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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? Since entering the market, Parachute has raised over $47 million in venture capital.
Myer’s acquisition of Premier Investments’ Apparel Brands appears to be the next step in Olivia Wirth’s plan for the department store’s loyalty program, Myer One. Wirth’s leadership has focused on in-store enhancements, customer loyalty, and curated brand partnerships, helping Myer adapt to and anticipate market shifts,” she added.
If we let it, the voluntary administration of Mosaic Brands can show us the downside of having a large store network while the sale of Premier Investments’ Apparel Brands can show us the upside. The combination of Myer and Apparel Brands is transformational for our business,” said Myer’s executive chair, Olivia Wirth, in a statement. “If
A prospective backdoor listing and a marriage of convenience have enlivened end of financial year stock market prognostications. The marriage of convenience through a Myer acquisition of Premier Investments apparel brands portfolio is more likely to succeed.
Over the past 12 months, we have been building up our selection of products, investing in our operations network, and opening new fulfilment centres, said Anthony Perizzolo, general manager of delivery and supply chain for Amazon Australia. Tinyme COO Ben Hare said the company seeks to broaden its product range.
With the launch of SA1NT Layers, Former 2XU owner Aidan Clarke has gone back to his roots, with a renewed focus on performance and recovery sportswear apparel. We have evolved our moto jeans and fabrics no less than six times, and this obsession to set the standard and keep raising the bar is now driving us to stand out in sports apparel.
Former advertising firm executive Chris Willingham has joined the senior leadership team at footwear and apparel brand R.M. Williams as its new chief marketing officer. Williams names new chief marketing officer appeared first on Inside Retail. He will start on the new role in the coming weeks. The post R.M.
“As Singapore is a strategic gateway to the Southeast Asian market, it was imperative that we launched stores here,” Washing Zhong, country manager at Descente Singapore, told Inside Retail. Throughout its history, Descente has expanded beyond skiing into cycling, running, golf, training, and high-end functional apparel.
Affiliate marketing has become a multi-billion dollar industry globally – but in Australia, the concept remains shrouded in suspicion, largely misunderstood by consumers. Its share of the broader e-commerce market is just a fraction of that in China or the US. Around a quarter of affiliate marketers are working in the fashion sector.
“Vertex Ventures Southeast Asia and India brings deep expertise in scaling startups globally with valuable connections across various markets,” he said. “We We believe the guidance and support from Vertex will significantly accelerate our strategic entry into new regional markets.” billion this year.
During the past year, the outdoor apparel brand launched three stores in the country. Hayden Stevens, AU/NZ marketingmanager at Arc’teryx, said the brand was continuing to expand its Australian experience and the new flagship would provide Melburnians easier access to its range.
Despite shareholders unequivocal approval of Myers deal with Premier Retails Apparel Brands last week, many retail experts remain sceptical of the logic of combining the two businesses. I think bringing on 600 or 700 smaller stores only dilutes management focus, he added. I’m very cautious about [it], Walker said.
Linda Whitehead, former group GM of apparel label Jay Jays, is brand CEO. Lays started searching for its store manager last week, according to a LinkedIn post of head of people and culture Bri Brown. Honey Birdette’s former global CEO Julie Hastings is COO.
The brand delivers a contemporary approach to mindful apparel, balancing design innovation with quintessential ready-to-wear styles. Henne has a dedicated customer relations manager who is responsible for emailing and texting with customers and providing a bespoke brand experience.
The department store chain has yet to name the appointees for the newly created roles of GM of merchandise for beauty, accessories and services and GM of merchandise for women’s apparel. Last July, the company appointed Clarabella Burley, ex-Qantas Loyalty head of marketing, to the same role at Myer.
Set to boast a strong offering of luxury, premium clothing and accessories with an urban style, Police enters the Irish market for the first time at The Boulevard, to join its output in more than 80 countries across all major cities in the Middle East, China and Europe.
Apparel firm Accent Group has entered into an agreement to buy up the Glue Store and Next Athleisure businesses for $13 million. Under Accent Group, Next Athleisure will be transformed into a new division named ‘Accent Lifestyle’, with current chief executive Darren Todd joining Accent Group as Accent Lifestyle’s group general manager.
Nuholt Huisamen, managing director for East Asia Pacific at Levi Strauss & Co., Im also focusing on our pivot towards becoming a head-to-toe denim lifestyle apparel brand. We are also looking to elevate and open a number of stores new and existing across the different markets. For Levi Strauss & Co.,
“Items are returned to Amazon for many reasons – sometimes a product is just not what a customer is looking for, or perhaps there’s a cosmetic defect or the packaging is damaged,” said Amazon Australia country manager Matt Furlong. These items can’t then be sold as new, but are still great quality and are in good working condition.
How do you market to the customer who can get anything they want anytime they want it? 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.
Interstore | Schweitzer has created and implemented the new 2000 m² BRIDGE market Flexstore concept in Zurich for the largest Swiss retail company, Migros. BRIDGE market has been conceived as the connector between a diverse fresh food market, creative catering with products from local partners and a wide range of events.
