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How to manage change without burning out employees

Inside Retail

In the past three years, the average employee experienced 10 planned enterprise changes, up from two in 2016. Its exhausting and the Harvard Business Review tells us that employees willingness to support enterprise change collapsed to just 43 per cent in 2022 compared to 74 per cent in 2016.

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Retail Food Group settles class action filed by former franchisees

Inside Retail

Headquartered in Queensland, RFG is a multi-brand retail food franchise manager, with brands including Gloria Jean’s, Donut King, Brumby’s Bakery, Michel’s Patisserie, Crust Gourmet Pizza and Beefy’s Pies. The company affirmed this move has no impact on its annual financial results.

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StockX Co-founder Promoted to CEO Job

Retail TouchPoints

Schwartz co-founded StockX, a platform for buyers and sellers of sneakers, apparel, electronics and collectibles, in 2016 with Dan Gilbert, Josh Luber and Chris Kaufman. Cutler led the company through periods of hypergrowth and managed through a global pandemic.

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Europe’s largest luxury watch house opens in Promenaden, Oslo’s Fashion District

Retail Focus

The store forms a key part of Promenaden Management’s extensive revamp of Oslo’s Eger shopping gallery, which was originally built in the 1850s. These iconic names were introduced to the area after Promenaden Management assumed control of the district in 2016.

Fashion 257
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Torrid CFO/COO Resigns; No Permanent Replacement(s) Announced

Retail TouchPoints

CTO Hyon Park will step in to manage the retailer’s supply chain, and CEO Lisa Harper will oversee other operational functions, including stores and real estate. Torrid has had an unusually high number of top-level management changes over the past year. For Q4 of its fiscal 2022, which ended Jan. 28, 2023, net sales dropped 5.5%

Finance 269
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Mytheresa Personalization Push Drives Uptick in Conversions, Engagement

Retail TouchPoints

The companies first partnered in 2016, as Mytheresa began working to improved conversion rates by offering personalized content across its international presence, which spans 133 countries and eight languages.

Fashion 264
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Report: Sean Combs Places $3.3 Million Bid to Acquire His Sean John Brand Out of Bankruptcy

Retail TouchPoints

The retailer is currently 90% owned by brand management firm GBG USA through a joint venture with Combs, who sold the majority stake in 2016. Hip-hop entrepreneur Sean “Diddy” Combs has reportedly placed a $3.3 million bid to acquire his own fashion brand, Sean John , out of bankruptcy, according to Bloomberg.