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The retail business has been around since time immemorial and it has grown to be one of the most prominent industries in the world. Managing and accounting the finances of a retail business is not an easy job, but it has to be done efficiently to ensure the business can diligently track revenues and losses. . Efficiency in accounting cannot be achieved without the right people in place.
Sponsored Post. Online reviews play a critical role in business. From everything like local restaurant choices, to hair salon decisions to online product purchases – it’s likely that the first thing you do is read the businesses online reviews. According to a recent study , the number of people who check online reviews first is as high as 77%.
Australian shoppers are ready and are headed back to stores, bringing with them high expectations that the products they want will be in stock. According to Oracle’s latest Retail Consumer Study , 53 per cent of consumers plan to shop mostly in-store this holiday season, and an additional 25 per cent plan to shop through a combination of in-store and online channels.
Speaker: Matt Sunshine, CEO at The Center for Sales Strategy
AI isn’t replacing salespeople—it’s empowering them. The most forward-thinking sales organizations are using AI to enhance human performance rather than eliminate it. From coaching and messaging to prospecting and pipeline accountability, artificial intelligence is giving managers and SDRs the new tools they need to work smarter, sell better, and close more.
Retailers looking to take full advantage of each store they operate need to consider not only their own value proposition but what the surrounding area offers as well. Malls and outdoor spaces both offer advantages to physical retailers, and making the most of these opportunities is a matter of understanding why and how shoppers are visiting each area, according to Placer.ai’s Retail Corridors and Indoor Malls: A Holiday Head-to-Head report.
Are you looking for ways to prepare for the challenges of the retail industry in 2023? We've compiled a list of the best resources for retail professionals, including blogs, podcasts, books, and guides to help you stay up-to-date on the latest trends.
Railpen, one of the largest pension managers in the UK, has announced the upsize of Skechers, the lifestyle and athletic footwear brand, at Caledonia Park in Scotland. Skechers has increased the size of its outlet store by over 1,000 sq ft in a move that illustrates the strong and successful performance seen by leading international brands at the destination.
Railpen, one of the largest pension managers in the UK, has announced the upsize of Skechers, the lifestyle and athletic footwear brand, at Caledonia Park in Scotland. Skechers has increased the size of its outlet store by over 1,000 sq ft in a move that illustrates the strong and successful performance seen by leading international brands at the destination.
Private equity firm Anchorage Capital Partners has entered a binding agreement to acquire David Jones from South African retail company Woolworths Holdings for an undisclosed sum. A spokesperson for Anchorage called the deal a “landmark transaction”, and said the firm was thrilled to take on the 183-year-old department store. “David Jones has a storied history, immense brand value and unparalleled assets — including an attractive retail footprint, a loyal customer base, and ded
Grove Collaborative , which offers a range of sustainable household and personal care items, faces delisting on the New York Stock Exchange (NYSE) if its share price doesn’t rise within six months. The NYSE, which alerted Grove about the problem in a Dec. 14, 2022 Securities and Exchange Commission filing , requires companies to maintain a share price of at least $1 over a consecutive 30-day period to remove the delisting threat.
Holiday commercials. Macy is speechless. You know the moment when you give somebody you love a gift and hold your breath until they react? This is the essence of Macy’s Christmas commercial. A family is unwrapping gifts and when the mother thought they were done, her husband surprises her with the ultimate gift. We all held our breath waiting for her reaction.
Grosvenor has announced that leading British retailer, Marks & Spencer (M&S), is to join Liverpool ONE, anchoring South John Street in two floors of the former Debenhams. Set to open in mid-2023, the retail giant is relocating from Church Street to create a 100,000 sq ft store in a move that reaffirms the brand’s commitment to the city centre.
The rapid rise of AI-powered displays, touchless technology, and sensory marketing is reshaping the future of in-store engagement. Yet for many retail executives, the real challenge is not identifying new tools - it is knowing which signals to trust, which inputs to prioritize, and how to architect decisions that elevate in-store leadership rather than dilute it.
Lingerie label Victoria’s Secret is set to launch its first Australian store-of-the-future retail concept on the ground level of the luxury shopping complex Emporium Melbourne this Wednesday. . The concept store will introduce a new design with a more open floor plan, brighter lighting, updated fitting rooms, a beauty bar, and soft touches throughout.
Celebrus has released Celebrus CX Vault, a platform designed to deliver relevant messages to shoppers while keeping their information private. Celebrus CX Vault utilizes no-party data, an information technique that does not use tracking, sharing or cookies of any kind. The solution was created to work by recognizing the context of a browsing session in real time and then applying machine learning to further determine and interpret user interest.
Only 50% of small business owners have a marketing plan for their business. Maybe that’s because they think that it has to be this long and complicated document. Well, it doesn’t. In this guide, you’re going to learn how to streamline your marketing efforts and increase your chances for marketing success by using a simple one-page marketing plan template.
