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The evolution of once seemingly functional items, such as luggage, shoes and the humble water bottle, into status symbols, has led particular brands to develop cult followings and created opportunities for new products and services that cater to these consumer obsessions. The #airportoutfit has amassed over 690.3 I know what I want.
While Rolex is an internationally recognised brand, Bucherer isn’t as well known outside of Europe and the US, and operates in a highly homogenised luxury and jewellery retail market. “I It’s driving customers into a dark secondary market, where they risk buying a lemon, or, worse, a fake,” he stressed.
Webjet is facing legal proceedings for allegedly misrepresenting the minimum price of airfares on its app, email marketing, and social media posts. The ACCC also alleges that Webjet breached consumer law by sending a booking confirmation message after taking payment from customers, but the company failed to book the flight with the airline.
By using future-focused insights, retailing marketers can evolve their strategies to stay abreast of change. A marketer’s crystal ball? No matter the position your brand or business holds in the market, foresight tools are designed to support you in building on your goals. Foresight does not require a belief in astrology.
According to the most recent For Love or Money 2021 report, published by The Point of Loyalty, while 88 per cent of Australians are a part of at least one loyalty program, only 43 per cent actively used them (at least once) in 2021 – a far cry from the 53 per cent recorded in 2018. this brand speaks to me).
In the past few years, the lab-grown diamond market has grown exponentially. billion in 2021, according to global research and consulting firm Allied Market Research, it is expected to reach US$55.6 The downfall derived from months of lowered consumer demand, lowered average selling prices, and increased expenses. per cent.
As well as Outlier Ventures extensive network of industry experts and services including in-house operational, legal, commercial, marketing, and token model support. Some global brands have recognised that the goal is not to conquer all, but to make a bigger consumer pie together, one that supports immersive and blended experiences.
Mexican restaurant chain, Mad Mex, has acquired back the 50 per cent ownership from its Singapore-based venture partner, 4Fingers International, shifting focus to its home market. In 2018, 4Fingers bought 50 per cent of Mad Mex as part of the Australian Mexican quick-service restaurant brand’s expansion into Asia.
The Retail Food Group (RFG) will pay $5 million to some franchisees of Michel Patisserie stores as part of a court-enforceable undertaking that settles the unconscionable conduct proceedings brought by the Australian Competition and Consumer Commission (ACCC). Michel’s marketing fund. Waiving historical debts.
The Retail Food Group (RFG) will pay $5 million to some franchisees of Michel Patisserie stores as part of a court-enforceable undertaking that settles the unconscionable conduct proceedings brought by the Australian Competition and Consumer Commission (ACCC). Michel’s marketing fund. Waiving historical debts.
Just Beatnik it James Chan, head of marketing at Reebok, told Inside Retail , “Reebok Australia’s brand strategy centres on positioning as the leading irreverent sports brand.” Successful collaborations can significantly expand a brand’s reach into diverse markets and customer demographics.
Chinese fashion company Shein is significantly ramping up its marketing efforts in South Korea to capitalise on the country’s burgeoning e-commerce sector. The number also positioned the company as the fourth-largest in the domestic market after Coupang, 11Street and AliExpress, according to Business Korea. According to data.ai
South Korea’s beauty conglomerate Amorepacific announced at its recent Investor Day that it is shifting focus from China to the US and European markets while seeking new brand acquisitions. China, which generated half of the company’s Asian revenue in 2023, has diminished as a key market. billion won (US$85.3
Since its founding, Mingle has enjoyed a series of magic marketing moments that have helped catapult the brand into supermarket aisles and consumer pantries. Simultaneously, Evans focussed on building an e-commerce shopfront and social media profiles that could capture prospective customers from word-of-mouth marketing. “I
When Inside Retail spoke with current CEO Craig King back in 2018 it was established that the company was scouting for CBD locations in both Melbourne and Sydney. It comes as the brand plans to open new stores in Sydney and Melbourne in early 2024. Ksubi’s return to operating stand-alone stores in Australia has been a long time coming.
