Inside Retail

JUNE 13, 2022

Bain has been considering listing the Retail Zoo business since 2019, but the advent of Covid-19 saw those plans put on hold. Since then, sales have grown from $132 million in 2019 to $148 million last year, according to data from IbisWorld, with EBIT last year reaching $49 million. .

Accounting 246

Accounting Planning 246

Retail TouchPoints

MARCH 5, 2021

The company is planning to open 100 new stores this year while at the same time relocating or closing 25 existing stores, bringing the net total of new stores in 2021 to 75. We feel good about the merchandising and operational plans that we have developed for this smaller prototype.

Planning 216

Planning Location Store Operations Accounting 216

Retail TouchPoints

MARCH 3, 2022

Target has big plans for 2022, with the retailer announcing plans to invest up to $5 billion this year to open new stores, enhance its digital, fulfillment and supply chain capabilities, and expand its shop-in-shop concept with Ulta Beauty. and New York’s Times Square.

Payment Services 204

Payment Services Shopping Planning Fulfillment 204

Retail TouchPoints

JANUARY 11, 2023

Microsoft is gearing up to take a bigger piece of the growing retail media pie with the debut of a suite of new capabilities through its PromoteIQ marketing platform, which the company acquired in 2019. alone by 2024, accounting for 20% of total digital ad spend, according to Insider Intelligence.

Advertising 256

Advertising Planning ATS Marketing 256

Inside Retail

FEBRUARY 8, 2024

million and now account for 21.3 Over the last five years as CEO, King has been enacting his ‘customer-first plan’ which has re-established Myer as Australia’s 8th most trusted brand, according to Roy Morgan. per cent, compared to the first half of the last financial year. The report revealed that online sales were $390.1

Department Stores 264

Department Stores Inventory Management Planning Returns 264

Inside Retail

FEBRUARY 5, 2023

With Adamantem, we plan to invest in further expansion of our global footprint, leverage customer insights and analytics to drive our customer proposition and establish market-leading ESG frameworks for the business,” said Alani. “Retail Zoo’s brands are well positioned through cycles as an ‘affordable indulgence’ offering.”

Accounting 279

Accounting Planning Marketing Management 279

Retail TouchPoints

JULY 14, 2021

This builds on Apple and Goldman’s existing partnership on the Apple Card credit card, which has been backed by the investment bank since 2019. Apple plans to make Apple Pay Later available both in-store and online, a nod to the growing cross-channel popularity of BNPL services. retailers since its launch in late 2014.

Payment Services 293

Payment Services Planning Accounting Marketing 293

Inside Retail

NOVEMBER 20, 2022

The Australian market currently accounts for 16 per cent of its sales, and the company aims to grow that to 38 per cent by 2025. Since 2019, the business has grown revenue by 300 per cent, with $4.3 Founded in 2012 by CEO Tim Dunn, Bushbuck is a hunting and outdoor brand that uses a direct-to-consumer business model.

Outdoor 245

Outdoor Accounting Planning Marketing 245

Inside Retail

OCTOBER 13, 2021

As recently as 2019, over 70 per cent of the value of B2B sales in Australia occurred through trade credit. And with the functionality to record transactions ledger-to-ledger and integrate with your existing accounting and ERP systems, your business’s finances will be automatically updated every time a sale, refund or exchange is made. .

Payment Services 355

Payment Services Finance Customer Experience Wholesale 355

Retail TouchPoints

NOVEMBER 29, 2021

The latest data from the Adobe Digital Economy Index revealed that out-of-stock messages rose a whopping 325% in October 2021 compared to the same month in pre-pandemic times (way back in 2019), and in the last month alone consumers have been hit with more than 2 billion out-of-stock messages online.

Shopping 276

Shopping Shipping Consumer Planning 276

Retail TouchPoints

JANUARY 10, 2022

The company said in a statement that it plans to list on the New York Stock Exchange under the symbol MRFM, the same ticker it used in its previous listing on the Nasdaq. After going private in 2016, the chain hit a few bumps in the road, including an accounting scandal that saw the resignation of the current CEO.

Specialty Retailers 243

Specialty Retailers Accounting Location Returns 243

Inside Retail

NOVEMBER 16, 2022

Burberry’s new chief executive Jonathan Akeroyd will on Thursday set out his plan to finish the job started by his predecessor: boosting growth at the British luxury brand to the levels of its European rivals. Leather goods account for around 20 per cent of Burberry’s sales versus 70 per cent at Bottega Veneta.

Fashion 278

Fashion Department Stores Planning Accounting 278

Retail TouchPoints

MAY 18, 2023

Touchland’s rapid growth has inspired founder and CEO Andrea Lisbona to invest in a robust enterprise resource planning (ERP) system that supports scalable, data-driven expansion. In 2019, Touchland closed deals with notable retail partners like Urban Outfitters , Bloomingdale’s and Neiman Marcus.

