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Yum China’s winning formula: Lower-tier cities as key markets

Inside Retail

Despite a challenging environment and value-minded consumers, our efforts have led to eight consecutive quarters of positive transaction growth, Wat added. Yum China, which spun off from Yum Brands in 2016, operates six restaurant chains in about 2200 towns and cities in China, employing around 400,000 people.

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Why Dutch-style bike brand Lekker is embracing e-bikes and retail partners

Inside Retail

It is removing all non-electric bikes from its offering and reversing course on its direct-to-consumer strategy as it looks to expand its market share. Localised design Lekker adapted the build of its product offering to suit the Australian market and consumer preferences which contrast with the European markets. “We

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L’Oreal Group ANZ appoints Alex Davison as its new CEO 

Inside Retail

“This aligns with my personal leadership values and I’m looking forward to working with the team as we build brands tailored for Australian and New Zealand consumers, and a business focused on sustainability and diversity,” said Davison.

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How luxury brands leverage culture and digital platforms to drive engagement

Inside Retail

As Chinese consumer spending on personal luxury goods continues to surge, luxury brands are turning to cultural events like Lunar New Year to enhance their appeal and captivate a growing market. According to Euromonitor research, Chinese consumer spending on luxury goods is projected to reach a staggering $88 billion by 2028.

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Business Growth through Digital Transformation: The Case of Premium and Luxury Brands

Retail Focus

In a world where consumers’ behaviours, expectations, and preferences are rapidly changing, premium and luxury brands are faced with a unique challenge – how to preserve their identity and exclusivity while adapting to the digital age (Purwar 2019).

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Innovative Services You Can Offer In Your New Retail Pharmacy

RetailMinded

Point-of-Care Testing and Clinical Services The COVID-19 pandemic accelerated consumer comfort with receiving clinical services in pharmacy settings. According to News-Medical, between 2016 and 2019, researchers analyzed data from 46 pharmacies, encompassing 175 pharmacists across diverse retail settings.

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“It’s the right time to open some stores”: Ksubi CEO Craig King

Inside Retail

We also opened stand-alone stores in Los Angeles and New York in 2016 and 2017. The direct-to-consumer part of the business is the strongest and the fastest-growing now. IR: And in doing so, you’ve been able to reach consumers who aren’t necessarily aware of the Ksubi brand? CK: It’s 100 per cent a growth opportunity as well.

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