This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The official opening of Printemps US marks a bold move on the French players part in an era when many luxury retailers are struggling to keep up. Lendrum brings a wealth of experience to the role, having previously held positions at Saint Laurent, Gucci and Ralph Lauren as president for the North American market.
Trends in the Commercial Investment Market The retail real estate market was a focal point of this years MAPIC, with a strong emphasis on investors perspectives regarding retailmarket trends and outlooks. These sessions revealed an optimistic vision of the resilience of retail as an asset class.
Despite modestly positive expectations for 2024, the luxury retailmarket did not pan out as merchants had hoped. According to a 2024 report released by global management consulting firm Bain & Company, this market dropped two per cent from an all-time high of US$387 billion to US$381 billion.
Indian retail conglomerate Reliance Retail has introduced an app in India to sell Sheins fashion products through a licensing agreement, marking the Chinese brand’s return after a five-year ban due to diplomatic tensions. The company estimates the fast fashion segment to reach $50 billion by FY31.
Recent research has revealed that luxury Australia retailers aren’t doing enough to capture the attention of, and drive consumer spending by, migrants of Asian background and heritage. In order to do so effectively, she stressed the importance of understanding the various factors and intricacies that inform their consumer behaviour.
Starting with a single sneaker launch in 2014, the brand has expanded into other retail categories, including outerwear, streetwear and accessories to become a lifestyle brand for all ages — from children barely old enough to pronounce the name of the business to veteran fashionconsumers. AJ: It’s been incredible.
Indian retail conglomerate Reliance Industries Limited has signed a franchise agreement with American luxury department store Saks Fifth Avenue to expand its luxury retail portfolio through its subsidiary Reliance Retail, the company said in its third-quarter financial report last week.
They have all successfully tapped into the power of pop culture to keep hold of the increasingly fleeting attention of the millennial and Gen Z consumer. However, just because a collaboration is unique, or even a little weird, depending on the consumers perspective, doesnt ensure that it will be popular or profitable.
Last month, Amazon moved into the budget e-commerce space through the launch of a discount website, Haul, which offers consumer products priced under US$20. Amazon Haul features fashion, home, electronics and lifestyle products, all of which are under Amazon’s A-to-Z Guarantee. trillion in revenue this year.
some has implemented a cross-border online and offline membership system, allowing consumers to earn and redeem points across different countries. some identified Malaysia as its next key market, driven by the countrys young consumer base and thriving retail environment. In addition to its core retail business, Oh!some
Neil Saunders, managing director and retail analyst at GlobalData, also confirmed the popularity of the American mall scene, commenting, “There is a narrative going around that malls are making a comeback. Consumers have a lot of choices about where to shop and when they drive to malls, they want more than a functional experience.”
Swiss purveyor of luxury chocolates, Laderach; renowned French retailer, Galeries Lafayette; the Spanish fashion powerhouse, Balenciaga; the Swiss emporium for multi-brand watches and jewellery, TimeVallee; and the Dutch haircare salon brand, Keune, are amongst the esteemed names set to establish their presence in India in the months ahead.
Cultural differences and fierce competition The Asian retailmarket, particularly in countries like South Korea, Japan, and China, is characterised by its dynamism, technological innovation, and fierce competition. The way consumers dress in this region is strikingly different from the rest of the world.
Asia’s answer to slow fashion, Supermint, has just unveiled its first Hong Kong store at mixed-use retail destination PMQ. We believe we can open up more possibilities for slow fashion and make the fashion journey sustainable. “We Modern women are independent and have unique fashion tastes.
The US luxury retailmarket was worth US$134.6 billion last year, retail analyst and GlobalData managing director Neil Saunders told Inside Retail. The term 1-per-center refers to the wealthiest 1 per cent of consumers. What is the 1-per-cent customer looking for? This group includes legacy players like Selfridges.
The themes on display are often indicative of the global trends affecting consumers and retail. In the past year or so, KPMG has published global research papers that add further insights to the big trends affecting retail models and consumer behaviour. What do consumers think and how are retailers using it?
] While live-streaming platforms may once have been reserved for gamers and their fans, luxury fashion brands are increasingly turning to this unique method of connecting with consumers. He believes retailmarketers have overlooked gaming due to its digital nature and confusion about how a digital property can drive people into stores.
Rachel Leonard, editorial director of The Bridal Council and former fashion director of Condé Nast’s Brides , agreed that consumers today are seeking more bespoke bridal wear and adds that they want those services provided on a “faster turnaround” time. The ‘see it now, buy it now’ mentality has also changed the landscape.
While the luxury and discount markets are relatively unaffected by the cost-of-living crisis, Mortimer noted that the middle-market is really exposed. While the luxury and discount markets are relatively unaffected by the cost-of-living crisis, Mortimer noted that the middle-market is really exposed.
But how is a brand known for selling $88 jars of sea moss managing to capture consumers’ attention and their wallets, especially considering current economic circumstances? Of course, Erewhon is not targeting consumers trying to reduce their weekly bills by shopping at value grocers. percent, to reach an estimated $8.47
“From a customer perspective, resale is driven by a wish to get one’s hands on desirable fashion items at a lower price as well as experiencing the fun of treasure hunting for something unique,” Anna Forster, sustainability strategist and co-founder of The Purpose Agents, told Inside Retail. “At ” How Nike Refurbished works.
