Inside Retail
FEBRUARY 11, 2024
Generation Z was predominant in the retail industry last year, accounting for 50.4 per cent of the sector’s employees, a report by workforce management firm Deputy shows. The proportion of Gen Z employees in the sector increased from 45.5 per cent in 2022, the report added. Millennials accounted for 27.9 per cent of the retail workforce in 2023, down from 30.5 per cent in the previous year.
Retail Gazette
FEBRUARY 11, 2024
When Retail Gazette reported that LloydsPharmacy – what was once the second biggest pharmacy chain in the UK – had filed for liquidation late last month many were shocked. However, the chain had been quietly closing its stores over the past year before filing for voluntary liquidation. Aside from a big announcement when it revealed it would be closing all 237 branches inside Sainsbury’s last year, everything else seems to have flown under the radar.
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Inside Retail
FEBRUARY 11, 2024
Australian athleisure brand LSKD has appointed its first chief retail officer, the former director of retail for Lululemon ANZ Alex Shaughnessy, as part of its strategy to become a world-class retailer. During her time at Lululemon, which spanned 13 years from 2012 to 2020, Shaughnessy led over 40 stores and oversaw the brand’s national wholesale and community presence in ANZ.
Retail Gazette
FEBRUARY 11, 2024
Tesco boss Ken Murphy has insisted youth employment needs to be a political priority after the “turbulence” of the last few years. Writing in This is Money, the CEO said school leavers now needed the most support, as “their education has been disrupted, good quality jobs are at a premium, and many risk being left behind” Murphy said the barriers intensified for school leavers in some of the UK’s most deprived areas with more young people left looking for work and &#
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Inside Retail
FEBRUARY 11, 2024
With shipping rates climbing, retailers today are far less likely to be offering free delivery with purchases to encourage purchases – but they can still attract customers by offering delivery options to suit their budgets. Denise McGrouther, VP, MD of DHL eCommerce Australia, says retailers are learning that not every consumer requires their purchase to be delivered as soon as possible – especially if they can pay less for shipping, they are willing to wait four to six days instead of two.
Retail Gazette
FEBRUARY 11, 2024
The Body Shop is preparing to appoint administrators for its UK operation as soon as next week. Aurelius, the new owners of the cosmetics retailer, are preparing to appoint FRP Advisory to manage an insolvency process for the British arm, putting many jobs and stores at risk, according to Sky News. On Friday, city sources revealed the administrators were likely to consider shutting a significant amount of the chain’s UK stores, but said it was too soon to speculate on specific figures.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Retail Gazette
FEBRUARY 11, 2024
Evri owner Advent International is reportedly preparing to sell the delivery business, valuing it at £2bn. The private equity company is working with advisors from Rothschild to look at options for the firm, such as a potential sale, according to The Sunday Times. Advent International purchased a 75% stake in Evri, previously Hermes UK, in 2020 for a reported £850m.
Inside Retail
FEBRUARY 11, 2024
With almost 30 years of experience in one of the biggest and most rapidly evolving retail sectors, Piyush Jain, chief executive officer of the beauty incubator Maesa, understands the cosmetics and fragrance industry on a deeper level than most. Here, Jain speaks with Inside Retail about his long-running passion for the beauty industry, the factors that set up a brand for success, and his advice to aspiring entrepreneurs.
Retail Gazette
FEBRUARY 11, 2024
Pick-pocketing and muggings across the West End have shot up more than three-fold over the last two years, with wealthy tourists being increasingly targetted by criminals. The number of thefts in the area jumped from 796 in 2021 to 2,806 last year, according to new figures. Figures from business development service, the Heart of London Business Alliance, found theft currently comprises 60% of crime in the area around Leicester Square and Piccadilly Circus.
Inside Retail
FEBRUARY 11, 2024
In the ever-evolving landscape of retail and entertainment, Sunway Malls has emerged as a beacon of success, defying economic headwinds and setting new benchmarks for growth. In 2023, the mall operator reported 5 per cent year-on-year growth, surpassing its own record-breaking achievements of 2022. At the helm of this success stands HC Chan , the CEO of Sunway Malls and Theme Parks, whose strategic vision and leadership have propelled the company to new heights.
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RIS News
FEBRUARY 11, 2024
Design marketplace Minted has partnered with commerce platform DoorDash to offer something new for on-demand delivery.
Inside Retail
FEBRUARY 11, 2024
As part of The Iconic’s commitment to supporting First Nations brands, the online retail giant teamed up with not-for-profit organisation First Nations Fashion and Design (FNFD) to create an incubator program to spotlight Australia’s Indigenous fashion talent. The program kicked off in April 2023 and over nine months the First Nations designers selected to participate were given access to tools and resources to help commercialise their creative brands.
Fashion Retail
FEBRUARY 11, 2024
A few days ago, BoF published an interesting article by Daniel-Yaw Miller about the situation of Nike. The multinational from Beaverton, Oregon, partly benefited from the Covid crisis and the consequent growth in casual wear, as well as the desire for outdoor activities. However, it seems that the tailwinds have slowed down, and the impact on the stock market is being reflected.
Inside Retail
FEBRUARY 11, 2024
The Reserve Bank’s decision to keep interest rates on hold is set to have a ripple effect throughout the economy. While the smart money says rates probably won’t go down until well into the July-December half, very few people – if any – are predicting more rises. Add to that news of pending tax cuts that will impact a large number of Australian taxpayers, and finally, the light at the end of the tunnel is showing.
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