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While retailers have had their heads down trying to decipher which Generative AI technology will increase operational efficiency, it has become apparent that consumers, too, have an appetite for AI. Since the launch of Alexa in 2014consumers have warmed up to the idea of interacting with smart appliances.
When you think about the types of businesses millennials and Gen Z consumers frequent, apparel or beauty brands may come to mind first, but what about home goods? Research shows that millennials make up an increasingly large part of the consumer base for home goods and furnishings, which includes products ranging from bedspreads to furniture.
Craft distillery Archie Rose has launched Tailored Spirits Live, a unique pop-up activation where consumers can customise their own gin or whisky. Established in 2014 by Will Edwards, Archie Rose Distilling Co is a Sydney-based craft distillery known for its range of spirits, including gin, vodka, whisky, and rum.
Starting with a single sneaker launch in 2014, the brand has expanded into other retail categories, including outerwear, streetwear and accessories to become a lifestyle brand for all ages — from children barely old enough to pronounce the name of the business to veteran fashion consumers. AJ: It’s been incredible.
Flora & Fauna (F&F) founder and CEO Julie Mathers has resigned from the eco-friendly online retail business she started in 2014 and sold to beauty and wellness business BWX less than a year ago. Mathers started Flora & Fauna in 2014 to help people make better choices for the planet. A model for purpose-driven leadership.
Overseas secret Ksubi sauce After a colourful few years operating in Australia, where its internal workings became quite public, Ksubi focused on growing the streetwear brand overseas and gained a cult following of celebrities, tastemakers and loyal consumers.
Founded in 2014 in the South Melbourne Markets, Ena Pelly currently operates a direct-to-consumer website and 90 stockists around Australia, and is sold at David Jones and The Iconic. The collection is the result of three successful collaborations with Enright, the recently appointed EP Athleisure creative director.
Prior to Retail Zoo, Adamantem’s previous retail and consumer products investments include processed meats producer Hellers, professional sustainable haircare company NAK Hair, and horse feed and supplements manufacturer Hygain. Bain Captial bought a major stake in Retail Zoo in 2014 for about $185 million from The Riverside Company.
Copper Branch, which was founded in Montreal in 2014 and now has 50 locations in markets including Quebec, Ontario, Alberta, and the US. Another sustainable food company, Impossible Foods , is looking to expand in the Asian market as consumer demand for sustainable food rises and environmental effect awareness increases.
Sloomoo Institute sells slime kits and subscription boxes online, but about 80 per cent of its revenue comes from ticket sales to its interactive playgrounds where consumers can customise and play with slime in real life. However, that didn’t deter them from moving forward with their mission to bring the healing power of slime to people.
Since joining H&M in 2014, Li has worked her way through several different roles at the Swedish-born accessories and apparel brand, including merchandising, store development and e-commerce, to her job as head of customer activation and marketing for H&M Americas. Professionally, that is something that I just really enjoy as well.
The effort carries significant weight at Amazon, which has plowed billions of dollars into Alexa since its launch in 2014 in the hope of putting the service into a range of devices and ultimately driving sales on its main e-commerce website. That contrasts with the current iteration which generally handles only a single request at a time.
After taking full control of the business in September 2014, Woolworth bought Politix two years later. Our businesses in Australia and New Zealand continued their positive momentum, notwithstanding the increased inflationary pressures faced by consumers during the period,” the company said in a filing. per cent for the prior period.
When Anchorage Capital Partners bought Brand Collective from its previous owner Pacific Brands in 2014, “it was an unloved, unprofitable, orphan company within a large public company”, he told Inside Retail.
In 2014, German sportswear juggernaut Adidas approached the Brazilian company about a collaboration. But what is behind the US consumers love for this Brazilian brand? It all began with Adidas Farm Rio CEO Fabio Barreto told Inside Retail that the idea for international expansion began with a unique brand partnership.
billion that Woolworths Holdings paid for the business in 2014, though the sale to Anchorage does not include David Jones’ recently revamped Bourke Street flagship store, which is valued at around $250 million. In 2014, the firm bought a then-unprofitable Brand Collective from Pacific Brands. That is a fraction of the $2.1
How much do consumers spend? “There is enormous demand among Chinese consumers for products and services that improve their lifestyles and facilitate self-expression,” Cooke said. The idea for Singles Day had originated at China’s Nanjing University back in 1993 and was originally called “Bachelor’s Day.”
Armed with fresh knowledge of the beauty industry, he quit the role in 2014 and created his first business, a tiny design agency that created floral designs for corporate clients, specialising in events and gifts. So, in that case, Documents…is not a big consumer brand in China.
The slowdown adds to challenges facing China’s e-commerce giant, which has enjoyed double-digit revenue growth almost every quarter since it went public in 2014, as it navigates Beijing’s crackdown on tech companies as well as its scrutiny of founder Jack Ma. per cent higher in early US trading. . ” Revenue stood at US$30.43
One industry expert pointed to South African-owned Woolworths Holdings acquisition of David Jones in 2014 for $2 billion, only to sell it for about $100 million to Anchorage Capital Partners in 2022. The question I would always have for a board is, what is the benefit to the consumer?
Th e store , whic h firs t opene d i n 2014 , span s ove r 50,00 0 sq. A s customer s retur n t o hig h stree t thi s summer , Sport s Direct’ s flagshi p stor e wil l feature curate d activatio n space s an d interactiv e experience s fo r consumer s t o explore. an d wil l b e th e pinnacl e o f Sport s Direct’ s retai l offering.
In 2014, the brand crowdfunded its initial concept on Kickstarter, in which consumers essentially fund a product’s creation, and get a product out of it at the end. For fellow Memobottle co-founder Jonathan Byrt, it’s the right time for the business to explore new avenues and give customers a piece of its success while doing so.
