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The jewellery and accessories retailer’s profit grew 6.5 The company said its continued focus on pricing and promotion management helped expand gross margin to 82.4 Lovisa’s net profit increased in the first half after the opening of 43 new stores worldwide. per cent to $56.9 million as revenue climbed 8.8 per cent to $405.9
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. Amazon announced it posted over $3.1 billion in 2022.
Fashion retailer H&M has launched its refurbished flagship store at Pitt Street in Sydney, coinciding with the appointment of Anna Baldwin as the new country sales manager for Australia and New Zealand. The post H&M names new ANZ country manager, opens refurbished Sydney flagship appeared first on Inside Retail Australia.
Henne has a dedicated customer relations manager who is responsible for emailing and texting with customers and providing a bespoke brand experience. Six years later, the brand has expanded to provide a full closet, with statement pieces, suiting, eventwear and accessories.
Railpen , manager of the £34bn railways pension scheme, has announced that Under Armour, the leading global sports apparel brand, has opened its biggest outlet store in Scotland at Caledonia Park.
Railpen, one of the largest pension managers in the UK, has announced Caledonia Park, its premium designer outlet village in Scotland, has experienced a record-breaking year for sales and performance.
The department store 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.
Despite the best efforts of all parties, we have been unable to achieve a sale of any of the brands within the Mosaic portfolio,” said KPMG partner David Hardy, one of the receivers and managers of the group. “As a result, all stores in the Mosaic Brands Group will be wound down over the coming months.
. “Our customers have been asking for Glassons and Harbour Town is excited to deliver the brand’s biggest store in Australia,” said Kylie Neal, Harbour Town Premium Outlets centre manager. Another new retailer to open at the centre is crystal retailer Swarovski.
The new concession, located in Selfridges’ Accessories Hall, showcases the brand’s latest design concept, inspired by the renovated Fifth Avenue flagship designed by Peter Marino. Kate Pearson, Director of Asset Management, Pradera Lateral – Trafford Centre’s Asset Managers, added: “We are thrilled to welcome Tiffany & Co.
Set to boast a strong offering of luxury, premium clothing and accessories with an urban style, Police enters the Irish market for the first time at The Boulevard, to join its output in more than 80 countries across all major cities in the Middle East, China and Europe.
The fashion retailer – which sells more than 100 ‘trend-led’ apparel, footwear and accessories brands including Champion, Perfect Stranger, Tommy Jeans, Thrills, and Wrangler – forecasts annual group sales to rise 9.7 “We’ve maintained a steadfast focus on managing margins, optimising inventory and controlling costs.”
The receivers and managers of Mosaic Brands Group announced the closure of the apparel brand on Thursday. Mosaics Rivers brand, along with its stores, will close by mid-April after a sale of the business could not be achieved. The shutdown will impact 136 Rivers stores and approximately 650 employees.
The 214 Oxford Street property will now have Ikea’s smaller format store with a selection of its accessories, furniture and a planning studio across roughly a third of the building’s 22,200 square metres over seven floors. The new Oxford Street store will be a smaller format than its usual warehouse sites (Andrew Matthews/PA).
As Vhernier is from Milan, the boutique showcases pure Milanese elegance through its minimalist shapes and soft colour palette, accented with touches of coral and eggshell, Marta Moruzzi, collection merchandising manager and international development at Vhernier, told Inside Retail.
Colette by Colette Hayman has bought luxury online accessories brand The Daily Edited after a three-month search for a buyer. The Daily Edited sells embossed and personalised women’s and men’s leather goods, stationery and desk accessories, bags, pouches, clutches, wallets, phone cases, diaries and overnight bags.
Products in the collection include moisture management and medical-grade sports compression, squat-proof tights, and anti-pill training tops. There is also a range of accessories including caps, water bottles and towels. We are here to finish the recipe we started and are excited for Australians to meet our brand.”
Fiasco then joined Quest Apartment Hotels, in roles such as general manager operations and general manager establishment. Kwik Kopy has started the recruitment process to find a new franchise manager. Fiasco has decades of franchising experience and has operated small businesses in retail and hospitality.
Head of communication Nadine Schmidt told the Belgian newspaper De Standaard , the initiative it was part of “testing, learning, adapting, and refining the range” H&M has also struggled with stock management , which has contributed to “disappointing” financial results that led to the exit of former CEO Helena Helmersson.
Managed by private-equity group Acta Capital, Alquemie Group last month acquired urban lifestyle apparel chain General Pants, at the time saying it was looking to add further brands to its stable which also includes Lego, Ginger & Smart, and SurfStitch. “We
From sturdy waxed cotton bags and backpacks to weatherproof jackets, layering pieces and leather accessories, each item is made to see the world. says Natalie Nelson, Managing Director at Gandys. We hope this will be a place where our community can connect and be inspired for their next adventure.
