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Online pet supplies company Pet Circle has secured $75 million in funding from its existing top-tier investor, Prysm Capital, coming after strong retailsales of $308.8 Why Pet Circle is expanding into insurance amid pet spending boom The post Pet Circle secures $75 million to fund expansion appeared first on Inside Retail.
They include new brands and licences, developing and progressing its own brands, expanding its category offerings for the licences it already holds, and expansion outside of Australia and New Zealand. per cent, year-on-year retailsales growth in August 2022. Focusing on the consumer.
Global community identity With a desire for easy, effective and fun skincare uniting Bubble’s customer demographic across international markets, the company’s global expansion has been relatively smooth. We’ve found that the needs of our Australian community match the needs of our US and UK communities,” Eisenman told Inside Retail.
Australian retailsales reached a record high in the last three months of 2021. The fourth quarter sales data from the Australian Bureau of Statistics (ABS) showed an 8.2 per cent increase in sales. Retailsales in NSW & Victoria rose by 15.3 What are the implications of the strong retailsales data?
Vincom Retail is Vietnam’s biggest mall operator by dint of opening malls here, there and everywhere, but is this the right strategy? Its continuing stagnation in key operating metrics on a year-over-year basis, despite rising retailsales and a sound economy, is concerning. per cent in the first nine months of the year.
In a rollercoaster year for retailsales, a survey of retailers has indicated an optimistic outlook for store network growth. In what the national property agency CBRE described as a ‘flash survey’, 83 per cent of Australian respondents across a snapshot of the Asia Pacific region indicated expansion plans.
Solomon Lew’s plan to spin off Premier Retail into individual business units, announced in August, appears to be moving full steam ahead, as kids’ stationery brand Smiggle and sleepwear brand Peter Alexander investigate potential international expansions. We’ve got businesses in Singapore, and Thailand.
The ENT doesn’t apply when it is the retailer’s first store in Vietnam. This is a curious twist because it enables a foreign retailer to set up a presence but then erects a barrier to expansion, which is a reverse of the typical developing country situation where the barrier is to actually establishing the initial beach-head.
The National Retail Federation (NRF; Washington, D.C.) revised its annual forecast for 2021, predicting retailsales will exceed $4.44 Revealed during the association’s “State of Retail and the Consumer” event, the prediction exceeds NRF’s original projection of 6.5 The post NRF: RetailSales to Surpass $4.44
So far in 2022, we’ve seen a nearly 70 per cent increase in retailsales. Our market share is up almost 6 per cent compared to a year ago, from roughly 9 share points to 14,” Laurent Stévenart, Singapore’s country manager for Impossible Foods, told Inside Retail. The Singapore market.
The expansion of the Woolworths liquor business was substantially boosted through a business partnership with Mathieson Snr and the acquisition of his hotels and gaming venture, Australian Leisure and Hospitality. Endeavour Group’s sales for the latest financial year were up 2.5 Sales have increased by around $1.5
Meanwhile, the gross merchandise value (GMV) of Southeast Asia’s e-commerce market is expected to grow by a CAGR of 17 per cent from US$129 billion in 2022 to US$280 billion in 2027, and the number of digital consumers in the region is expected to grow to 370 million by the end of 2022. Lazada’s Birthday sale is another big draw.
As the brand embarked upon its journey towards international expansion, Saks was at the very top of Ginger & Smart’s list of potential retail partners, and after months of discussions, the store’s opening order will come through in November, followed by another delivery in February. Beyond surf and swim.
With high inflation and climbing interest rates, consumer sentiment is set to plunge further, with retail spending set to decline in the June quarter. But what are the implications of a retail recession, and just how damaging will it be for retailers and consumers? The consumer is certainly hurting,” he said.
So with Carrefour’s distress as a background, it was refreshing to hear retail executives, one after another, when presenting to the investment community during the second half of this year, say that business in China was mending and for some booming. To back it up, retailsales in China rose sharply in November, by 10.1
billion in global retailsales in 2023 , US Polo Assn, the official brand of the United States Polo Association, is reaping the rewards of its strategic expansion across continents, robust digital presence and investment in forging key partnerships. With a resounding $2.4
It also operates a smaller format called Vincom+ to address the needs of consumers in secondary locations (15 malls), and Vincom Center (7 malls), another CBD concept with a GFA of 40-60,000 square metres. Vietnam’s retail industry growth is still being driven predominantly by domestic demand. Consumer prices were up 4.3
Shinsegae — one of the Big 3 of Korean department store retailing along with Lotte and Hyundai — has continued its great form right through into the second half of the year, helped by the removal of the country’s remaining pandemic restrictions and an increasingly buoyant mood among the country’s more affluent consumers. Going mega.
The brand has focused a lot on its direct to consumer operations, and Valiram revealed that MLB is currently working on gamification and building its online sales channels. MLB listens to its consumers and creates products that are on trend to the current generation. Stay tuned,” he said.
