Sun.Dec 18, 2022

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David Jones acquired by Anchorage Capital for undisclosed sum

Inside Retail

Private equity firm Anchorage Capital Partners has entered a binding agreement to acquire David Jones from South African retail company Woolworths Holdings for an undisclosed sum. A spokesperson for Anchorage called the deal a “landmark transaction”, and said the firm was thrilled to take on the 183-year-old department store. “David Jones has a storied history, immense brand value and unparalleled assets — including an attractive retail footprint, a loyal customer base, and ded

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Team Too Big for Regular One-on-Ones? Try These 11 Communication Strategies Instead

Small Biz Trends

When your company starts to grow steadily, it can become nearly impossible for you as a leader to find time to meet with staff individually on a regular basis. Instead, consider alternative communication strategies to save time while ensuring you and your team stay on the same page. To help you do this, 11 Young Entrepreneur Council (YEC) members answered the following question: “When your company starts getting too large to accommodate weekly one-on-one meetings with each staff member, wh

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Mike Ashley’s Frasers buys JD Sports’ premium fashion brands for $58 million

Inside Retail

British retailer Frasers Group said on Friday it has bought shares in premium fashion brands of JD Sports for about US$57.7 million, as the Mike Ashley-owned company continues its drive into a more premium market. Frasers, formerly called Sports Direct, also acquired and transferred shares of more than 10 of the premium fashion brands, including Pretty Green, Cricket and Topgrade Sportswear, which the sports retailer held.

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4 New Business Trends in 2023

Small Biz Trends

2023 is just around the corner and if you’ve been waiting to start a new business , now’s the time to begin. The first step towards building a successful small business is keeping yourself aware of the latest industry trends and adapting to changing situations. In this post, we will share four trends that new business owners must look out for in 2023. #1.

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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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Retail rebound: How Southeast Asia’s grocery sector changed in 2022

Inside Retail

As the end of the year approaches, retailers and shopping centres in Malaysia are seeing increased foot traffic and sales volumes, as shoppers come back with a vengeance to purchase gifts and other items for Christmas and New Year festivities. Sunway Malls CEO HC Chan told Free Malaysia Today that the business saw a surge in foot traffic in the first week of December, and this to continue in the next two to three weeks, as the school holidays bring in more visitors.

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What’s more in social media for promoting your products?

Retail Smart Guys

What’s more in social media for promoting your products? Usually, retailers make social media contents that only revolve around the features of a product and then post it on various online platforms. However, these kinds of content are becoming less appealing to the virtual audience today. Keeping this practice will only lead to numerous missed opportunities and loss of the money you expect to gain.

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How do POS systems Contribute to your Inventory and Customer Satisfaction?

Retail Smart Guys

How do POS systems Contribute to your Inventory and Customer Satisfaction? Customers go to stores because of what you mainly offer them: great products and services. Conversely, if you don’t have enough inventory, or if you have the wrong inventory, you also don’t have customers entering your retail stores. This being said, it is important to have an adequate supply of the best items in your inventory and a timely purchasing order process to meet customer demands and expectations.

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Why Nordstrom’s partnership with Morehouse College is a smart move

Inside Retail

Last month, American luxury department store Nordstrom announced a partnership with Morehouse College in Atlanta, Georgia, to sponsor product management coursework and a mentorship program. The technology focused courses are designed to help improve career pathways for diverse communities. Morehouse College, a Historically Black College and University (HBCU) for men, will open the program up to other colleges within the Atlanta University Center Consortium and broader Atlanta Regional Council of

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4 Unique Ways You Might Not Have Tried to Increase Retail Sales!

Retail Smart Guys

4 Unique Ways You Might Not Have Tried to Increase Retail Sales! There are tons of ways to increase sales in retail. Chances are, you have already tried some of these strategies, like having loyalty programs, up-to-date inventory management, and visually appealing store displays, to name a few, but they have not impacted your business enough. Or things are doing great in your stores, but you still want to further your financial standing.

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Brick-and-Mortar Businesses’ Latest Powerful Tool: Age and Gender Analytics

V Count

The digital world made the leap long ago; the decision-makers already use factual and insightful data rather than launching campaigns based on instinct. Marketers in the digital space now have a wide number of solutions and analytics tools that let them know who their customers are and pinpoint what they want. Up until recently, brick-and-mortar businesses weren’t so lucky, but things are changing rapidly and the “big data” is finding its place in the physical world too.

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How Retailers Are Transforming Customer Experiences with Data & AI

Speaker: David Azoulay, Marc Stracuzza, Román Tejada, and Guest Speaker Sucharita Kodali

Imagine a retail landscape where every interaction is personalized, every decision informed, and every opportunity maximized 🤔✨ Join us for an exploratory journey into the heart of AI-driven retail innovation. We’ll unveil the transformative potential of AI and data analytics in shaping the future of omnichannel personalization and e-commerce.