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Fisher added that the company’s balance sheet remains strong, with $49.9 The store openings are part of the strategies to improve sales and gross profit margin in FY25, said CEO Clinton Cahn. According to chairman Steven Fisher, the discount variety sector presents a significant opportunity for growth over the medium to long term.
On the other hand, if workers feel sidelined by machines that are overstepping into areas requiring human judgement, it can foster a sense of displacement and fuel disconnection to their purpose for work. This is a key competitive advantage over other retailers right now.
Under Wirth, Myer has hopefully redefined its strategy, streamlining operations for a balanced omnichannel approach,” Nick Gray, the founder of I Got You Consultancy, told Inside Retail. In his view, successful brands are those that answer the customer’s question, or in other words, meet the customer’s demand. “If
Im 52, but thinking back to when I was younger I could probably count on one hand the number of women out in the world, other than my mother [singer Diana Ross] who wore their natural hair texture. This is not an insignificant task considering New Balance has business in over 150 countries across the globe.
Managing inventory in hard goods retail is a constant balancing act. Example: A national home appliance retailer struggled to balance stock between stores and online. Generate predictive and prescriptive insights: AI suggests stock redistribution strategies and alternative sourcing options.
We recently spoke with CEO Craig King about his strategies for navigating economic challenges, the role of physical stores and tips for driving international growth in 2025. How did the macroeconomic environment affect Ksubi in 2024, and what strategies did you deploy in response? Rarely do they tick both boxes.
Athletic giant New Balance has altered its sourcing policies, aiming to phase out its use of kangaroo skins and halt sales of kangaroo-based shoes by next December. The Center for a Humane Economy has also pressed other brands, including Japan-based Mizuno, to discontinue the use of kangaroo hides in their products.
billion brand US Polo Assn, followed by childrenswear lines in the BMG portfolio, including New Balance Kids and Juicy Couture Kids. Coming to Australia The Australian launch and establishment of a local office will serve as a launchpad for other international markets across the Asia Pacific region. First up is the US$2.4
Earlier this year, Western Australia-based Wesfarmers announced the relaunch of its OnePass paid membership program, which offers free home delivery and other benefits across almost all of its retail businesses. The other advantage Wesfarmers has is that it is basing its offer on some of the best in the world, according to Cherrier.
Growing consumer expectations of free delivery and free returns are placing pressure on retailers who on one hand recognise customer demand, but on the other are trying to reduce their operating costs. Retailers faced with rising delivery costs driven by shippers can implement several strategies to mitigate the problem, said Pope.
So when the opportunity came up, and I was lucky enough to get the role, I grabbed it and ended up working in a variety of business units, both in the UK and other various parts of Europe. The other thing is that people really care about you as a person. IR : With such a high-powered role, how do you maintain a work-life balance?
While there are some more obvious steps retailers can take to bolster sustainability such as switching plastic-based bags for paper alternatives and putting in place product recycling schemes, other actions may not be so apparent.
The presence of major international players such as AEW, CBRE IM, Pradera, Klepierre, URW, Ingka Centres, Nhood, Altarea, Hammerson, IGD, Apsys, Mercialys, Sonae Sierra, and others highlighted the significance of the event. These sessions revealed an optimistic vision of the resilience of retail as an asset class.
I partner very closely with our supply chain, IT format and renewal and e-commerce colleagues to ensure that our strategy comes together in a way that makes things better for our team and better for our customer. With a good balance of candor and accountability. IR : Being a manager and a leader are two entirely different roles.
This stand-alone app will be expected to compete with other fashion retailers like Walmart-owned Myntra. In 2020, India banned Shein’s app alongside other Chinese applications like TikTok due to security concerns during border tensions.
While certain trends that were apparent this year may not be as key in 2025, others will continue into the next year and beyond, playing a major role in shaping customer demand. Brands have had to change their strategies when it comes to disruptive retail and reset the way in which they segment spend to in how they show up on high streets.
Here, we speak with #6, Babyboo co-owner and managing director Will Conditsis, about balancing rapid growth and profitability and repositioning the brand from ‘fast-fashion’ to ‘premium’ He also shares the top profession al skill he would still like to develop.
Yahalom told Inside Retail that the key ingredients behind True Classics exponential growth is striking the perfect balance between delivering tailored fits, unmatched comfort and accessible pricing. IR : What strategies, from merchandising to marketing and more, does True Classic incorporate to stay ahead in this market?
After establishing itself as a successful social media and e-commerce-led brand, Australian homewares brand Hommey quickly diversified its strategy and expanded into physical retail. How do bricks-and-mortar stores fit into your hybrid retail strategy? We’re now building this collaborative approach into our new store strategy.
Investing in display strategies can help companies increase their influence and revenue. It’s crucial for sports and outdoor companies to implement display strategies catered to their target audiences and placed in the right location to attract attention. Read on for some of the best display strategies for this vibrant industry.
I like to think that gives me a well-balanced view of what drives a brand and a region towards one common goal. IR : What is your approach to trying to maintain a work-life balance? DP: I believe we perform best when we’re happy in our lives, so fostering a positive culture and maintaining a healthy work-life balance is essential.
