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The recent opening of Lululemon’s new flagship at Emporium Melbourne marked a key milestone for the brand and its robust growth strategy in the region. Inside Retail spoke with Paul Tinkler, vice president of Lululemon ANZ, about the significance of this opening and how it fits into the activewear brand’s broader business strategy.
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
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. appeared first on Inside Retail Australia.
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.
Caledonia Park achieved record-breaking performance in 2024, with total sales surpassing 2023 levels and footfall up 8%, underlining the impact of its targeted leasing strategy tailored to evolving consumer demands. Black Friday weekend was particularly successful for the scheme, with a 19.1%
Its not a bad ploy and it fits well with the broader expansion strategy, but even so, this is a company with much greater ambition than selling pens to students. According to the company, Thailands retailsales increased by 8.9 Indeed, 2025s business plan includes piloting large-format stores in such locations.
A key factor has been the decline in attendance of international delegates,” Iacono, CEO of strategy and sustainability transformation consultancy at The Growth Activists, told Inside Retail. Retailsales are extremely patchy and discretionary spending is down,” stated Garland.
Shein and Temu have specialised in offering dresses, accessories and gadgets “that the consumer is less time-sensitive about,” he said. Amazon on Thursday reported a 7 per cent improvement in retailsales in the third quarter. In the second quarter, its retailsales had risen 5 per cent.
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.
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.
Regarding his own businesses, Brookes is reducing profitability expectations over the next 12 months, and focusing on investments in acquisitions and new stores, as well as pricing and marketing strategies. We’re particularly seeing it in areas such as electronics and homewares, and are starting to see it in apparel and accessories.” “As
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.”
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.
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
MLB offers a wide variety of categories from shoes, bags, apparels to accessories. I believe we can be prepared for times like this with the right strategy in place. The brand offers good quality and on-trend lifestyle fashion that caters to a broad audience. Stay tuned,” he said.
The head of retail at Accent Group’s Hype DC, The Trybe and Subtype ispassionate about championing retail as a career, and a lucrative one at that, and firmly believes that leaders can lead with empathy and get commercial results. A year later, the children’s footwear retailer Trybe was added to her plate.
All four brands are globally distributed with strong retailsales and partnerships throughout Australia, New Zealand and North America, and a growing presence in Europe. Bond-eye currently has a presence in 31 countries through its direct-to-consumer (DTC) e-commerce business and global retail partnerships.
To say that the Covid-19 pandemic disrupted the retail industry would be an understatement. However, with international borders open again, and everyone seemingly heading to Europe in recent months, the travel retail market is booming. per cent ove overall sales.
Closer to home While much of Premier’s plan for growth is centred overseas, there are still opportunities in its existing markets, Premier Retail’s interim chief executive John Bryce said, despite the growing cost of living in its home market of Australia. As far as the impact of the cost of living on our consumers, it’s valid,” Bryce said.
That percentage is likely to rise even further, since food and beverage operators account for the most leasing inquiries for space, followed by health and beauty, and then fashion and accessories. More broadly, while Singapore retailsales have been floundering in recent months, there are a few bright spots. per cent in June.
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. It’s all too easy to get stuck dissecting the monthly ABS retail data.
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.
It’s a really vibrant space, and we’re so excited to open,” Sandra Kennedy, Sheike’s general manager, told Inside Retail. Online is a major contributor to our business and one that we will continue to champion and invest in strongly – just like our bricks-and-mortar strategy. They really work hand in hand for us,” she said.
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 million in global sales.
Cognition Research principal Bill Morgan told Inside Retail that the world of new retail is undergoing rapid change. Amid economic uncertainty, he said that many retailers were bracing for a significant fall in retailsales this year, and are subsequently cutting marketing and capital expenditure budgets.
It’s a crucial strategy to make your products stand out in a competitive retail space. Now, visual merchandising is an essential strategy that brands use to sell more products inside the store. Your visual merchandising strategy includes everything customers see as they pass by your merchandise. Window Displays.
IR: Can you discuss the split between e-commerce and physical retailsales, and whether there are distinct strategies in place for each channel? Do you think the physical locations are or will enhance online sales? LR: We don’t view online and offline as disparate strategies.
While retailsales at Miu Miu grew 93 per cent year on year, supported by all categories and regions, sales of the Prada brand increased by 4 per cent year on year in the period. Regional sales data further highlighted the groups resilience and ability to navigate challenging market conditions.
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