Studio Retail‘s financial statements under investigation
Studio Retail Group accountant Mazars LLP is under investigation by industry watchdog, the Financial Reporting Council (FRC).
2022
295 English stories filed on their original news datelines.
Three imperatives to be a transformational DTC brand
While DTC brands were well positioned to capture the increase in online shopping over the past few years, other retailers and brands have caught up in digital maturity and sophistication.
BlueNalu Demonstrates Scalability and 75% Profit Margin for Cultivated Seafood
Cultivated seafood company BlueNalu says it has 'cracked the code' to significant profitability with 75 percent gross margins achieved through breakthrough technology.
U.S. Dairy Consumption Grew 2% Last Year
But fluid mild drinking is half of what it used to be.
FAA directs $31M in grants to air cargo infrastructure projects
The funding will go to nine airports to improve the flow of goods throughout the U.S., the agency said in a news release.
DHL Supply Chain to hire 12,000 warehouse employees ahead of peak season
The company said it also plans to increase its use of robots amid industrywide labor challenges.
Investment key to fibre-to-fibre recycling
New research suggests that 23% of low value post-consumer textiles collected in Europe has the potential for fibre-to-fibre recycling but this would
Micron to slash chip spending amid inventory glut
“Inventory levels are high and they’re going to be higher,” CFO Mark Murphy said on the chipmaker’s Q4 earnings call.
The Lip Bar closes US$6.7 million funding round
The Lip Bar has announced that it has raised an oversubscribed US$6.7 million funding round to further grow its brand portfolio, which includes both Thread Beauty and The Lip Bar.
NFT sales plunge in Q3, down by 60 per cent from Q2
Sales of non-fungible tokens dropped sharply in the third quarter, according to blockchain tracker DappRadar
Ahead of the holiday season, Google is boosting its search tools for brands
Google's latest shopping tools upgrade comes at a time when its most significant business is being threatened by Amazon.
UNFI launches Symbotic’s AI tech in select distribution centers
The food wholesaler said the end-to-end automation system will enable it to boost order accuracy and storage capacity.
Lockdowns fuelled online boost for The Warehouse Group
The Warehouse Group says sales were impacted due to extended lockdowns in New Zealand though omnichannel earnings boosted margins.
Are retailers ready for a ‘seismic shift’ in consumer trust?
Aussie consumers have low levels of trust for advertising, but will pay more to buy from a trusted brand, says a report from Cheetah Digital.
Eataly set for global expansion after US$200 million cash injection
Eataly is set for international expansion after an Italian investment company took a 52 per cent stake in the business for US$200 million.
Britain to bring back tax free shopping for international tourists
Britain will reintroduce sales tax free shopping for international tourists to boost the country’s retail sector, according to the Chancellor Kwasi Kwarteng.