Walking into the 1172-square-foot space designed by Ringo Studio, consumers are greeted by a 16-foot- long custom table with marble insets, anchored by a dramatic light fixture. This store is more than a retail space; its an immersive experience that blends innovation with nature.
An extensive portfolio of classic and popular fashion brands will enter the Australian retail sector for the first time as Brand Machine Group (BMG), a global leader in branded fashion manufacture and licensing, launches into the local market in 2024. First up is the US$2.4 First up is the US$2.4 You have to be committed.
It’s no secret that consumers are still spending big on their pets even in a cost of living crisis – and the launch of luxury pet accessories brand Mon Petit Amour Manolo, which sells collars starting at $550, is proof of this. Room for growth The global pet accessories market is currently valued at US$11.01 billion in 2023.
Shepard was inspired to start the brand based on his own experiences searching for such products, and he knew other consumers were looking for the same thing. Tapping into this much-underserved market has led to steady growth for Both& since it officially launched in 2020. per cent from 2022 to 2030 to reach an impressive $3.2
Following its launch in Australia in 2016, Danish retail group Bestseller has firmly entrenched its presence in the retailmarket, with the company making strides in its sustainability and circularity initiatives. This reflects the growing demand for good quality fashion at competitive prices.”
The key to effective adaptive clothing is catering for the vast array of needs different consumers have, while maintaining style and fashionability. Recently, fashion brands have begun to provide on-trend clothing with new styles, combining fashion and technology for people with a variety of disabilities.
Macy’s has been stepping up to the plate with a series of new moves, from the expansion of its smaller-footprint stores, to a new digital fashion platform targeting younger shoppers. But while these initiatives sound promising, the question remains: can the department store chain truly adapt to the needs of the modern-day consumer?
Recent years have seen rapidly evolving changes in all areas of consumer behaviour and there is little doubt it will continue in terms of the products and services that people want, who they want them from, and where and when they want to access them.
Following nine consecutive interest rate increases in Australia – with more likely to come – retailers are having to navigate a challenging economic environment, as consumers are looking to cut back their spending across a range of categories. per cent drop in consumer spending.
Skechers has selected actor Lawrence Wong as its Singapore brand ambassador for the second year running, in an ongoing effort to strengthen its appeal to a broad consumer demographic in the saturated market. She noted that culture and weather play a huge role in shaping the Singapore retailmarket. sale last year.
From one analyst’s perspective, the Australian mergers and acquisitions landscape is considered to be relatively subdued, but there are signs that confidence in the market is returning. The recent success of fast-food chain Guzman y Gomez’s IPO could further attest to food retail being exempt from decreased discretionary spending slumps.
Streetwear brand Ksubi is making a splash in the Australian retailmarket, with new stores in Sydney and Melbourne, and a high-profile creative director in Pip Edwards. This story first appeared in Inside Retail’s 2025 Australian Retail Outlook, powered by KPMG. Are you looking to grow, solidify, invest or cash up?
While the everyday consumer has become pri c e-sensitive with the growing costs of living in the US, the 1 per cent is still spending – to a point where the luxury shopping market has become more competitive than ever. The market is expected to grow at a compound annual growth rate of 3.22 billion in 2024. billion in 2024.
They join a host of Aussie-born apparel and lifestyle brands, including July, Princess Polly, Culture Kings, Bared Footwear, Papinelle and Frankie4, that have been expanding their omnichannel presence in the American retail landscape over the past few years. “This has then acted as a springboard for more expensive physical expansion.”
Like many talented industry professionals last year, Uniek founder Katherine Gracey was motivated to finally take the plunge and launch her own loungewear direct-to-consumer business. Mecca has continued to evolve the brand and the customer experience as the market has changed around them to ensure they are always at the forefront.
Continuing the series of conversations with RBC Capital Markets, a collaboration which began several years ago, this time revolves around discussions on the market situation in Spain, its characteristics regarding retail sales costs, as well as variations in consumer behavior in Europe and Spain, pre-owned market outlook, among other topics.
Executives are very focused on the consumer and are ever keen to understand what they want. Of course, this is how all retailers should operate; but the blunt truth is that so many have lost the basic skills of retailing and lack the attention to detail in the front end of the business. Neil Saunders is MD at GlobalData.
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Zara is more than just a fashion brand; it’s a global retail phenomenon that has transformed the way the world consumesfashion.
IR : What consumer trends are shaping the luxury retailmarket in Apac, and how is Golden Goose responding? The sneaker repair service has also been launched online. We are excited to expand further in Apac, with more Forward Stores planned for 2025, including one in Australia.
Even if only a fraction of these users convert into consumers, it spells immense profitability for retail brands. This is precisely what direct-to-consumer (DTC) brands have been capitalising on in recent years. While bricks-and-mortar stores still dominate the retail landscape, online retail is on the rise.
This week, The Iconic hard-launched a new brand campaign to serve as a reminder, to consumers and itself, that the online retail platform is far from finished with disrupting and innovating the Australian and New Zealand retail industry. Australians have never had more choice when it comes to shopping fashion online.
Heather Kaminetsky knows the luxury retailmarket like it’s the back of her hand. Prior to her current role as the president of luxury e-commerce retailer Mytheresa, the retail executive has held positions amongst several luxury shopping giants including Barneys New York and Yoox Net-a-Porter.
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. The open concept creates a space where consumers can shop cross-category to match their personal style.
We organize all of the trending information in your field so you don't have to. Join 29,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content