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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
Venetia Fryzer, an Edited retail analyst, noted that bridal accessories have gained popularity in the US market, as lower-ticket items that can be worn from engagement through to honeymoon. Signet Jewellers, the world’s largest retailer of diamond jewellery, is anticipating 2.5 million last year.
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.
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.
“We expect more retailers to come on board the trend, should they have the resources and suitable use cases, and where it has been demonstrated to meet their strategic objectives,” he explained. He went on to say that adoption and implementation would vary across retailers, markets and product categories.
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 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.
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?
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 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.
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.
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.
The store has Marimekko’s customary colourful and upbeat prints, impressed on a curated range of clothing, accessories and ceramics. Both these retailers – Moleskine and Lojel – complement another Japanese retailer, Loft, which has a much larger footprint on the same floor of the mall.
” “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.
This enables users of eBay’s US site to purchase some products listed on the Rakuma official shop, primarily apparel and accessories. Mercari was founded and first launched onto the retail scene in Japan in 2013 and launched into the US online retailmarket just a year later. billion, up from US$1.2 billion in 2022.
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.
He expects future rate rises before overall deflation in the retailmarket occurs. After which, Walker hopes that the retailmarket will stabilise. “I Eroding buffer Walker anticipates that the effect of interest rate rises will peak around March or April. I think this next quarter is the one to watch out for,” he said.
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.
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.
Jalil emphasised the parallels between the UK and Australian retailmarket, “I could be in London today, the parallels are uncanny, more than any other market,” he said. “I I was quite surprised where a few of the biggest brands today sat in the Australian retailmarket,” he added.
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.
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.
In a discussion with Mytheresa’s North American president Heather Kaminetsky , the retail executive said that exclusive fashion and accessory items, such as capsule collections with designer brands Gucci, Bottega Veneta, Loewe, and Brunello Cucinelli, aren’t the biggest drivers of Mytheresa’s rising status in the American retailmarket.
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.
She noted that culture and weather play a huge role in shaping the Singapore retailmarket. “We have always taken pride in the fact that we have a diverse and high-quality range that we offer to discerning consumers at a very affordable price point,” she said.
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.
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.
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. What are some of the new skills and knowledge that retailmarketers need these days to be successful? I find it very inspirational as a business owner. .
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.
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.
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.
The next step is to not only think about the clothing itself, but also about the wearer and how they want to shop. All fashion brands should be adapting their items to the vast array of consumer needs: the technology is already here.
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
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.
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. This shift will see shoppers engaging more with brands that have strong environmental and social credentials.
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.
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 We are thrilled to be opening our very first US Flagship in the Miami Design District and looking forward to continuing our footprint in the US retailmarket,” said Lee in a statement.
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.
Dr Louise Grimmer, a senior lecturer in retailmarketing at the University of Tasmania, believes City Chic’s results reflect a wider issue across the apparel sector – the increase in people working from home. “It It is obviously impacting footfall in retail centres and reducing the numbers of unplanned and spontaneous store visits.
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.
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
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.
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