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On this episode of Talking Shop, we're joined by Dan Cate, CEO and Founder of SoldThrough. Dan is a heavyweight retail executive who has spent decades steering the merchandising and digital operations of America’s most iconic retail institutions, from Saks Fifth Avenue and Bloomingdale’s to Century 21 and Lord & Taylor. Today, through his platform SoldThrough, Dan helps international fashion brands cross the Atlantic and crack the notoriously brutal U.S. retail landscape. We break down his journey from the shop floor to the C-suite, the operational indicators that prove a brand is truly ready for international expansion, and how to navigate a fragmented American market without destroying your margins. We also discuss how to balance localised inventory with central efficiency, and the one non-negotiable metric that tells you a product has found genuine market fit.

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Wesfarmer, which owns DIY stores Homebase and Bunnings, has revealed profits for the second half of 2017 were down by 86.6%.

Wesfarmers said that five loss-making Homebase branches were closed between July and December 2017, but it added it was hopeful business would improve during the UK spring and summer.

The group bought Homebase in February 2017, with a proposed plan to turn most existing stores into Bunnings properties.

Rob Scott, Wesfarmers managing director, said: “The loss for the half reflected continued trading and execution challenges as a result of the rapid repositioning of Homebase following the acquisition.

“The management team has been strengthened and a review is underway to identify the actions required to improve shareholder returns.”

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