Planning 226

Planning Accounting Wholesale Consumer 226

Retail TouchPoints

APRIL 12, 2021

The penalty amount was determined by applying a 4% rate to Alibaba’s 2019 domestic revenues. The total accounts for less than 20% of Alibaba Group’s free cash flow over the last 12 months, said the company’s Executive Vice Chairman Joe Tsai in a conference call April 12.

Accounting 256

Accounting Promotions Marketing Planning 256

Retail TouchPoints

JULY 14, 2023

billion , with the top products planned for purchase including laptops ( 51% ), tablets ( 36% ) and calculators ( 29% ). More than 55% of respondents who are planning to shop for school supplies said they had already started buying as of early July — on par with 2022 and up from 44% in 2019. per person, up from $1,199.43

Discount Store 195

Discount Store Department Stores Planning Accessories 195

Retail TouchPoints

JUNE 27, 2022

The Team Sales business has historically accounted for less than 1% of Foot Locker’s annual consolidated sales. Foot Locker plans to fully consolidate the Eastbay.com retail website to the Champs Sports banner, completing the integration of these two banners that began in 2019. “We

Sporting Goods 191

Sporting Goods Apparel Accounting Marketing 191

Retail TouchPoints

JUNE 11, 2020

Most of the closures are expected to be smaller, non- Zara branded locations, and the retailer also plans to open 450 new stores fitted with the latest sales integration technology. The retailer expects online sales to account for 25% of its total by 2022, up from 14% in fiscal 2019.

Fulfillment 200

Fulfillment Shipping Accounting Planning 200

Retail Gazette

MAY 20, 2024

Morrisons parent company Market Topco’s accounts revealed that the group posted a pre-tax loss of £1.1bn last year, having accumulated £735m in interest costs which were tied to external debt and inter-company loans. The debt-financing bill was 23% higher than the £593m incurred in 2022.

Planning 119

Planning Payment Services Supermarket Grocer 119

Retail TouchPoints

MARCH 29, 2021

Rollup firms are typically able to buy these Amazon businesses at anywhere from 4X to 6X EBITDA, sometimes less, according to Thomson: “As long as you manage to keep the same efficiency that any one of those accounts had when they were a standalone, you can get a 15X to 25X valuation on your company. There is massive financial arbitrage here.

Fulfillment 337

Fulfillment Accounting Consumer Planning 337

Retail TouchPoints

AUGUST 30, 2021

I’m not an accountant, but stores are on the asset side of the balance sheet for a reason, and they need to be leveraged as much as possible to squeeze as much out of them as you can.”. compared to Q2 2019. Macy’s Q2 performance was another success story, with comparable sales up 61.2% year-over-year and 5.8%

Consumer 297

Consumer Fulfillment Department Stores Sporting Goods 297

Retail TouchPoints

JULY 30, 2020

Households with children in elementary and high school are set to spend an average of $789.49 , far exceeding the 2019 record of $696.70. There was a high degree of folks who were cautious about whether their kids were prepared for the next grade, so there may be a tendency to over-compensate and spend a little more than initially planned.

Merchant Services 244

Merchant Services Advertising Apparel Consumer 244

Retail TouchPoints

JANUARY 11, 2021

year-on-year through September 2020, boosting ecommerce’s share of its total sales from 33% in 2019 to 59% during this period. An electronic waste recycling program that M.Video launched in summer 2019 is now available in 450 stores, with plans to add another 200 locations in 2021. Q3 2020 net sales for all channels climbed 25.3%

Payment Services 229

Payment Services Location Fulfillment Customer Experience 229

Retail TouchPoints

APRIL 19, 2021

That’s 50 million more than in 2019 ; More than 1.9 million customer accounts.”. The economy in 2030 will need to be vastly different from what it is today, and Amazon plans to be at the heart of the change.”. In addition to discussing the recent failed unionization vote in Bessemer, Ala., million people around the world.

Fulfillment 261

Fulfillment Accounting Planning ATS 261

Retail TouchPoints

JUNE 30, 2021

Resale — the segment of the secondhand market that ThredUP defines as offerings with more curated assortments — is expected to account for more than half of that total, $47 billion , by 2025. Perhaps more important is the fact that of those first-time buyers, 76% said they plan to increase their spend on secondhand in the next five years.

Fast Fashion 260

Fast Fashion Fashion Apparel Thrift Store 260

Inside Retail

SEPTEMBER 19, 2022

Now the company’s founder has disclosed, in an interview with Inside Retail , plans to treble its store network within five years, add another 10 brands to its portfolio, and expand abroad – all while preparing for a potential IPO. It is targeting 30 per cent annual sales growth by 2025. Since then, the brand has opened 10 more.