As the quality of living and workers’ wages reached new heights, Western brands spotted a golden opportunity and raced to set up shop in the East to reach China’s 1 billion consumers (and counting). These brands, often unique or even unknown to the market, satisfied the desire for individuality. Chinese sportswear company Li-Ning.
While the subject of cannabis legalisation still divides countries around the world, there is no denying the influence that legal cannabis products are having on retail and consumer goods. According to Grand View Research, the global cannabidiol (CBD) market size was valued at US$2.8 per cent from 2021 to 2028.
Despite launching an e-commerce site and new look stores in mid-2018, the Healthy Life franchise struggled to make an impact on consumers. Booming market. Consumers have always had a need for health products but the market has been cluttered and has lacked differentiation.
After all consumers still need to eat and drink,” Thao said. Coffee sales have been on the rise, especially with our consumer packaged goods segment. The ‘new normal’ with the work-from-home set up led to more consumer purchase of our instant coffee range, from the supermarkets as well as online.”.
Akeroyd, who took over in April, will present his strategy alongside first-half results that will show the lingering impact of lockdown restrictions in China, Burberry’s biggest market. He has already made his key appointment in choosing Daniel Lee to replace Riccardo Tisci as chief designer at the 166-year-old label.
India’s beauty and personal care market is projected to reach US$21 billion in 2025, and the rising adoption of online shopping and greater product penetration in secondary cities are also contributing to the market’s enlargement. Consumers are at the heart of all we do.
Azura Fashion Group was born out of the uproar caused by Burberry’s revelation in 2018 that it had destroyed millions of dollars worth of excess stock, rather than sell it at a discounted price, to protect its brand image. Over the years, Azura Fashion Group has turned to the secondhand market to sell items that are returned.
Sepel, a clinical nutritionist by trade, launched JSHealth in 2018 alongside her husband Dean, as co-founder and CEO. The products have proven popular not only with consumers but with celebrities from J.Lo The vitamins business is sold direct-to-consumer online and through some boutique bricks and mortar retailers in Australia.
It is also the only country where mulesing occurs after New Zealand banned the practice in 2018. With so many brands ditching mulesed wool by 2025 or 2030, it is a strong market signal that the days of mulesing lambs are numbered,” Dolphin said.
Southeast Asia, a region with a collective population of 630 million – half of them under 30 – is one of TikTok’s biggest markets in terms of user numbers. Chew said TikTok has 8,000 employees in Southeast Asia, and 2 million small vendors selling their wares on its platform in Indonesia, the region’s biggest economy.
While Oroton is the first brand in Australia to bring Zero10’s smart mirrors to market, other brands have been experimenting with similar technologies. Recently, The Party People launched its own ‘try-on’ mirrors in time for Halloween, and, back in 2018, Seafolly tried its hand at smart mirrors in its change rooms.
Less than five years ago, many consumers wouldn’t have heard of buy now pay later (BNPL). per cent in September 2018,” said Roy Morgan CEO Michele Levine in a statement. We take a look at some of the fascinating consumer shifts around BNPL that have happened in the retail landscape lately. Trust and the consumer.
After a year of disrupted ski seasons in both the northern and southern hemispheres due to Covid-19, snow gear brands are bracing for a big winter in Australia and New Zealand, as consumers hit the slopes in the largely Covid-free countries. The China market will be really busy this upcoming winter because of the Olympics,” Pompilio said. “We
Speaking from the opening today, Australian retail expert and QUT professor of marketing Gary Mortimer told Inside Retail about the “highly curated range”. The big thing I’m seeing here is a massive amount of collaborative marketing. Mortimer believes Coles will continue to grow both formats to cater to varying consumer needs. “On
Launched in 2018, Subtl Beauty is built around the idea of having all your makeup essentials — like concealer, blush, and powder — in one easy-to-use stack, or ‘stak’, as the brand dubs its hero product, rather than carrying around a bulky slew of items. RR: Trust your gut.