Other retailers such as Walmart, Target, and Wayfair offered their deals in September and early October as well. Inflationary Pressure — Consumers today feel tension from rising prices, geopolitical conflicts, and an unpredictable job market. retail growth in Q1 2024. Not far behind, Walmart claimed another 10% of the growth.
As the creators of a startup family business in Brisbane now focusing on international expansion, Katrina and Brenden Kehoe know all about the challenges – and satisfaction – of developing a brand and product range for multiple markets. Kehoe’s Kitchen’s current retail product range.
So much so that Gotemba’s most recent expansion was opened confidently in the middle of the pandemic, bringing its store floor area to 61,000sqm and its store count to 290. Prior to Gotemba, Japan’s retail market was tightly regulated and the industry in bad shape. Thus, three expansions at Gotemba. High-end brands.
In an era marked by economic flux and shifting consumer preferences, the global retail landscape stands at a pivotal juncture, ripe with both challenges and opportunities. China is the world’s largest retail market, accounting for almost 50 per cent of global retail transactions. It was valued at $3.8
I spent most of my career at Sussan Group as a regional manager before I moved to Sportsgirl, as a national sales and operations manager. IR : Can you share your experience working at Sportsgirl and how that shaped your retail career? Retail as a whole has the most touchpoints with mankind. It’s underappreciated and undervalued.
Fueled by a burgeoning young population and affluent consumers exposed to global trends, luxury retail is experiencing rapid growth. The premium retail market is placing its bets on India’s economic story, as the country maintains an impressive growth rate of 6-7 per cent amidst global recessionary trends.
China’s online retailsales increased by approximately 12 per cent last year, despite the period of lockdown earlier in the year, and the latest forecasts suggest we will see further advances. trillion, about the same amount that American consumers currently spend, and is up from the forecast three years ago of US$9.7
A second factor in the coming year is retailer caution: sales might be recovering satisfactorily, but investment in new stores looks set to remain muted, even as consumers start wanting to come out in greater numbers as Covid-19 restrictions ease. But with consumers going out again and tourists arriving, there’s hope.
Weiss launched Glossier at a time of intense investor interest in direct-to-consumer e-commerce companies. According to Bloomberg Second Measure, a leading provider of transaction data analytics, Glossier’s US sales fell by 26 per cent year-over-year in 2021. What’s been going on with Glossier?
Ten consecutive cash rate rises, as well as grocery price increases of almost 10 per cent during the three months to December 2022, could set the scene for the next major retailsales event: Easter. billion during Easter – a figure which is up 14.5 per cent on 2022, and which outstrips base-line inflationary increases.
Like other online marketplaces, Better That takes a commission from all retailersales on its platform, but unlike the competition, it donates up to 25 per cent, with a minimum of 10 per cent, of its net commission revenue to charities and community organisations. We’ve already got 40-odd New Zealand retailers signed up.
Stitch Fix is able to offer personalisation at scale, which given recent moves in consumer behaviour, habits and expectations due to the pandemic, is more important than ever. CEO, Aron Gelbard, raised a fantastic sum in growth capital, which allowed him to take the business international and continue the expansion throughout Europe.
The Covid pandemic continues to loom over retail but very differently from its impact in both 2020 and 2021. 2020 saw closures and bankruptcies, while many retailers were buoyed in 2021 - with bankruptcies down and plans for expansion. We saw some retailers, like Lowes and Walmart, lean into this in 2021 with their apps.
The company that changed the way we watch television and movies aims to emulate the success of Mickey Mouse and “Star Wars,” by trying to build brands that traverse film, television, games and consumer products, executives told Reuters in recent interviews. Does it sustain that kind of expansion?” SCOUTING MATERIAL.
Brought to you by Retail Insider and Flooid. The Place: Dotted around the UK so far with over 20 stores but another 14 listed as coming soon and with big further expansion plans…. So retail is? You cannot rely on the retailsales side alone says Cracknell Wright. The Name: Geek Retreat. What of the future?
With total retailsales projected to reach $350 billion this year, Vietnam is rapidly becoming a key player in Asias retail landscape. Savills explores the key drivers of growth, market challenges and future opportunities shaping Vietnams retail industry this year. per cent year-on-year in Q4 last year.
This story is from our 2025 Australian Retail Outlook. Economic recovery, technology adoption and shifting consumer priorities will shape the future of Australian retail in 2025 and beyond. Looking ahead to 2025, the key question is adaptation: will retailers evolve or be left behind? Download the full report here.
Looking at the market, 87 per cent of retailsales in the beauty category are done offline. Adore Beauty is primed and ready to go into bricks-and-mortar retail. I want it to feel like it’s a space where consumers can come and talk about their skin and hair concerns for a particular product solution.
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