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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. But it’s not all about size, Premier’s Apparel Brands’ omnichannel strategy and customer connection align with Myer’s approach to loyalty.
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.
“In a year of transition, we remain focused on executing our strategic plans to drive growth and attractive shareholder returns.” ” During the period, Myer completed its merger with the apparel brands business of Premier Retail.
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
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.
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. He also discusses his plans for the SA1NT Layers brand, and what growth will look like moving forward. Are there plans for stand-alone stores, a wholesale presence and so on?
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. I see the opportunity for growth in several key categories.”
Trans-Tasman apparel retailer Mosaic Brands is set to open 130 new stores as customers return to in-store shopping. We will be planning an additional 130 stores throughout this year, with online expected to reach up to 8 million products by the end of the year,” said Evans.
Sportwear apparel brand LSKD will open its first Melbourne brick-and-mortar store at Chadstone Shopping Centre. The store is the first of five planned for Australia, with another set to open in New Zealand, all within a year. The post LSKD to open first of six planned physical stores in Melbourne appeared first on Inside Retail.
Mosaic Brands, the Australian apparel retail group, says it will open 40 new large-sized ‘mega stores’ this financial year as it transitions into what it describes as “a more ageless, value-driven, big-box retailer”. The plans were revealed along with the group’s annual result which saw a $33.5 million turnaround from a loss of $16.4
Then, as part of our longer-term plan, we will look to expand to other locations. The plan is to support the concepts with outlets in similar areas. IR: Are you also able to discuss how Reebok is planning to combat intense cost-of-living pressures at the moment? IR: What excites you most about Reebok moving forward?
Linda Whitehead, former group GM of apparel label Jay Jays, is brand CEO. BBRC has not made an official announcement or shared any plans about the label. Honey Birdette’s former global CEO Julie Hastings is COO. According to a retail commentator (who preferred not to be named), the brand name is causing quite a confusion.
Kontoor Brands, the apparel company behind Wrangler and Lee, is to acquire Canadian outdoor workwear brand Helly Hansen from Canadian Tire Corporation. Founded in Norway in 1877, Helly Hansen is known for its outdoor apparel and clothing innovations, including the first fleece fabrics in the 1960s and the H2Flow temperature regulation system.
We plan to experiment with a mix of retail models, including a shop-in-shop format and our branded stores,” Pham said. Coolmate is now planning to expand beyond its home market. As for the US, Vietnam’s cross-border solid e-commerce practices offer a chance to test our products in a huge apparel market. billion this year.
The company also plans to increase its presence across the island and beyond. “As Throughout its history, Descente has expanded beyond skiing into cycling, running, golf, training, and high-end functional apparel. According to Fortune Business Insights, the global apparel market size was valued at US$8.7 billion by 2032.
“We know there’s demand here, and opening a physical store gives people a chance to touch, feel, and try on the apparel, something online can’t fully replicate,” said Jason Daniel, LSKD CEO and founder. The store opening attracted 705 customers, marking the brand’s biggest store launch and sales day.
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.
According to Miran Ali, managing director of Tarasima Apparel, one of Bangladesh’s major manufacturers, a major issue is the employer’s capacity to pay wages. The post How major brands like Kmart and H&M plan to boost garment worker wages appeared first on Inside Retail. Beyond wages.
billion is our [FY]26 plan, which we are currently ahead of schedule, with the intent to remain ahead of schedule. And then we have a unique blend, I think, of high-performance and high-style with very versatile apparel that you can wear to the gym, to and from, and then outdoors. CM: In [FY]24. What are you learning about that market?
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. The company has announced that it is planning to open a Los Angeles flagship in early 2024.
Spanning 8000sqft across two levels, the venue will offer more than 5000 apparel, footwear and accessories products. Aside from the Soho store, the brand also plans to open in the San Francisco Bay Area and greater Los Angeles’ Orange County. It will have 12 fitting rooms and feature unique furniture throughout the space.
Which is very, very significant in industries like apparel, footwear or beauty. IR : Switching gears a little bit, Id love to hear about how you first gotinto the retail industry, because I understand it wasnt part of your original plan. I was planning to be a lawyer and I was also planning to get married.
