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Retail not set to fully recover until 2025
KPMG has released its new report, the Australia’s Retail Health Index (RHI), which indicates the retail sector will be unlikely to return to pre-pandemic levels until late 2025.
Petstock doubles down on sustainability initiatives
The Petstock Group has announced a series of sustainability initiatives to work towards a cleaner future. This includes: uniform recycling, packaging recycling and installing solar panels across its network.
New app helps grocers and consumers reduce food waste
Australian app Gander has launched with an aim of combating food wastage among retailers - and saving money for grocery shoppers. Gander connects shoppers with reduced-price foods nearing their expiration dates.
“At a time when margins are being squeezed, this is revenue sitting on their shelves that local shoppers would love to buy, they just don’t know it’s there” - Tim Brown, Founder of Gander Australia.
RH Gallery set to make Australian debut
Luxury US furnishings company RH Gallery (previously known as Restoration Hardware) has lodged an application for a $140 million development which will span five levels and have a rooftop bar and interior design studio. This is set to open in Sydney’s Double Bay at the end of 2025.
TikTok launches ecommerce in US
TikTok has made its long anticipated deep dive into ecommerce with a TikTok Shop. It will bring shoppable videos and livestream directly to users ‘For You’ feeds across the country with selling tools for retailers, brands and content creators. Customers can also shop tagged products directly from videos and livestream in their feed.
Princess Polly opens first US store
Australian online fashion brand Princess Polly has opened the doors to its first store in Westfield Century City, LA. The concept has been designed to offer shoppers an immersive and interactive experience with digital displays, a media wall, & personalised recommendations. The space will be used to host special events to bring to life the community Princess Polly has grown via social media. READ MORE
Amazon bases 'Just Walk Out' on AI innovation
Amazon has recently explained how artificial intelligence, along with proprietary computer vision and machine learning technology make its Just Walk Out autonomous checkout solution possible.
What we are reading