Inside Retail
JUNE 25, 2023
Wesfarmers’ wholly-owned subsidiary Australian Pharmaceutical Industries (API) is set to acquire 100 per cent of specialist skincare clinic chain Silk Laser Clinics as part of a Scheme Implementation Deed. According to an ASX filing, the deal represents an “implied equity value for Silk of approximately $180 million, based on 53.76 million fully diluted shares outstanding”.
Retail Gazette
JUNE 25, 2023
Supermarket bosses, including Morrisons CEO David Potts, will be questioned by MPs on Tuesday over profiteering concerns amid rising food and prices. The business committee is set to scrutinise the gross profits of the big supermarket chains, including Tesco, Sainsbury’s, Asda and Morrisons, and delve into how they break out UK business performance from their groups, and how they separate fuel margins compared to that in groceries, according to The Sunday Times.
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Inside Retail
JUNE 25, 2023
Like other industries, retail is already taking up Artificial Intelligence (AI) technologies and programs such as ChatGPT to optimise their efficiency and improve their operations. However, the rapid development and integration of AI have sparked conversations about what’s in store for the future. At the Consumer Goods Forum’s (CGF) Global Summit held in Kyoto, Japan, industry leaders – including President of Microsoft Japan Miki Tsusaka, CEO of IGA Incorporated John Ross and Chairman & CEO
Retail Gazette
JUNE 25, 2023
// Debenhams to create new division for premium brands on its website // Discussions with potential brand partners are underway although the retailer declined to reveal price points for the premium brands it is targeting Debenhams is set to unveil a new division for premium brands on its website. The Boohoo Group-owned retailer has been repositioning itself as a digital department store since being snapped up in a £55m deal in January 2021.
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.
Inside Retail
JUNE 25, 2023
A Manhattan federal judge on Friday granted Hermes’ request to permanently block artist Mason Rothschild’s sales of “MetaBirkin” non-fungible tokens following a jury’s verdict that they violated the French luxury house’s trademark rights in its famed Birkin handbags. US District Judge Jed Rakoff said the permanent injunction was justified because Rothschild’s continued marketing of the NFTs would likely confuse consumers and irreparably harm the company.
Retail Gazette
JUNE 25, 2023
// Gymshark chief commercial officer Niran Chana leaves the retailer // Chana joined the retailer over eight years ago as a customer service manager Gymshark chief commercial officer Niran Chana has left the sportswear giant after eight years. Chana, who was responsible for global sales, management of merchandising, planning and marketing, started in 2015.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Retail Gazette
JUNE 25, 2023
Frasers Group has formally appointed founder Mike Ashley as a consultant, as the retail empire goes on an acquisition spree. Ashley, who stepped down as a director of the Sports Direct-owner last year when he promoted son-in-law Michael Murray as chief executive, will advise the company on supply chain and operations, according to The Sunday Times. Although Ashley, who did not receive a salary when he was at the helm of the business, will not be paid for his consultancy services, the unconventio
Inside Retail
JUNE 25, 2023
Australia’s ready-made-meal and meal-kit market is pretty well stocked with players across the sector focusing on different audiences. But, one segment of customers has mostly been ignored. The dietary needs of kids is not something that appears in many meal providers’ offerings, which tend to be focused on time-poor working professionals. While some market themselves as providing an easier option for a family dinner – kids’ lunch boxes are going without.
Retail Gazette
JUNE 25, 2023
Morrisons has followed Sainsbury’s by introducing barriers to exit its self-checkout area. The feature, which makes customers scan their receipts before they can leave the store, has been brought into several supermarkets as an additional security measure, amid rising levels of shoplifting across the retail sector. A Morrisons spokesperson told The Sun : “Any customers who haven’t made a purchase simply need to ask the Morrisons customer assistant manning the self-service tills to op
Inside Retail
JUNE 25, 2023
Costco had another strong quarter through May, reporting sales of US$52.6 billion ($78.8 billion), up 5.5 per cent from the same quarter a year ago. Comparable-store sales were pretty much flat (+0.3 per cent) but adjusted for changes in petrol prices and exchange rate fluctuations, they increased by 3.5 per cent. For international stores excluding Canada, which includes Costco’s 67 warehouse clubs in Asia, adjusted same-stores sales were up 8.4 per cent.
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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.
Inside Retail
JUNE 25, 2023
Good things come to those who wait, as the adage goes. Apple, known for its long game worldwide in terms of products, services, and marketing, finally arrived in India earlier this year. In April, the tech giant launched its first two stores, both of which achieved record-breaking sales during an off-season period when online retail dominates the market.
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