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Myer guidance suggests modest sales growth amid economic challenges

Myer Holdings has released a trading update and guidance on its expected results for the 26-week period ended 27 January 2024 (1H24). The company reported a marginal 0.1% increase in Group Comparable Sales compared to 1H23, reflecting the strength of its improved customer value proposition under the Customer First Plan. However, Total Sales for 1H24 are expected to be down 3.0% on 1H23 to $1,829.1m, but still 13.8% higher than pre-Covid 1H20.

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Salesforce and Akcelo launch ‘Waild west saloon’ to demystify AI

Salesforce, in partnership with agency Akcelo, has launched a free interactive AI experience called ‘WAILD West Saloon’ at Waterman’s Cove in Barangaroo, Sydney. The pop-up installation, open daily from 11am-7pm from Tuesday 6th to Thursday 8th February 2024, is designed to encourage Australians to ask the right questions about AI and understand its potential.

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Metcash to acquire three businesses in strategic expansion plan

Metcash has announced its plans to acquire three businesses: Superior Food, Bianco Construction Supplies, and Alpine Truss. This move is expected to bolster Metcash’s growth strategy, diversify its portfolio, and provide the company with a stronger growth trajectory.

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Crown Resorts reshapes remits, appoints former Coles Liquor and Reece CMO as new group marketing chief as Keighery ditches Optus job for Qantas

Danielle Keighery’s last-minute backflip on joining Optus in favour of becoming the new group leader for corporate affairs at Qantas comes as her former employer, Crown Resorts, rounds out a major reshaping of its functional remits with new group executive GM of brand and marketing, Yolanda Uys. The former Coles Liquor, Reece, Cussons and Cadbury’s marketer takes the reins from Adam Ballesty, the former Domino’s and Diageo CMO who had joined Crown Resorts last April and helped execute the new brand platform, ‘Here’s where things get interesting’. Ballesty left before Christmas.

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Lessons from Dove’s Campaign for Real Beauty: Unilever marketers forgot product in ‘purpose’ mission; ESG now corporate ‘Voldemort’ but employee, stakeholder strategies a ‘massive opportunity’ for marketing influence in c-suite – Institute for Real Growth

50 Australian CMOs have just been briefed on a “massive opportunity” for marketers to increase influence and impact with executive leadership colleagues via ‘humanised growth’. How? By offering their strategy and insights nous to help build out divisional and all-of-company stakeholder-employee management blueprints and programs. But it’s crucial to avoid making those cross-departmental overtures appear a land-grab, says former Unilever marketer turned Institute for Real Growth (IRG) co-founder Marc de Swaan Arons. In town with the IRG’s latest study across 475 CEOs, CFOs, CCOs, CMOs and HR chiefs, he rejected the idea that marketers are too crunched by exploding remits to drive higher order value creation by breaking down silos – they have teams to do the tactical legwork, he suggests. He’s also scathing on misguided purpose and ESG, which has trapped his former employer in the past and is acquiring “Voldemort” status among boards. Corporate purpose, he says, is not social purpose – and is a cornerstone of the IRG’s five-point plan to drive ‘Humanised Growth’. The likes of Suncorp and CMO Mim Haysom, reckons de Swaan Arons, are nailing it. 

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