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 ...
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 …
Best & Less to go public as Australia’s crowded discount sector …
WEBBy Heather McIlvaine May 19, 2021. Australian discount department store business Best & Less plans to raise about $72.3 million through an initial public offering at $2.15 a share, according to a term sheet that was sent to potential investors this week. The retailer aims to list on the Australian Securities Exchange (ASX) in mid-June with a ...
Eyewear retailer Bailey Nelson has rapid growth sharply in focus at …
WEBJun 10, 2022 · Last week, eyewear business Bailey Nelson launched its 100th store – a milestone that coincided with the brand’s 10-year anniversary. The new store in Frankston, Victoria, is the first of its kind: showcasing a new layout that will be replicated in future stores, new collections and an ‘OPTOS’ machine – a state-of-the-art imaging tool that allows the business’ optometrists to view ...
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, …
Petbarn expands same-day delivery Australia-wide - Inside Retail
WEBApr 29, 2020 · Petbarn will offer same-day delivery in metro areas across the country by the end of this week, thanks to a partnership with the ride-sharing platform, Uber. The delivery service will enable shoppers to order products online by 4pm and have them delivered to their doorstep that same day. Orders will be fulfilled from stock in Petbarn’s ...
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 ...
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 ...
Exclusive: Welcome to Myer’s new Virtual Store
WEBOct 20, 2021 · By Heather McIlvaine October 20, 2021. Myer is launching a new showroom concept that will enable it to display treadmills, stand-up desks, e-scooters and other products from its online marketplace in-store and track how consumers engage with them prior to making a purchase. The concept, called Virtual Store, was developed by digital retail ...