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The departmentstore chain has yet to name the appointees for the newly created roles of GM of merchandise for beauty, accessories and services and GM of merchandise for women’s apparel. Meanwhile, former Cedar Brands CEO Warwick Blunt will assume the newly constructed role of GM for digital commerce at Myer in November.
The huge increase in online shopping over the past decade or so has had a major impact on departmentstores, with many consumers turning to Amazon, eBay and other online shops for shopping, rather than a more traditional trip out to a physical store. Changing culture of shopping.
Sydney Airport and Heinemann will jointly introduce Australia’s first domestic terminal “departmentstore” concept next July at T2 and T3. Spanning 1765sqm in T2 and 506sqm in T3, the new retail space’s offerings range from apparel, accessories, watches, jewellery, perfumes, and wines to spirits.
Australian departmentstore David Jones has become the latest retailer to sell pre-owned clothing following the announcement of its partnership with Sydney-based luxury reseller Blue Spinach last week. It also offers second-hand items in its London flagship store through a partnership with online resale platform Vestiaire Collective.
Departmentstore giant David Jones unveiled the latest Spring/Summer collections this week in its Elizabeth Street flagship in Sydney. The runway featured local and international brands such as Aje, Camilla and Marc, Hugo Boss, P.E. Nation, Carla Zampatti, Matteau, Balmain, Balenciaga and Alexander McQueen.
Departmentstore David Jones has launched a re-sale clothing initiative called Reloop in partnership with fashion rental company GlamCorner. Bridget Veals, David Jones GM of womenswear, footwear and accessories, said the company is committed to ethical, environmental and climate-conscious practices in the retail space.
The departmentstore chain expects net profit after tax of between $50 million and $54 million for FY24, compared to $71.1 Other headwinds affecting profit growth include the challenging consumer and trading environment, store closures, and inflationary cost pressures. million in the prior year.
The brand has grown to have a presence in 80 countries through a distribution network encompassing 1200 points of sale across stand-alone stores, franchises, departmentstores, multi-brand leather goods stores, travel retail and e-commerce websites.
The acquisition of Just Jeans, Portmans, Jacqui E, Dotti and Jay Jays by Myer provides a new growth channel after several years of reducing departmentstore floor space and trying to find a fashion edge. The Premier brands could also provide the departmentstores with expanded merchandise range options.
If physical stores are meant to be the embodiment of a rag trader’s brand, any absence of identity and vision will be on display for customers alongside the racks of clothing. Today, a physical presence is a brand’s most manageable, tangible, and measurable marketing tool,” Gray reaffirmed.
Tough times “We’ve poured everything into it, given it every opportunity and it got to the point where it just couldn’t work,” Ross Poulakis, Harrolds Group’s managing director, told Inside Retail. The luxury retailers that are thriving have managed to find that sweet spot between their digital and physical offerings,” Gray said.
Group chairman Solomon Lew has commended Premier Investment’s strong half year results, attributing standout performances to careful management and execution. Smiggle was a particularly strong performer, with sales for the stationary and accessory brand up by 30 per cent growth. per cent compared to the first half of FY2022, to $174.3
Premier’s Apparel Brands were successful by maintaining a pretty clear brand positioning, managing a streamlined portfolio well and keeping that aligned with consumer preferences – I think they embraced a strong omnichannel strategy overall,” shared Gray. “I
Myer currently operates 56 departmentstores across Australia, as well as its online business and in-house brands including Sass and Bide, Marcs and David Lawrence. Our focus remains on seeking to drive further and sustainable cost efficiencies and inventory management,” he added. The report revealed that online sales were $390.1
Seven months after Country Road’s CEO Scott Fyfe stepped across to lead departmentstore stablemate David Jones the Australian fashion brand has settled on a new leader: Raju Vuppalapati. This is an incredibly dynamic time in retail and I am excited by the opportunities ahead.”.
But while the strategic acquisition makes a lot of sense on paper – expanding Tapestry’s portfolio in the over $200 billion global luxury apparel, handbags, accessories and footwear market, and delivering an anticipated $200 million in run-rate cost synergies – industry experts question remain cautious. “As The next LVMH?
Bastion Insights general manager for cross-cultural insights, Isabel Zhang said that cultural knowledge was key for brands in authentically engaging with Asian Australian communities. Bastion Insights client coordinator Vedant Bhusari noted that departmentstores Myer and David Jones are considered by many to be operating in luxury retail.
Anna Brennan is the general manager of women’s athleisurewear retailer Stylerunner. Before joining the team in 2023, Brennan was the general manager of fashion, at the Iconic. Moving from senior buyer to buying manager/category manager can be hard within the industry. IR: What do you love about your job?
Australian activewear brand Do You Even marked the start of its Big W retail partnership and its first range being stocked in the discount departmentstore with a consumer launch event. Bigger impact Big W is Do You Even’s first major retail partnership and the decision was fuelled by a want to make the brand more accessible. “At
Established as a denim brand in Italy in 1981, Replay sells a comprehensive range of apparel, accessories and footwear for men, women and children under the Replay, Replay & Sons and We Are Replay brands. “Replay is the first new brand, but we’ll be looking at others along the way.”. Fills a gap. 550 million company.
In supermarkets, AI can be utilised for fresh produce management, with a centralised model to enhance inventory optimisation and replenishment. Category management – for example, range and assortment planning, pricing strategies – is a typical use case where AI can augment human decision-making.
