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ICYMI and what we are reading - June 2025


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We make it easy for you to keep up to date with what's happening in the world of retail. Check out what we are reading this month and why.


If you're after more frequent updates about what is happening in the world of retail and CX, give us a follow on LinkedIn: RX Group


Pop Mart launches jewellery concept store

Pop Mart has launched its first jewellery concept store, Popop, in Shanghai, blending its cult characters with affordable luxury. The brand is tapping into emotional spending among young consumers despite economic headwinds.



Freedom Furniture sold to Amart as Greenlit Brands continues divestment strategy

Greenlit Brands is selling Freedom Furniture to rival chain Amart, creating a combined retail group with 120 stores and nearly $1 billion in annual turnover. Freedom will retain its identity under Amart, while Greenlit continues its divestment strategy, with Fantastic Furniture as its only remaining brand.



Mattel teams with OpenAI to create first AI-powered product this year

Mattel is partnering with OpenAI to launch its first AI-powered toy or game later this year, aiming to create safe, age-appropriate play experiences. The company will also adopt OpenAI tools like ChatGPT Enterprise to drive innovation and improve productivity across its operations amid slowing toy demand and rising costs.



Walmart Resets Its Future

A major win for Aotearoa beauty — Raaie is officially stocked across all Sephora stores in Australia and New Zealand.


Repco NZ pays $123m dividend to US owner, defies economic funk with big profits

Repco New Zealand has delivered a strong financial performance despite economic headwinds, paying out $123 million in dividends to its US owner. Driven by Kiwis’ ongoing preference for used cars and DIY maintenance, the company reported nearly $30 million in profit for the year.



What we are reading - ICYMI


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