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
Listed online retailer Kogan has bought Brosa, the collapsed online furniture chain for $1.5 million, just a week after it entered voluntary administration. Michael Korda and Richard Tucker of administrators KordaMentha said Kogan was the successful bidder after more than 30 prospective buyers expressed an interest in the stricken chain. Kogan said Brosa would be relaunched with an expanded range and value and maintain its brand and website.
Torrid has entered the Resale-as-a-Service (RaaS) business to serve its size 10-to-30 customers, becoming resale platform ThredUP ’s first plus-size brand. The ThredUP RaaS platform allows brands to tap into its Clean Out program, which helps consumers clean out their closets for retailer credit. U.S. customers can print a prepaid shipping label from torrid.thredup.com, fill a shippable box with apparel, shoes and accessories from any brand and send it to ThredUP free of charge.
If a judge approves, the beauty company will conclude its Chapter 11 process with its lenders as its new owners, but what happens next remains uncertain.
Rising inflation, supply chain disruptions, and a rocky economic outlook for 2023 may have retailers feeling spooked this year, especially as companies are still recovering from the pandemic. . But there is plenty of opportunity for brands to use technology to innovate and thrive in the new year. Here’s an overview of the most important trends every retailer needs to pay attention to in 2023.
AI agents already analyze trends, draft content, and trigger actions across leading commerce platforms. Yet most organizations still rely on workflows built for human‑only teams, losing speed, margin, and customer loyalty. Humans + Agents: Rethinking Enterprise Commerce in the Age of AI Collaboration shows how to close that gap. In one concise read you’ll see where agent gains surface first, how early adopters prove ROI, and which lean controls keep innovation moving without risking data or bran
Colette by Colette Hayman has bought luxury online accessories brand The Daily Edited after a three-month search for a buyer. The company was placed in liquidation after company members voted in favour of winding the business up on September 30, following a tumultuous three years in its history, sparked by a high-profile dispute between co-founders Alyce Tran and Tania Liu.
Photo courtesy of Easton Town Center. Photo courtesy of Easton Town Center. Photo courtesy of Easton Town Center. Photo courtesy of Easton Town Center. Photo courtesy of Easton Town Center. Photo courtesy of Easton Town Center. Easton Town Center has been busy this holiday season, as might be expected at a mall that welcomes nearly 30 million annual visitors.
The Labor Department has fined a Hendersonville, N.C., Chick-fil-A location for violations of the Fair Labor Standards Act for giving workers meal vouchers instead of legal tender. The location also employed underage workers for the same task — directing customers through the drive-thru. The location has been directed to pay $6,450 in penalties and back-pay of $235 to the seven workers.
When culture isn’t consistently lived out across the organization, engagement suffers—and it often starts with a disconnect at the top. In this session, Beth Sunshine, SVP of Up Your Culture at The Center for Sales Strategy, will reveal how HR and executive leaders can close the gap between vision and execution by equipping frontline and mid-level managers to become culture carriers.
Health, fitness and beauty. Put those three words together and they give aspiration, perfection and a number of other ideals that are impossible to live up to. A simple image search for health and fitness reveals screeds of bronzed, impossibly-toned bodies, paired with motivational slogans encouraging people to try harder, reach further, strive, dominate, or ‘just do it’.
Under Armour has appointed Marriott International President Stephanie Linnartz as its President, CEO and member of its board of directors following a search that began in May 2022. Linnartz will officially join the athletic performance brand on Feb. 27, 2023, succeeding Patrik Frisk, the former President, CEO and member of the board of directors who stepped away from the role in June 2022.
The Commerce Department’s last reading of the year, which tracked the economy between July and September, showed an increase in the gross domestic product (GDP) of 3.2 percent, indicating to Wall Street that the Fed may continue interest rate increases in efforts to tamp down inflation.
Category Management is a cornerstone of a successful retail strategy. While it promotes collaboration between manufacturers and retailers to optimize category performance, challenges persist in its effective implementation due to hurdles in communication and collaboration across teams and partners, and more. In this guide, we outline five essential strategies for success in 2025 that will touch on all the essential pieces of a successful strategy and implementation.
A fundamental question about the future of David Jones was put to rest this week, after the retailer’s parent company Woolworths Holdings announced the sale of the department store chain to Australian private equity firm Anchorage Capital Partners on Monday. While the sum was not disclosed, The Australian cited sources close to the transaction who put the figure at around $100 million.
FedEx is planning to cut an additional $1 billion in costs, citing weak demand that led to a disappointing profit for Q2 2023, which ended Nov. 30. Most of the cuts are expected to impact the Express unit through measures including fewer flights. The reductions will add to cost-cutting measures announced in September to bring FedEx’s total fiscal savings plan for 2023 to $3.7 billion.
Dubbed “zombie stores” by The Information, which first reported the predicament, about 7 Amazon Fresh stores around the country appear to be ready for operation but remain unopened, puzzling locals in their communities. According to the story, another 26 locations are in various phases of development, but no new Amazon Fresh locations have been opened since September of this year.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
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