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The marriage of convenience through a Myer acquisition of Premier Investments apparel brands portfolio is more likely to succeed. A merger with Sigma Pharmaceuticals remains the preferred option for restructuring Chemist Warehouse but if that plan is quashed by regulators or Sigma shareholders there is a plan B.
Indeed, 2025s business plan includes piloting large-format stores in such locations. 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. For 2025, the companys business plan is to end the year with about 200 stores.
2025 marks a year of accelerated growth, with a strong focus on premiumisation, direct-to-consumer expansion, and a broader lifestyle offering beyond denim. Nuholt Huisamen: This year, Im looking to continue our bricks-and-mortar expansion in the region, especially within the East Apac region. For Levi Strauss & Co.,
French outdoor adventure and lifestyle brand Salomon has recently become a staple of style-conscious sneakerheads, despite traditionally being known for its functional hiking and trail apparel. The unique set of Salomon partner trail events is an expansion of its global strategy.
Canadian activewear brand Lululemon Athletica aims to double its business through category, retail and market expansion and product innovation. billion is our [FY]26 plan, which we are currently ahead of schedule, with the intent to remain ahead of schedule. Sara Eisen : I want to talk about you and your journey. CM: In [FY]24.
Fast Retailing, the parent company of Japan apparel retailer Uniqlo , has announced the locations for 11 new stores in the US, on its way to a target of 20 openings in North America this year, which in turn is the first instalment on its plan to reach 200 stores in 2027. The 11 openings so far announced are all in malls.
The executive said the new funding will be allocated across three strategic focus areas: product innovation and expansion, omnichannel retail presence, and international expansion. “We We plan to experiment with a mix of retail models, including a shop-in-shop format and our branded stores,” Pham said. billion this year.
Key growth was seen in insulation apparel and rainwear categories in Australia as like-for-like sales increased by 12.4 The retailer has plans to open 30 new stores across its four core businesses in the next financial year and add five new Rebel Customer Experience-format stores. per cent to $176.8
The expansion reflects the brand’s efforts to solidify its position within the local market, with additional store openings on the horizon to close out 2024. Takuya Saito, managing director of Muji Australia, spoke to Inside Retail about the company’s plans to grow its bricks-and-mortar presence in Australia and the strategy behind it.
Located at 514 Broadway, the store will mark a “significant milestone” in the brand’s expansion in the US and allow it to have a deeper connection with Gen Z customers on the East Coast, the company said. Spanning 8000sqft across two levels, the venue will offer more than 5000 apparel, footwear and accessories products.
The company also plans to increase its presence across the island and beyond. “As He added the Singapore debut is expected to build momentum for future expansion into neighbouring Southeast Asian markets with a strong retail infrastructure, its cosmopolitan consumer base, and its status as a hub for innovation and lifestyle trends.
From eye-catching brand partnerships to strategic category expansion, Farm Rio is slowly but surely taking the world by storm, one tropically patterned print at a time. The brand has no plans to stop there. Tropical fruits and flowers. Jungle prints. Indigenous-inspired textiles.
Last week, multi-franchise mogul Kim Kardashian announced the latest addition to Skims, her shapewear and apparel line, with the launch of a new product range dubbed S k ims Men. In addition to the expansion of the menswear market, there is also a growing demand for innovation within the men’s underwear industry.
The 1210sqm store will feature the entire LifeWear range, including ’23 Spring Summer Collection, six self-check-out machines, and 12 changing rooms for consumers to try on the apparel. Uniqlo accelerated its expansionplans last year by introducing a new brick-and-mortar store in Adelaide’s Myer Centre.
The stores opening represents more than a milestone in Staxs physical retail expansion; it is the culmination of years of strategic planning, innovation and adaptability. Building a global brand In 2015, Don rebranded his original supplement and fitness business, Muscle Stax, to Stax and started focusing exclusively on apparel.
South California activewear label Vuori has outlined its plan to enter Australia and six other countries, its first international venture since inception. . The expansion follows years of explosive growth and a US$400 million investment from SoftBank Vision Fund 2, which took its value to $4 billion as of last October. .
Now, the at-home pilates provider – which sells and rents reformer pilates machines, or beds, and operates an on-demand platform of exercise videos – is embarking on a global expansion. In May, Peloton CEO Barry McCarthy announced plans to step down.
Smiggle international expansion has proven successful for Premier Investments’ shareholders with its offshore expansion after delivering sales of $183.9 Moreover, Premier Investments has not had to tackle the seasonality of the UK market, an element that defines apparel and pyjama collections.
An untapped apparel market Consumer demand for gender-neutral clothing or unisex fashion styles has been growing in recent years. Also, many apparel brands that market themselves as being gender-inclusive simply sell baggy or oversized clothing that is not specifically designed to accommodate the needs of trans or nonbinary consumers.
Online South Australian apparel brand ORTC Clothing Co has opened its first physical location in Norwood, Adelaide. . Under the partnership with Adelaide-based interior designer, Georgie Fried of Alchemists ID, the store is located on The Parade and boasts three open-plan spaces.
Alternatively, the potential breakup could just be a case of prudent estate planning given Lew is now 78 years of age and one of Australia’s wealthiest individuals. The timing tends to infer that Murray was not keen on the breakup plan or didn’t see a suitable role for himself in the future. billion to $1.64
It is not by accident that Paul Smith has become one of the most recognised names in the apparel industry today. Inside Retail connected with Danny Power, president of Paul Smith North America, to learn more about his overarching goals for the brand’s international expansion and how he started his retail career.