The new more prominent location, served by eight underground lines including the Elizabeth Line, will bolster Holland & Barretts customer reach through enhanced connectivity in line with its strategy to increase its presence across one of the UKs most iconic shopping destinations.
The implications of this for a retailer’s bottom line, and their balance sheet, are enormous and quickly becoming the single biggest issue facing the industry today. All retailers know that finding the perfect balance between stock levels, sales and margin is a nirvana that is impossible to achieve.
I’ve attended a number of study tours and sourcing trips across South America, Europe, the United States and South-East Asia, as we expanded our product range and learned from what other players globally are doing. The other lesson I’ve learnt is to talk to your customers regularly. You will always learn something from them.
“We will be refitting our Chadstone Flagship store in early 2024, with a new premium fit-out, that will focus on hosting an elevated product assortment, dedicated marketing strategy and best-in-class team,” said Armando Pedruco, divisional CEO, retail brands.
I might start with some international calls, spend time in our labs developing new products, or have impromptu meetings to discuss ideas and strategies. IR : What is your approach to trying to maintain a work-life balance? This is what makes me happy, I love a list, and the more varied the better.
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.
In the fiercely contested and competitive footwear and apparel space, New Balance is one of the fastest-growing global sports brands, with the organisation attracting and engaging the next generation of customers. New Balance is also expanding in Australia, this month opening a new concept store in Bondi Junction , Sydney.
Levi’s place in the fashion industry as the inventor of blue jeans puts the brand in a unique position to be a historian of denim or a powerhouse of innovation, and potentially both if it gets the balance of relevancy correct.
There’s the growth bucket, and here I’m involved in developing overall strategy as well as ideating new products and exploring new growth opportunities; this also includes pitching ideas, helping promote the brand through interviews, podcasts or speaking engagements and mapping new communication strategies to help grow brand awareness.
Old sport, New Balance approach. New Balance recently signed a three-year deal as the official performance apparel and footwear provider of the Australian Open and United Cup. New Balance is a privately owned, Boston-based sports footwear and apparel brand, founded in 1906 by William Riley.
Growing consumer expectations of free delivery and free returns are placing pressure on retailers who on one hand recognise customer demand, but on the other are trying to reduce their operating costs. Retailers faced with rising delivery costs driven by shippers can implement several strategies to mitigate the problem, said Pope.
IR : What strategies, from merchandising to marketing, has Fishwife incorporated in order to reach its growth trajectory? Weve also done many really exciting brand collaborations (several a month of various forms) across food, fashion, jewelry and other categories. IR : What is your approach to maintaining a work/life balance?
On the other hand, we look to balance our unit growth with same-store sales growth.” Our widened price ranges, optimised delivery strategy, and breakthrough business models, help us broaden our addressable market,” Wat said. “We But we know that the demand is there,” said Joey Wat, CEO and executive director of Yum China. “On
According to the literature, Inclusion is a balance of two specific needs – belongingness and uniqueness. Brewer highlights that all humans desire to feel a sense of validation and similarity to others, whilst also needing uniqueness and individuation. Psychologist Marilynn B.
Prioritise SEO and personalisation/localisation, and lastly, have a clear customer strategy. Country Road Groups GM of customer and digital Matthew Horn predicts that 2025 will be the year Australian retailers start to meaningfully catch up to leading international players in pursuing an autonomous retail ops strategy.
In today’s complex retail landscape, chief marketing officers (CMOs) find themselves in a perpetual balancing act. Frame your marketing strategies in terms of financial metrics they understand and care about. Here are strategies for success: 1. To build a strong working relationship with your CFO, speak their language.
What we didn’t plan for was all the other ‘cost of living’ increases that are now affecting consumers. Yet when every other cost is increasing, the impact is compounded. making your coffee at home only goes so far, particularly when you’ve already been doing that to account for other increased costs. . By itself, the $7.50-a-day
Other categories, like beauty, had started to become an extension of our identities or something proudly displayed in our medicine cabinets, but the period care category was still lacking. What does this signal for Viv for your Vs brick-and-mortar strategy? Inside Retail : How did the concept for the brand come about?
I loved the more agile and hands-on way of working and it helped to direct my career path to smaller, growing founder-led brands that showed huge potential but needed strategy, team building and an ability to think and act quickly and outside the box – often with small budgets. IR : What’s your leadership style?
During the second quarter of this year, while performance in other regions remained bleak, Mattel’s international revenue grew thanks to a 6 per cent increase in Asia Pacific sales, reaching US$88 million. IR: How does Mattel plan to tailor its retail strategy to the diverse markets within Asia Pacific?
In a statement to the ASX, company secretary Michael Freier said Reich had decided that now was “an appropriate time for him to leave the company to pursue other opportunities”. He left the role yesterday having determined the “fix phase” of his strategy to turn the business around was complete.
Other key barriers include out-of-stock items (17 per cent) and complicated checkouts (13 per cent). The right content strategy can keep them coming back, but different demographics respond to different types of content: Boomers (76 per cent) and Gen X (68 per cent) are most influenced by promotions and discounts.
The most successful gamification programs strike a balance between simple participation, active and consistent engagement and competition. Typical elements of game playing include point scoring or competition with others as an online marketing technique to encourage engagement with a product or service.
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