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How 99 Bikes plans to return to profit with an electric-powered push

Inside Retail

Australian specialty retailer 99 Bikes has announced its B Corp certification as the business continues to backpedal from its $12.4 Bricks-and-mortar retail big business 99 Bikes currently operates 62 stores in Australia and New Zealand, seven in the US and four in the UK. Australia is the strongest market for the business.

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Myer CEO and MD John King to retire

Inside Retail

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. 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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Pottery Barn Partners With The Renewal Workshop To Market Refurbished Products

Retail TouchPoints

Pottery Barn has partnered with The Renewal Workshop to responsibly clean, repair and renew the brand’s imperfect and returned items, which will be sold under the Pottery Barn Renewed brand. Textiles offered via the program will span categories including bedding, bath, curtains, pillows, throws, table linens and robes.

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When Customers Aren’t Holiday Shopping, They’ll be Streaming

Retail TouchPoints

The winter holiday season is a critical time for retail. November and December holiday sales average around 19% of total retail sales, per the NRF , and this share can be even higher for some department stores and specialty retailers. Emarketer anticipates that holiday retail sales will grow 4.5% billion online!

Shopping 243
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Mattress Firm Files for IPO 6 Years After Going Private

Retail TouchPoints

Mattress Firm has publicly filed for an IPO that will return the furniture retailer to the public markets six years after South Africa’s Steinhoff International took the company private. Since the beginning of fiscal 2019, we have fundamentally transformed our business across all functions,” the company wrote in the S-1.

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How T-Shirt Brand Goodlife is Using CPG Tactics to Conquer High-End Fashion

Retail TouchPoints

These tech investors were savvy at raising money and savvy at digital marketing, but we always believed that kind of growth was overrated — a lot of companies pour money into media channels to grow top line, but do they really have lifetime value? Customers can try products for seven days and return what they don’t like at no charge.

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Consolidation and live shopping: Four e-commerce trends to watch in 2023

Inside Retail

Across our network of 30 omnichannel and pureplay online retailers in Australia, we’re seeing a trend towards consolidation and specialisation, which are interrelated, as large and addressable markets remain underpenetrated. The numbers speak for themselves.

Shopping 264