Inside Retail

AUGUST 13, 2023

Trans-Tasman electronics retailer JB Hi-Fi has reported a profit slump for the full year however, sales growth remained favourable. The business said sales grew 4.3 per cent to $9.63 billion while tax-paid profit fell 3.7 per cent to $524.6 million. In Australia, sales grew 5.6 per cent to $6.55 billion while comparable sales were up 4.8 per cent and online sales declined by 20.9 per cent to $940 million.

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Retail Gazette

AUGUST 13, 2023

Wilko paid out £77m to its owners and former shareholders in the decade before its collapse. Even last year, when Wilko losses spiralled to £35.9m , a £3m dividend was paid out. Meanwhile, £3.2m was taken out in 2018 when the discount chain slid to a £65 million loss, according to This is Money. The biggest payout was made in 2015 when £63m was paid out when one side of the Wilkinson family sold their shares to the other.

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Inside Retail

AUGUST 13, 2023

The world of luxury retail is in for a shake-up, following last week’s announcement that Tapestry, the parent company of Coach, Kate Spade and Stuart Weitzmann, will acquire Capri Holdings , the owner of Versace, Jimmy Choo and Michael Kors, for US$8.5 billion. The move, which is expected to close in calendar year 2024, will create a global fashion empire with a presence in over 75 countries and combined sales in excess of $12 billion.

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Retail Gazette

AUGUST 13, 2023

Wilko has launched an administration sale with discounts on thousands of products in store. Signs advertising the ‘Wilko administration sale’ have been emblazoned across store fronts with administrator PwC confirming it is taking place across all shops. The signs promise ‘1000s of reductions throughout the store’ And so it begins pic.twitter.com/05ZzXUsdBd — 夕イウ才 (@TeeXCI) August 12, 2023 Wilko plunged into administration last week, putting around 12,500 jobs in jeopardy.

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Speaker: Loreal Lynch, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

Checkout

Inside Retail

AUGUST 13, 2023

Retailers have been under tremendous pressure in recent months, with ever-increasing business costs and reduced consumer spending hitting their bottom line. There are concerns that the retail downturn has already affected staff employment levels, with ABS data reportedly showing that retail employment fell by 46,000 jobs between February and May this year.

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Retail Gazette

AUGUST 13, 2023

New John Lewis Partnership chief executive Nish Kankiwala is eyeing developing a Klarna-style buy-now-pay-later (BNPL) offer for customers. He told The Mail on Sunday : “I think we will develop a buy-now-pay-later product. Especially in the younger generation, people expect it.” John Lewis currently offers BNPL on a selection of higher-priced goods.

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Payment Services Planning 98

Shopify

AUGUST 13, 2023

With so many options available, how do you choose the best retail POS system for your business? For any retail business, initial and ongoing costs, usability, and scalability should be top factors when shopping for the right point of sale.

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Inside Retail

AUGUST 13, 2023

As consumers actively seek out more experiential retail engagement, brands are increasingly looking for ways to integrate digital signage in stores. In a stunning example of the trend, a new Optus store that opened in Melbourne’s Bourke Street last month featured 63 screens throughout the store, installed in a partnership between Google Chrome Enterprise and Australian end-to-end digital signage agency Entwined.

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Shopify

AUGUST 13, 2023

A store’s cash wrap is more than just where transactions take place. Learn how to use your cash wrap to drive sales, improve the guest experience, & reduce theft.

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Checkout 98

Mass Relators

AUGUST 13, 2023

SAN DIEGO — National Association of Chain Drug Stores chair Mike Wysong, and president and CEO Steve Anderson, Sunday welcomed member retailers and suppliers to the NACDS Total Store Expo — the third conference in 2023 celebrating the association’s 90th anniversary year. Speaking at Sunday’s Business Program, Wysong and Anderson delivered a clear message: The pharmacy industry owns this nine-decade legacy, and through NACDS, it has a unique opportunity to advance it.

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Shopify

AUGUST 13, 2023

POS systems come with both fixed and variable costs. Before you decide which POS is right for your business, let’s go over the factors that influence how much POS systems cost.

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Mass Relators

AUGUST 13, 2023

SAN DIEGO – In its 25th anniversary year, the NACDS Foundation Dinner made a major move to the 2023 NACDS Total Store Expo , expanding its reach and ability to support public health initiatives. Supporters and attendees raised nearly $1.3 million, which will help support evidence-based research, pharmacy education and philanthropic initiatives to improve patient outcomes and advance population health.

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Marketing ATS 52

Retail Times

AUGUST 13, 2023

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Quick commerce has been one of the fastest growing and innovative segments of food & grocery retailing in the last few years. Strengthening the omnichannel proposition is a strategic priority for many leading retailers and offering customers a rapid delivery option is increasingly becoming part of this.

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ATS 52

I Vend

AUGUST 13, 2023

Retail is one of the most highly competitive sectors in the business world* – it’s a tough environment, with constant industry changes. Retail trends show that every year increasing numbers of retailers shut their doors for the last time**, impacting hundreds of stores and thousands of employees. Success in retail certainly doesn’t come easy. Retailers to succeed iVend has helped thousands of retailers to succeed Learn more about our smart retail technology platform.

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Payment Services Point of Sale Inventory Management Supply Chain Management 97

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.

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