Retail Wire

FEBRUARY 12, 2024

For the first time since 2021, Bezos decided to unload a whopping 12 million shares of Amazon stock, resulting in a hefty sum of just over $2 billion. Last week marked a significant move for Jeff Bezos, the billionaire founder of Amazon.com Inc.

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Inside Retail

MAY 1, 2024

In October 2021, certain franchisees and former franchisees of the Michel’s Patisserie brand commenced the class action lawsuit against RFG and two of its related entities.

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Management Consumer 317

Retail Wire

MAY 12, 2024

China's electric vehicle (EV) sector is making strategic moves into offshore markets for increased funding, exemplified by the recent success of Zeekr, a premium EV brand under Geely, which saw its shares surge 34% in the largest US IPO by a Chinese company since 2021.

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Marketing 246

Inside Retail

OCTOBER 20, 2024

” Fallscheer exited Lovisa in October 2021 after 12 years of leading the company and was succeeded by Victor Herrero. “Competition hampers price increases and will likely result in a cap on store growth and gross margin improvement over time.”

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Retail TouchPoints

FEBRUARY 17, 2023

million in Q3 2021, and the net loss for the quarter was $47.3 million in Q3 2021. The RealReal has struggled to achieve profitability despite strong sales growth over the past several years. Revenue for Q3 2022 was $142.7 million , compared to $118.9 million , down from $57.2 The size of the U.S.

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Payment Services ATS Accessories Planning 291

Inside Retail

DECEMBER 18, 2023

Operating food delivery, video streaming and payment services in Asia, Coupang made its IPO debut on the New York Stock Exchange in 2021. Based in London, Farfetch went public on the New York Stock Exchange in 2018 before reaching its peak in 2021 with a value of more than 23 billion driven by the online shopping boom during the pandemic.

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Payment Services Shopping Accessories Fashion 290

Inside Retail

MARCH 3, 2024

The delayed deliveries subject to the court action occurred between September 23, 2021 and March 31, 2022. This is in contrast to the company’s committed delivery timeframe promoted online of two to 17 business days from the purchase date.

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Advertising Apparel Fashion Consumer 264

Inside Retail

JULY 17, 2024

Crocs filed the case in late 2021 after discovering Mosaic was selling footwear that was similar to its Classic Clog shoes. Crocs and Mosaic Brands have settled their lawsuit after the former alleged that several moulded foam shoes of Mosaic violated its intellectual property.

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Accessories Fashion 278

Inside Retail

MARCH 5, 2024

Born in Bondi Founded in the summer of 2021 Naked Sundays is the brainchild of former television journalist turned-founder, Samantha Brett, who was working behind the scenes to formulate a solution to the sticky issue of sunscreen functionality.

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Marketing ATS 277

Inside Retail

MAY 9, 2024

The business started to reemerge after Travis Wright , former GM of Esther & Co, became CEO in 2021. The brand was acquired by Crescent Capital in 2017, but fell into voluntary administration in March 2020, largely due to the impact of Covid-19.

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Planning Accessories Fashion 279

Retail TouchPoints

SEPTEMBER 5, 2024

The deal includes a pro-rata payment to Nordstrom to buy out its minority interest in the brands , which the department store acquired as part of a previous joint venture with Asos back in July 2021.

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Wholesale Payment Services Department Stores Returns 237

Retail TouchPoints

JANUARY 16, 2025

The UK-based JD Sports acquired Shoe Palace in December 2020 and DTLR in February 2021 as part of a push into U.S. Lifestyle retailer DTLR and footwear and apparel chain Shoe Palace both owned by JD Sports will deploy mobile POS and inventory orchestration solutions from Jumpmind across their combined 450 stores in the U.S.

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Point of Sale Payment Services ATS Apparel 240

Retail TouchPoints

MAY 29, 2024

. “We are pleased to introduce Eddie Bauer’s next adventure in innovation to its audience of brand fans,” said Sierra McPhillips, VP of Brand at Authentic Brands Group , which acquired the Eddie Bauer brand in 2021.

