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Despite shareholders unequivocal approval of Myers deal with Premier RetailsApparel Brands last week, many retail experts remain sceptical of the logic of combining the two businesses. In a tough market where department stores are struggling for survival globally, and then you bolt on the old brands of these retail operations?
Despite modestly positive expectations for 2024, the luxury retailmarket 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.
Leading market research firm Euromonitor International has just unveiled its 2023 rankings for the Top 10 fastest growing and biggest retailers in Asia Pacific, with Indonesia’s GoTo stealing the spotlight. Meanwhile, Chinese e-commerce behemoth Alibaba reigned supreme with a retail value close to half a trillion U.S.
Few events get the American retail industry buzzing quite like Amazon’s Prime Day, an annual shopping event with deals exclusively for Prime members. The post What do Amazon’s Prime Day results reveal about the US retailmarket? appeared first on Inside Retail Australia.
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?
How do you market to the customer who can get anything they want anytime they want it? Selling to the 1 per cent has never been easy, which is why retailers that cater to this elite demographic have traditionally differentiated through private events, exclusive products, and hyper-personalised customer service.
US apparel and footwear company VF Corporation is taking control of its The North Face (TNF) business in Australia and New Zealand by transferring from a distributor model to a direct-sales model. The change aims to maximise the full market potential of the brand as Australia and New Zealand are considered key retailmarkets.
Tapping into this much-underserved market has led to steady growth for Both& since it officially launched in 2020. An untapped apparelmarket Consumer demand for gender-neutral clothing or unisex fashion styles has been growing in recent years. per cent from 2022 to 2030 to reach an impressive $3.2
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
In recent years, specific segments of the wedding retail industry, such as bridal wear, have shown exponential growth that is expected to continue. billion last year, the bridal wear market is expected to reach US$18.54 percent in this time frame, Maximize Market Research states. billion, Research and Markets states.
Given that shoppers in other markets have embraced it, however, the exam question is: Should this be regarded as a permanent or temporary difference? Physical retail Is the in-store retail experience becoming the last bastion for true brand experiences or has online won shoppers over? We suggest only time will tell.
Athletic apparel company Lululemon Athletica has posted a revenue increase of 18 per cent to $2.2 per cent increase, the Canadian company is still performing much better than others in the retailmarket, especially during a time of rising consumer caution, according to Neil Saunders, MD of GlobalData. billion to $9.57
Brad Manuel is co-founder and CEO of Livewire Group, a company that specialises in marketing within the gaming ecosystem. He believes retailmarketers have overlooked gaming due to its digital nature and confusion about how a digital property can drive people into stores. So, how does it work? ” Thriving categories.
An extensive portfolio of classic and popular fashion brands will enter the Australian retail sector for the first time as Brand Machine Group (BMG), a global leader in branded fashion manufacture and licensing, launches into the local market in 2024. In Australia, the home décor market segment is set to generate a revenue of $2.77
In an increasingly tough market, Abercrombie & Fitch has started its fiscal year on a strong note with group sales up by 2.9 However, as it bucks the general direction of the market and stands in marked contrast to the more negative results of many other discretionary retailers, it is an exceptional level of performance.
Retailers are integrating AI with bricks-and-mortar shops and online platforms to give the shopping experience a remarkable transformation, enhancing both customer satisfaction and operational efficiency. Personalised recommendations: You can tailor marketing and product suggestions based on purchase history and browsing behaviour.
As of last year, Erewhon had amassed a total ending market value (EMV) of $60 million, exceeding more accessibly priced grocery chains like Sam’s Club ($59 million EMV) or Sprouts ($27 million EMV), a report by influencer marketing platform CreatorIQ stated. This story first appeared in the June 2024 issue of Inside Retail US magazine.
Silk Laundry and Status Anxiety are just a few of the Australian retailers that have launched bricks-and-mortar stores in the US this year. Any brand entering the hyper-competitive US retailmarket has its work cut out for it, especially those that don’t have a home-court advantage.
Our tips for retailmarketing will help you level up in 2023 for better sales and happier customers. adults reported buying or wanting to buy private label goods in apparel, pantry, personal care, and other categories. Investing in local SEO will also bolster your local digital marketing efforts. Nearly 80% of U.S.
With the depreciated value of the Japanese yen, especially against the American dollar, many US citizens have been flocking to Japan on tourism shopping trips or to online retailers with access to the Japanese resale market in recent years, in search of lower-cost, high-quality vintage goods. In 2023, Mercari reached revenue of US$1.3
The athleisure market has been on the rise for many years, driven by factors, such as the casualisation of consumers’ wardrobes and the rise of sneakers and streetwear as aspirational style trends. And notably, even once pandemic restrictions were lifted, athleisure sales continued to rise.
The store also marks the brands first major foray outside of the Asian retailmarket, where it has about 470 stores. H&M New York City This October, apparel and accessories giant H&M launched a special pop-up shop in New York City, just in time for the holiday season.
