Sun.Nov 10, 2024

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Ecoya CEO on why Metro Martin Place was a perfect fit for its new Sydney store

Inside Retail

Born in Sydney, designed in Auckland and made in New Zealand, luxury home fragrance brand Ecoya has arrived at Martin Place, the heart of the new Metro retail precinct in Sydney. After closing its first direct-to-consumer (DTC) store in Australia in the Sydney suburb of Woollahra, the brand initially planned to open a boutique in Bondi Beach. However, when the opportunity presented, it made sense to pivot to Martin Place.

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Applebee’s & IHOP Are Launching the First-Ever Dual-Branded Location in the US. Here Are the Details

Retail Wire

Applebee's and IHOP have teamed up for a one-of-a-kind restaurant experience.

Location 264
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LVMH buys into Swedish label Our Legacy

Inside Retail

LVMH has acquired an undisclosed minority stake in Swedish fashion brand Our Legacy, The Business of Fashion reported. The transaction comes following Our Legacy posting sales of €40 million (US$42.9 million) in the year ended June 30. Our Legacy will use the proceeds of the transaction to strengthen operations and open flagship stores in key cities such as Paris, New York, Los Angeles, Tokyo, Shanghai, and Hong Kong.

Fashion 257
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Longtime KFC Rival MB Chicken Launches in England

Retail Wire

KFC has had a longtime rival in the Canadian-owned brand.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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Endeavour’s retail sales remain flat in fiscal first quarter

Inside Retail

Endeavour Group ‘s retail sales remained flat in the fiscal first quarter as customers shopped more selectively. The company’s retail sales totalled $2.54 billion, with BWS and Dan Murphy’s comparable store sales declining 1.1 per cent year over year. Online sales increased 6.3 per cent and accounted for 9.3 per cent of total retail sales.

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Tesco faces ÂŁ1bn hit to National Insurance bill

Retail Gazette

Tesco’s national insurance bill is expected to rise an extra £1bn over the next four years following the chancellor’s decision to increase employer contributions. The supermarket giant, which employs 300,000 people, is estimated to be facing a £250m hike in its yearly tax bill when the changes come into effect in April, according to analysis by Morgan Stanley that was reported in The Times.

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Decision on fate of M&S’ Marble Arch flagship due next month

Retail Gazette

M&S will learn the outcome of its planning proposals to transform its Marble Arch flagship at the start of next month. Deputy Prime Minister and housing secretary Angela Rayner is due to block or approve the plans for the store before or on 5 December, This is Money reported. It comes as M&S boss Stuart Machin is looking to open ten more stores as the retailer’s turnaround continues.

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Why Best Jumpers’ new concept store is set up like a walk-in wardrobe

Inside Retail

Dylan Best is the designer behind Melbourne-made apparel brand Best Jumpers, renowned for its utilitarian and unisex designs. The brand has recently doubled down on its Melbourne presence with the opening of its concept store in Hawksburn Village. After taking home the National Designer Award last year at PayPal Melbourne Fashion Festival, Best had his sights set on an expansion in Sydney.

Fashion 130
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Boohoo riles up Frasers by excluding it from shareholder meetings

Retail Gazette

Boohoo Group is set to rile up its largest shareholder Frasers Group once more as new chief executive Dan Finley is to meet with investors, not including the Sports Direct owner, this week. Finley is understood to be meeting some of the company’s biggest shareholders over the coming days, The Times reported. However, the meeting is not scheduled to include anyone from Frasers Group, who owns a 27% stake in the fashion giant.

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“Asia is a key region for us”: Kypris’ CEO Chase Polan

Inside Retail

After expanding in North America, high-end beauty brand Kypris is now turning its attention to the Asian market, starting with its debut in Japan. “Japan’s deep cultural appreciation for beauty, ritual, and craftsmanship closely aligns with Kypris’ ethos,” Chase Polan , founder and CEO of Kypris, told Inside Retail. “The Japanese consumer is highly discerning, valuing products that offer not only efficacy but also an experience.

Consumer 130
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NEWS: SML RFID Delivers 98% Inventory Accuracy to Gina Tricot

I’m getting in touch with the news that fashion retailer, Gina Trictot, has achieved 98% inventory accuracy thanks to its partnership with SML RFID. Please see the full press release below, including exclusive quotes.

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The Entertainer axes new shops following National Insurance spike

Retail Gazette

The Entertainer has pulled its plans to open new stores following the government’s decision to raise National Insurance contributions for employers. The toy specialist revealed it had frozen hiring at its head office and said it could no longer open two shops it had planned after announcements made in last week’s Budget. Chief executive Andrew Murphy told BBC Radio 4’s Today programme that two of the retailer’s proposed new openings had failed their viability assessments.

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Comment on The Signage Nightmare Before Black Friday by Register

Cross Cap

A discussion of in-store signage issues retailers could encounter from both the store and corporate perspective during Black Friday.

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Ikea profit edges up despite lower sales

Retail Gazette

Inter Ikea, the owner of the Swedish furniture brand, has reported a rise in profit for 2024 despite a drop in sales following its decision to cut prices across a range of products. Operating profit for the group, which supplies the stores to which it franchises, edged up 4% from £1.8bn (€2.2bn) to £1.9bn (€2.3bn) in the year to 31 August., Reuters reported.

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