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The Body Shop Australia facing ‘cashflow crisis’

Inside Retail

The Guardian has quoted sources explaining that the money earned by the key overseas businesses during the peak trading period in November and December was paid into a global account, based in the UK – “a practice termed ‘cash pooling’”. As a result, global subsidiaries are struggling to pay suppliers for services rendered during that peak.

Shopping 290
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How the Y2K Revival is Expanding True Religion’s Shopper Community

Retail TouchPoints

Starting as a Senior Designer in 2006, he worked his way up to VP of Innovation before he left the company in 2017. As a result, Wells had to “rethink the way [I] looked at the world and worked with generations.” By the end of this year, the brand anticipates that the mobile app will account for 10% of total ecommerce sales.

Fashion 245
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How (and Why) Amazon is Sharing its Tech with Retailers Around the World

Retail TouchPoints

Call centers at Morrisons and Petco ? The way Tom Litchford, Head of Worldwide, Retail at AWS sees it, it’s not about competition at all, but rather advancing the retail industry as a whole. billion in annual operating profits, accounting for approximately 63% of the entire company’s operating profits for the year.

Checkout 329
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Why Ksubi CEO Craig King reads a book a fortnight, and says you should too

Inside Retail

We were having dinner at his house, and he asked me to grab another bottle of wine from a room, and it was full of books, so I asked him, “What’s with all the books?”. I sat down and looked at all the areas where I had weaknesses, and I started reading a book a week. It wasn’t necessarily something I was thinking about in my early 20s.

Boutique 246
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Aiwa brand up for auction, its parent bankrupt

Inside Retail

At its peak, it achieved sales of more than $2 billion annual revenue. Sony tried to revive the brand as a youth-focused subsidiary but after three years gave up and the brand was effectively shelved in 2006 until US company Hale Devices was granted the brand name in 2015. Bids are being taken until October 4.

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The Case For Subscription Service In CPG

Retail TouchPoints

Most physical retail channels look at profitability across the brand, but Amazon is focused at an individual product level — and products which Cannot Realize any Profit (CRaP) are delisted from the platform. In fact, this category of subscription has the highest conversion, at 65%. The Next Big Move For CPGs: Going DTC.

Consumer 279
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Why Retailers Need Cloud-Native Payment Orchestration: 5 Tips to Flexible, Scalable, Customized Payment Infrastructure

Retail TouchPoints

Meanwhile, the payment team is frustrated, accounting can’t scale efficiently under the demand to reconcile reports, and the retailer’s developer can’t stick everything together. Deploying these new payment types will cause very little friction to backend accounts and fulfillment teams. 4) Scale for Simplicity.