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Scentre Group increases security across Westfield malls

Inside Retail

Scentre Group says it is increasing security spending while working closely with local police across all its Westfield shopping centres. The company said that funds from operations are expected to range from 21.75 cents per security for this year, representing a 3 per cent to 5.4 per cent growth.

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Wish Sold to Asian Ecommerce Platform Qoo10 for $173 Million

Retail TouchPoints

After years of decline, ContextLogic has sold its discount shopping app Wish for approximately $173 million in cash to Qoo10 , an ecommerce platform that operates localized online marketplaces throughout Asia. Qoo10 is headquartered in Singapore and operates marketplaces in Singapore, Indonesia, Malaysia, mainland China and Hong Kong.

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Milkrun seeks investment as a perfect economic storm hits instant delivery

Inside Retail

That reticence was backdropped by significant operating costs at Milkrun, which eschews the independent contractor model and uses employees to deliver groceries. At the same time, the return of in-person shopping after Covid-19 restrictions bit into the sector’s lockdown-era market share.

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Abercrombie & Fitch posts strong results despite tightening market

Inside Retail

The company’s operating expenses were up 6 per cent, driven by increases in incentive compensation, store occupancy and technology costs while operating income reached $90 million compared to an operating loss of $2 million last year.

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Retail Logistics: Boosting Efficiency and Productivity

Retail TouchPoints

Bringing the Bottom-Up Perspective into Focus CollaboMation strives to connect human workers with shop floor technology, creating a smooth interface that harnesses shop floor analytics and bridges any existing gaps that may disrupt operations.

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Simon Calls Off Merger With Taubman, Citing Impact Of COVID-19

Retail TouchPoints

In addition, Taubman has breached its obligation to operate its business in the ordinary course.”. The merger agreement specifically gave Simon the right to terminate the transaction in the event that a pandemic disproportionately hurt Taubman,” according to a Simon statement.

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Have Temu and Shein Thwarted Wish’s Hopes of a Comeback?

Retail TouchPoints

When it debuted back in 2010, Wish was the only game in town as far as manufacturer-direct discount shopping apps went. But times have changed dramatically in the 13 intervening years: Temu , which debuted just last September, is now the top shopping app in the U.S., Reducing shopping and shipping friction.