Following its launch in Australia in 2016, Danish retail group Bestseller has firmly entrenched its presence in the retail market, with the company making strides in its sustainability and circularity initiatives. Since launching the brand in 2018 in Australia and New Zealand, we’ve seen over 200 per cent increase in sales. [It]
Life partners and Youswim co-founders Elise Wallbank and Julian Tali launched the UK-based brand Youswim in 2018 to forever change size inclusivity and modernise sustainability in the swimwear market. IR : How does Youswim stand out from competitors in the market? I love that our team feels like a family.
The amount of natural resources consumed and waste produced is snowballing. And let’s not forget the power of consumers. These online, direct-to-consumer brands exploded in popularity during lockdowns, with Shein holding the title of the world’s most popular brand in 2020. billion in 2018. Cheap clothing at what cost?
It was a high-profile signal that with the easing of Covid-related outdoor movement restrictions, the market for athletic footwear and apparel in China is set to get a huge shot in the arm. Chinese nationalism is on the rise, with an accompanying disdain among a broad swathe of consumers for foreign products.
It’s no secret that a large portion of retail spending is driven by consumers’ desire to look and feel as attractive as possible. Two segments in particular that benefit from this deep-seated aspiration are the cosmetics and skincare industry and the oral care market. billion by the end of 2024. billion by the end of 2024.
Attractive market Geo Holding, the parent company of secondhand clothing retailer 2nd Street, reported strong sales performance in its latest financial statement. Ogasawara added: Contemporary products tend to be popular across luxury secondhand markets. billion yen (US$5.4 billion) and accounted for 28.2 billion yen (US$5.4
Litmus Retail Group has partnered with Myer on a physical showroom concept that will enable the department store to display big and bulky products, such as treadmills, e-scooters and stand-up desks, and track how consumers are engaging with them to inform future buying decisions. Digitally led showrooms.
Summarising industry projections from various sources, Citi sees “low to mid-single digit global PC market growth by value in 2024. That drought appeared to break already in the first quarter: according to PC market research firm Canalys, shipments of desktops and notebooks were up 3.2 per cent year-on-year in the first quarter, to 57.2
Consumers’ willingness to drop hundreds of dollars on the latest releases from Nike, Adidas, Yeezy and other hyped-up brands is fuelling the growth of premium sneaker and streetwear retailer Subtype, which is set to open its fifth bricks-and-mortar store on November 20. The global sneaker market is expected to generate US$66.3
Woolworths Group introduced a Gender Affirmation Policy and supports in 2018 and has been awarded Gold Tier status in the Australian Workplace Equality Index (AWEI) for LGTBQ+ inclusion for the last three years. The same goes for consumers. “I Employees that don’t require such supports are also likely to appreciate the gesture.
To reach this vision, the shape of the market, society, and our environment will go through several key shifts. The International Longevity Centre notes that “retailers could thrive, not just survive, if they innovate to adapt to more older consumers”. Connected sustainability. Data management meets emotional intelligence.
From one analyst’s perspective, the Australian mergers and acquisitions landscape is considered to be relatively subdued, but there are signs that confidence in the market is returning. billion after the share market closed on June 7. He added that “even if [the company does not go public], the market won’t be down forever,” he said.
“Other than playing an active role in reducing our environmental footprint, sustainable store design will increase the brand’s credibility in the eyes of the modern, mindful consumer and also saves money in the long-term with lesser consumption of energy and waste,” a Takashimaya spokesperson said.
In the touristy Saint-Ouen flea market, not far from the Stade de France where athletes will compete in this summer’s Paris Olympics, police officers swarmed in at dawn on April 3 and shut down 11 stores selling counterfeit bags and shoes. Fake fashion is big business. billion euros (US$1.83 Last year, customs seized 20.5
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