News
Historic retailer Betts enters voluntary administration, closes 20 stores
9+ hour, 25+ min ago (376+ words) One of Australia's longest-running retailers has entered voluntary administration and will slash its store portfolio. Founded in Perth in 1892, family-owned Betts has been passed down through five generations. At its peak, Betts operated nearly 220 stores; the restructuring process under voluntary…...
How retailers are celebrating America's 250th anniversary of independence
8+ hour, 40+ min ago (23+ words) How can brands celebrate America's 250th without dividing shoppers? Inside Retail Australia This is for IR Pro Log in below or subcribe....
Living Edge brings Muuto showcase to Sydney
10+ hour, 53+ min ago (201+ words) Luxury furniture retailer Living Edge has unveiled a new Muuto showcase in Woollahra, Sydney, expanding the presence of the Danish design house in its portfolio. Founded in Copenhagen in 2006, Muuto " from the Finnish word for "new perspective" " has gained notoriety…...
Exclusive: Stax is now for sale
11+ hour, 38+ min ago (174+ words) Inside Retail has learned activewear brand Stax has been formally put up for sale, with a structured process now underway as trading disruptions continue across parts of the business. A transaction memorandum and data book have been distributed to interested…...
Kristen Brophy on how Thred Up masters the art of cultural fluency
1+ day, 9+ hour ago (24+ words) Inside Retail Australia This is for IR Pro Log in below or subcribe....
Milky Lane targets $100m valuation with bold national expansion deal
1+ day, 11+ hour ago (282+ words) The Milky Lane burger chain founders have signed a master franchise partner, Royale Hospitality, to take the brand across Australia, setting their sights on a company valuation of more than $100 million with a network of 35 stores. Royale Hospitality will add…...
Warehouse automation has changed. Has your thinking caught up?
1+ day, 12+ hour ago (547+ words) Retail is under pressure from multiple directions at once. The Fair Work Commission's decision to raise minimum and award wages by 4. 75 per cent from July adds to a cost stack that already includes rising energy prices, elevated freight and transport…...
Coles confirms TPG discussions over $4bn Greencross deal
1+ day, 13+ hour ago (296+ words) Supermarket giant Coles has revealed itself to be in talks over a blockbuster acquisition of the TPG-backed Greencross Pet Wellness Company. The deal, first reported by The Australian Financial Review, is expected to see the Petbarn and City Vets owner…...
Myer adds 25, 000 products to new-look marketplace
2+ day, 12+ hour ago (252+ words) Department store retailer Myer is continuing its e-commerce push with the addition of 25, 000 new products to its revamped online marketplace. The new, expanded range comes as part of a bid to diversify the business and further drive sales. "We are…...
Sydney CBD plan would destroy thriving retail precinct, 300 jobs, alliance warns
2+ day, 13+ hour ago (353+ words) The City of Sydney Council is planning to redevelop the inner city's Town Hall precinct by linking Sydney Town Hall, Sydney Square, and George Street, in a move that a newly formed alliance has widely criticised. Comprising the SDA Union,…...