The platform originated as a ‘private’ Facebook group in 2014 by Brooke Marks who was looking for a peer-to-peer marketplace to buy and sell her unwanted luxury designer items. The integration of AI technology is set to create consumer trust in an industry that has been hard to both regulate and scale. Enter the High End app.
Two friends, Sam Carson and Ben Day, launched Acai Brothers in 2014 – Day has since left the business. Our freshness gives us a competitive advantage and we are proving consumers like it.” “The restaurant sites will be different to our burger or noodle brand locations,” Lee said.
Founded in 2014, the brand says the new brick-and-mortar store acts as an “extension” of its online presence, giving customers an opportunity to shop retail exclusives in signature KTL styles coupled with regular events like late-night shopping and VIP product launches. Image source: Supplied.
A turnaround program was set in motion in 2014, focused on cost-cutting and trendier merchandise that abandoned its logo-centric designs to a certain extent. Most visible, however, was the decision to discontinue its sexualised marketing as consumer preferences had clearly moved on. Repositioning to cater to older crowd.
The shifts we’ve observed [in the collectables market] were influenced by a combination of global events and changing consumer behaviors. Now, they are adult consumers with disposable incomes to spend on beloved childhood pastimes. The pandemic certainly played a role, as people sought solace in nostalgic hobbies.
All that combines to shift the mindset of consumers to what we call ‘mindful consumption’. Last month, the department store reported its highest interim profit since 2014. And we predict the influence of the mindful consumer will last for a long period of time. But the effects on people’s wallets will be felt for months to come.
A group called Bleach stepped in and picked up their debt and ran the business until 2014. All the while, General Pants was Ksubi’s biggest account, so when the second iteration of the brand ultimately went into administration in 2014, General Pants took over running the brand. In 2008, they actually went into administration.
It moved into a larger warehouse in 2014 and by 2018, it was shipping 30,000 parcels per day. But the damage done to consumer confidence has driven business to its competitors. He initially ran Booktopia as an out-of-hours pursuit, with $10 per day to invest from the family business. By 2020 , Booktopia was listed on the ASX.
Blogs, forums and other digital communities emerged, where consumers would connect over their love of products, share beauty secrets and seek advice from other ‘real women’, taking the power away from brands who struggled to dictate the narrative around ‘what beauty should be’.
Founded by then-21-year-old Cami Téllez in 2019, Parade was initially created to fill a gap in the market for stylish and size-inclusive bras and underwear for Gen Z consumers. In January, P&G Beauty acquired Mielle Organics, a textured haircare brand founded by husband and wife team Melvin and Monique Rodriguez in 2014.
Dr Abas Mirzaei, a marketing lecturer at Macquarie University, told Inside Retail that “Woolworths is a household name, where consumers are exposed to the brand cues on a daily basis.” But will it lead to widespread industry change, or dissuade other retailers from speaking out about January 26?
The collaboration follows a rebuild for DVF following Covid-19 restrictions – where the brand was on the verge of bankruptcy – with the eponymous founder, Diane von Furstenberg, explaining in a recent interview that it had slimmed its operations down from $500 million in retail volume to $130 million, between 2014 and present-day.
Cheston’s move to Lovisa is notable given the jewellery chain is owned by Australian billionaire Brett Blundy, who recently appointed Mark McInnes, the former CEO of Premier Retail, to the newly formed role of global chief executive of retail and consumer at his investment firm, BBRC.
Her struggles to launch the product inspired the creation of product sourcing marketplace RangeMe in 2014, a place where retailers can discover emerging suppliers and products. They are realising the need for innovation and discovery of new suppliers for consumers,” she said. Growth of private label.
Founded by Albin Johansson and Max Svardh in 2014, the brand is known for its refined aesthetic and well-crafted products. We spoke directly to these consumers, asking them what styles and colourways they wanted, which we made for them in the next run. IR: Axel Arigato was first launched in 2014 and recently hit its 10-year mark.
A decade after making its debut in Vietnam, Japanese retail giant Aeon is making a move into regional towns, armed with 10 years of data about local consumer behaviour and a renewed commitment to what is now its second-largest international market.
This is how consumers are evolving and we want to meet them where they are and we strive to make the shopping experience as cohesive as possible. LF: We opened our first Australian boutique in 2014 in Melbourne’s Emporium, and our local footprint has since expanded to 10 stores across Australia and New Zealand.
Nothing replaces delivering on brand promise As obvious as it may sound, we have seen many brands take the concept of “delivering on brand promise” for granted, assuming they can win over consumers’ hearts and wallets through shortcuts.
To be unique, you can’t get that at the mall, but young consumers are seeing the advantage of the contemporary vintage market as a place where you can find garments that express yourself, while being economical and environmentally conscious,” Graham Wetzbarger, founder and CEO of Luxury Appraisals and Authentication, told Inside Retail.
Anchorage struck gold with the $20 million acquisition of the Dick Smith consumer electronics chain from Woolworths Group in November 2012. Woolworths had written off more than $420 million restructuring the business, which was Australia’s largest consumer electronics chain by store count.
. $2 million owed to restaurant-tech platform Liven While inflation and gloomy consumer spending patterns are familiar to struggling restaurants, Calia’s relationship with restaurant-tech platform Liven appears to be a complicating factor in the administration process.
Australian knitwear brand Mia Fratino is on a mission to disrupt the fashion industry and change for the better the way stores – and consumers – buy clothes. They sold the business in 2014, and I was approached by Tim Fitzpatrick, who was actually a competitor – his family had an operation in Sydney – and we joined forces.
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