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Retail TouchPoints

OCTOBER 31, 2022

The company clearly hopes that the launch of its NFT marketplace — which was the first major initiative announced by new CEO Matt Furlong after he took the helm in July 2021 — will be its “Netflix Moment,” the epic pivot that revives a flailing business and takes it to new heights. In 2021 online users sent more than $44.2

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Promotions Management ATS Marketing 312

Inside Retail

OCTOBER 17, 2024

The campaign, which ran from January 2020 to August 2021, was for a 60-month interest-free and no-deposit payment method. The Federal Court has ruled that Harvey Norman, along with Latitude Finance Australia, made false and misleading financial claims in a national advertising campaign.

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Finance Payment Services Advertising Accounting 306

Inside Retail

JANUARY 6, 2025

The case concerns four former workers employed in various periods between June 2015 and September 2021. The Federal Circuit and Family Courtimposed a $30,000 penalty against 10 Foster Street formerly trading as George Elsissa and ordered it to pay back pay the workers $21,604, plus superannuation and interest.

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Payment Services ATS Accessories Fashion 259

Inside Retail

JULY 5, 2024

The declarations affect small businesses entering a contract with PayPal between September 21, 2021 to November 7 last year. The court also declared the term void from the start of the contracts and ordered that PayPal be restrained from applying, relying on, or enforcing, the term.

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Accounting 273

Inside Retail

DECEMBER 19, 2023

The misleading conduct affected about 70000 customers between January 2018 and August 2021. Airbnb already rectified the currency on its platform, with US prices denoted as USD, effective August 31, 2021.

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Consumer ATS 262

Inside Retail

AUGUST 29, 2024

Established in 2021, the organisation is run by the Australian Sporting Goods Association (ASGA) with a mission to reduce waste generated by the sports industry. TreadLightly has launched Sports Ball, a new recycling program aimed at reducing the number of sports balls that end up in landfills each year.

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Sporting Goods ATS 276

Inside Retail

SEPTEMBER 8, 2024

The proceeding has been filed by Australian legal consultancy company Echo Law on behalf of Domino’s shareholders who scooped an interest in the firm by entering equity swap confirmation between August 18, 2021 and November 3, 2021. Echo Law did not immediately respond to a Reuters request for additional comments.

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Marketing 182

Inside Retail

APRIL 22, 2024

Yamamoto joined Single O Surry Hills on an overseas exchange and eventually led the team’s expansion in Japan, heading the launch of the original roastery in 2014 and the Hamacho cafe in 2021. The post Coffee chain Single O expanding Japanese footprint after early success appeared first on Inside Retail Australia.

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Wholesale 277

Inside Retail

MARCH 5, 2024

In 2021, Tigerlily named Travis Wright as CEO who led the business to profitability through an overhaul of operations across all facets of the business. Founded in 2000 in Sydney, Tigerlily is known for its patterned dresses and bikinis.

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Apparel Accessories Fashion 264

Inside Retail

SEPTEMBER 26, 2024

Endeavour demerged from Woolworths in June 2021. Donohue began his career as a summer casual at the second Dan Murphy’s store in Alphington, Victoria, in 1994. He rose through the ranks and took leadership positions at Endeavour Drinks and Woolworths Group.

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ATS Supermarket 264

Retail TouchPoints

JANUARY 4, 2023

billion in Q3 2021. Amazon is still growing, but higher costs have slowed it down in 2022 — sales were up 15% in Q3 2022, but net income decreased to $2.9 billion , compared with $3.2 As a result, Amazon’s share price has fallen 50% year-over-year to approximately $84.

