Inside Retail Australia
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David Jones acquired by Anchorage Capital for undisclosed sum
WEBDec 19, 2022 · Private equity firm Anchorage Capital Partners has entered a binding agreement to acquire David Jones from South African retail company Woolworths Holdings for an undisclosed sum. A spokesperson for Anchorage called the deal a “landmark transaction”, and said the firm was thrilled to take on the 183-year-old department store. “David Jones ...
“Move fast, break shit”: Why LSKD is moving into retail at a rapid …
WEBBy Aron Lewin November 8, 2022. Australian-owned and operated sportswear brand LSKD is opening its third retail space this year, as part of a plan to expand its retail presence before peak period. The 150sqm Westfield Chermside store – which has a custom-front design – is set to open on 3 December, and follows the opening of its Chadstone ...
Lululemon to launch two-storey Sydney store in July
WEBBy Dean Blake April 6, 2021. Canadian activewear firm Lululemon is launching a new store on George Street, Sydney in July, which will cover two floors and offer 585 square metres of space. The store will be Lululemon’s first multi-level store in the country, and will occupy the ground and first floor of Brookfield Place, Sydney.
Woolworths Group’s Endeavour demerger date announced
WEBMay 10, 2021 · A shareholder vote to determine whether Woolworths Group is able to uncouple itself from hospitality business Endeavour Group is set to take place on Friday, 18th of June. First proposed in July 2019, the demerger is backed by Woolies’ board and leadership team, who believe it is likely to grow shareholder value in the long run.
Kmart unveils new ‘K Hub’ format in former Target stores
WEBBy Heather McIlvaine August 7, 2020. The conversion of Target stores into Kmarts has begun. Last week, Kmart Australia & New Zealand unveiled a new store format called K Hub on the site of three former Target Country stores in Victoria. The move follows Wesfarmers’ announcement in May that it would turn …
The need for speed: Inside Coles’ online strategy
WEBFeb 23, 2021 · The need for speed: Inside Coles’ online strategy. Coles is investing heavily in improving its online experience. Image: Bigstock. By Ruth Hogan February 23, 2021. While online grocery shopping might still feel like a relatively recent concept to most people, supermarket giant Coles is entering its already into its third decade in the space ...
Here’s how Best & Less plans to stand out in the crowded discount ...
WEBJul 27, 2021 · Best & Less Group has listed on the Australian Securities Exchange after raising $60 million through an initial public offering at $2.16 per share. The IPO follows a $40 million private equity investment from retail juggernaut Brett Blundy’s BB Retail Capital. The company, which operates 246 bricks-and-mortar stores and a fast-growing online ...
How Jeanswest went from VA to Clothing Store of the Year in 12 …
WEBBy Ruth Hogan July 7, 2021. While there’s no doubt that 2020 was a tough year for all retailers, Australian denim brand Jeanswest had a steeper hill to climb than most, starting out the year under voluntary administration with the closure of 37 stores, the loss of 263 staff and owing $50 million to creditors. But 18 months on, the business is ...
Bunnings looks to reach more tradies, online shoppers
WEBOct 14, 2019 · One of the last major retailers in Australia to embrace e-commerce, Bunnings is about to expand dramatically the number and type of products it sells online by launching an online marketplace as early as next month. The home improvement retailer announced the new offer, which will be called MarketLink, …
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