Sun.Nov 10, 2024

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Endeavour’s retail sales remain flat in fiscal first quarter

Inside Retail

Endeavour Group ‘s retail sales remained flat in the fiscal first quarter as customers shopped more selectively. The company’s retail sales totalled $2.54 billion, with BWS and Dan Murphy’s comparable store sales declining 1.1 per cent year over year. Online sales increased 6.3 per cent and accounted for 9.3 per cent of total retail sales.

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The Entertainer axes new shops following National Insurance spike

Retail Gazette

The Entertainer has pulled its plans to open new stores following the government’s decision to raise National Insurance contributions for employers. The toy specialist revealed it had frozen hiring at its head office and said it could no longer open two shops it had planned after announcements made in last week’s Budget. Chief executive Andrew Murphy told BBC Radio 4’s Today programme that two of the retailer’s proposed new openings had failed their viability assessments.

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Why Best Jumpers’ new concept store is set up like a walk-in wardrobe

Inside Retail

Dylan Best is the designer behind Melbourne-made apparel brand Best Jumpers, renowned for its utilitarian and unisex designs. The brand has recently doubled down on its Melbourne presence with the opening of its concept store in Hawksburn Village. After taking home the National Designer Award last year at PayPal Melbourne Fashion Festival, Best had his sights set on an expansion in Sydney.

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Ikea profit edges up despite lower sales

Retail Gazette

Inter Ikea, the owner of the Swedish furniture brand, has reported a rise in profit for 2024 despite a drop in sales following its decision to cut prices across a range of products. Operating profit for the group, which supplies the stores to which it franchises, edged up 4% from £1.8bn (€2.2bn) to £1.9bn (€2.3bn) in the year to 31 August., Reuters reported.

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Smart Tools & Strong Teams: A People-First Approach to AI in Sales

Speaker: Matt Sunshine, CEO at The Center for Sales Strategy

AI isn’t replacing salespeople—it’s empowering them. The most forward-thinking sales organizations are using AI to enhance human performance rather than eliminate it. From coaching and messaging to prospecting and pipeline accountability, artificial intelligence is giving managers and SDRs the new tools they need to work smarter, sell better, and close more.

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How fragrance king Vicken Arslanian revitalised the Commodity brand

Inside Retail

Commodity Fragrances is the embodiment of a comeback kid. The perfume and fragrance goods brand , known for its unique range of products inspired by non-traditional scents like paper, moss and milk, entered the retail scene in 2013 after a successful Kickstarter campaign. After experiencing a shaky series of starts and stops, the brand closed down in 2018 and experienced a total re-birth after being acquired by Europerfumes in 2019.

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Tesco faces £1bn hit to National Insurance bill

Retail Gazette

Tesco’s national insurance bill is expected to rise an extra £1bn over the next four years following the chancellor’s decision to increase employer contributions. The supermarket giant, which employs 300,000 people, is estimated to be facing a £250m hike in its yearly tax bill when the changes come into effect in April, according to analysis by Morgan Stanley that was reported in The Times.

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Longtime KFC Rival MB Chicken Launches in England

Retail Wire

KFC has had a longtime rival in the Canadian-owned brand.

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Ecoya CEO on why Metro Martin Place was a perfect fit for its new Sydney store

Inside Retail

Born in Sydney, designed in Auckland and made in New Zealand, luxury home fragrance brand Ecoya has arrived at Martin Place, the heart of the new Metro retail precinct in Sydney. After closing its first direct-to-consumer (DTC) store in Australia in the Sydney suburb of Woollahra, the brand initially planned to open a boutique in Bondi Beach. However, when the opportunity presented, it made sense to pivot to Martin Place.

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Applebee’s & IHOP Are Launching the First-Ever Dual-Branded Location in the US. Here Are the Details

Retail Wire

Applebee's and IHOP have teamed up for a one-of-a-kind restaurant experience.

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LVMH buys into Swedish label Our Legacy

Inside Retail

LVMH has acquired an undisclosed minority stake in Swedish fashion brand Our Legacy, The Business of Fashion reported. The transaction comes following Our Legacy posting sales of €40 million (US$42.9 million) in the year ended June 30. Our Legacy will use the proceeds of the transaction to strengthen operations and open flagship stores in key cities such as Paris, New York, Los Angeles, Tokyo, Shanghai, and Hong Kong.

Fashion 264
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AI In The Aisles: The Executives Guide To Better In-Store Experiences

Speaker: Steve Worthy, MBA

The rapid rise of AI-powered displays, touchless technology, and sensory marketing is reshaping the future of in-store engagement. Yet for many retail executives, the real challenge is not identifying new tools - it is knowing which signals to trust, which inputs to prioritize, and how to architect decisions that elevate in-store leadership rather than dilute it.

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Decision on fate of M&S’ Marble Arch flagship due next month

Retail Gazette

M&S will learn the outcome of its planning proposals to transform its Marble Arch flagship at the start of next month. Deputy Prime Minister and housing secretary Angela Rayner is due to block or approve the plans for the store before or on 5 December, This is Money reported. It comes as M&S boss Stuart Machin is looking to open ten more stores as the retailer’s turnaround continues.

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Comment on The Signage Nightmare Before Black Friday by Register

Cross Cap

A discussion of in-store signage issues retailers could encounter from both the store and corporate perspective during Black Friday.

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Boohoo riles up Frasers by excluding it from shareholder meetings

Retail Gazette

Boohoo Group is set to rile up its largest shareholder Frasers Group once more as new chief executive Dan Finley is to meet with investors, not including the Sports Direct owner, this week. Finley is understood to be meeting some of the company’s biggest shareholders over the coming days, The Times reported. However, the meeting is not scheduled to include anyone from Frasers Group, who owns a 27% stake in the fashion giant.

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