Inside Retail

NOVEMBER 12, 2023

With the Christmas holidays almost a month away, and Cyber Weekend sales starting soon, brands around the world have started releasing their holiday ads. And while presents, family and connection are still top of mind, brands are finding new, inventive ways to get their message across this year. For example, in its new ad, the John Lewis Partnership seeks to replace a traditional pine tree with a giant venus flytrap as a family Christmas centrepiece.

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Retail Gazette

NOVEMBER 12, 2023

Ikea owner Ingka Group has acquired its second UK shopping centre, in Brighton, as the business targets city centres for new stores. The deal, estimated to be worth £145m, will see the furniture retailer convert the empty former Debenhams outlet in the coastal town’s Churchill Square Centre into a new Ikea store. The acquisition comes three years after it snapped up Hammersmith’s Kings Mall in west London, where it opened its smaller-format store in the ex-Debenhams unit alongside transfor

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Inside Retail

NOVEMBER 12, 2023

Wholesale distribution company Metcash will fully acquire trade tool supplier Total Tools by the end of this month. Metcash currently owns 85 per cent of Total Tools and is acquiring the remaining 15 per cent stake for $101.5 million after the current owners of the minority stake exercised a put option. Total Tools has 112 retail stores and is expected to open about 10 more stores a year for the foreseeable future.

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Wholesale 246

Retail Gazette

NOVEMBER 12, 2023

Co-op has warned there is a long way to go to tackle retail crime after the supermarket reported more than 300,000 incidents so far this year. Although it welcomed the ambition of the government’s new Retail Crime Action Plan, Co-op Food managing director Matt Hood insisted it needed to “see it in action” across its stores. The news comes as retail crime has reached record levels, with the supermarket’s latest data showing of the almost 3,000 occasions this year where spe

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Supermarket Planning Management 113

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.

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Inside Retail

NOVEMBER 12, 2023

With cyber breaches on the rise, particularly as we head into the ‘Golden Quarter’ for retailers, it is important that all businesses think not just about identifying the weak points that could let a cyber-attacker in and remedying one – but also about how you’d get your business back up and running again in the aftermath of a cyber incident. Why you need a recovery plan Imagine your business has been impacted by a cyber-attack.

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Retail Gazette

NOVEMBER 12, 2023

Poundland has yet to agree a deal with landlords on over 15 ex-Wilko stores that it planned to reopen under its own brand. The discount retailer has been renegotiating with landlords to line up back-to-back rent deals on the 71 Wilko shops it agreed to take on in September. It has opened 56 of the former outlets so far, but has not secured an agreement for over 15 due to landlords not engaging to aerated concrete in the buildings, The Grocer reported.

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Retail Gazette

NOVEMBER 12, 2023

Majestic boss John Colley has revealed plans to open more than 50 new stores along Britain’s high streets. The chief executive told The Telegraph that its physical outlets were “sacrosanct” for the wine retailer. The firm has been on a opening spree as of late bringing the total number of stores it has unveiled since it was snapped up by US private equity firm Fortress in 2019 to 15.

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Planning Marketing 88

Inside Retail

NOVEMBER 12, 2023

Cartier’s parent company Richemont has reported $17.13 billion in sales for the six months to September, posting a 6 per cent year-on-year growth led by Asia Pacific. The luxury group said the slow pace of growth was influenced by the “uncertain macroeconomic and geopolitical environments”. Meanwhile, the company recorded an operating loss of $1.18 billion from discontinued operations primarily resulting from an $840 million non-cash write-down of Yoox Net-a-Porter net assets.

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Retail Gazette

NOVEMBER 12, 2023

Several major retailers have demanded action from the Chancellor ahead of the planned business rates rise later this month. Jeremy Hunt is set to announce a 6.7% increase in the metric used to calculate property tax bills at the Autumn Statement on November 22. The British Retail Consortium said the new rate translates to a £470m hike for the industry.

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Planning Consumer ATS 76

Inside Retail

NOVEMBER 12, 2023

Alibaba International has unveiled its AI-powered suite, “Aidge”, becoming one of the early movers harnessing recent advancements in artificial intelligence to improve retail operations. Just to recap, Aidge, is an acronym for “AI for digital and global entrepreneurship,” and is built on the firm’s proprietary large language models (LLMs) and computer vision models.

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Retail Gazette

NOVEMBER 12, 2023

The carbon footprint of fashion and clothing sales spikes by 70% on Black Friday, a new study from the accounting platform Greenly reveals. Exploring data from a SaleCycle report which looked at the big shopping day last year, Greenly estimated that the carbon footprint of clothing sales amounted to 33,012 tonnes of tCO2e, which is 72% higher than a normal day (19,325 tCO2e).

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Fashion Accounting Shopping ATS 57

Inside Retail

NOVEMBER 12, 2023

Toy company Lego has opened the world’s largest store in Sydney, featuring a minifigure factory, a story-telling table and a pick-and-build wall. The 900sqm two-storey Lego store at Sydney Arcade opened its doors to the public on Saturday (November 11). The store also features architectural landmarks of Australia, such as the Sydney Harbour Bridge and the Sydney Opera House, made of Lego bricks. “We hope the unveiling of the world’s largest Lego store in Australia will delight both l

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ATS 130

Retail Gazette

NOVEMBER 12, 2023

The sale of footwear retailer Dune has been delayed despite receiving offers from Footasylum owner Aurelius and Next. The retailer appointed KPMG back in March to find new investors for the business to help accelerate its growth. The buyer would take on founder Daniel Rubin’s controlling stake in the business. Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning Drapers reported that Dune has received multiple offers from prosp

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Fashion 57

Inside Retail

NOVEMBER 12, 2023

The federal government recently announced that it would accept many of the recommendations outlined in its review of the Privacy Act 1988, which was released earlier this year. A significant change is the removal of an exemption for small businesses, with a turnover of less than $3 million. Previously, these small to medium enterprises (SMEs) were exempt from provisions obligating them to keep private information secure, and to notify customers if a breach occurred.

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Consumer 246

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

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