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Coles has the most confusing promotional labels, consumer advocacy group Choice said as it calls for supermarkets to make their tags clear and easy to understand for shoppers. Choice found in a survey that Coles’ ‘Down Down’ and ‘While Stocks Last’ labels confused shoppers as to whether the item was marked down or not. Meanwhile, shoppers are also confused on Woolworths’ ‘Prices Dropped’ label, unsure if the product was already discounted.
Although General Motors has had trouble selling its electric cars, a recent report indicates that the increase in sales of gas-powered vehicles helped the company generate a profit.
For me, the great thing about working in finance is getting to make decisions that touch all aspects of the organization. Finance really places you at the center of everything, where decisions you make play a pivotal role in sustaining long-term business success. That is, at least, the theory. The reality is that, for teams that rely heavily on manual workflows, financial management can be not just burdensome but downright soul-sucking.
Furniture retailer Nick Scali is entering the UK market through acquiring Anglia Home Furnishings, trading as Fabb Furniture, for £3.5 million ($6.7 million). Nick Scali intends to pay $1 million to exercise the option to exit the existing distribution centre arrangement and inject up to $11.5 million of working capital. After the acquisition, Nick Scali said it plans to invest in the existing Fabb Furniture network, which will include store refurbishments and rebranding, setting up a new distri
Category Management is a cornerstone of a successful retail strategy. While it promotes collaboration between manufacturers and retailers to optimize category performance, challenges persist in its effective implementation due to hurdles in communication and collaboration across teams and partners, and more. In this guide, we outline five essential strategies for success in 2025 that will touch on all the essential pieces of a successful strategy and implementation.
Foot Locker has unveiled its new store format, which includes a communal sneaker try-on area to facilitate “sneaker culture” conversations and technology that provides store associates with omnichannel inventory availability data. The retailer plans to use learnings from this store, located in the Willowbrook Mall in Wayne, N.J., for additional reinvented stores it will open in 2024 , including at the brand’s NYC flagship and locations in Paris, Melbourne and Delhi.
Coco Republic will collaborate with online lifestyle retailer Revolve to produce a collection of decorative items, to expand its audience to millennial and Gen Z consumers in the US. Coco Republic made their debut at the Revolve Festival 2024 in Palm Springs, California, as the official furniture partner displaying its outdoor range. The joint ‘The Art Of House’ collection, which will be launched next month, promotes the styling of design objects and accessories “to provide col
Beleaguered retailer Big Lots has increased its borrowing capacity by up to $200 million with a new “first in, last out” term loan facility, secured through an affiliate of Gordon Brothers Capital. The move “significantly enhances the company’s liquidity position and is incremental to the borrowing capacity within the company’s current $900 million asset-based revolving loan facility,” according to a Big Lots statement.
Beleaguered retailer Big Lots has increased its borrowing capacity by up to $200 million with a new “first in, last out” term loan facility, secured through an affiliate of Gordon Brothers Capital. The move “significantly enhances the company’s liquidity position and is incremental to the borrowing capacity within the company’s current $900 million asset-based revolving loan facility,” according to a Big Lots statement.
Amazon has unveiled a new program that allows customers of both Whole Foods and Amazon Fresh to receive unlimited grocery delivery for just $10 per month.
In what has become a recurring plotline, Google has once again delayed third-party cookie deprecation on its Chrome web browser. Previously scheduled to be completed by the second half of Q4 2024, Google now anticipates the change will take place sometime in 2025. This marks the third time Google has pushed back the timeline on cookie deprecation, plans for which were first announced in January 2020 , when the company committed to removing tracking tech from Chrome within two years.
Brazilian restaurant chain Oakberry entered the Australian market in 2018 after ANZ CEO Renan Fretes-Pinto identified a gap in the market for healthy fast food. Today, there are more than 50 franchise locations and 500 head-office staff across Australia, New Zealand, the Pacific Islands and Indonesia, and there are plans to open 30 more new shops in Australia alone this year.
