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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. billion in 2023.
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
Retailers had already been using AI to a certain extent, but after a couple of years of “getting to know how it works” we’ve reached a point where its inclusion is something that can’t be ignored. Several eyewear brands, including Sunglass Hut and Australian eyewear retailer Bailey Nielsen, offer virtual try-on to shoppers.
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.
In recent years, specific segments of the wedding retail industry, such as bridal wear, have shown exponential growth that is expected to continue. billion last year, the bridal wear market is expected to reach US$18.54 percent in this time frame, Maximize Market Research states. billion, Research and Markets states.
Leading market research firm Euromonitor International has just unveiled its 2023 rankings for the Top 10 fastest growing and biggest retailers in Asia Pacific, with Indonesia’s GoTo stealing the spotlight. Meanwhile, Chinese e-commerce behemoth Alibaba reigned supreme with a retail value close to half a trillion U.S.
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?
Wright was instrumental in leading the turnaround of Esther & Co last year and will bring years of online retail, marketing and fashion experience to her new role at Tigerlily – as well as lessons learned in her jewellery business, Travel by Travis.
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.
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 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.
“There’s been a lot of curiosity from customers who are familiar with H&M in different markets and are eager to visit this innovative store,” she said. “We The company currently operates more than 250 stores across key markets such as South Korea, Japan, Singapore, Malaysia, Vietnam, and the Philippines.
A beneficiary of the growing outdoor market, Arc’teryx has seen customer demand outstrip its supply “many times over”, according to Byron Dawson, retail manager for ANZ at Amer Sports, which owns Arc’teryx, along with other global brands, including Salomon and Wilson. Inside Arc’teryx’s Bondi Junction store.
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. The post Lululemon achieves double-digit growth as it continues to build market share appeared first on Inside Retail.
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. In Australia, the home décor market segment is set to generate a revenue of $2.77
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.
All this – on top of challenges related to a highly competitive rental market, and an increased cost of borrowing – can lead to greater stress placed on staff and management which, in turn, can have a detrimental effect on wellbeing. He expects future rate rises before overall deflation in the retailmarket occurs.
” “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.
With the depreciated value of the Japanese yen, especially against the American dollar, many US citizens have been flocking to Japan on tourism shopping trips or to online retailers with access to the Japanese resale market in recent years, in search of lower-cost, high-quality vintage goods. In 2023, Mercari reached revenue of US$1.3
In an increasingly tough market, Abercrombie & Fitch has started its fiscal year on a strong note with group sales up by 2.9 However, as it bucks the general direction of the market and stands in marked contrast to the more negative results of many other discretionary retailers, it is an exceptional level of performance.
Skechers has selected actor Lawrence Wong as its Singapore brand ambassador for the second year running, in an ongoing effort to strengthen its appeal to a broad consumer demographic in the saturated market. She noted that culture and weather play a huge role in shaping the Singapore retailmarket. sale last year.
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. Lisbona partially credits the company’s popularity on the video-focused social media platform to its success in the market today.
Let’s keep the marketers honest, or at least as honest as possible. We get help with the definition from Belgian multibrand retailer Hopono, which itself claims to be a concept store. The store has Marimekko’s customary colourful and upbeat prints, impressed on a curated range of clothing, accessories and ceramics.
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
Honestly, the biggest thing that I saw, especially in the traditional menswear retailmarket, was that everything felt kind of old and stuffy and I didn’t think it needed to be that way. Chris Echevarria: I felt like I had something to say and that it was different than what was out there.
Luxury fashion retailer, 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. This opening is a great way to round off what has been a strong year for the centre.
Here, we chat with the former head of marketing at Mercedes-Benz about what she learnt from the auto brand, her favourite retailers and why diversity and inclusion are at the heart of her start-up. Loungewear is quite a crowded market at the moment, what made you decide to launch a business in that category?
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.
While the everyday consumer has become pri c e-sensitive with the growing costs of living in the US, the 1 per cent is still spending – to a point where the luxury shopping market has become more competitive than ever. The market is expected to grow at a compound annual growth rate of 3.22 billion in 2024. billion in 2024.
Cutting through According to Annabel Pittendrigh, a client executive at Bastion Insights, many Australian retailers have missed the mark when it comes to customising and tailoring their marketing and communication efforts to resonate with these diasporic communities.
The first FlyEase shoes proved popular with a wider audience, creating supply issues and a large resale market. The technology behind adaptive fashion is not limited to product design: it is also used in sales and marketing, too. The wearer steps into the shoe and the hinge opens, holding the shoe in place. Clothing for the wearer.
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. It works with more than 500 supply partners, with its products manufactured across over 800 factories.
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.
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.
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.
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.
He said the market will punish brands that get any of this wrong. “[One There’s plenty of businesses that the market has punished for the same set of reasons,” Walker said. It is obviously impacting footfall in retail centres and reducing the numbers of unplanned and spontaneous store visits. “For
“We’ve observed shifts in consumer behaviour against the backdrop of an evolving retail landscape, and as a brand, Levi’s continues to prioritise how we deliver our iconic products and brand experience in an impactful way,” she said. Considering the country’s large population, she believes that there is definitely untapped potential.
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
“We want to create a deeper link between consumers and fashion designers and help our local designers promote their brands to international markets. Market realities. 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.
Next-generation manufacturing A study by market research agency YPulse revealed Amazon as the favourite retail brand among Gen Z, with its growing appetite for online marketplaces. This should come as no surprise, given China’s rapidly growing cross-border e-commerce market is projected to reach a staggering $2.8
Representing about fashion 25 brands – including Clarks, Volley and Shoes & Sox – Brand Collective has dipped a toe into the premium retailmarket through Replay , an Italian denim brand it brought on board last year. However, Morris said that Canada Goose is its first foray into luxury retail. “We billion(about A$2.93
The latest data from Statista suggests that Amazon may account for 50% of the entire e-commerce retailmarket this year. Some of the most popular product categories on Amazon include electronics, toys, books, clothing, and pet accessories. Don’t matter whatever the brand maybe. Are unique enough to fulfill a specific niche.
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