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

Inside Retail

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. Where is Myer’s Wirth now Many experts recognise Wirth’s strong background in loyalty as one of the department store’s greatest assets.

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Fashion’s balancing act: Right product, market, timing and price

Inside Retail

With constant pressure to stay ahead of the competition, continuously innovate and get seasonal releases on time, it can be difficult to ensure that all the moving parts come together to create the best possible products at the right price point for each target market. Download the free eBook here.

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How Supreme balances price point and prestige to win over streetwear fans

Inside Retail

According to him, the brand was attracted to the city’s vibe, and that was more of a pulling factor than just trying to break into a new market. The post How Supreme balances price point and prestige to win over streetwear fans appeared first on Inside Retail.

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Meet Daniel Broderick, a New Yorker helming New Era’s APAC operations

Inside Retail

The brand also invested in targeted marketing campaigns, leveraging social media and celebrity endorsements to engage with a younger demographic. “My He strives to strike a balance that resonates with both the brand’s heritage and the local market preferences.

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Competing for a more discerning dollar

Inside Retail

Asking whether these market-wide shifts reflect your customers’ behaviour can help strike the right balance across channels to capture sales. The target market for this product can be found within the product’s Target Market Determination.

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How Taroob is leveraging tradition to create a modern luxury Indian brand

Inside Retail

He said this has always given the company an edge as these techniques are hard to master and its skilled workforce provides an upper hand in maintaining this serene balance. Interestingly, he acknowledged that Gen Z and millennials are the dominant consumer groups of the moment, and the brand’s target market.

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How L’Occitane’s Dr Vranjes Firenze aims to grow in Australia and beyond

Inside Retail

These acquisitions reflect the group’s strategy for building a geographically balanced brand portfolio of premium beauty and fragrance brands. L’Occitane also acquired a 50 per cent stake in Singaporean skincare brand Erborian in 2012.