Inside Retail
AUGUST 27, 2023
PAG, an investment firm focused on Asia Pacific, has signed a definitive agreement with private equity company KKR to acquire food and beverage hospitality business Australian Venue Co (AVC) for an undisclosed amount. AVC currently owns and operates more than 210 pubs, bars and restaurants across Australia and New Zealand. KKR invested in AVC in 2017 when the company only had 50 leasehold venues.
Retail Gazette
AUGUST 27, 2023
Boots is set to open its first-ever beauty-only store inside Battersea Power Station later this year. The 11,200sq ft beauty studio will showcase over 250 brands across cosmetics, skincare and haircare, as well as several new UK-exclusive brands and ranges from diverse and female-owned brands. The new location comes at Boots continues to invest in its beauty halls and advisors across its UK portfolio.
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Inside Retail
AUGUST 27, 2023
Retail spending grew 2.1 per cent year-on-year in July as consumers spent more than $35.3 billion in stores and online, according to data from the Australian Bureau of Statistics (ABS). Food sales (up 4.9 per cent) and cafes, restaurants and takeaway sales (up 9 per cent) bolstered overall retail activity. Meanwhile, other categories recorded “negative sales for the second consecutive month” with household goods down 4.9 per cent followed by clothing, footwear and accessories sales down 0.3 per
Retail Gazette
AUGUST 27, 2023
Wilko’s administrators have been urged to accept a rescue deal for the ailing value chain after receiving a second last-minute bid. M2 Capital, an Anglo-Canadian restructuring specialist, is understood to have put forward a bid worth £90m that would keep the entire retailer trading, The Guardian reported. It comes days after HMV owner Doug Putman made a surprise last-minute offer that would see 350 out of the 400 stores remain open and the £40m worth of debts owed to Hilco paid off.
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Inside Retail
AUGUST 27, 2023
As Aussie shoppers’ expectations grow, your BFCM (Black Friday Cyber Monday) planning needs to start earlier every year. But if you’re in the habit of just doing a big promotion and blasting it at your customers and followers, you’re in for a rude shock this year. There are a few things Sinch MessageMedia knows better than retailers and messaging. Last November alone, we processed around 34 million messages for ANZ retailers as they hyped up their customers in the lead-up to Black Friday.
Retail Gazette
AUGUST 27, 2023
The boss of Boden has promised to revamp the business after admitting to a “catalogue of mistakes” that pushed the fashion retailer to a significant loss. Johnnie Boden told The Times he was a “complete nitwit” for making the brand too trendy and neglecting its core customer base. The overhaul, which will coincide with its upcoming Autumn/Winter 23 collection, will see the fashion retailer revive its famous catalogue and axe its struggling menswear division.
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Retail Gazette
AUGUST 27, 2023
Superdry boss Julian Dunkerton has warned Oxford Street “needs serious help” after the busy road has been left in disarray from the rise of American Candy Stores and empty shop units. The chief executive told The Telegraph the street “needs some serious help if it is going to remain one of the world’s leading shopping streets”. Dunkerton suggested pedestrianising the street or adopting a more “joint up approach to planning and zoning to avoid the proliferation of temporary shops”.
Inside Retail
AUGUST 27, 2023
With customers continuing to seek more value as cost-of-living pressures bite, Wesfarmers’ Kmart Group is set to benefit from shifting consumer demand, and an increasingly strong value proposition. This is the message put forward by Wesfarmers’ CEO Rob Scott, and Kmart Group managing director Ian Bailey, to investors last week. The group, which is made up of discount department store brands Kmart and Target, as well as online marketplace Catch, delivered record earnings during FY23 – a 52 per ce
Retail Gazette
AUGUST 27, 2023
Asda chairman Lord Stuart Rose has slammed Michael Gove’s decision to block M&S’s redevelopment plans for its Marble Arch flagship. The former M&S chief executive told The Telegraph: “I cannot for the life of me understand why he wants to intervene on this particular building.” Gove rejected the high street retailer’s proposals that would see the Art Deco building housing its Marble Arch store demolished last month.
Inside Retail
AUGUST 27, 2023
American fashion designer Marc Jacobs first launched his eponymous beauty brand in 2013, making more than 120 products available for purchase in select Marc Jacobs stores and at Sephora. Created in connection with Kendo Brands, a beauty incubator owned by luxury group LVMH, Marc Jacobs Beauty was discontinued in 2021 after its contract with Kendo ended and was not renewed.
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Retail Gazette
AUGUST 27, 2023
John Lewis and Waitrose has joined M&S and Tesco in covering the cost of VAT on its range of period underwear. The retailers will absorb the 20% charge on more than 30 period knickers in its stores from next week. It is the latest industry push following the launch of M&S’ and Wuka’s ‘Say Pants to the Tax’ campaign calling on the government to remove VAT on period underwear.
Inside Retail
AUGUST 27, 2023
Aloysius Chay started Hydragun, a direct-to-consumer wellness brand offering premium products to aid recovery and relieve aches and pain, after suffering a training injury and realising how big the market for such products was. “Whether you are young or old, active or otherwise, pain is something that everyone would experience at some point – and my team and I aim to innovate and create recovery solutions to help people feel good, get better and live their best lives,” he told Inside Retail.
Retail Gazette
AUGUST 27, 2023
Iceland has been accused of transferring “significant” sums of money from its Irish subsidiary in the lead up to the division’s sale in February. Metron Stores, the owner of Iceland Ireland, has written to executive chairman Richard Walker with “concerns around several transactions” that took place in the run-up to its acquisition, The Telegraph reported.
Inside Retail
AUGUST 27, 2023
After its launch just two and a half years ago, Aje Athletica has become a powerhouse in the athleisure space. But moving forward, the business will be focusing on upping the fashion factor of its collections. Holding its first ever runway show earlier this month at the Sydney Opera House, Aje Athletica is working to evolve its business beyond its initial offering of leggings, sports bras and other workout wear – and instead deliver more “elevated” designs – though still with its customers’ acti
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Retail Gazette
AUGUST 27, 2023
The granddaughter of the founder of Wilko has said the chain’s management team and staff tried everything they could to revive the struggling discount retailer before it collapsed into administration earlier this month. Speaking to The Times, Lisa Wilkinson said: “Everybody has thrown everything and everything again at trying to make Wilko a success.
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