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As retail competition escalates on a global scale and across multiple channels, many brands and thought leaders have gravitated to the idea of ‘brand love’ as a way of differentiating. The hope is that getting consumers to love your brand will make them more loyal, purchase more frequently, and so on.
Global brandmanagement firm WHP Global has bought a 70 per cent stake in Isaac Mizrahi from Xcel Brands, in a deal valuing the American designer label at US$68 million. million in cash proceeds.
Taking inspiration from the brand’s very first Salon which opened in Geneva over 60 years ago, the new store concept is designed to be a warm, inviting environment in which customers can learn about the heritage of the brand. Inside Retail: Is this Piaget’s first standalone direct-to-consumer (DTC) store in Sydney?
In an urban setting, “proximity” goes back to its golden age because customers find it more practical and suitable for shopping around the corner. The dilemma of reviving small-town businesses As the dynamics of retail also changed, so did the collective understanding of consumers about retail. Ghalia BOUSTANI.
As consumption is becoming less focused on the product and more focused on the experience of accessing the product, new brandmanagement practices are being shaped, whether at luxury or mass industry levels. Brands are looking at ways to add value to the customer’s journey within their spheres. . Engaging the senses.
“The economic reasons behind the losses are elevated interest rates and weak consumer and business confidence in Hong Kong, which has affected rental income and property valuation,” Gary Ng, senior economist at Natixis, told Inside Retail. “It Additionally, Prada will make its debut in the area, opening its first store at the shopping centre.
Earlier this month, Desigual partnered with Melbourne-based brandmanagement firm O’Rourke Showroom to unveil its spring-summer collection, further expanding its retail distribution in Asia Pacific. IR: Could you touch on the brand’s business and social media strategy to cater to local consumers and attract new retail partners?
Jaques Roizen, MD Consulting at Digital Luxury Group, said Sephora’s primary challenge lies in its value proposition as a one-stop-shop for cosmetics in a market where consumers have the convenience of Tmall at their fingertips, especially for regularly repeated purchases.
Immersive luxury retailing, which utilises cutting-edge technology and innovative design to create engaging, multisensory environments for customers, is a transformative approach to high-end shopping experiences. Instead, it focuses on creating memorable, interactive encounters that deeply resonate with discerning consumers.
The start-up raised more than $85 million from a string of prominent investors, and experienced a surge in popularity during the Covid-19 pandemic, with consumers avoiding shopping in-store, where possible. I think that [retail giants] like Woolworths are increasingly aware of their positive and negative influence,” he said.
However, it appears that while the luxury goods group was adept at selling its own brands, managing the technology and logistics of an e-commerce platform like Yoox Net-a-Porter was a different matter. That is best done on a brand website or in a brand store.
Fayshell’s retail offering is consciously curated with brands that the founders have used for years, including Synergie Skin, Dr Spiller, Hydropeptide, Oxygenetix and Image Skincare to name a few. They are available in-clinic and through the online Fayshell shop.
The primary purpose of retail stores is to stock and sell products to consumers. The spaces must be designed to ensure customers have an enjoyable and hassle-free shopping experience. . Brand Your Business. Due to the heavy demands of retail space, retail design is getting more lucrative and highly sought.
Our retail brand, and the way it’s experienced by the customer, is now recognised as one of the biggest differentiators in the business. It drives our footfall and website traffic, increases willingness to pay and consumer loyalty, sets us apart from our competitors and even helps us attract top talent. Brands mean business. .
However, the emergence of department stores revolutionized the retail landscape by offering diverse products and brands under one roof. This shift allowed retailers to reach rural areas, overcoming the disadvantage of distance from city shopping centres. This new retail model focused on competitive pricing, volume, and cost efficiency.
With this initiative, Migros remains faithful to its principles, which are based on the mission of using its own resources to give partners a platform and to build bridges together to reach consumers. The entire 2,000 m² are distributed on two levels, representing a meeting point for food culture that invites you to shop, enjoy and linger.
Following some lonely pandemic years, the brand is expecting Mother’s Day to be a big one. “We We have seen a strong shift back to retail as customers look to in-person shopping experiences, and engage with our products and staff in-store,” Koko Black’s senior brandmanager Kyle McKnight told Inside Retail.
Far from the glamour of a high-end shopping mall, Chemist Warehouse’s new brand Ultra Beauty is quietly extending the discount pharmacy’s hold on pharmaceuticals, health and beauty into the glitzy end of the spectrum. Beyond the beauty and branding, inclusivity is a major part of Ultra Beauty’s mission, Pecora said.
FJ Benjamin, a leading brandmanagement company in Singapore with a portfolio of more than 20 iconic brands including Cole Haan, Marc Jacobs, Rebecca Minkoff and Guess, is back in the black after announcing a full-year profit of $3 million in FY22. Online shopping has of course accelerated during the pandemic. “In
Rather than Nike Live’s focus on mobile shopping and two-week merchandise rotation, the Well Collective stores will instead aspire to help customers across five key pillars: movement, mindfulness, nutrition, rest, and connection. trillion, so it’s not a surprise that many brands are looking to play in this space,” Zoppos said.
While this might be true, let’s examine the potential reasons why this is the case: The ‘online only’ offering – As co-founders of an online fashion marketplace, we absolutely love online shopping and think it holds a great number of benefits over bricks and mortar. Brands that don’t cater to us? Not making the cut.
Luxury retail has undergone a significant transformation driven by digital technology and changing consumer expectations. Luxury brands have been forced to innovate quickly to meet changing consumer preferences due to the COVID-19 pandemic, which has accelerated the adoption of these technologies.
The expansion in Australia is part of a long-term strategy for Canada Goose, which will operate under a brandmanagement agreement with Brand Collective. Driving these strong revenue figures was a rebound in the luxury market in China , with customers shopping in force amid the easing of Covid-19 restrictions.
This was following a business transfer from Kimly Group, one of the largest traditional coffee shop operators in Singapore. The brand’s first rebranded store opened its doors on the 18th of May in Serangoon Nex shopping mall. It is now part of the F&B portfolio under Muginoho Global Pte Ltd, franchiser of Beard Papa.
With the world’s ongoing uncertainties and struggles, it’s not surprising that a report from Oracle and author Gretchen Rubin found that people want brands to make them smile and laugh more. The study of 12,000 people across 14 countries found that consumers will reward brands that embrace humour with loyalty, advocacy and repeat purchases.
IR: Will this store look and feel different from other Sheike stores, since it’s your first one outside of a shopping centre? A lot of these pieces – click-and-collect, or store-to-door – really enhance her store experience and allow her to shop with ease. What have the last few years been like?
In particular, retailers are finding success by delivering these in-store community experiences to consumers who want to feel a part of something larger and desire a sense of belonging. These new layouts must make the physical shopping experience either distinct or preferential in comparison to the easy and quick online checkout.
For beginners, product packaging can communicate the brand’s image and values. It’s believed that high-quality, well-designed packaging can convey a sense of luxury and sophistication, while more sustainable packaging can appeal to eco-conscious consumers. This can help to increase brand awareness and generate new leads for your brand.
But I do believe that the consumer goods industry generally over-uses promotions; that many of them do not pay back in the short term, and even fewer pay back in the long run. Most brands seek the holy grail of growing brand penetration, yet most promotions do little to move the needle on this important metric.
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