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It’s no secret that consumers are still spending big on their pets even in a cost of living crisis – and the launch of luxury pet accessories brand Mon Petit Amour Manolo, which sells collars starting at $550, is proof of this. Room for growth The global pet accessoriesmarket is currently valued at US$11.01
Artificial intelligence (AI), the metaverse and ChatGPT are creating the biggest buzz so far this year, and it’s no surprise to see the fashion industry catching the wave. The size of AI in the retailmarket exceeded US$2 billion in 2020 according to Global Market Insight and is expected to grow at more than 30 per cent between 2021 and 2027.
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. billion market in 2023.
Rachel Leonard, editorial director of The Bridal Council and former fashion director of Condé Nast’s Brides , agreed that consumers today are seeking more bespoke bridal wear and adds that they want those services provided on a “faster turnaround” time. Signet Jewellers, the world’s largest retailer of diamond jewellery, is anticipating 2.5
Travis Wright, former general manager of fashion online retailer Esther & Co, is taking the reins as CEO at iconic Australian swimwear brand, Tigerlily. Earlier this year, she landed the seventh spot in Inside Retail ‘s Top 50 in E-Commerce list.
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.
The brands name is based on the pronunciation of the Japanese word jiyu, which translates to freedom, and comes from the brands mission to provide high-quality and trendy fashion to a broad, international audience. The store also marks the brands first major foray outside of the Asian retailmarket, where it has about 470 stores.
A study released by global apparel and accessoriesretailer Public Desire confirmed the top 10 most sought-after limited-edition collaborations by analyzing factors such as original price, resale value, price growth, accessibility, and public interest. Why did these collaborations win?
After starting as a sales associate at J Crew’s Liquor Store concept shop while studying menswear design at the Fashion Institute of Technology, Echevarria was recruited by retail legend Millard ‘Mickey’ Drexler to start a brand collaboration program. IR : What does your fashion say about you?
Asia’s answer to slow fashion, Supermint, has just unveiled its first Hong Kong store at mixed-use retail destination PMQ. We believe we can open up more possibilities for slow fashion and make the fashion journey sustainable. “We Modern women are independent and have unique fashion tastes.
The company currently operates more than 250 stores across key markets such as South Korea, Japan, Singapore, Malaysia, Vietnam, and the Philippines. International retailers like H&M are not just competing with local brands, but are also navigating complex cultural nuances and rapidly evolving consumer preferences.
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. This reflects the growing demand for good quality fashion at competitive prices.”
An extensive portfolio of classic and popular fashion brands will enter the Australian retail sector for the first time as Brand Machine Group (BMG), a global leader in branded fashion manufacture and licensing, launches into the local market in 2024. First up is the US$2.4 per cent (CAGR 2024-2029).
Luxury fashionretailer, FLANNELS, has opened the doors to its new store at Blanchardstown Centre, Dublin’s largest retail and leisure destination. The store is the retailer’s first in the Republic of Ireland. Flannels Blanchardstown. Photo by Joas Souza.
In the last quarter, New York’s retailmarket has gone from frigid trepidation to sizzling enthusiasm. The 4425-square-foot space offers a full range of Montblanc writing instruments, watches, accessories and leather goods. Retailers from every sector are getting back into the race.
The key to effective adaptive clothing is catering for the vast array of needs different consumers have, while maintaining style and fashionability. Recently, fashion brands have begun to provide on-trend clothing with new styles, combining fashion and technology for people with a variety of disabilities. Magnets, not buttons.
The Australian outdoor retail sector has emerged as one of the big winners in the ‘post-pandemic’ retailmarket, with international brands such Canada Goose and Halfdays launching local offers, and National Geographic rolling out experiential retail stores selling a range of premium outerwear and accessories.
He added that the grocery sector is likely to be less affected compared to mid-marketretail – which often includes brands specialising in fashion, general merchandise and speciality retail – as customers make substitutions and opt for home-brand products. “By
According to global data and business intelligence platform Statista , the luxury goods market is projected to generate a revenue of US$368.9 The market is expected to grow at a compound annual growth rate of 3.22 per cent between 2024 to 2028, with luxury fashion making up the largest segment at an estimated market volume of US$115.9
Interest in Japanese fashion, toys, and collectables has been steadily increasing in recent years and the strength of the US dollar makes it a great time for our customers to be able to buy directly from Japan,” the CEO said. Will Mercari’s bet on bricks-and-mortar prove bountiful? In 2023, Mercari reached revenue of US$1.3
She noted that culture and weather play a huge role in shaping the Singapore retailmarket. It also won the Top Shopee Mall Brand Award in 2022 for women’s fashion. “We Due to the heat and humidity, Singaporeans prefer to dress casually, so there is a constant demand for slides and sandals. sale last year.
