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Australian retailsales moderately improved in July, which Australian Bureau of Statistics (ABS) data attributed to the continuation of mid-year sales. billion, with the ‘other retailing’ segment, which includes cosmetics, sports, and recreational goods, recording the highest growth, of 5.5 Food jumped 3.2
Despite the challenging trading environment, Prada Group ‘s retailsales increased across all its brands in the first nine months of the fiscal year. billion), with its retail net sales growing 18.3 Wholesale net sales climbed 8.6 ” Japan posted the highest sales growth of 52.6 billion (US$4.17
Mirroring the success of our Brookfield Place store in Sydney, we wanted to bring a broader assortment, elevated experience and bespoke touches like accessory personalisation to this diverse guest base. IR: More dedicated retail space for menswear is a notable feature of Lululemon’s new flagship.
The latest retailsales figures are really quite incredible. According to the Bureau of Statistics (ABS), retailsales rose by 0.6 But clothing, footwear and accessories are up 2 per cent, food retailers are up 1 per cent while cafes and restaurants are also enjoying a 1.3 per cent bump.
The e-commerce giant has seen its market share erode in apparel as Shein and Temu quickly expanded in international markets with US$12 dresses and US$10 gadgets. Shein and Temu have specialised in offering dresses, accessories and gadgets “that the consumer is less time-sensitive about,” he said.
Australian retailsales reached a record high in the last three months of 2021. The fourth quarter sales data from the Australian Bureau of Statistics (ABS) showed an 8.2 per cent increase in sales. The gains were led by clothing, footwear, and personal accessories, which soared by 43.1 per cent. . billion ($23.99
Dollars and sense While it’s unclear who if anyone will take over AFW, Garland believes it would be better able to serve the industry if it was owned by the government as a not-for-profit organisation – promising an inclusive program that doesn’t exclude designers based on their marketing budget alone. “I
The market for Moshi Moshis products and price points in neighbouring countries would seem to be substantial and the company has not been at all reluctant to open shops at a rapid pace. According to the company, Thailands retailsales increased by 8.9 The gross margin percentage of revenues in the third quarter was 52.8
Vincom Retail is Vietnam’s biggest mall operator by dint of opening malls here, there and everywhere, but is this the right strategy? Its continuing stagnation in key operating metrics on a year-over-year basis, despite rising retailsales and a sound economy, is concerning. per cent in the first nine months of the year.
Retail is booming and rents are, too, in the main cities Vincoms performance took place against the backdrop of booming retailsales. National retailsales tabulated by Vietnams National Statistics Office (NSO) grew by a hefty 9.0 Elsewhere, rents are rising but more slowly and from a much lower level.
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.
Apparel retailer Accent Group the parent of Platypus and Hype DC, among other labels expects to achieve earnings of $80 million for the first half of the fiscal year. per cent increase in total owned sales, including wholesale. Like-for-like retailsales rose by 2.9 The group reported a 4.6
Sales of apparel were particularly strong, attributed by the company to low temperatures. There are other indicators too that specialty stores are gaining market share. The post Japan’s retail sector faces challenges amid weak consumer confidence appeared first on Inside Retail Australia.
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. Before] these latest lockdowns, we were tracking extremely positively,” he told Inside Retail last month. “We Fills a gap.
While it is certainly true that there are challenges in wholesale and that the luxury market is softer, these factors do not explain Capris chronic inability to stabilise its sales line. A decline of 11.6
I transitioned to a retailsales role at Under Armour where my interest in marketing grew through interactions with the head office team during product talks. That curiosity led me to pursue a Bachelor of Communications majoring in marketing and PR – I didn’t even know what PR was when I started.
According to the Australian Bureau of Statistics (ABS), retailsales were up 19.2 Customers were spending more on clothing, footwear and personal accessories, department stores and cafes and restaurants in July 2022, compared to the 12 months prior, and consumer sentiment was also up, by 3.9
Inflationary pressure on consumer discretionary spending, supply chain disruptions and elevated inventory levels, which tie up a retailers’ net working capital, are set to create the perfect storm for retailers that do not have a strategy in place to ensure they are well positioned for the choppy market conditions ahead.
This, he said, is covering up volume decreases for retailers. Many retailers aren’t keeping up with the inflation rate and seeing negative growth. Success] will be very much about stealing market share from competitors,” Brookes said. It’s fair to say that no one will escape this dilemma,” he said.
According to a report by global data and business intelligence platform Statista , retailsales over the 2023 holiday season are projected to be between $957.3 billion in retailsales the year before. However, retailers dedicated a high portion of their ranges year-over-year to footwear and outerwear.”
billion – with a large question mark over how viable such an expansion would be due to the fact that it is ‘unproven’ in other markets. Australian retailsales have fallen in recent months, and Premier hasn’t been exempt from that. “As Despite this, Lew remains bullish on the prospect of Premier’s brands going global.
“It is quite the milestone, it does mean we’ve officially taken the designer crown of being the longest-running consumer fashion event in Australia,” Matthew Flinn, MFW senior manager, told Inside Retail.
