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Southeast Asia as key market We see Malaysia as a prime opportunity, given its status as one of Southeast Asia’s largest and most developed economies,” Mohammad A Baker, CEO of GMG, told Inside Retail. In 2022, GMG further strengthened its position by acquiring Nike-only stores from SUTL Corporation in Singapore and Malaysia.
Golden Goose aims to gain more market share in Australia by establishing a strong retail presence and building lasting community connections through new retail experiences. Inside Retail spoke with Mauro Maggioni, Golden Gooses Apac CEO, about how the business plans to grow its market share in the global US$39.91
The figure is a 12 per cent rise on the contribution in June 2022. The chain was listed by GapMaps as one of the fastest-growing QSR brands by store numbers this year Another 30 outlets, including drive-throughs, are in the plans for the Australian market. In the new US market GYG reported $6 million in network sales.
Global architecture, planning and design firm CallisonRTKL has released its Forecast 2022 report – looking at the accelerators, disruptors, and constants shaping the built retail environment in the year to come. In 2022, we will see physical retail environments simplify in-person transactions. Tempur-Pedic (New York City).
And some seven years on, much to the dismay of retailers, it is now starting to shake the tree and become a real force in the market , as Australian shoppers increasingly turn to alternatives to manage the cost-of-living crisis. billion in 2022. Amazon announced it posted over $3.1 million customers, reaching 7.9
Dutch fashion retailer Scotch & Soda is accelerating its global expansion plans with a total of 15 new brick-and-mortar stores and 12 shop-in-shops opening worldwide over the next six months. IR: How are you planning to grow the brand in Asia Pacific?
Following its store launch in Sydney earlier this year, Hong Kong-based tech accessories brand Casetify is planning to expand across Australia, as part of a larger goal of reaching 100 stores globally by 2025. The Sydney store followed the launch of its first permanent US store and four new stores across South Korea in 2022.
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.
Bastas’ DBG Group initially bought a 50 per cent in MCoBeauty in 2022, which AFR ‘s sources said was valued at least $500 million. It has taken market share from popular brands such as L’Oreal, Rimmel and Maybelline. It has taken market share from popular brands such as L’Oreal, Rimmel and Maybelline.
The rebranding is part of a $370 million, three-year transformation plan for the company which will see older stores revamped and an upgraded customer loyalty program. The post Woolworths plans $370 million rebrand, upgrade of its NZ store network appeared first on Inside Retail.
The pet centre will also have a small amount of retail space, where Walmart plans to sell its own private-label pet care brands. Nielsen IQ reported that over 110 million households purchasing pet products had an average value per buyer of US$680 at the end of 2022, representing a 10.7 And many of them have money to burn.
ISE 2022 returns with a vibrant and inspiring edition, a redesigned show floor and new demonstration areas guaranteed to enable exhibitors to ‘Rise Up. Exhibitors are signing up in significant numbers to take part in ISE 2022, the destination for world-class brands to showcase the latest technologies in pro AV. Ignite the Future.’.
According to Statista , the second-hand market’s value in Australia exceeded $60 billion in 2022, with 85 percent of Australian households having unused or unwanted items. The resale furniture market in particular appears to be experiencing a boom period. Buying seconds, first.
Customer experience LSKD has ‘audacious’ growth plans for the next few years and Shaughnessy is expected to play a key role in helping the brand create a unique in-store experience and ensuring the right products are stocked in each store. LSKD was recently named ‘Business of the Year’ in the 2024 Telstra Best of Business Awards.
This sentiment was also echoed by Emma Clegg, co-founder of Jam the label, whose runway at AFW 2022 broke the Melbourne-based brand into the fashion mainstream and put a necessary spotlight on ‘adaptive clothing’. According to Francisco, Ngali was planning to show its resort collection at AFW next year.
There are about 1600 possible product combinations, according to Felicity McGahan, group CEO of Strand, the 96-year-old Australian luggage chain that launched Nere in 2022. With most items priced under A$200, the brand is seeking to elevate travel for the mass-market consumer. “Everyone travels now,” McGahan told Inside Retail.
Non-physical marketing also limits some of the other key interactions D2C brands can have with their consumers, such as creating more impact around a ‘big news moment’, or having a physical platform to engage with your community plus the obvious brand building a physical store environment provides. 2 Pop-up location. 3 Optimal duration.
With 2022 as the first year of MAPIC’s fully-fledged return post-pandemic, the atmosphere has been optimistic and energetic, with people looking forward to the experience of in-person retail and interactions. Each year, MAPIC hosts some of the retail real estate industry’s largest leasing announcements—and 2022 was no different.
Parade was founded by Columbia University dropout Cami Téllez in 2019, with a purpose to disrupt the market and champion inclusivity, body positivity and sustainable manufacturing. It was valued at US$200 million in 2022.
Stuart and Samantha Cook launched the vegan fast-food brand amid rapid growth in the plant-based food market and had plans to franchise the chain. Plant-based fast food sector challenging Cook said the market has experienced “significant fluctuations”. However, the two Bondi stores were temporarily closed mid-2023. and a $2.4m
Frasers Group plc today announced plans for three more FLANNELS flagship stores. The plans will see FLANNELS flagships open in Leeds, Cardiff, and Gateshead, all upwards of 80,000 sq. The expansion plans will see significant investment from Frasers Group plc, with Leeds, Cardiff and Metrocentre flagships anticipated to open late 2023.