Customers were spending more on clothing, footwear and personal accessories, departmentstores and cafes and restaurants in July 2022, compared to the 12 months prior, and consumer sentiment was also up, by 3.9 According to the Australian Bureau of Statistics (ABS), retail sales were up 19.2
Premium departmentstore David Jones is set to host a range of in-store festivities and experiences, as part of pride month. Between February 23 and March 5, the retailer’s Bondi and Elizabeth Street stores in Sydney will feature live performances from a diverse dance troupe called Briefs Factory.
JD Sports, which has been at Bullring since 2003, will open a new 27,500 sq ft store on the lower level. The new store will stock even more ranges from brands such as Nike, Adidas, Under Armour, and Converse, covering footwear, fashion, and accessories.
The company currently has stores in New York and Los Angeles and also sells through partnerships with retailers including End, Matchesfashion, Browns Fashion and upscale departmentstores Selfridges and Harvey Nichols. .
Akeroyd has also held several senior fashion roles at London-based luxury departmentstore Harrods. “I Akeroyd has served at Versace as CEO since June 2016, helping the brand reorganise and accelerate its growth. Prior to Versace, he was CEO at Alexander McQueen from 2004 to 2016.
Supreme was never a good fit for VF,” said Neil Saunders, managing director of GlobalData. That said, EssilorLuxottica has strong distribution capabilities and is good at brand management, so Supreme fits better with them than it did with VF,” he said. However, it’s uncertain whether Supreme is the right choice for EssilorLuxottica.
Set to launch in July 2023 – after the opening of the new luxury precinct at terminal one (T1) – Heinemann is pioneering the departmentstore concept inside domestic terminal two (T2) and three (T3), with the retail mix curated to reflect each terminal’s passenger base. It will operate the T2 and T3 stores on a five-year concession.
There is also a view that the breakup strategy could fund further acquisitions, including the Myer departmentstore chain in which he has already built a substantial shareholding. Most punters think the move is about unlocking value in the businesses while pursuing growth via more focused entities.
Japan’s Ministry of Economy, Trade and Industry said there were 210 departmentstores in Japan at the end of 2019 but attrition in the ensuing three years reduced that number to just 192 by the end of 2022. Both the Takashimaya and Tokyu stores were luxury-focused, and had been a fixture of their neighbourhoods for decades.
Yet Bonds manages to make it look simple. Bonds somehow manages to do all of this without alienating any of its customers. It’s a brand that can do edgy yet still sell good value undies and loungewear both in its own stores and site, in departmentstores or even at the supermarket. It’s a lot to navigate.
According to the post, Amazon Style will offer women’s and men’s apparel, shoes and accessories from hundreds of popular and emerging brands, and include several innovative features, such as tailored, real-time recommendations.
However, last month Designworks, the wholesale arm of Brand Collective, a leading house of lifestyle brands in Australia, announced that it was relaunching Pavement in the marketplace through the discount departmentstore Big W.
Signed on a 12-year lease and spanning 10,000 sq ft, the new Bershka store will sit on Level 2, beside the new ZARA, in a prime position. It will offer the latest womenswear and menswear collections, along with accessories, through a world-class and vibrant in-store experience. million sq ft.
Since 2019, it has relaunched its online offering in Australia, rolled out dedicated e-commerce sites and fulfilment centres in New Zealand and the UK, and upgraded its warehouse management and order management systems, leading to significant efficiency gains and growth.
US departmentstore Nordstrom has teamed up with Instagram page-turned-online marketplace Black Owned Everything to spotlight four up-and-coming Black-owned fashion and accessories brands alongside global sneaker giants Nike and Jordan as part of its Nordstrom x Nike initiative.
With more than 20,000 SKUs across homewares, toys, pet accessories and apparel, Anko-branded products represent 85 per cent of the stock in Kmart stores and have been purchased by a whopping 90 per cent of Australian households. The trial is pretty small, it’s four stores, it’s about 140 SKUs, and it’s in the pet accessory category.
Chadstone centre manager Daniel Boyle told Inside Retail, “We have a multitude of offerings available to shoppers to make their Christmas shopping experience both full of festivities and seamless. Food for thought Natalie Davis, managing director of Woolworths Supermarkets, shared with Inside Retail that Woolworths expects to sell 2.8
While Chadstone was not yet ready to provide data, its centre manager Daniel Boyle told Inside Retail that Black Friday has continued to increase in popularity and productivity over the years. He expected that customers were eager to experience Chadstone’s in-store experience.
Requests to Good360 from charities increased by 400 per cent at the start of the year, compared to the same period in 2023,” Alison Covington, founder and managing director, of Good360 Australia, told Inside Retail. “The cost of living crisis has seen demand for goods from our charity partners skyrocket.
Earlier this year, the brand opened dedicated pop-up stores at the world-famous Harrods and Selfridges departmentstores in London, which Norris referred to as the “biggest wins” in terms of the brand’s international expansion so far. The US isn’t the only overseas market the business is focusing on.
Harvey Nichols has introduced the world’s first blue-chip non-fungible tokens (NFT) retail concept space inside a luxury departmentstore dubbed HN NFT Vault at the retailer’s Pacific Place store in Hong Kong. Furla unveils new look store in Hong Kong’s IFC Mall.
We spoke with Tissot general manager for ANZ Scott Jungwirth about the launch, how the brand stays true to its heritage and why he’s hopeful for a good Christmas. Inside Retail : With the vaccine rollout progressing in Australia and New Zealand, and bricks-and-mortar stores reopening, what are you anticipating in terms of holiday sales?
Potentially opening another retail store in Sydney, that’s our next goal,” Best said. Chris Wilson, general manager of menswear, childrenswear, home and AV at David Jones, and one of the judges, said Best Jumpers “captures the laid-back Australian lifestyle while carefully considering the fundamentals required for future business success”.
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