Founded in 2010, BaubleBar has become one of the most popular destinations for statement-making styles, affordable jewelry and personalized accessories. (Personally, I’m a big fan of the partnerships the brand has tapped into with the MLB, NBA, NFL and Disney.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Dom's Kitchen & Market and Foxtrot Market, two grocery chains based in Chicago, have announced the closure of all their stores. This decision comes six months after the companies merged.
Footwear brand Kizik partnered with MG2 on a pop-up concept in New York City’s SoHo to gauge market demand. The people have obviously spoken, because the brand has decided to extend the pop-up through Memorial Day. Originally slated to run for one weekend (April 19-21), the Greene Street pop-up is the first physical manifestation of Kizik’s new brand identity and “motion is magic” tagline.
JD, New Look and Ann Summers are set to open new concept stores at Derbion, the Midlands retail and leisure destination, following a combined investment of over £5 million. The investment forms part of Derbion’s continuing growth strategy to reposition and support existing retailers alongside new lettings. By actively managing the centre, Derbion has unlocked space to ensure brands benefit from the optimum footprint and location to drive footfall and sales.
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
Legacy denim brand, Levi Strauss & Co has rolled out a direct-to-consumer first strategy across its East Pacific Asia market. The pivot away from Levi’s historically successful wholesale model was first introduced with the arrival of new president and CEO Michelle Gass who has her sights set on taking the brand to new heights. Levi’s consider itself a steward of denim and in particular the blue jean – now the iconic brand is taking control of growth by coming back to bricks-and-mortar.
Reporting by the business media of retail sales and other economic data produced by governments in developing Asia is often too trusting. The official numbers are usually reported unquestioningly, yet they can be deeply flawed for a number of reasons. Occasionally it is worth reminding ourselves that they need to be taken with a pinch of salt, sometimes a handful of it.
UPMC, the largest employer in Allegheny County, Pennsylvania, is laying off about 1,000 employees. The cuts are a response to challenges in the post-pandemic healthcare market.
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French luxury fashion group Kering has anticipated a decline of up to 45 per cent in operating income for the first half of this year after reporting a 10 per cent drop in revenue in the first quarter. The company logged €4.5 billion (US$4.8 billion) in sales for the three months. “Kering’s performance worsened considerably in the first quarter,” said François-Henri Pinault, chairman and CEO of Kering Group.
The APPMA Packaging Design Innovation Award is a prestigious prize given in recognition of achievement in the Australian packaging and processing industry. The award celebrates innovation, leadership, and best practices on the part of the winner, as well as the outstanding design elements that they have introduced in their packaging. Ranpak is proud to have sponsored the 2024 APPMA Packaging Design Innovation Award.
Oracle has decided to relocate its world headquarters to Nashville, Tennessee. The primary motivation behind this move is to position the company closer to one of the major healthcare centers in the United States.
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The FTC has voted to ban almost all noncompete agreements across the country. These agreements often stop employees from working for competing businesses or starting their own ventures.
Chief Commercial Officer Frank Bracken told Retail Dive the new format fixes some old pain points, like a male-dominant experience, and also serves as a starting point for its fleetwide revamps.
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Sainsbury’s expects strong profit growth in the year ahead as it beat expectations for its 2023/24 financial year. Pre-tax profit for the year to 2 March edged up 1.6% to £701m, topping last year’s figure, as it achieved record grocery market share gains and volume growth that accelerated in every quarter. The UK’s second-biggest grocer said it expects to make up to £1.06bn in underlying operating profit from its retail operations in 2024-25 – up from £966m last year.
Pret A Manger has made a series of board changes, including bringing back its co-founder as ramps up its next phase of international growth. Former chief executive officer of Pret owner JAB Holdings Olivier Goudet is stepping down as chairman and will be succeeded by his colleague and JAB partner, Konrad Meyer. After spearheading the acquisition, Meyer became a board member in 2018 and also served as interim chief financial officer at the height of Covid-19 back in 2020.
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