Particularly encouraging about these results in the early going of 2022 is that they are partly based on a surge in apparel sales, a category in which department stores worldwide have been losing traction in recent years – a key factor in the decline of the sector outside of Korea. Retail sales are off to a flyer in Korea so far this year.
He will be reporting to Jodie Koning, Cartology head of Marketing and Insights. Apparel and beauty retailer L Brands announced the board of directors for its standalone, publicly traded Victoria’s Secret brand, adding that its plan to separate the lingerie business from Bath & Body Works remains on track for August.
While the everyday consumer has become pri c e-sensitive with the growing costs of living in the US, the 1 per cent is still spending – to a point where the luxury shopping market has become more competitive than ever. The market is expected to grow at a compound annual growth rate of 3.22 billion in 2024. billion in 2024.
He said the market will punish brands that get any of this wrong. “[One There’s plenty of businesses that the market has punished for the same set of reasons,” Walker said. It is obviously impacting footfall in retail centres and reducing the numbers of unplanned and spontaneous store visits. “For
Augmented reality (AR) in the retailmarket could be on the cusp of a massive growth spurt. A new report from Research and Markets said AR investments in retail were valued at roughly $2 billion in 2021, but that number is expected to explode to $61.3 billion by 2031. Google, Inter IKEA Systems B.V., Microsoft Corp.
Let’s keep the marketers honest, or at least as honest as possible. We get help with the definition from Belgian multibrand retailer Hopono, which itself claims to be a concept store. If the visitor wasn’t actually told it was Nordic, then they would not perceive it as much different from any other Thai apparel boutique.
New Balance recently revealed a new retail concept store at Paragon Shopping Centre in Singapore centred on experience and carrying a curated selection of footwear and apparel that caters to athletes and fashion enthusiasts. Brand values Hefer said that the New Balance brand has always been known for quality, fit and craftsmanship.
The push comes as clothing retailers, whose sales dipped as inflation-weary consumers prioritised essentials over discretionary purchases, amp up their marketing of “cooling” garments as heat waves batter at least three continents.
shows that the sportswear market in 2021 was almost entirely recovered to pre-pandemic sales. This was mainly fuelled by Chinese consumers, who accounted for nearly 23 per cent of the growth, followed by the US market at 15 per cent. Overall, the worth of the global sportswear retailmarket has increased by 22 per cent, to US$666.2
A few years ago, it seemed like every new brand making noise in the market was adopting a direct-to-consumer (DTC) business model. The retail giant has since sold Bonobos to WHP Global and Express for $75 million, after paying $310 million for the apparel brand in 2017.) The DTC retail model is not dead. Absolutely.
Of course it also sports your typical mid-end brands, such as the athletic apparel and footwear stores. Retail sales had been in freefall seemingly without a parachute for almost four years. The format is far from saturated and the global economy is likely to slow in 2023, increasing consumers’ motivation to look for bargains.
British lifestyle retailer, Marks & Spencer, will also launch an experiential store with more than 14,000 square feet of space that offers apparel, beauty, homewares and the second largest M&S food hall in Singapore. The space will feature a grocer and in-store bakery. Attracting crowds.
The latest data from Statista suggests that Amazon may account for 50% of the entire e-commerce retailmarket this year. This logistics system allows the seller to focus on marketing by letting Amazon handle storage, delivery, and tracking aspects. for non-apparel things like books.
Let’s take a look at some of the most innovative and inspiring physical retail case studies from new and upcoming brands. The luggage and travel accessories retailer, Away, was founded in New York in 2015 as an exclusively online brand.
After all, retail is supposed to fun, especially in the wellness market. When done well, it creates an integrated buying and merchandising approach that ties together your marketing, customer service, point of sale, accounting, and operations and focuses all of them on one thing: great cash flow. Good, hard, spendable cash.
Experiential retail has developed out of the need to adapt to the changing market due to the rapid growth of the online market. The value of social media as a marketing tool is beyond measure. Like with STORY at Macy’s, it can be seen how the brand is aware of the power of marketing that lies in social media.
Nike CFO Matt Friend said on a recent investor call that Nike was experiencing “meaningful shifts in consumer traffic in key markets – particularly in Greater China, where bricks-and-mortar traffic declined as much as double-digits versus the prior year”. Traffic softness, he added, was not confined to physical outlets alone.
GD: I think in those days, it was just, how do you survive in a market that is expanding when the competition starts to grow? IR : You mentioned how Harris Scarfe’s product offering has evolved over the years, based on the market and competition. The investment in marketing has been significant since [the] ownership [change].
“What we are seeing right now is a lot of retailers stocking up on inventory to carry them through the next 6-12 months at which point we are likely to see major adjustments to inventory planning and consumer pricing, depending on how tariffs are applied,” Benjamin Cavender, MD at China Market Research Group (CMR), told Inside Retail. “I
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