Compared with ten years ago, when I was on the retail side as a store manager, the amount of customisations that girls want, and the amount of changes on a dress, have increased because now everyone is ‘special’,” White explained.
Today, a physical presence is a brand’s most manageable, tangible, and measurable marketing tool,” Gray reaffirmed. However, while the immediate future of the business is uncertain, given the strong management, he is confident the retail group will reemerge “in some way, shape or form”.
Luxury fashion retailer Oroton Group says its profit more than tripled on the back of higher sales and stricter cost and inventory management in FY23. The company booked a net profit of $8.2 million in the 12 months ended July 30, up 3.5 times from last year.
Global brand management firm WHP Global has bought a 70 per cent stake in Isaac Mizrahi from Xcel Brands, in a deal valuing the American designer label at US$68 million. The label features a variety of products including footwear, eyewear, watches, handbags and tech accessories. million in cash proceeds.
Bridget Veals, David Jones’ general manager for womenswear, footwear and accessories, told Inside Retail that Australians are ready to shop for fashion again, with events back on the menu and borders open. The runway featured local and international brands such as Aje, Camilla and Marc, Hugo Boss, P.E.
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. We will continue to [bring] Australians tech accessory designs that best represent them.”
We are continuing with the rationalisation of our product offering, streamlining our supply chain and focusing on cost management.” Specialising in plus-size women’s apparel, footwear and accessories, City Chic has a portfolio of brands including City Chic, Avenue, Evans, CCX, Hips & Curves, Fox & Royal, and Navabi.
The 100 per cent Kiwi-owned and managed business operates 16 stores across New Zealand selling camping, boating, fishing gear and accessories. Australia’s Jaycar Electronics Group is set to acquire New Zealand-based outdoor equipment retailer Burnsco.
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. Reloop also offers a premium concierge and end-to-end service managing the entire process from collection, listing and reselling of items nationwide.
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.
What retail experts have to say about Nikes partnership with Skims Global Datas managing director, Neil Saunders, CI&Ts director of retail strategy Melissa Minkow and Retail Strategy Groups Liza Amlani believe that Skims could revive Nikes popular kid status, but not without some caveats.
Footwear and accessories brand Novo Shoes has returned to Canberra, opening two locations in Woden and Belconnen. Six years after it left the market, the brand debuted its Woden store last month and will open its second location this Friday.
This model helps ALDO, which specialises in shoes and accessories, better predict demand to ensure it has the right inventory in the right channels. Managing supply-chain unpredictability The Covid-19 pandemic highlighted the vulnerability of trade routes in times of conflict and natural disaster.
John Belton, portfolio manager at Gabelli Funds which owns Amazon shares, said that he is expecting more pressure on Amazon’s selling prices in the fourth quarter because of the company’s mix of products.
According to Volley’s partnership manager Renee Jaeger, the NGA approached the brand after seeing Volley’s Wear it with Pride campaign. Volley’s content and marketing manager Anna Geason told Inside Retail that the best collaborations happen when there is an authentic connection between partner brands.
A recent survey found that 74 per cent of second-hand shoppers do so to manage their household expenses, while many also create their own thing in resale as a secondary source of income. This massive expansion only strengthens the increasing consumer demand for pre-loved or secondhand fashion and accessories.
Meanwhile, earnings from apparel decreased by 8 per cent to $758 million, footwear sales plummeted by 15 per cent to $310 million, and accessories revenue decreased by 5 per cent to $93 million. Sales from owned and operated stores declined by 3 per cent. According to the company, its gross margin increased to 47.5
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
Customers are invited to explore Elton’s archive and shop for limited-edition fashion, accessories and lifestyle collaborations in-store and online. “Elton John at The Selfridges Corner Shop” was brought together in collaboration with Bravado, Universal Music Group’s leading brand management division.
Chief executive office and co-founder of Telegram – the parent company to stationary, office and lifestyle accessory brand Milligram – Scott Druce told Inside Retail that the back to school period is like a second Christmas, and requires just as much planning.
“There are weekly masterclasses that consumers can attend to expand their skills and knowledge about all things coffee and De’Longhi, and, in addition, customers can schedule a 1:1 session with our knowledgeable coffee experts,” De’Longhi Group’s marketing manager Sarah Knox told Inside Retail.
Direct-to-consumer revenue rose 3 per cent to $596 million after the company managed to control the sales experience and tell a story around its merchandise. Accessories sales rose 3 per cent to $114 million. Apparel revenue increased 3 per cent to $1.1 billion, but footwear was down 7 per cent to $351 million.
The company was also caught up in another controversy, alleging its senior managers negotiated rebates with suppliers despite prices having already been agreed. The new appointments came after the company found itself in hot water due to alleged sexual harassment and staff bullying committed by its two former leaders.
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