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Kogan has returned to strong top-line growth in the fiscal first half, which was fuelled by solid holiday sales. The company reported gross sales of $492.5 million during the July-December period, a 10.3 per cent increase year-on-year. Revenue also grew 9.9 per cent to $272.7 million. On the bottom line, gross profit rose 18.3 per cent to $106 million and adjusted EBITDA improved 17.5 per cent to $25.3 million.
WHSmith is in talks to sell its high street stores, more than two centuries after it opened its first shop in London. The retailer , known for its stationery, books, and newsstands, confirmed on Saturday (25 January) that it is exploring potential strategic options for its 500 high street stores, including a potential sale. In recent years, WH Smith has increasingly focused its efforts on its travel retail business.
Australia’s small and medium businesses are increasingly turning to cashless payment systems, according to a recent report by Tyro. A staggering 55 per cent of surveyed businesses have considered going completely cashless in the past year, with 16 per cent already having made the switch. Why the shift to cashless? Several factors are driving this trend: Consumer preference: A significant portion of Australian consumers now prefer card or digital payments, making it convenient for businesse
Sainsburys business unit director for clothing, home, and furniture, Christine Kasoulis, is set to leave the retailer after two and a half years. Kasoulis joined the supermarket chain in May 2022 from John Lewis, where she held various leadership roles, including director of brand development and category director for fashion and beauty. Her career at John Lewis began in 1989 in fashion buying, and she later became brand director in 2009, followed by buying director for home in 2013.
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.
KMD Brands has boosted direct-to-consumer (DTC) sales amid a cautious retail environment. For the period ending December last year, the group reported a 2.4 per cent increase in global DTC sales for Rip Curl, supported by strong growth during the Christmas trading period and additional stores operating year-over-year. Kathmandus DTC sales remained steady compared to the prior year, with improvements seen in recent months, particularly in New Zealand.
Asda chair Allan Leighton has restarted the supermarkets search for a new chief executive following a failed effort by his predecessor Lord Rose. Leighton, who returned to the business in November after 24 years, is thought to be seeking a candidate who he can work alongside rather than oversee, The Telegraph reported. The move means that Leighton will maintain significant involvement in Asdas turnaround strategy as he looksto steer the retailer through tough competition and revitalise its perfo
Peter Jueptner will step down as group president, International of The Estee Lauder Companies later this year. Jueptner has decided to step down from his role on April 1 and to leave the company on June 30. He joined Estee Lauder in 2009 as senior VP, Strategy, New Business Development and Transformation Initiatives and was promoted to president, EMEA in 2016.
Peter Jueptner will step down as group president, International of The Estee Lauder Companies later this year. Jueptner has decided to step down from his role on April 1 and to leave the company on June 30. He joined Estee Lauder in 2009 as senior VP, Strategy, New Business Development and Transformation Initiatives and was promoted to president, EMEA in 2016.
PrettyLittleThing (PLT) is set to cut more than 50 jobs at its Manchester head office as it joins the ranks of retailers slashing jobs this year. The latest round of redundancies at the Boohoo Group owned fashion retailer was communicated to affected staff members during a video call last week, Drapers reported. The move follows a previous announcement in December , when Boohoo Group said it was planning job cuts impacting approximately 200 roles across its brands, including Boohoo and PLT.
The Original Factory Shop (TOFS) is close to being sold after more than 17 years under the ownership of private equity firm Duke Street Capital. Baaj Capital, a family office behind investments in fashion retailer In The Style and Amscan International, is the leading contender to acquire the discount retail chain, Sky News has learnt. Sources say that while a deal has not yet been finalised, an announcement could come as soon as next week.
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.
Each week, I read many customer service and customer experience articles from various resources. Here are my top five picks from last week. I have added my comments about each article and would like to hear what you think too. Verizon Customer Chief Talks Retail Customer Experience: It’s All About Personalization by Judy Mottl (Retail Customer Experience) Brian Higgins, chief customer experience officer at Verizon, offers insight on Verizons CX strategy and what makes for a rewarding, comp
Dr Martens said it made good progress on its turnaround efforts as third quarter trading was as expected. The footwear retailer reported a 3% rise in group sales on a constant currency basis to 267m in the 13 weeks to 29 December, up from 260m. Its direct-to-consumer (DTC) channel edged up 1%, which it said was a result of a 2% rise in ecommerce, which offset the 1% dip in retail revenue.
Investment firm L Catterton has signed a strategic agreement with Japanese premium fishing gear manufacturer Megabass to support the latters expansion. Founded in 1986 by Yuki Ito, Megabass offers fishing lures, baits, and rods that combine traditional craftsmanship and cutting-edge technology. The company has gained a loyal following among the angling community, first in Japan and now internationally it entered the US market in the 2000s and has since been endorsed by renowned American anglers.
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