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The international success of prominent K-pop artists such as BTS, Blackpink, and Stray Kids has catalysed unprecedented levels of consumer engagement, resulting in expanded market opportunities for merchandising. As the K-pop industry continues to boom, merchandising has become increasingly lucrative.
When you think about the types of businesses millennials and Gen Z consumers frequent, apparel or beauty brands may come to mind first, but what about home goods? Launched in 2014 by former digital strategist and account planner Ariel Kaye, Parachute is a minimalist brand designed with the millennial consumer in mind.
The marriage of convenience through a Myer acquisition of Premier Investments apparel brands portfolio is more likely to succeed. However, the merger plan faces a likely regulatory hurdle after the Australian Competition and Consumer Commission has indicated a number of competition concerns.
It all adds up to a nasty bite to the pocketbook of consumers everywhere who are looking to shower one of the worlds favourite romantic gifts on their loved ones. Consumer confidence is weak and getting worse. Sales of apparel were particularly strong, attributed by the company to low temperatures. on a scale of 0-100.
Another way Ulta Beauty uses technology to enhance the customer experience is by investing in educational video content from beauty brands to enhance the store associate’s ability to educate the consumer about a product.
Consumer interest in retail third spaces American apparel and accessories brand Coach recently opened a Coach Coffee Shop within the Jersey Shore Premium Outlets. It comes as retailers and consumers adapt to a post-pandemic world and younger generations display interest in non-digital spaces and growing financial independence.
Traces of banned Chinese cotton were found in 19 per cent of a sample of merchandise selling at US and global retailers in the past year, a study showed, highlighting the challenges of complying with the US law aimed at blocking imports of cotton linked to forced labour in China.
Over the last year to seven years, however, these brands have launched impressive comeback strategies, bringing them back onto consumers radars. Other examples of Gaps elevated fashion mission efforts include collaborations with aspirational apparel brands like Den and Cult Gaia.
Any retailer worth its salt understands that consumers’ shopping behaviour varies across different age demographics. The data indicated a strong correlation between age and the type of shopping centers that consumers visit.
There has to be a reason that resonates with the consumer to make them want to make a purchase and ultimately want to continue to have loyalty to your brand and be a part of it. Which is very, very significant in industries like apparel, footwear or beauty. You need to totally build the shopping experience from the consumer backwards.
In July, the S&P 500 Textiles Apparel & Luxury Goods Industry Index, which tracks the performance of companies in the textiles, apparel, and luxury goods industries, experienced a 30 per cent decline compared with the year prior. The term 1-per-center refers to the wealthiest 1 per cent of consumers.
Fans of both brands fell in love with the spunky and sporty apparel, and the collection immediately sold out online and in numerous Adidas stores around the world, ultimately helping sharpen Farm Rios focus on the opportunity for global expansion. But what is behind the US consumers love for this Brazilian brand?
Since joining H&M in 2014, Li has worked her way through several different roles at the Swedish-born accessories and apparel brand, including merchandising, store development and e-commerce, to her job as head of customer activation and marketing for H&M Americas.
Athletic apparel brand Under Armour posted revenue of US$1.6 The dip in North American sales continues to be a concern as this is Under Armour’s largest market by some margin, and is also a region where consumer spending has, generally, held up quite well.” Apparel revenue increased 3 per cent to $1.1
It is not by accident that Paul Smith has become one of the most recognised names in the apparel industry today. DP: I’ve worked in all aspects of fashion and retail, from operations to wholesale and from merchandising to retail. If I could get every consumer target in North America to meet him personally I would.
Alibaba Group Holding missed analysts’ estimates for second-quarter sales on Friday, as persistent economic uncertainty sapped consumer spending in China and weighed on the e-commerce group’s domestic business. The company reported an adjusted profit of US$2.08 per American Depository Share, beating estimates of $2.06.
Heritage international apparel brands Izod, Van Heusen, and Arrow are set to have a new owner after Authentic Brands Group reached an agreement to purchase them from PVH Corp. The three brands have about 60 licensing partners around the world, crossing the apparel spectrum and extending into furnishings, fragrance and homewares.
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. It’s “pretty easy to choose to supply” lower average selling price (ASP) merchandise, but much harder to be able to afford to supply them, Jassy said on Thursday.
Five years after launching into the market with its hero product, a true-blue fitted t-shirt, the brand now operates 9 brick-and-mortar stores, alongside thriving direct-to-consumer and wholesale operations. IR : What strategies, from merchandising to marketing and more, does True Classic incorporate to stay ahead in this market?
All eyes are on Canadian athletic apparel brand Lululemon, after it was fined for selling poor quality down-feather vests in China. Riding on China’s new-found obsession with health after the pandemic, Lululemon built a new cult following among Chinese consumers. Fortunes turn quickly.
This article delves into the psychological effects of the Olympics, explores how they influence consumer behaviour and provides insights into what retailers can do to capture and extend the positive sentiments the 2024 Olympic Games in Paris will generate. Let’s break some of them down and look at a few examples more closely.
Woolworths Group’s announcement earlier this month that it will no longer sell Australia Day-themed merchandise for the upcoming national holiday due to “a decline in demand” has been met with praise by supporters and calls for a boycott by critics.
New Balance has entered the beauty market in celebration of opening a premium direct-to-consumer retail store in Australia this December and it smells like luxury on and off the court for the apparel brand. It is set to open on December 19 on Sydney’s luxury retail strip George Street and offers a premium retail experience.