Once positioned at the pinnacle of the American apparel industry, the BCBG Max Azria Group faced a series of fiscal and operational difficulties, which led it to file for Chapter 11 bankruptcy protection on February 28, 2017. This market segment is expected to reach $150 billion by the end of 2030 with a compound annual growth rate of 5.96
A study released by global apparel and accessories retailer 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?
Lululemon has posted a double-digit sales growth for the fourth quarter, which management said exceeded their expectations. The athletic apparel brands net revenue for the quarter ended February 2 soared 13 per cent to $3.6 Comparable sales rose 3 per cent, with the Americas flat and international markets up 20 per cent.
Led by co-founder and creative powerhouse, Mikey Nolan, Double Rainbouu has managed to carve out its own lane in the Australian fashion industry and gone on to make a name for itself internationally, specifically in the US, European and Japanese markets. “I I think that we try to bring just a fun and a playful sense of humour.
Products in the collection include moisture management and medical-grade sports compression, squat-proof tights, and anti-pill training tops. Eighteen years ago, I saw a massive gap in the performance market, which is still evident today – especially in the high-performance market,” Clarke said.
billion to Nikes market value, which has been struggling as of late. With a renewed focus on marketing and products geared toward female customers and a partnership with retails current it girl Skims, some retail experts think the brand has a decent shot of taking back its spot at the top of the commerce ladder. The jump added $6.7
Despite modestly positive expectations for 2024, the luxury retail market 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.
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. But offering a variety of everyday products like dish detergent and floss is helping Amazon. Amazon is also facing competition from rivals at home.
Although retailers typically accept returns as a cost of doing business, more and more are struggling to manage the onslaught of returns caused by online shopping. 4 Apparel leads the pack for the number one category of product returns at an estimated 46.5%. The Consumers Behind Fashion’s Growing Secondhand Market.
Athletic apparel brand Under Armour posted revenue of US$1.6 The company, however, still struggles to gain ground in a more challenging market, he added. Direct-to-consumer revenue rose 3 per cent to $596 million after the company managed to control the sales experience and tell a story around its merchandise.
Our objective is to identify opportunities to deliver a step-change in Myer’s market position and generate strategic and financial benefits.” The company noted that its discussions with Premier Investments about a potential merger with Apparel Brands are progressing.
Plus-size apparel company City Chic has sold its Evans brand to AK Retail Holdings for GBP8 million (AU$15.5 We are continuing with the rationalisation of our product offering, streamlining our supply chain and focusing on cost management.” million acquisition facility. “We
However, one industry newcomer that has managed to buck all expectations is True Classic. 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.
billion in cash, marking EssilorLuxottica’s first venture into the apparel category. Supreme was never a good fit for VF,” said Neil Saunders, managing director of GlobalData. per cent of the luxury eyewear market. The advantage is that the streetwear label is backed by an investor who is performing and knows global markets.
Accent Group announces management shakeup. Apparel firm Accent Group said Australian billionaire Brett Blundy will rejoin its board after resigning last year and current chief executive Darren Todd will join the group as Accent’s lifestyle’s group general manager. Valentino appoints CEO for Greater China.
We’ve had a look at the opportunities within the market globally. The other opportunity is taking SkinKandy’s team of experiential piercers with safety, compliance and technical expertise to a mass-market retail environment. “I The company is going through what CEO Dain Friis describes as a “v ery rapid expansion ”. “We’ve
Weve had such a mass consolidation of retail over the years, that I feel like were underestimating the power of great creatives, merchants and marketing talent. Which is very, very significant in industries like apparel, footwear or beauty. How have you been able to manage that? I was one of the first.
Sports apparel company Under Armour has reported a rocky start to fiscal 2025, with revenue down 10 per cent to US$1.2 Meanwhile, earnings from apparel decreased by 8 per cent to $758 million, footwear sales plummeted by 15 per cent to $310 million, and accessories revenue decreased by 5 per cent to $93 million.
Marcus Ng, regional head of air freight, Asia Pacific, at AP MllerMaersk, notes that the Sea-Air option where some products are shipped rapidly by air and others less quickly by ocean has been particularly attractive to some lifestyle apparel retailing customers.
Skechers has selected actor Lawrence Wong as its Singapore brand ambassador for the second year running, in an ongoing effort to strengthen its appeal to a broad consumer demographic in the saturated market. As a result, there has been a surge of interest in footwear and apparel that provide great walking and running experiences. “We
Compared to its sister brand Kmart, which has seen its market share grow exponentially in the past decade, Target has been suffering a slow decline, with its position in the middle of the market – not quite as value-based as Kmart, and not quite as high-end as Myer – making matters worse.
A recent survey found that 74 per cent of second-hand shoppers do so to manage their household expenses, while many also create their own thing in resale as a secondary source of income. The second-hand apparelmarket in Australia is predicted to grow from $578.10 million in 2023 to an estimated $1,598.37
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. The post New Balance bottles its scent and enters the beauty space with Grey Store appeared first on Inside Retail Australia.
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