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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.
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.
Upon completion of the deal, Retail Zoo’s new investment partner will own a majority of the business and partner with the existing management team led by Nishad Alani, CEO of Retail Zoo. “We Bain Captial bought a major stake in Retail Zoo in 2014 for about $185 million from The Riverside Company.
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.
Lee is confident in the company’s capacity to manage Acai Brothers’ future. Two friends, Sam Carson and Ben Day, launched Acai Brothers in 2014 – Day has since left the business. After the Concept Eight acquisition, Carson will become the brand’s general manager. They did a fabulous job getting it off the ground,” Lee said.
Between her background in event-planning and hospitality, and Robinovitz’s background in the world of journalism, public relations, and influencer management as the co-founder and former CEO of digital influencer management company Digital Brand Architects, their professional backgrounds create a highly effective Venn diagram of skill sets.
I think bringing on 600 or 700 smaller stores only dilutes management focus, he added. At the same time, he noted that Myer must now successfully manage hundreds of independent retail stores of mature brands in a country that, like all other Western developed countries, is under siege from the Amazons.
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. How involved will Anchorage be in the management of David Jones going forward? That is a fraction of the $2.1 Cautionary tale.
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 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
Lovisa’s announcement earlier this month that John Cheston will leave Smiggle to become its new CEO and managing director next June marks the latest departure of a senior leader from Premier Investments. US-based Herrero succeeded Shane Fallscheer, a co-founder and former managing director of Lovisa. million business to a $319.8
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.
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.
It moved into a larger warehouse in 2014 and by 2018, it was shipping 30,000 parcels per day. Booktopia touted its predictive sales algorithm as a competitive advantage that allowed the business to manage stock levels and allocate advertising spend by monitoring and forecasting product demand in real time.
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.
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?
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.
According to Andrew Kinsella, brand manager at Skechers, the collection is designed to resonate with “the woman on the go [who] wants convenience and style wrapped up in one.” per cent increase in direct-to-consumer sales. It follows DVF’s partnership with H&M , which launched in 2021, and also featured the lips print.
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.
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.
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.
Kelly Miller, general manager of retail at Mirvac, said the partnership will provide opportunities to bring digital and physical communities together. “As Neill’s background is telecommunications but she said the idea for Mys Tyler had been brewing since 2014, when she was living in New York. Solving the $1 trillion ‘fit’ problem.
Co-founded in 2014 by David Wei and Ivan Lim, the brand was an official partner of this year’s Melbourne Food and Wine Festival, and experienced rapid growth throughout the pandemic. For a company like Brosa, its [brand image] and inventory profile might have been challenging to manage.
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.
Bunnings Managing Director Mike Schneider said the business welcomes the decision, and that providing its New Zealand customers with value is at the heart of what it does. “This case stemmed from Mitre 10 filing a complaint with the NZCC and relates to advertising in the market in 2014 to 2016.
Martin Wood, who joined Cartology last year from oOh Media, has been promoted to head of Strategic Partnerships and Matt Gower, former head of Research at News Corp, has joined the business as senior manager of Research and Insights. Donna James, managing director at Lardon & Associates LLC, will be the new chair.
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.
The relationship between Barbie and fashion came full circle in 2014, when “Jeremy Scott for Moschino did a Barbie collection and sent his models down the runway in Barbie pink with huge blonde hair,” Brayshaw said. Our consumers are fans, looking to enjoy our brands in categories like apparel and homewares. Source: Mattel.
As consumers have tightened their wallets, they have become more selective. As Liz Webster, a management consulting partner for Grant Thornton Australia, pointed out, it’s usually more of a slow burn. However, this could depend on Advent’s ability to ensure stability at the management level.
Toby Tait, Director Asset Management at Hammerson, said: “ Birmingham has the largest number of under 25’s in any major city in Europe and this is a consumer group we are continually looking to engage with in new ways, from events and innovative experiences to cool new brands. Opening in the centre is a huge milestone for KENJI.”.
per cent of the brand’s purchases at its five directly managed stores. In 2014, the companies merged to form Japan Blue Co, which manufactures and sells denim products, as well as design, manufacture, and sell denim and cotton textiles. “The “They account for 48.5
While the luxury sector remains uncertain as Chinese consumer demand slows, industry experts think Burberry’s staggering performance indicates deeper, systemic issues within the brand. It is all very well having a new brand vision: but you need to take consumers with you on that journey,” Saunders added. What has gone wrong?
Even if only a fraction of these users convert into consumers, it spells immense profitability for retail brands. This is precisely what direct-to-consumer (DTC) brands have been capitalising on in recent years. Technological innovations have streamlined supply-chain management and warehouse operations. billion in investments.
SurfStitch managing director Justin Hillberg steps down. Justin Hillberg, managing director of shared services at SurfStitch-owner Alquemie Group, is stepping down from his role leading the surf brand’s restructure at the end of this week. PepsiCo Australia and NZ welcomes new CEO from US business.
For many brands, such as Abercrombie & Fitch, which was run by CEO Mike Jeffries until 2014, a scandal involving a CEO can result in total financial ruin. The consequences don’t stop at daily dips in share prices that eventually recover. Personal branding: for better or worse. She is expected to appeal.
Carver is a consumer-first leader who brings more than a decade of leadership at Converse. Fagnani will remain responsible for NGG++, the division within New Guards Group (NGG) that manages the Reebok business. NGG manages the design, production and distribution for global brands, including Palm Angels, Off-White and Reebok.
At the time, Abercrombie & Fitch was still struggling to find its footing following the exit of CEO Michael Jeffries, who stepped down in December 2014 after 11 consecutive quarters of sales decline. Abercrombie & Fitch Co’s portfolio includes Abercrombie & Fitch, Abercrombie Kids, Hollister and Gilly Hicksin.
After withdrawing its sales and earnings forecasts for the fiscal year 2022, grill-maker Weber announced its chief executive officer Chris Scherzinger would be departing from his roles on the management team and the board of directors, and that the search for a new permanent CEO would commence immediately. JD Sports expected to name new CEO.
million in 2014, the retailer suffered from years of declining foot traffic and was placed into liquidation at the end of 2020. . It’s my view that consumers today and in the future will turn to a marketplace where they can rely on the quality of the suppliers, products and experience, with the marketplace itself as a layer of curation.”
The expansion of the health aisle comes as ‘Sports & Diet’ was identified as the fastest growing segment of Coles’ health foods aisle between 2014 and 2019, and customer demand is continuing to grow. Coles Perform has a cleaner, shorter ingredient list so you know exactly what you’re consuming [only the key beneficial ingredients].
The expansion of the health aisle comes as ‘Sports & Diet’ was identified as the fastest growing segment of Coles’ health foods aisle between 2014 and 2019, and customer demand is continuing to grow. Coles Perform has a cleaner, shorter ingredient list so you know exactly what you’re consuming [only the key beneficial ingredients].
She was CEO from 2010 to 2014. BWX Limited has appointed Rory Gration as the Group’s new chief executive and managing director effective 1 March, 2022. Noble worked with McDonald’s for 31 years, expanding its network across the region, and focusing on product development, customer advocacy and working with franchisees.
Richard Murray has been the CEO of Australian electronics giant JB Hi-Fi since 2014, but this week, he has left the electronics company to become CEO at retail business Premier Investments, parent company of Just Group, Smiggle and Peter Alexander. . I thought it would be a good opportunity to try a different type of retail. Then by 8.30-9am,
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