As part of a campaign extension, the apparel retailer also works with First Nations Artist Jake Simon to produce an exclusive local capsule collection. Last year, Calvin Klein launched its first multi-brand lifestyle store in Brisbane, as part of its expansionplan in Australia.
When you look at the vibrant tones and silky silhouettes of Silk Laundry, it’s easy to see how this Australian-born apparel brand has captured the hearts of Hollywood ‘It’ girls like Heidi Klum, Emily Ratajkowski and Priyanka Chopra. In June, Silk Laundry opened its first US-based bricks-and-mortar shop in Los Angeles, California.
“Over the past few years, we’ve been focused on meeting consumers where they are already spending their time, such as the expansion of Disney store shop-in-shops around the world,” said Stephanie Young, president of Disney’s Consumer Products Games and Publishing. “We
The demise of the unattainable, airbrushed and aspirational model, and the movement towards a more realistic reflection of society in the intimate apparel retail sector, is not merely a trend, it’s a new way of doing business. All are welcome and we never stop learning,” said Windram.
Australian sporting goods and apparel chain Rebel has expanded its omnichannel offering with a revamped website that aims to bring some of the experiential elements of Rebel customer experience (rCX) concept stores online. It also features a yoga and pilates section with relevant equipment, apparel and accessories.
Meander Apparel – a sustainable outdoor clothing and lifestyle brand with its flagship stores in Stockbridge, Edinburgh and Seven Dials, London – has secured funding from the British Business Bank as it gears up for the launch of its crowdfunding campaign later this month.
In the fiercely contested and competitive footwear and apparel space, New Balance is one of the fastest-growing global sports brands, with the organisation attracting and engaging the next generation of customers. Regarding the brand’s domestic expansion, Clark said that the goal isn’t saturation.
The apparel brand entered the retail scene in 2002 and quickly became known for its vintage-inspired denim with wide, white stitching and recognisable smiling Buddha and horseshoe logos that were endorsed by celebrity icons such as Paris Hilton, Jessica Simpson and 50 Cent.
With the renewal of Lawrence Wong as our brand ambassador, we have many exciting campaigns and physical events, including launches and collaborations, planned for the year, and we cannot wait to share them with our customers,” Zann Lee, managing director of Skechers Southeast Asia, told Inside Retail. sale last year.
In those early stages, he also had an eye on international expansion. This included its direct-to-consumer online business model, local and international wholesaling partners, and category expansion across childrenswear, activewear and menswear. Having a global outlook really helped grow the business to where it is today.
In a call with analysts on March 12, Zwillinger stated that the company plans to close between 10 and 15 underperforming US stores in 2024, about a third of its total number. From Warby Parker, Allbirds and others; the CEO touts the new cash to fund capex and store expansion. million in 2022, or 56 per cent of total revenue.
Willmott revealed that Hard Yakka is planning to introduce a range of new products, which “stretch the thinking” on what’s traditionally considered to be workwear. The other thing on our horizon is international growth and expansion,” Willmott said. It is an extra driver for people to consider the brand as well.”
Demand for contemporary gym apparel and activewear is growing in the APAC region, and health is more important than ever before. Our Power of Three x2 growth plan calls for a doubling of the business from 2021 and net revenue of US$6.25 To do so, Lululemon is focusing on product innovation, customer experience and market expansion.
General Manager for Brand Collective’s apparel brands Superdry and Replay Jeans , Alastair Davies is responsible for driving brand awareness and growth for the international brands across the ANZ region. Can you discuss the brand’s expansion in Victoria, and the new store in Doncaster? IR: On to Superdry.
The world’s largest retailer shared expansiveplans for the future of retail at the recent Consumer Electronics Show (CES 2024), focusing on adaptive retail strategies that encompass realms of customers, workforce and society. Walmart is not resting on its laurels.
Rather, the Australian swimwear company – which also has an accessory and apparel line – has big plans at home and abroad. The move represents an additional step for the swimwear company’s expansionplans, after setting up a UK-based operation in 2016.
Mitchell & Ness (Philadelphia) is planning to significantly increase its physical footprint with five to six store openings in the U.S. The 117-year-old purveyor of heritage sports apparel was acquired from Adidas by a private equity firm in 2016. Two or three of those stores will open next year, and the rest will open in 2023.
For the uninitiated, Kicks Crew is an e-commerce marketplace for sneakers, apparel and accessories, and it offers over 400,000 unique styles online and ships worldwide. Expansion on the cards. The post Sneakers for all: How online marketplace Kicks Crew plans to take over the world appeared first on Inside Retail.
For the uninitiated, Kicks Crew is an e-commerce marketplace for sneakers, apparel and accessories, and it offers over 400,000 unique styles online and ships worldwide. Expansion on the cards. The post Sneakers for all: How online marketplace Kicks Crew plans to take over the world appeared first on Inside Retail.
This market has long been key to the Levi’s East Asia Pacific expansionplans. Our efforts in Singapore will help to inform our strategies in the APAC market around diversifying the business across geographies, apparel categories and distribution channels,” Huisamen explained.
The opportunity to meet consumer demand is more than apparent with the Australian children’s apparel market tipped to have a value of about $5.39 ” In the latter part of next year, BMG plans to have around eight brands within its existing portfolio live in the Australian market. First up is the US$2.4
says it has grown by a total of 45-plus stores this year and plans to keep that momentum going, with several new locales planned for coming months. Additionally, every store offers local apparel and gifts inspired by area attractions, businesses and themes.”. Rally House (Lenexa, Kan.) and Ames, Iowa. South Bend, Ind.;
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