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Finance 303

Inside Retail

JANUARY 28, 2024

Travis Wright, Tigerlily CEO told Inside Retail, “When I joined Tigerlily in 2021, the goal was to significantly grow the online channel in efforts to become digital-first which was achieved in FY23.” In November 2021, a shift from a larger ERP system to a more cost-effective structure allowed Tigerlily to grow digitally without roadblocks.

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Wholesale Fashion Boutique Apparel 264

Retail TouchPoints

JULY 12, 2022

Walmart acquired Zeekit in May 2021. AR has long been part of the company’s DX mix with its acquisition of the virtual fitting room platform Zeekit in 2021 — which now powers AR try-on for apparel on Walmart.com — and by becoming one of the first retailers to offer home décor try-on via Pinterest , among many other initiatives.

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Apparel Inventory Management Consumer Shopping 360

Retail TouchPoints

SEPTEMBER 27, 2023

in 2021 and in line with shrink rates seen in 2020 and 2019. billion in 2021. NRF Data: Shrink is on the Rise The National Retail Federation’s just-released National Retail Security Survey 2023 revealed that the overall shrink rate in 2022 rose to 1.6% , up from 1.4% billion in losses, up from $93.9

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Sporting Goods Store Operations Location Accounting 252

Inside Retail

FEBRUARY 2, 2024

In 2021, she was promoted to brand director for Australia and New Zealand where she was the lead architect in the redesign of the Lego portfolio differentiation strategy. McKenny will lead the marketing team for the region and join the leadership team, reporting to Troy Taylor – VP and GM for Australia and New Zealand.

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Marketing Promotions Management 261

Retail TouchPoints

JUNE 9, 2023

However, the lawsuit asserts that those plans began to fall apart in 2021 when current CEO Rosalind Brewer took over and “decided she did not like how the screens looked and she wanted them out of the stores.” Lipsman is a major proponent of in-store retail media and also worked briefly at Cooler Screens in 2021.

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Advertising Planning Accounting Customer Experience 290

Inside Retail

MARCH 18, 2024

Rntr, co-founded by Shanya Suppasiritad in 2021, has been working with Australian labels to expand existing linear models to include rent, resale, and repair. We make sure that the portal provides the best user experience for the customer. And ensure the highest quality of the repair works to the standard of our brand partners.”

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Fashion Apparel Management Consumer 278

Retail TouchPoints

DECEMBER 6, 2023

After acquiring Mirror in 2020, Lululemon announced plans in April 2021 to expand its shop-in-shop strategy for the fitness technology to more than 200 locations. Tonal has been moving into traditional retail; Best Buy recently began offering its products to online shoppers.

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Consumer Location Planning Shopping 274

Inside Retail

JUNE 2, 2024

Herrero, hired by Blundy in 2021, was the second highest-paid chief executive on the ASX last year with an annual salary of $30 million, according to the Australian Financial Review. Under the employment contract, Cheston will make $2.35 million per year – with up to $2.35 In the amended contract, however, Herrero will be paid $1.95

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Planning ATS Accessories Fashion 278

Inside Retail

MAY 27, 2024

Both executives previously worked at RM Williams with then-boss Raju Vuppalapati, who became CEO of Country Roud Group in 2021. Maliki left Country Road Group in February after 19 months in the role, while Mustafic exited in March after serving the company for 10 months. There have been no allegations made against Vuppalapati.

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Fashion ATS Accessories 289

Inside Retail

MARCH 1, 2023

per cent in New South Wales, the home state of a third of Australians, from 2021 to 2022, state government figures showed on Thursday, the fastest year-on-year increase since records began in 1995. Store theft rose 23.7

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Supermarket Payment Services Shopping ATS 356

Retail TouchPoints

MAY 12, 2023

Bluestar brought back the Justice brand as an online-only retailer in April 2021 following its $90 million acquisition of the company in November 2020. This latest deal follows the acquisition of the Scotch & Soda brand, including worldwide licensing and distribution rights, by a separate affiliate of Bluestar.

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Wholesale Accessories Apparel Brand Management 288