Founded in 1974 in Victoria, Drummond sells golfing equipment and apparel with a franchise network of 50 stores across Australia. The company is planning to increase earnings to $12.6 The advisory firm is reportedly targeting three sets of buyers – private equity, other sports and leisure retailers, and golf fanatics.
Peter Rabbit apparel will now be sold in new territories globally as part of a fresh licencing deal with Penguin Ventures. Lindsay Pearl, head of international sales at Penguin Ventures, said the demand for Peter Rabbit apparel has “surpassed all expectations” this year.
Apparel brand Superdry seeks to delist from the London Stock Exchange to deliver significant annual cost savings as it works towards a more financially sustainable operating model. C-Retail, Superdry’s subsidiary that owns its leasehold portfolio, is also launching a restructuring plan for its UK property estate and retail cost base.
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. The new partnerships with G-III Apparel Group and JS Group seem to be an attempt to revive the fortunes of the brands.
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.
And I was starting to work on a lot of our environmental impact as well, and starting to put together a bit of an action plan,” Rebecca Hard, the Sussan Group’s CEO, told Inside Retail. “We It recognised the great work we were doing and enabled us to create a great action plan for the future,” Hard said.
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.
Footwear and apparel retailer Foot Locker has debuted a new concept store in New Jersey that it says offers an elevated shopping experience and customer service.
Apparel brand Superdry has confirmed it is in discussions with financial services company Hilco regarding additional funding to support its turnaround efforts. million) for the implementation of its ongoing turnaround plan and cost reduction program. According to Reuters , the brand reported a 13.7
Hong Kong-listed Viva China, a major shareholder of Li Ning, is closer to taking control of British shoemaker Clarks after the company’s extraordinary general meeting approved the acquisition plan.
Outdoor apparel retailer VF Corporation’s net loss more than tripled in the fiscal first quarter amid lower revenue across the majority of its brands. “We advanced further on the Reinvent transformation plan. The group’s net loss surged 350.8 per cent year over year to US$258.9 million as net revenues declined 8.6
The brand has no plans to stop there. Fans of both brands fell in love with the spunky and sporty apparel, and the collection immediately sold out online and in numerous Adidas stores around the world, ultimately helping sharpen Farm Rios focus on the opportunity for global expansion.
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 expansion plans last year by introducing a new brick-and-mortar store in Adelaide’s Myer Centre.
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. We now have four stores across Sydney and Melbourne, and by the end of the year we plan to have six. What are the key drivers behind this significant growth?
Accent Group plans to open four Hoka stores in three states this year, including the brand’s first Australian freestanding concept store, which will open next month at Westfield Bondi Junction.
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
The most valuable apparel brand in the world has its sights set on being prepared for shoppers in online virtual environments. These trademarks will come into effect only when virtual apparel and accessories are in commercial use. In this way, the most valuable apparel brand in the world will continue to dominate.
Owned by parent company Retail Apparel Group, the company says the launch comes after market research identified a “major gap” in the market for men who consider themselves ‘plus-size’. To help plus-sized men find good-value fashion, menswear label Connor has launched AXL+Co into the Australian market.
This figure includes the loss of local retail businesses, such as apparel retailer Elyse Walker’s flagship location in the Pacific Palisades, which have burned down entirely, and the disruption of national businesses like Nuuly, which have paused operations in Los Angeles for the foreseeable future.
UK-based apparel and sportswear company Frasers Group has acquired collapsed Australian luxury footwear brand Sneakerboy Group, for an undisclosed sum. The post Frasers Group buys Sneakerboy, plans to revive business appeared first on Inside Retail. The brand primarily sold luxury-label sneakers for upwards of $1500.
Lids, the US-based sports apparel retailer, has opened the first of its own physical stores across the country. . More stores under both brands are planned for Australia and New Zealand. These stores follow the debut of its NBA-bannered stores in Melbourne earlier this month.
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 brand plans to increase the number of locations from four to 24 by the end of next year.
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