Inside Retail

JUNE 4, 2023

Myer’s CEO and MD John King has announced he will retire in the second half of the 2024 calendar year and return to the US. In an ASX announcement, the department store’s board thanked King for his “extraordinary contribution” and added that his decision to leave is based on “being with his family as their health circumstances demand.” King has more than 30 years of experience in retail across department stores, specialty retailing and premium global brands in the US and UK.

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Department Stores Specialty Retailers Returns Planning 264

Inside Retail

JUNE 4, 2023

The takeover bid for discount fashion retail brand Best & Less Group (BLG) by BB Retail Capital has been accepted by sufficient shareholders to become unconditional. BB Retail Capital is a private investment firm owned by Australian businessmen Brett Blundy and Ray Itaoui who made an off-market cash offer of $1.89 per share last month. The company’s interests are currently controlled by investment group Allegro, which holds a 32.43 per cent share while the Bignor Family, a company associated

Apparel 246

Apparel Fashion Marketing Discount Store 246

Inside Retail

JUNE 4, 2023

Coles says it has provisioned a further $25 million to cover possible underpayments to the salaried management staff of its retail businesses as it continues an internal probe into its payroll. Back in February 2020, Coles said it had identified shortfalls in the remuneration of management and subsequently conducted a review into pay arrangements for all such team members covered by the General Retail Industry Award (GRIA).

Management 245

Management Supermarket 245

Inside Retail

JUNE 4, 2023

The 2020 pandemic was the most profound shared experience for a generation, creating a moment that brought everyone closer together and leaving us with a far greater appreciation of local businesses. In this sense, ‘community’ reached far further than our local neighbourhoods and brought a national, or even global, connection. Building relationships with retail staff We used to have relationships with many retail staff members; the banker we knew by name, the butcher who knew the family and the

Telecommunications 130

Telecommunications Store Layout Location Planning 130

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Management

Inside Retail

JUNE 4, 2023

In the face of a tight labour market, retailers in Australia are gearing up their hiring efforts to drive optimal business performance. However, as labour shortages, budget constraints, and the lingering effects of Covid-19 recovery persist, businesses find themselves navigating through an entirely transformed retail landscape. Here are three tips to help retailers combat hiring challenges this year: Meet candidates where they are It starts with meeting candidates where they are: their mobile p

Marketing 130

Marketing Advertising Management 130