million while tax-paid profits rose 14. 6 per cent to $329.9 million.

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Step inside the UK’s first department store for secondhand clothes

Inside Retail

An old TopShop store in north London’s Brent Cross shopping centre has been revived after two years of sitting empty since the fast fashion brand closed down. It’s now a vibrant pop-up department store selling pre-loved clothing organised collaboratively by 10 charities. Charity Super.Mkt opened 26 January and will close on 24 February. It appeals to shoppers looking for unique vintage clothing by offering a curated selection of fashion and accessories from the UK’s most loved charity retailers.

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Nissan and New Balance create ‘Kicks’ car in Tokyo

Inside Retail

Nissan and New Balance have teamed up to produce the Kicks 327 – a car that mimics a trainer. The partnership is a play on the car’s name and was created to advertise Nissan’s electric Kicks SUV. The automobile has the suede upper from the 327, as well as everything from the original sneaker’s textile stitching to its white laces, and is finished with a placed wrap. “The 327 has a stylish SUV-like appearance and is light and sticks to the ground,” the brand told Dez

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Get MACH Ready: Preparing Your Business for Digital Transformation

Adopting MACH technology means more than implementing new platforms. This type of digital change affects your organization at every level and requires a thoughtful approach to navigate challenges that crop up. The Get MACH Ready report, co-authored by MACH Alliance member Scott Canney in collaboration with Orium, commercetools, and Contentstack, will provide you with strategies to prepare your organization for a digital transformation.

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Why a concept store in Hong Kong is educating consumers about textile waste

Inside Retail

Fabrica X, the experiential concept store launched last year by The Mills Fabrica in Hong Kong, has kicked off a new campaign celebrating innovation in biomaterials. Biomaterials are new materials made from organic waste, such as alternative leathers derived from coffee waste and footwear made from wood. The campaign is in line with Fabrica X’s mission to explore different aspects of sustainability through a combination of retail, education and experiences.

Consumer 130
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How retailers can unlock aspirational spending amid economic uncertainty

Inside Retail

In a report provided to Inside Retail , research consultancy agency Cognition Research has stressed the need for retailers to prioritise their understanding of consumer needs and behaviours, as a way of capturing customer loyalty and spend amid cost-of-living challenges According to its ‘Key thoughts and retail trends for 2023’ report, a two-speed economy appears to be evident , and the way that brands communicate value is likely to be particularly important in sectors such as food and beverage,

Boutique 130