The Iconic, Reebok and Forever New reveal lessons in leadership
By Imogen Bailey | 5 March 2021
For many retail leaders, 2020 will be a year they look back on with mixed feelings.
The $340 billion Australian retail sector and its 1.2 million employees had to rapidly adapt to locked-down stores, booming eCommerce sales and a work-from-home model to survive the storm.
The pandemic’s impact on retail can’t be understated – following the panic buying in March, the ABS reported a rise in retail turnover to 8.5% which was followed by a 17.7% fall in April.
The up and down trend continued, with the fashion sector taking a dive in April, followed by some steady rises, to end up declining again by 10.5% in August.
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Forever-new
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