This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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
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.
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 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
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.
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.
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. .
per cent to $296 million and the Apparel Brands business, which includes Just Jeans, Jay Jays, Portmans, Jacqui E and Dotti, fell 6.4 “The last 12 months have highlighted significant future opportunities for each of Peter Alexander, Smiggle and the Apparel Brands,” said Solomon Lew, chairman of Premier Investments.
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.
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
Mountain bike apparel startup, Norman, has unveiled its first range of sustainable and ethically-produced clothing that combines “support and utility with a modern minimalist aesthetic”. Norman’s sustainable bike apparel range is available at SRP between $89.95
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. He attributes this new positioning to driving the huge growth of the brand in the Australian and New Zealand markets.
If you don’t have your narrative set, someone else will tell your story, said Katie Welch, the chief marketing officer of Rare Beauty. Ross wanted to find a haircare brand that carried products suited to a wide variety of hair textures that were also marketed and presented in a quality manner.
The post Australian Fashion Council unveils trademark for Aussie apparel appeared first on Inside Retail. A multi-channel promotional campaign and consumer website will launch in August. Brands can apply to use the trademark online.
Apparel brand The Upside has partnered with fitness franchise Strong Pilates to launch a sustainable activewear collection. The post Apparel label The Upside partners with pilates chain in sustainable collection appeared first on Inside Retail Australia.
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.
.” The campaign showcases the dedication required to become a champion through rigorous daily physical and mental training, while highlighting the latest men’s training apparel, including the brand’s Metal Vent Tech franchise.
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. It was valued at US$200 million in 2022.
It’s not easy to be a mid-market retailer in Australia right now. There is increased competition from e-commerce players, the local market and major international brands. Our numbers continue to get better and better when technically the market remains challenging. We’re a mid-market Aussie retailer.
The bad news was that company CFO Mat Friend admitted that Nike fell short of its plan, telling investors on its June 27 conference call: “We experienced meaningful shifts in consumer traffic in key markets – particularly in Greater China, where brick-and-mortar traffic declined as much as double-digits versus prior year.”
“The partnership with Blauer represents a clear opportunity for us: to explore new expressive possibilities of our brand through apparel that puts the consumer in touch with the Pirelli world of emotions, identity and passion,” said Marco Maria Tronchetti Provera, SVP of design and assets conversion at Pirelli.
“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.
Walmart and Petco are just the latest examples of a trend among both specialised pet care retailers like Petco and Chewy, and mass-market retailers such as Kohl’s, and Lowe’s, of expanding pet care services and product ranges to meet the needs of an increasingly pet-centred society. The pet perfume market alone was estimated to be worth US$1.4
“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.
Our new Emporium store reflects this approach, with an expanded range of products and a dedicated footwear destination, allowing guests to experience firsthand how Lululemon apparel performs. IR: Lululemon’s new flagship introduces several innovations, such as a personalisation station and in-store repair services.
Australian leakproof apparel pioneer Modibodi has been bought by Swedish hygiene and health company Essity in a deal worth $140 million. . Modibodi was founded by its CEO Kristy Chong nine years ago and has a strong market presence in Australia, New Zealand and the UK. Strong growth projected in leakproof market.
We have been focused on building out the convenience aspect, by providing customers with a price-value proposition through subscribe-and-save models, and over 2025 we will be doubling down on speed to market, to get faster in the click-to-delivery time. Tinyme COO Ben Hare said the company seeks to broaden its product 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. While the luxury and discount markets are relatively unaffected by the cost-of-living crisis, Mortimer noted that the middle-market is really exposed.
IR : How does Nagnata fill in a white space in the apparelmarket? Wool, typically associated with winter apparel and knitwear, was transformed into a versatile fabric suitable for year-round wear and high-performance activities. IR : What have been the highlights in building the brand thus far?
Womenswear brand Forever New is opening three flagship stores in Kuwait as part of its strategic partnership with fashion conglomerate Apparel Group. We’re proud to partner with the Apparel Group to further expand our presence in the Middle East,” said Dipendra Goenka, CEO of Forever New.
It’s also ahead of other retail areas like household goods (-2 per cent) and apparel (-2.5 An 18 per cent yearly fall in spending on luxury apparel boutiques also supports this trend. Under 30s have cut back substantially in retail categories like apparel (-8 per cent) and department stores (-15 per cent).
Im also focusing on our pivot towards becoming a head-to-toe denim lifestyle apparel brand. While we are well-known for being a mens denim bottoms business, as we focus on winning with women consumers, we can extend that authority into categories such as womens apparel and tops.
Apparel brands Lacoste and Dickies have appointed Accent Group as their exclusive distributor in Australia and New Zealand. The addition of both of these new global brands continues Accent’s strategic drive to grow our business in the Lifestyle Apparel and footwear market, in particular the apparelmarket,” said Accent CEO Daniel Agostinelli.
Apparel giant Inditex says its net revenue grew by 7.1 The company continued its expansion, with 45 new store openings across multiple markets. per cent, reaching US$29.04 billion (27.4 billion) for its first nine months. The company says the results reflect strong growth for its physical stores and online channels. billion (16.3
Linda Whitehead, former group GM of apparel label Jay Jays, is brand CEO. From design and product innovation to a best-in-class retail experience, were creating something thats both inspiring and transformative, it adds. Honey Birdette’s former global CEO Julie Hastings is COO.
ASX-listed City Chic Collective has agreed to sell America plus-size apparel brand Avenue Stores to US-based FullBeauty Brands for an undisclosed amount. FullBeauty said the deal will enable it to further expand in the $81 billion women’s plus-sized sector, which is growing three times faster than the broader women’s apparelmarket. “We
The brand delivers a contemporary approach to mindful apparel, balancing design innovation with quintessential ready-to-wear styles. She identified a gap in the market, as well as the problem of overconsumption. I don’t like when there’s too many items on the rack, I feel like that can be overwhelming, Bartel said.
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.
Founded in 1974 in Victoria, Drummond sells golfing equipment and apparel with a franchise network of 50 stores across Australia. The company boasts 30 per cent market share with more than 150,000 golfers visiting its stores monthly, while its online store has more than 250,000 visits each month.
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.
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.
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. ” The post International markets fuel Lululemons double-digit sales growth appeared first on Inside Retail Australia.
Vision Brands Group is expanding its portfolio of apparel labels with the acquisition of Australian childrenswear brand Rock Your Baby. ” The label was founded by Caroline Nesbitt and Johanne Walsh at the Bondi Markets in Sydney in 2003. “We can’t wait to see how they take Rock Your Baby to new heights.”
“As an official apparel partner of US Polo Assn, we’ve eagerly awaited the opportunity to extend our fast-expanding global reach into the dynamic Australian market and share our brand with more consumers around the world,” said Boo Jalil, CEO at Brand Machine Group. Both BMG and US Polo Assn view Australia as a growth market.
We organize all of the trending information in your field so you don't have to. Join 29,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content