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Starting with a single sneaker launch in 2014, the brand has expanded into other retail categories, including outerwear, streetwear and accessories to become a lifestyle brand for all ages — from children barely old enough to pronounce the name of the business to veteran fashion consumers.
Despite modestly positive expectations for 2024, the luxury retailmarket did not pan out as merchants had hoped. According to a 2024 report released by global management consulting firm Bain & Company, this market dropped two per cent from an all-time high of US$387 billion to US$381 billion.
The store also marks the brands first major foray outside of the Asian retailmarket, where it has about 470 stores. H&M New York City This October, apparel and accessories giant H&M launched a special pop-up shop in New York City, just in time for the holiday season.
Global expansion Dion Lee’s biggest market is in the US, so expanding the brand’s physical store footprint to the States was the next logical move. “We Miller, who served his last tenure as CEO and chief creative officer at the Collected Group for seven years, is well positioned to lead Dion Lee toward global expansion.
In a market as saturated as leather goods and accessories, it’s hard for brands to find ways to stand out. More recently, the brand has been making a play for the North American retailmarket and opened its first US-based bricks-and-mortar store in the stylish neighbourhood of Nolita in New York City this fall.
Following its launch in Australia in 2016, Danish retail group Bestseller has firmly entrenched its presence in the retailmarket, with the company making strides in its sustainability and circularity initiatives. One example of this is the recent expansion of Vero Moda.
As high-end retailers seek to capture and hold onto the 1 per cent shopper’s attention, Saks Fifth Avenue is ramping up its personalised shopping concept, Fifth Avenue Club. What are the factors behind the Fifth Avenue Club’s rapid expansion?
Kicking things off with a Kickstarter campaign Like many indie brands on the market today, a large source of funding was found via Kickstarter, a public funding platform for creative and entrepreneurial projects. Even with a cautious approach to expansion, Touchland has created a noteworthy omnichannel distribution.
BMG is looking to bring more “street casual” and “outdoor brands” to Australia after meeting with a few local retailers who showed “quite an unexpected excitement” towards BMG’s offering in that market segment, Jalil said. And then we kind of ended up in licensing by default really,” Jalil said.
The brand’s Japanese anime collaborations, such as One Piece, Pokémon and, more recently, Demon Slayer, have also done exceptionally well in the market, laying the groundwork for further expansion in the region. “We She noted that culture and weather play a huge role in shaping the Singapore retailmarket.
Renowned travel accessories brand Tumi is redesigning stores at major airports as it continues to expand its presence across Asia. With further expansions slated for Soekarno–Hatto International Airport in Jakarta and Chhatrapati Shivaji Maharaj International Airport in Mumbai, Tumi is reinforcing its commitment to the travel retail sector.
With the “extraordinary results”, the company is currently one of the best performers in the retailmarket, commented Neil Saunders, MD of GlobalData. They also provide a springboard for future initiatives, including more international expansion,” Saunders concluded.
They join a host of Aussie-born apparel and lifestyle brands, including July, Princess Polly, Culture Kings, Bared Footwear, Papinelle and Frankie4, that have been expanding their omnichannel presence in the American retail landscape over the past few years. “This has then acted as a springboard for more expensive physical expansion.”
The expansion in Australia is part of a long-term strategy for Canada Goose, which will operate under a brand management agreement with Brand Collective. Integrated omnichannel offering Brand Collective CEO Eric Morris told Inside Retail that he was amazed to see just how popular Canada Goose products were across Europe and America.
So much so that Gotemba’s most recent expansion was opened confidently in the middle of the pandemic, bringing its store floor area to 61,000sqm and its store count to 290. The centre’s tenant lineup is a who’s who of high-end retail, featuring designers from all around the world. Thus, three expansions at Gotemba.
Levi’s expansion strategy in Asia doesn’t look like it’s slowing down anytime soon. Future-proofing is key In order to counter the sometimes dire economic predictions of the global retailmarket, Levi’s is looking to focus on operational efficiency and agility, according to Jain.
While Shepard was already aware of the needs of trans and non-binary consumers, reviewing the research and seeing the overwhelmingly positive response to the launch of Both& has shown the necessity of having such a brand in the retailmarket. “So So maybe the surprise is that there weren’t more surprises,” Shepard mused.
For us, fashion, art and music have a sense of continuity, and the expansion of art and design are all linked together in creativity. At the moment, the brand has been growing organically, primarily from word-of-mouth marketing among customers who have had favourable experiences with the brand.
Premium Canadian outerwear brand Arc’teryx launched its third store in Australia on Thursday, and is bringing a more guided hand to the next phase of its expansion across the region. The post On the growth trail: Inside Arc’teryx’s ANZ expansion plans appeared first on Inside Retail.
Brands, when the retail business was publicly listed on the New York Stock Exchange. Here, we chat with global performance director Kim Zorn about Princess Polly’s international expansion, how it stands out in a sea of DTC brands and the launch of its diversity and inclusion council.
But beyond the glamour of polo fields and a globally recognised brand lies a story of strategic expansion and a vision to dominate the fastest-growing retailmarket on the planet – India. These expansions are key drivers for growth, allowing us to cater to a broader customer base,” he stated.
Because if you’re going to open across states, you need the logistical capability to support that expansion. The trouble is as the competition has developed over the years, you now have specialty retailers that do a really good job in all those areas. They didn’t exist 30 years ago.
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