Retail news
Vacancies in retail soar as Christmas crunch approaches
Despite a decline in overall job vacancies, data released by the Australian Bureau of Statistics last week show vacancies in retail have grown by almost 15 percent since May of this year, as online retail giant Amazon joins many in preparing for a considerable recruitment push ahead of the festive season.
World Bank warns of global recession as core inflation bites
A new study authored by the World Bank suggests a consensus forecast indicating that the global economy could experience dramatic declines in growth over the next two years in news it suggests “do not augur well for the likelihood that a global recession can be avoided”.
Bringing Flexibility to Insurance: Insurtech Startup’s Latest Step
Australian insurtech startup Upcover has announced a new pay-by-the-month insurance payment option for its customers, designed to allow greater financial flexibility in accessing and maintaining insurance for small businesses and sole traders.
What is Next for Net-A-Porter?
Farfetch is going one step further in its online growth by acquiring the majority stake in Yoox Net-a-Porter. How does the deal work, and what does this mean for the online fashion retailer?
Tech futures lead winners from Government’s Jobs and Skills Summit
A few days removed from the conclusion of the Federal Government’s Jobs and Skills Summit, industry leaders, employers and employees alike have begun to reflect on the results of the two-day event.
Next 12 Months Will Be ‘Tough’ – Economist Gives Retailers Advice
Craig Ferguson, Director of Strategy at Antipodean Capital, spoke to a room of retail experts and online shoppers at the inaugural Power Retail Connect lunch held this Wednesday in Melbourne. Discussing the changes in the macroeconomic landscape, disruptions in consumer changes and spending habits and how they will impact retailers in the future, he also gave businesses a sliver of hope and advice for battling the next few months.
birdsnest Launches Pre-Love Collection, birdsnest rehatched
birdsnest is entering a new phase of its growth with the launch of birdsnest rehatched, a selection of preloved garments available to purchase online.
Record Revenue for Booktopia, but Challenges Lie Ahead
Booktopia has reported mixed bag results for FY22, with record-breaking revenue but losses in its EBITDA and gross profits up more than six percent.
Adore Beauty Revenue Breaks Records, Warns of Revenue Decline as Inflation Woes Kick In
Record revenue growth is on the cards for Adore Beauty as it presented its full-year results for FY22. However, the economic uncertainty across the country has lowered expectations for the next 12 months, but the retailer is confident that its offering will maintain resilience for the unpredictable future.
Frasers Group Expected to Majorly Acquire MySale
The online marketplace, MySale, is set to be acquired by Frasers Group. It currently owns a 28.7 percent share of the business, which increased on June 29.
Shopify BFCM Sales Reach Record Breaking $9.3B USD Globally
Shopify merchant data reveals record breaking Black Friday and Cyber Monday highlights globally and in Australia.
Mys Tyler Launches Innovative AI Stylist Feature
Fashion Startup Mys Tyler has unveiled its new generative AI feature. We spoke to founder and CEO Sarah Neill to find out more.
BNPL Legislation Delayed
BNPL industry regulations will not be brought into law this calendar year as the government delays the process into 2024.
Solving the Major Challenges Faced in Omni-channel Retail
The omni-channel experience introduces new challenges. Retailers need to focus on three critical optimisations to ensure a frictionless customer experience.
Key Takeaways from BigCommerce’s 2023 Customer Experience Report: What Online Shoppers Want from Brands
We identified three key strategies for retailers to meet — and exceed — shopper expectations going into peak season from BigCommerce’s 2023 Customer Experience Report: What Online Shoppers Want from Brands.
The Rise of Delivery Choices – What consumers want and how to exceed their expectations
HUBBED compiles three valuable insights on consumer preferences and expectations on their post purchase parcel delivery experience from its recent report, The Rise of Delivery Choices.