Woolworths Group has pulled the plug on plans to open a Dan Murphy’s store in Darwin after an independent panel ruled that the development should not go ahead. I’d speculate that we will be heading back into supermarket war territory shortly as the two big brands go head to head to claw back sales and maintain market position.
Ramadan continues to be a crucial shopping period across Southeast Asia, with evolving consumer behaviours and market dynamics shaping the retail landscape. According to the company, from 2022 to 2023, sales increased by 8 per cent, followed by an even stronger surge of 16 per cent from 2023 to 2024.
PDD Holdings’ Temu and Alibaba Group’s AliExpress have established themselves as formidable competitors through aggressive marketing campaigns. Industry analysts predict this will make 2025 Coupang’s most challenging year since it gained market dominance during the pandemic. In 2024, it generated $1.7
At IADS, we view India with great interest, believing it holds promise for this format, especially as many players are either entering or considering the market. Unlike emerging markets of the past, they already have significant exposure to global brands and hold high expectations for quality and service.
Attractive market Geo Holding, the parent company of secondhand clothing retailer 2nd Street, reported strong sales performance in its latest financial statement. per cent of Japans total secondhand industry in 2022. Ogasawara added: Contemporary products tend to be popular across luxury secondhand markets. billion yen (US$5.4
A prospective backdoor listing and a marriage of convenience have enlivened end of financial year stock market prognostications. A merger with Sigma Pharmaceuticals remains the preferred option for restructuring Chemist Warehouse but if that plan is quashed by regulators or Sigma shareholders there is a plan B.
Sydney-based gelato brand Gelatissimo is to enter the US market this year – and will accelerate its expansion plan in Australia. Global expansion is at the heart of our strategic plan for 2021/22,” said Filipe Barbosa, CEO at Gelatissimo, in a statement.
Instant delivery startup Milkrun unsuccessfully sought new investment on two occasions in 2022, The Australian reports, suggesting the sector is struggling to adapt with a rapidly changing economic environment. At the same time, the return of in-person shopping after Covid-19 restrictions bit into the sector’s lockdown-era market share.
Global plans for Chatime “I’m appreciative the team has set a good foundation with a runway ahead. A focus on market profitability in every market, creating a critical and sustainable model for every investor and shareholder. “We New market identification. Antonius will lead his new global team from the Sydney office.
The brand has more than 20 stores in its home market. Each composition tells a tale whether its the soothing calm of a tranquil tropical garden, the vibrant energy of bustling flower markets, or the meditative stillness of ancient temples. Further reading: Korean beauty industry giant Amorepacific charts new course in global markets.
Planning the treat me moments The Australian gift card industry is experiencing substantial growth with the total gift card market value expected to reach US$10.1 billion in 2028, up from $4.8 billion in 2020. This growth reflects new consumer behaviours, with gift cards becoming an integral part of daily life for Australians.
Additionally, GoTo stated it does not have any major corporate action plans in the next 12 months beyond share buybacks. Authorities in Indonesia, Singapore, and other key markets will likely scrutinise the merger for potential monopolistic practices. The company plans to invest $11.5 million this year for expansion.
According to market research firm Future Market Insights , the industry is valued at US$6.6 The increasing awareness of health concerns, largely brought about by the pandemic, paired with a growing interest in wellness products have created a market for patches that allow people to absorb vitamins through their skin.
Mango, one of Europe’s leading fashion groups, is accelerating its expansion in the United Kingdom with the opening of three new stores this autumn to bring the total to almost 50 by 2022, combining its physical presence in shopping centres with standalone stores and corners in department stores.
Australian consumer electronics giant JB Hi-Fi announced a major expansion of its New Zealand operations last week , unveiling plans to double its store count in the next three to five years. He revealed that JB Hi-Fi also plans to move its e-commerce site to the Shopify platform in the future.
South East Asia is an overall important market for us and the initial launches in neighbouring countries made Malaysia a natural market to enter into,” Mulholland told Inside Retail. The company will collaborate closely with its partners to tailor its product range to the Malaysian market.
The store “is one of a few strategic destinations planned for Europe in the next three years,” Maranda Barnes, chief commercial officer of V3 Gourmet, told Inside Retail. Rapid expansion The announcement of the opening of the Champs-Élysées store follows the launch of the Bacha Coffee boutique at the Ritz Paris in 2022.
MUJI aims to continue with the Community Market initiative to help local suppliers, small businesses and charities going forward. We have a great relationship with the Islington community, and CBRE IM has worked collaboratively with us to support our re-fit and community marketplans. Store opened August 2022.
According to the business, the UK could be a massive market for it: it’s ranked third worldwide by the number of online shoppers per capita, and has one of the most advanced e-commerce markets in Europe.
The planned law, similar to the European Union’s Digital Markets Act legislation, could make it easier for people to move among competing services, such as social media platforms, internet browsers and app stores.
In the mid-2010s, Vera Bradley’s once popular floral patterns were giving “coastal grandma”, a style aesthetic that blew up on TikTok in 2022 and has become chic with younger shoppers. We are prudently planning the second half through a more conservative lens, as we expect the trends we’ve seen in both brands to continue.
“This strategic shift hints at a possible emphasis on strengthening online sales channels and optimising partnerships to better cater to the Chinese market.” The recent move “reflects Microsoft’s assessment that its previous retail strategy was not well-suited for the Chinese market,” Gollipalli said. In 2022, 57.8
Nothing is certain in this market except [that] we will not be paying a dividend in 2022,” Flight Centre managing director Graham Turner told the Macquarie Australia Conference on Tuesday, according to SMH. “We per cent month on month – up $100 million on February.
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