He went on to say that given MLB’s success in South Korea, China and Hong Kong, it is a natural progression for the business to explore other markets in the Southeast region. MLB offers a wide variety of categories from shoes, bags, apparels to accessories. So yes, we believe the brand will be very well received in Malaysia,” he said.
In 2011, Australian swimwear label Bond-eye re-entered the market, after taking a hiatus for several years to recalibrate. Brand identity for strong, scalable growth Today Bond-eye is known for its balance between function and aesthetic, impeccable quality and aspirational marketing campaigns. A major factor is that Bond-eye sells.
The first is the perennial issue of whether or not the various markets can absorb the new space becoming available as developers open the doors of their newest projects. The normalisation of tourism in markets such as Singapore and Bangkok also helped landlords lease space and stabilise rents. Three factors are of special concern.
Global retailers, as opposed to those operating in a limited geographic space, are in the enviable position of being able to offset weakness in one area with strength in another. Now, those retailers are having to modify their expectations. Sales up and inflation non-existent On the surface at least, things are by no means dire.
Chinese consumers are typically known for lavish spending on high-end handbags, clothes and accessories that sustain Western luxury brands. Chinese consumers are “spoiling themselves with those little things and they’re loving something novel,” said Mark Tanner, founder of marketing agency China Skinny.
Data shows the rapid increase in online shopping that defined the first year of the global pandemic has started to fade, as the novelty of lockdowns wears off and government stimuluses run out, and online retailers that once enjoyed record highs are now working harder to drive sales. This time last year, we were all still in lockdown.
US department store 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.
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
The luxury retailer saw net revenue rise 17 per cent year over year to US$3.53 Retailsales of Prada brand jumped 13 per cent, while Miu Miu surged 49 per cent. “In the third quarter, Prada remained on a sound growth trajectory, driven by solid full-price like-for-like sales. .
billion in global retailsales in 2023 , US Polo Assn, the official brand of the United States Polo Association, is reaping the rewards of its strategic expansion across continents, robust digital presence and investment in forging key partnerships. With a resounding $2.4 This series recently won a prestigious Gold LIT Award,” he said.
It is also a gross figure, so it excludes obsolete space exiting the market. If you have a disproportionately large number of leases expiring in one year, it can signal trouble, since it puts the landlord at the mercy of any market shock that might occur in that year. per cent in June.
So in looking for opportunities above the parapet to adapt and innovate, and to prioritise resources right now, it might be useful to first look at the latest data from the Australian Bureau of Statistics, which tells us clothing, footwear, accessories and department stores all experienced a marginal decline in July turnover compared with June 2024.
A decade ago, the advertising and marketing sector was taken to task by Peter Field and Les Binet. But 10 years later, advertisers are falling back into old habits ditching long-term brand-building efforts to purely focus on activation campaigns that deliver sales in the short term. And that applies equally to retailsales data.
In that role, he was responsible for product sourcing, buying, design, marketing, wholesale and retailsales, brand positioning and organisational development. Over the past 20 years Brown has had a “uniquely diverse” fashion retail background, said Duncan, spanning strategic planning, brand management and customer service.
According to estimates by the boffins at the Australian Bureau of Statistics, about 45 per cent of retailsales were made by independents as recently as the mid-1990s, but that number has plummeted to only 29 per cent in the first eight months of this year. These are colossal declines and they don’t seem to be slowing down much.
. “Together, we will push boundaries, exploring bold opportunities to expand into new categories and markets,” she added. The company’s portfolio generates over $7 billion in annual global retailsales across fashion, sports, and hard goods. “Vera Wang is a legend.
In each case, the arrival of these brands in new markets has generally been greeted with huge enthusiasm. Japan experienced sluggish retailsales growth again in the first quarter of 2022, its Ministry of Economy, Trade and Industry reports. Sales were up 0.4 per cent over January-March 2020.
On the sales front, the CEO forecasted continued volatility. In Britain, its biggest market Asos saw sales fall 8 per cent in the four months to December 31, hurt by Christmas delivery problems, which shook customer confidence in online, and a tough comparison against last year when, by contrast, the pandemic pushed people to shop online.
South African-owned Retail Apparel Group has reported strong performance and market gains in its latest results. For the year to March 27, the business’ Australian retail turnover rose 24 per cent compared to the previous year, contributing 15.8 per cent to group-wide retailsales. Australian sales rose to $628.4
In Australia, for example, Australian Bureau of Statistics data indicates that about 43 per cent of retailsales were made by independents as recently as the 1990s, but that number has come down to only 29 per cent being done by them now. Apparel and accessories from 45 per cent to 21 per cent. These are colossal declines.
The impact of Covid-19 restrictions nationally was not as serious as in the early months of calendar 2020 and sales were bolstered by Black Friday, Click Frenzy and Cyber Monday leading into Christmas. One retail group that remains bullish about future prospects is Premier Retail, which posted a 7.2 per cent for October,13.3
It’s a really vibrant space, and we’re so excited to open,” Sandra Kennedy, Sheike’s general manager, told Inside Retail. Founded by Greek immigrant George Lazaridis in 1979, Sheike started as a t-shirt stall at the Sydney markets. I think we need to back that up with conviction,” she said. From t-shirts to eveningwear.
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