Fashion 130

Fashion Planning Marketing Management 130

Retail TouchPoints

FEBRUARY 23, 2021

“Our investments in digital innovation continued to pay off in the quarter, with digital sales up 21% from 2019. Digital accounted for 44% of net sales in Q4 2020, and the retailer also highlighted the fact that 25% of its digital sales were fulfilled from its brick-and-mortar stores via curbside pickup and same-day delivery.

Department Stores 209

Department Stores Returns Jewelry Apparel 209

Retail TouchPoints

SEPTEMBER 17, 2022

The Consumer Financial Protection Bureau (CFPB) is planning to start regulating buy now, pay later (BNPL) products. Apparel and beauty companies accounted for 80.1% of BNPL transactions in 2019 but fell to 58.6% The CFPB also found that BNPL usage has expanded to a wider range of retailers. in 2020; A total of 13.7% in 2020.

Consumer 198

Consumer Payment Services Apparel Accounting 198

Retail TouchPoints

NOVEMBER 3, 2022

A recent survey from retail research firm NPD showed that the share of consumers’ planned shopping for the holidays ticked up this year for in-store versus online, in contrast to a long-term decline, and major retailers like Walmart and Party City just announced plans to direct the majority of their holiday hires to work on store floors.

Accounting 245

Accounting Returns Management ATS 245

Retail TouchPoints

AUGUST 9, 2021

These days, the framework for marketing success is still being driven heavily by a company’s media plan rather than in the context of overall customer health. Today’s brands are increasingly concentrating their energy and resources on top customers — the minority that account for the majority of revenues. That needs to change.

Marketing 289

Marketing Accounting Management Planning 289

Retail TouchPoints

OCTOBER 15, 2020

compared to June 2019, as consumers continued to take to the web to shop for items for their patios and gardens, outdoor recreation, work-from-home needs, arts and crafts and more. When they do, they create accounts and pass credit checks using stolen consumer information. Retailers Need to Anticipate Fraud Schemes.

Payment Services 130

Payment Services Planning Accounting Loss Prevention 130

Inside Retail

MAY 26, 2021

Shares of the Hollister and Gilly Hicks owner rose 11 per cent as it also posted a surprise quarterly profit and predicted second-quarter net sales to be at or above the pre-pandemic levels recorded in 2019.

Apparel 147

Apparel Accounting Returns Planning 147

Retail TouchPoints

NOVEMBER 10, 2022

Global ecommerce rose from 15% of total retail sales in 2019 to 21% in 2021. If you also account for the data companies possess but don’t fully understand enough to act on, you begin to scratch the surface of the challenges marketers and agencies face today. trillion today to $5.4 trillion in 2026.”.

Consumer 291

Consumer Advertising Shrinkage Marketing 291

Inside Retail

OCTOBER 25, 2021

Australia has one of the highest pet ownership rates in the world, with approximately 61 per cent of households owning a pet, according to a 2019 report by Animal Medicines Australia, making the pet industry a booming market locally. Bezzie’s meal plans for dogs are customised according to the animal’s age, weight and activity levels.

Supermarket 244

Supermarket Planning Accounting Marketing 244

Inside Retail

APRIL 13, 2022

B2B fashion e-commerce firm Zilingo has suspended its CEO, Ankiti Bose, after the company’s capital-raising plan led to questions about its accounting practices, according to Bloomberg. The company secured $226 million in its Series D round in 2019 led by Sequoia Capital and Singapore’s sovereign fund Temasek Holdings.

Accounting 130

Accounting Finance Fashion Planning 130

Retail TouchPoints

MAY 29, 2020

Costco reported a successful quarter, while Nordstrom and Abercrombie discussed plans to handle the fallout. Net income was $838 million compared to $906 million in Q1 2019, dragged down by $283 million in wage increases and sanitation-related costs. of its locations and plans to have all stores operational again by the end of June.

Department Stores 148

Department Stores Operating Expenses Store Operations Apparel 148

Inside Retail

OCTOBER 25, 2022

Here, we speak with CEO Craig King about the business’ revitalisation under General Pants, its in-store experience, plans for expansion in Australia, the UK and US, and the magic behind the number 23. They got a lot of attention really quickly, and they got some good accounts. IR: What was the reason for that?

Wholesale 243

Wholesale Fashion Location Planning 243

Retail TouchPoints

NOVEMBER 11, 2022

Additionally, Amazon has shut many of its physical stores aside from grocery, including bookshops and specialty stores, even though the retailer had a growth plan to nearly double its store footprint, according to people familiar with the plans.

Specialty Store 168

Specialty Store Planning Accounting Returns 168