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May 21, 2024 | 
insideretail.asia | Celene Ignacio |Yatu Widders Hunt |Anil Prabha
Indian fashion retailer Arvind Fashions‘ profit after tax declined 5 per cent to 560 million rupees (US$6.7 million) despite revenue increasing 5 per cent to 42.59 billion rupees. In the fiscal fourth quarter, the fashion retailer’s profit after tax surged 72 per cent year over year to 250 million rupees as revenue rose 4 per cent to 10.94 billion rupees.
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May 21, 2024 | 
insideretail.com.au | Kaycee Enerva |Rakshnna Pattabiraman |Yatu Widders Hunt |Anil Prabha
Australian beauty brand Aesop has transformed 38 of its storefronts in Australia and New Zealand with algae-based window decals. The textured decals, created by bioplastic artist and Other Matter studio founder Jessie French, are designed to be repurposed and reused in a self-sustaining closed-loop system. This provides an environmentally responsible alternative to traditional materials such as PVC.
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May 21, 2024 | 
insideretail.com.au | Sean Cao |Rakshnna Pattabiraman |Yatu Widders Hunt |Anil Prabha
Four executives in Bunnings’ management team have departed the hardware chain in a move that was described as a “reshaping” rather than a restructure. Chief commercial officer Ben McIntosh, chief transformation officer Leah Balter, and GM of corporate affairs Maria McCarthy have exited the company. Jen Tucker, the director of merchandise, also decided to leave following a family bereavement. Other management shuffles include the appointment of Ryan Baker as chief operating officer.
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May 21, 2024 | 
insideretail.com.au | Rakshnna Pattabiraman |Yatu Widders Hunt |Anil Prabha
Decathlon, the leading global sporting goods brand, is committed to delivering an exceptional retail experience – a mission that begins with hiring the best retail staff. The fast-moving and ultra-competitive job market posed a unique set of challenges, and Decathlon store leaders needed help with recruitment, providing a consistent candidate experience across stores, and responding promptly to new applications.
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May 21, 2024 | 
insideretail.com.au | Tegan Jones |Rakshnna Pattabiraman |Yatu Widders Hunt |Renju Jose
Melbourne e-commerce startup Little Birdie has announced it is pausing operations for the foreseeable future. In a note to customers, the company said it will be working on an AI shopping tool in the meantime. According to Startup Daily, this email was sent to Little Birdie customers on Friday evening. It has also been posted on the company’s website, informing users that its website, app, and extension experiences are being switched off for an undisclosed period of time.
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May 21, 2024 | 
insideretail.com.au | Sean Cao |Rakshnna Pattabiraman |Yatu Widders Hunt |Anil Prabha
The New Zealand business of burger restaurant chain Wendy’s has been sold to US franchise operator Flynn Group, marking the company’s first change in ownership in more than three decades. The Lendich family, which has operated the franchise since 1988, put it up for sale in June 2022. The franchise includes 22 restaurants with 12 stores in Auckland, eight in other parts of the North Island, and two on the South Island.
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May 21, 2024 | 
insideretail.com.au | Celene Ignacio |Rakshnna Pattabiraman |Yatu Widders Hunt |Anil Prabha
Northern Brisbane’s Market Central Lutwyche, home to Aldi, Coles, and Woolworths supermarkets, is up for sale. Its owner has tapped Stonebridge’s Carl Molony, Philip Gartland, and Justin Dowers, along with JLL’s Nick Willis and Sam Hatcher, to sell the property through an expressions-of-interest campaign.
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May 21, 2024 | 
insideretail.com.au | Tong Van |Rakshnna Pattabiraman |Yatu Widders Hunt |Anil Prabha
After a significant rebound last year driven by China’s revenge spending, this year the luxury sector has entered a season of mixed results with stalling demand in Asia and changing consumer spending preferences. High-end brands are now exploring additional ways to deepen their relationships with affluent consumers and enhance their brand appeal. Experiential marketing has become a key trend.
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May 20, 2024 | 
insideretail.asia | Ashley Song |Tong Van |Yatu Widders Hunt |Anil Prabha
The competition among South Korea’s major food delivery apps — Baedal Minjok, Coupang Eats and Yogiyo — to poach customers from one another is intensifying into a bruising battle. The clash among the three services erupted last year over discounts on delivery fees. After a brief lull, their rivalry reignited last month with the introduction of free delivery offers, and it is now escalating further with the rollout of subscription services.
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May 20, 2024 | 
insideretail.co.nz | Sean Cao |Rakshnna Pattabiraman |Yatu Widders Hunt |Anil Prabha
Luxembourg-based private equity firm CVC Capital Partners has been confirmed as the mysterious suitor for New Zealand-listed honey producer Comvita, according to the Australian Financial Review. CVC has been looking to push into deal-making in Australia and New Zealand. It recently put ASX-listed APM Human Services into play in February and bought Ekaterra – the owner of 34 tea brands – in 2021.
