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Panthera Group is set to sell the Terrace Central Shopping Centre in the Hunter Valley, hoping to attract bids from private, syndicate and institutional investors. Besides a Woolworths supermarket and BWS liquor store, which account for 51 per cent of turnover and have signed a lease renewal through to 2032 the centre is home to The Reject Shop, Australia Post, a medical centre, pharmacy, and other retailers, with non-discretionary retail.
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Sydney Fish Market might be on the brink of collapse after failing to publish its financial report, with sources saying it will reveal a significant loss during the last fiscal year. According to the Sydney Morning Herald , auditors refused to sign off on the companys accounts three months after the mandatory reporting deadline. This was due to concerns the firm would not be able to pay the increased expenses that come with the new premises , which is set to open this year and is double the foot
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.
After creating a global beauty brand that offers Aussies luxe for less, MCoBeauty founder and former CEO Shelley Sullivan could soon be consulting to the stars. Five years after founding the masstige beauty brand MCoBeauty, Sullivan last week sold her remaining 50 per cent stake in the business to DBG Healths Dennis Bastas, at a $1 billion valuation.
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Lawyers for Aldi and the Groceries Code Adjudicator (GCA) are battling over whether the government body should be able to get involved in a landmark High Court hearing concerning a supplier’s delisting. Legal teams for both bodies fought it out in London yesterday, with the GCA insisting it should be permitted to give evidence in court, The Grocer reported.
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Toys R Us ANZ CEO Penny Cox has resigned with immediate effect. Cox joined Toys R Us as CEO in July 2023 , succeeding Louis Mittoni, who resigned from the role. Current chairman Kelly Humphreys will take the role of interim executive chair while current non-executive director Teresa Smith will assume the position of interim executive director until a new CEO has been appointed.
As Valentine’s Day approaches, retailers have a last-minute opportunity to capture consumer interest, with Google Search trends revealing how shoppers are planning for the occasion. From the growing popularity of self-care and non-romantic celebrations to increased demand for AI-powered gift recommendations, brands are being encouraged to tailor their campaigns to align with shifting consumer behaviour.
Tesco pledges to expand its Stronger Starts Apprenticeship programme to provide 1,500 apprenticeship opportunities by 2027, helping address growing youth unemployment. The Stronger Starts Apprenticeship programme opens doors for young people, offering opportunities for employment without needing prior qualifications. Tesco calls on the Government to publish a timetable for implementing the Growth and Skills Levy, calling it a once-in-a-generation opportunity to reform skills training and unlock
Sephora UK has confirmed plans to open a second Manchester store at Manchester Arndale in summer 2025. This follows the success of the brands Northern debut at the Trafford Centre in 2024, where over 2,000 beauty enthusiasts queued on opening day. The new location will further strengthen Sephoras physical presence in the UK and allow it to connect with even more shoppers in the heart of the city.
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