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Myer’s net profit tumbles as labour, marketing costs increase

Inside Retail

The department store chain noted incurring higher employee costs, higher support office costs related to a new marketing agency and a separate investment in transformation capabilities. ” During the period, Myer completed its merger with the apparel brands business of Premier Retail. Sales remained flat at $1.83

Marketing 262
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How Parachute’s consistent marketing and quality designs won over millennials

Inside Retail

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.

Marketing 244
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Myer seeks to merge with Premier Investments’ Apparel Brands

Inside Retail

Department store group Myer has proposed to combine its business with Premier Investments’ Apparel Brands, comprising Just Jeans, Jay Jays, Portmans, Jacqui E and Dotti. ” Apparel Brands has 717 stores across Australia and New Zealand, and generated revenues of $845 million in the last fiscal year. “The

Apparel 306
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Apparel retailer Accent Group forecasts $80 million earnings

Inside Retail

Apparel retailer Accent Group the parent of Platypus and Hype DC, among other labels expects to achieve earnings of $80 million for the first half of the fiscal year. The post Apparel retailer Accent Group forecasts $80 million earnings appeared first on Inside Retail Australia. The group reported a 4.6

Apparel 130
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Premier Retail forecasts lower sales in fiscal first half

Inside Retail

It estimates global sales of its apparel brands business to range from $405 million to $412 million and its underlying EBIT between $31 million and $35 million. The apparel brands consist of Just Jeans, Jay Jays, Portmans, Dotti, and Jacqui E.

Apparel 264
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Myer’s strategic moves suggest the future of retail is consolidation and loyalty

Inside Retail

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.

Apparel 252
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American Apparel set for Australian comeback

Inside Retail

American Apparel is relaunching in Australia and expanding into New Zealand, releasing its new season range online online. “We will also be bringing our newest collections and styles of American Apparel to those markets and will be supporting the brand with our Craft the Culture campaign. .

Apparel 273