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3 weeks ago | 
insideretail.asia | Nicole Kirichanskaya |Jaquie Scammell |Tamera Francis
Summarecon Villaggio Outlets is thrilled to announce its partnership with Coniq to launch the Villaggio Privilege Club on February 17. This innovative program represents a significant transformation of the company’s legacy VIP membership initiative, aimed at enhancing the shopping experience for VIP customers. The Villaggio Privilege Club will feature a fully integrated loyalty and customer engagement platform, powered by Coniq’s sophisticated CRM and marketing automation technology.
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3 weeks ago | 
insideretail.us | John Kruzel |Will Dunham |Celene Ignacio |Jaquie Scammell
The US Supreme Court on Wednesday largely backed the US Food and Drug Administration’s refusal to let two e-cigarette companies sell flavored vape products that regulators consider a health risk to youths.
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3 weeks ago | 
insideretail.asia | Nicole Kirichanskaya |Jaquie Scammell |Tamera Francis
President Donald Trump on Wednesday unveiled a 10 per cent minimum tariff on most goods imported to the United States, with much higher duties on products from dozens of countries, kicking into high gear a global trade war that threatens to drive up inflation and stall US and worldwide economic growth.
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1 month ago | 
insideretail.us | Robert Stockdill |Tamera Francis |Jaquie Scammell |Nicole Kirichanskaya
Just a year after acquiring the business, Beyond has reached an agreement to sell 75 per cent of its stake in Zulily, the online marketplace of women’s and children’s apparel, for $5 million. The buyer is Lyons Trading Company which operates discount retailer Proozy.com.
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1 month ago | 
insideretail.asia | Kaycee Enerva |Celene Ignacio |Tamera Francis |Jaquie Scammell
Forever 21 has filed for Chapter 11 bankruptcy protection in the US, however, its international operations – particularly in parts of Asia – remain unaffected. Brad Sell, CFO of F21 OpCo, cited inflation and increasing competition as key factors behind the bankruptcy move which will allow the business to close all of its North American stores. “Rising costs and competition from abroad have made our current business model unsustainable,” he said.
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1 month ago | 
insideretail.asia | Jaquie Scammell |Celene Ignacio
Puma on Wednesday announced job cuts and warned of uncertain US consumer demand as the German sportswear group’s shares slumped 23 per cent in the wake of disappointing quarterly and annual forecasts issued a day earlier. The grim outlook, which follows weak quarterly sales and annual profit announced in January, has raised concerns over Puma’s ability to compete with bigger rivals Adidas and Nike while fending off newer, fast-growing brands such as On Running and Hoka.
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1 month ago | 
insideretail.asia | Kaycee Enerva |Jaquie Scammell |Celene Ignacio
Sanrio is stepping up efforts to protect its intellectual property in Southeast Asia with a new campaign to educate consumers about counterfeit products. The “Sanrio Values Authenticity” campaign highlights the risks of fake goods, including poor product quality and potential safety concerns. By raising awareness, the company aims to encourage consumers to choose genuine products and uphold the integrity of its characters.
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1 month ago | 
insideretail.asia | Celene Ignacio |Jaquie Scammell
Inditex saw net income rise 9 per cent to €5.9 billion (US$6.42 billion) last year, amid higher in-store and online sales and the opening of stores in 47 markets. The fashion group’s sales increased 7.5 per cent to €38.6 billion with Stradivarius having the highest growth rate of 14.1 per cent as turnover reached €2.6 billion ($42 billion). Bershka and Oysho sales rose 11.8 per cent to €2.9 billion and €831 million, respectively.
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1 month ago | 
insideretail.com.au | Sean Cao |Celene Ignacio |Jaquie Scammell |Tamera Francis
BGH Capital has sold its stake in Melbourne-based Laurent Bakery Group to French bakery giant Bridor for a figure that is said to place the business’s value at around $650 million. According to the Australian Financial Review, Bridor agreed on terms to acquire Laurent Bakery in late December, and the transaction was completed last week. Founded in the 1990s by Laurent Boillon, Laurent Bakery offers French-inspired cakes, bread and pastries at 15 retail stores in Melbourne.
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1 month ago | 
insideretail.com.au | Sarah Stowe |Celene Ignacio |Tong Van |Jaquie Scammell
Victorian-based Town & Country Pizza & Pasta has unveiled its first interstate location, in the Margaret River area of Western Australian. Joe Rossi, managing director and son of the founder, said it was a strategic decision to secure a site in the tourist region. A low-key introduction for the restaurant brand’s first interstate location was also deliberate, Rossi told Franchise Executives. “Town & Country is a regional brand in Victoria.