With social media driving brand awareness as well as sales, more and more brands are choosing to diversify their product range or align with influential figures to flaunt their merchandise. Ferrari is hoping that by diversifying its range it can appeal to a broader range of consumers.
This is particularly true for footwear and apparel retailers. Research cited by RetailDive indicates that consumer spending on goods like apparel, accessories, and footwear declined by 15.7% Visual merchandising. Visual merchandising is one of the most powerful conversion tools for brick-and-mortar stores.
The changes only occur on the business’s back end, with Target and Kmart remaining separate consumer-facing brands and store staff unaffected, Bailey was quoted by the Australian Financial Review (AFR) as saying. Kmart will continue to be price-driven and Target largely centred on affordable apparel and soft home furnishings, he added. “I
Australia’s thriving First Nations economy was on full display at a pop-up market in Melbourne last night, featuring artwork, apparel and homewares from several Indigenous brands and businesses. You need to distinguish between being an ally and being a committed ally, and not tokenistic.”. Boosting their confidence. Yarli Creative.
Executives are very focused on the consumer and are ever keen to understand what they want. In merchandise terms, Abercrombie continues to hit the right notes with its elevated casual offer and its range of relaxed styles for men and women. Why Abercrombie & Fitch has performed where others have not is an important question.
per cent), while traditional mall mainstays like apparel (+2.9 There, merchandise sales in the aggregate have wobbled downward in just about every month of the year so far. And better yet, unlike in China, consumers in Vietnam still have an appetite for buying up merchandise rather than just coming to the mall to have a good feed.
Earlier this month, popular US-based intimates brand Parade was acquired by Ariela & Associates International (AAI), a global manufacturer of branded and private-label apparel. With smaller but more responsive followings, these micro-influencers helped build an organic and socially engaged audience base.
If you show up all year long, like what Mac Cosmetics does, then the consumer sees that and if they feel the authenticity, just like in any other way of marketing, then they’ll come to you,” said Doug Jensen, senior vice president at Estée Lauder Companies. So we’re testing that, we’re seeing how the consumer reacts to it.”.
The centre features a grooming salon with self-service options, a full-service veterinary hospital, a curated mid-tier and high-end merchandise assortment, a cafe specifically designed for a canine clientele, and more features to serve the needs of man’s best friend and their owners.
Winnie Park has quite the resume in apparel retail, having worked as senior director of merchandising at Levi Strauss & Co and executive vice president of marketing at DFS Group. Inside Retail : How would you describe the average Gen Z consumer today? Instead, Gen Z looks for an ally in their journey of self-expression.
The retail world of general merchandise, apparel and personal care is currently in a transformative phase. Consumers of today are discerning, informed and values-driven. For general merchandise, it’s an opportunity to prepare today, for tomorrow’s success. 2D barcodes are set to revolutionise the way we do business.
Innovation room : Where partner brands bring to life interactive transitional experiences from month to month, such as the cusomisable Lebron James t-shirt activation at launch; Energy zone : Where key campaigns come to life with over-the-top merchandising and storytelling to engage customers in a more immersive way.
Consumers who use the service are often effusive about the technology, with Reddit threads about it. But for an apparel company, where the cheapest product might be a $3 pair of socks, the most expensive a $200 jacket, the benefits of using RFID tags now justify the cost. Our designers and merchandisers still read reviews and feedback.
This is not just a transient trend but a robust response to the changing consumer, who now craves the tactile satisfaction of in-store shopping along with the personalisation and convenience of online commerce. Today’s consumers might browse products online and then feel, try and buy them in physical stores.
The grand reopening of Levi’s Bangkok flagship at CentralWorld marks a significant milestone in the brand’s direct-to-consumer trajectory and speaks to its commitment to the region. The region holds immense potential, with its vibrant markets and growing consumer base of young millennials and Gen Z shoppers.
Sovereign Centros has announced the opening of Lids, a leading global retailer specialising in licensed sports and fashion-oriented headwear and apparel, at top 10 retail and leisure destination Merry Hill. Lids offer an immersive shopping experience of extensive licensed and branded merchandise.
With high inflation and climbing interest rates, consumer sentiment is set to plunge further, with retail spending set to decline in the June quarter. But what are the implications of a retail recession, and just how damaging will it be for retailers and consumers? The consumer is certainly hurting,” he said.
Working with international and local artists, the media company is selling a range of limited-edition merchandise and collectibles from popular TV shows and films including Minions , Felix the Cat, Jaws , Back to the Future and Jurassic Park. What’s unique about the Univrs merchandise is that we’ve created something for every type of fan.”.
Choe joins Vans after has nearly 30 years leading design and merchandising for brands including Lululemon, Marc Jacobs, West Elm, Madewell, Urban Outfitters, Levi’s, and the Gap. She formerly held leadership positions of increasing importance at Urban Outfitters, including executive director of women’s apparel and accessories.
percent last month as the effect of the stimulus checks on consumer spending fades, reports CNN. Apparel sales, which have taken the brunt of the lockdowns, were up 3 percent in May as Americans begin to return to public life. Retail Sales Down Slightly in May appeared first on Visual Merchandising and Store Design.
Aiming to make "buying cannabis as enjoyable as consuming it", the company has prioritised creating products and retail environments that have a nostalgic feel. SuperMarket follows the blueprint of a quintessential neighbourhood grocery store, from the interior design and customer flow to merchandising and product assortment," the team said.
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