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Poshmark to exit Australia to focus on core markets

Inside Retail

Founded in 2011, Poshmark is a social commerce marketplace where users can buy and sell new and secondhand fashion, home goods, and electronics. The California-based company was acquired by South Korean e-commerce company, Line’s parent Naver, for US$1.2 billion last year.

Marketing 263
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Abercrombie & Fitch reinvents Gilly Hicks as gender-inclusive Gen Z brand

Inside Retail

From its global reintroduction in 2017, to last year’s addition of our highly successful Gilly Go activewear line, to providing matching underwear, loungewear and activewear that can be worn by all genders – the brand has continued to evolve to best meet our customers’ needs,” she said. “The New store concept. Image: Robert Stockdill.

Concept 246
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Central Group snaps up KaDeWe’s remaining assets. What’s next?

Inside Retail

On the other hand, El Corte Inglés, which recently announced that it had growing top and bottom lines, decided to close off stores that it did not own to reduce rent pressure and avoid being dependent on third parties.”

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How two sisters created Francesca Jewellery from a Tasmanian market stall

Inside Retail

A beading class in the rural town of Hawksnest, NSW, was the catalyst for sisters Rachel Vasieck and Hanna Vasieck to launch their on-trend designer jewellery label Francesca Jewellery in 2011. IR: What advice would you give someone who wants to get into your line of work? RV: Teach yourself everything.

Marketing 279
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As France weighs fast-fashion ban, is the circular economy the future of retail?

Inside Retail

Country Road was one of the first major fashion retailers to dip its toe in circular fashion working with the Red Cross via the Fashion Trade concept since 2011 where customers receive a $10 gift voucher when they donate pre-loved Country Road items. Review your sustainability strategies. Well, some are already tapping into this trend.

Fashion 162
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‘An exciting way to test a new market’: More fashion brands turn to rental

Inside Retail

So we decided to build a new service line that allows us to provide other brands the ability to offer a rental solution to their customers, but powered by our platform. The online clothing rental market has come a long way since platforms like GlamCorner and US market leader Rent the Runway launched in 2011 and 2009, respectively.

Fashion 246
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Analysis: Myer’s latest trading update raises key question about Premier deal

Inside Retail

Myer acquired a 65 per cent stake in Sass & Bide in 2011 and bought the remaining shares three years later. However, the bottom line is that Wirth’s merger proposal is not without risks and may take a lot of sweet talking to get analysts and investors supportive, let alone enthused.