” “The soft discretionary retailmarket impacted the business’s trading performance in the period leading to our appointment, and our focus is to try to find a buyer for the business,” said Stewart, who is KPMG Australia’s restructuring services partner.
Brands that had previously relied on bricks-and-mortar sales had to accelerate their e-commerce strategies, TikTok became an extremely effective advertising and marketing tool, and certain retail categories like travel retail saw their sales drop virtually overnight. The market is expected to grow to US$126.48
I think as we get older, our sense of style or taste may change slightly but we still want to feel represented by the fashion world the way women in their 20s and 30s do. Mecca has continued to evolve the brand and the customer experience as the market has changed around them to ensure they are always at the forefront.
The founder and creative director hit the runway straight out of fashion school showcasing his first collection in a Kings Cross car park at Australian Fashion Week in 2009. Now, the brand is a permanent fixture in the New York Fashion Week program, presenting a new collection each season.
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.
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. A wager that was well-taken if one looks at Touchland’s track record in recent years.
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. However, it hasn’t been all smooth sailing, especially in recent years.
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.
IR : What consumer trends are shaping the luxury retailmarket in Apac, and how is Golden Goose responding? The sneaker repair service has also been launched online. We are excited to expand further in Apac, with more Forward Stores planned for 2025, including one in Australia.
Heather Kaminetsky knows the luxury retailmarket like it’s the back of her hand. Prior to her current role as the president of luxury e-commerce retailer Mytheresa, the retail executive has held positions amongst several luxury shopping giants including Barneys New York and Yoox Net-a-Porter.
This week, The Iconic hard-launched a new brand campaign to serve as a reminder, to consumers and itself, that the online retail platform is far from finished with disrupting and innovating the Australian and New Zealand retail industry. Australians have never had more choice when it comes to shopping fashion online.
The use of videos as part of a retailmarketing strategy is a tried and tested method to catch consumers’ attention and drive sales. The Chinese retailmarket is leading in the livestreaming trend. Bush said livestreaming in China moves products and has done so for everything from high-end fashion to agriculture.
But Brian Walker, the founder and CEO of retail consultancy The Retail Doctor, believes the results are a reminder of the importance of retail fundamentals. He told Inside Retail that fashion customers are known for moving easily between brands.
Last year, Gen Z fashionretailer Princess Polly made headlines with its fellow A.K.A. Brands, when the retail business was publicly listed on the New York Stock Exchange. We’ve made some pretty big waves in Australia and the online fashion space.
Tapping into this much-underserved market has led to steady growth for Both& since it officially launched in 2020. An untapped apparel market Consumer demand for gender-neutral clothing or unisex fashion styles has been growing in recent years. per cent from 2022 to 2030 to reach an impressive $3.2
Increasingly popular and worn by the rich and famous, luxury outerwear brand Canada Goose is planning to spread its wings in Australia via a partnership with Melbourne-based fashion house Brand Collective. However, Morris said that Canada Goose is its first foray into luxury retail.
While it is true that pressures are building in the retailmarket, we are not anticipating this to create a complete collapse in consumer demand. This is especially so since the company is nimble with its production meaning it can quickly adapt to trends and focus on items it knows it will sell through.
He believes that this is partly due to the maturity of the luxury and premium retailmarket in Mainland China, which has a strong presence of international and premium brands.
While these consumer behaviours are wide and varied, we can expect marked growth in rental, re-commerce and subscription retailmarkets and a decrease in people buying ‘brand new’ products. Customers will also seek multifunctional products and consider ways to extend the life of their goods.
The 7-month-old marketplace has even begun outpacing China’s national retailers, establishing itself as a major player in the industry – and raising the eyebrows of competitors like Shein with its aggressive customer acquisition tactics.
She said consumers want to invest in products that are fashionable, but at the same time also functional and enduring in their relevance. “We 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.
With the “extraordinary results”, the company is currently one of the best performers in the retailmarket, commented Neil Saunders, MD of GlobalData. Net sales for the three months ended May 4 surged 22 per cent to $1 billion, with comparable sales up 21 per cent.
per cent increase, the Canadian company is still performing much better than others in the retailmarket, especially during a time of rising consumer caution, according to Neil Saunders, MD of GlobalData. Athletic apparel company Lululemon Athletica has posted a revenue increase of 18 per cent to $2.2
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