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Retailers have long been obsessed with expanding their product ranges product diversification and line extension have been critical for supermarkets to keep pace with online marketplaces like Amazon. The post Analysis: Coles, Woolies’ shrinking product ranges are all about the bottom line appeared first on Inside Retail Australia.
The full merger of Monki into the Weekday platform is slated for next year, covering both online and off-line retail. Earlier this year, the company quietly removed Monki’s larger sizes “due to low demand” and to cut costs, a move not well received by consumers.
The high volumes of unwanted gifts and remorseful sale purchases have implications beyond the bottom line the environmental impact of emissions, repackaging and damaged goods is becoming excessive. Christmas and end-of-year sales are big business for retailers but they also drive enormous returns.
Last week, consumer-activist group The Peoples Union USA called for a 24-hour buying blackout of all non-essential goods on February 28, particularly from big-box retailers like Walmart , Target and Amazon. This is not the first time consumers have used boycotts as a means of protest in the US.
The ACCC’s lawsuit against Coles and Woolworths for allegedly misleading consumers about the price of essential products has now been spun into a class action lawsuit by the Gerard Malouf and Partners law firm. The unspoken pact is clear: Give consumers what they want at a fair price, and we’ll tolerate the massive profits you rake in.”
Inside Retail Australia ‘s managing editor Heather McIlvaine and features and premium editor Tamera Francis, and Inside Retail Asia ‘s features and premium editor Tong Van will also serve as judges in the event. “The quality of entries this year was phenomenal.
Rising operational costs, increased global competition, and shifting consumer behaviours are among the contributing factors. Shein uses advanced data analytics to predict trends and manufacture new designs with speed, while Temu’s aggressive pricing strategies have captured cost-conscious consumers.
And some seven years on, much to the dismay of retailers, it is now starting to shake the tree and become a real force in the market , as Australian shoppers increasingly turn to alternatives to manage the cost-of-living crisis. Amazon announced it posted over $3.1 billion in 2022.
Kevin Johnson, retail manager at Gerflor, and Lee Jacovou, key account manager, said retailers are increasingly recognising that sustainable flooring offers a powerful combination of long-term durability and a reduced ecological footprint.
Carlos Alberini, CEO of Guess, said the results were in line with the company’s guidance. We are navigating through an uncertain shopping environment in many parts of the world impacted by geopolitical issues and lower consumer confidence,” Alberini remarked.
With consumer sentiment and discretionary spend down, many retailers are already facing reduced profit margins and a higher cost of doing business, making hefty discounting for prolonged periods a particularly costly exercise. We’re pleased with the initial sales figures, which are in line with our expectations.
Today’s consumers are craving a truly unique shopping experience. We are only at the beginning, and as brands begin to scale their AI utilisation, its full spectrum of benefits for consumers and retailers alike will be uncovered. The post Generative AI is supercharging retail, what does this mean for consumers?
Sephora CEO and president Jean-André Rougeot at this week’s National Retail Federation’s State of Retail and the Consumer conference. It also makes us more successful commercially because there is such a diverse consumer now in America. If we need to succeed in the long term, we need to be able to talk to those consumers.
Though most of the supply-chain disruptions the Covid-19 global pandemic caused are over, geopolitical fault lines developed in 2024, with heightened military tensions in the Middle East and global power brokers flexing their muscle to the detriment of the stability and cost of some global supply chains once again.
“As Singapore is a strategic gateway to the Southeast Asian market, it was imperative that we launched stores here,” Washing Zhong, country manager at Descente Singapore, told Inside Retail. Quickly understanding and adapting to local consumer behaviour is crucial,” he said.
We want to be the first port of call for brand-conscious and value-conscious Gen Z and millennial consumers,” said Justin Seskin, one of TheDOM.com’s co-founders, along with Thrills director Howard Blend and It Works managing director Paul Downs. . Solving the ‘dirty’ side of discounting.
2025 marks a year of accelerated growth, with a strong focus on premiumisation, direct-to-consumer expansion, and a broader lifestyle offering beyond denim. Nuholt Huisamen, managing director for East Asia Pacific at Levi Strauss & Co., For Levi Strauss & Co., IR: What projects are you looking forward to working on in 2025?
Great product diversity, changing consumer demands, and the expansion of e-commerce have turned inventory management into a major pain point for retailers. Poor inventory management results in overstocking and under-stocking, impaired cash flow, and losses from theft and spoilage. Here are some reasons why: 1.
With brands having to work harder than ever to maintain attention, loyalty and consumer spend, powering authenticity with imagination – have driven impressive commercial results through dynamic retail design. So, what can we expect in 2025 and how can Checkland Kindleysides help retailers?
Consumers are increasingly seeking out brands that align with their personal values. With increasing geo-political instability, cost of living stress and growing anxiety, it makes sense consumers are orienting towards organisations and brands that ensure value for money. Value for money isn’t the only value on shoppers’ minds.
Railpen, one of the largest pension managers in the UK, has announced Caledonia Park, its premium designer outlet village in Scotland, has experienced a record-breaking year for sales and performance.
some has implemented a cross-border online and offline membership system, allowing consumers to earn and redeem points across different countries. some manages a supply chain spanning global sourcing, inventory management, and logistics. some brand is also in the works to meet the needs of a wider range of consumer groups.
Its namesake-branded shops are consumer-fronting with around 8000 SKUs. Before engaging with Zebra, the company’s management realised team members were struggling with operational inefficiencies. In short, the company wanted its field managers, district managers and front-line staff to work smarter, not harder.
The consumer has only seen what supply chain disruption looks like in the last few years, but supply chain professionals have always been battling this in the background. In the intense retail environment, managing inventory effectively is the difference between delighting the customer at those peaks or missing out,” concludes Egglestone.
Crocs has reported better-than-expected sales and profit for the third quarter, but management has revised its outlook down due to the continued decline of its HeyDude brand. per cent year-on-year to $1.062 billion, with direct-to-consumer sales growing 4.4 On the bottom line, Crocs’ net income increased to $199.8
To compliment Red Run’s direct-to-consumer offering, the brand has partnered with ASICS to retail a select range of sneakers that have been specifically selected by Creative Director, Megan Kimmance to be styled with its fashion forward, versatile collections to offer customers a full provision of style from head to toe.
According to data provided by Adobe Analytics, online Black Friday shopping in the US hit new heights in 2024, with consumers spending a record US$10.8 To put these numbers into perspective, that is more than double what US consumers spent online on Black Friday 2017, which drove US$5.03 billion online on Friday, up 10.2
That signalled the way for the introduction of new laws to protect consumers and the Indigenous. QVM management will take a “collaborative approach” to phase out the sale of inauthentic goods instead of waiting for guidelines or direction from a new national law. “We
Innovations such as contactless cards, mobile wallets, blockchain, and real-time payments are transforming transaction methods for consumers and companies. These services’ adaptability and convenience foster consumer loyalty and render traditional payment methods, such as cheques and bank transfers, progressively obsolete.
Nike has reported a decline in sales for the third quarter, but management said the company is still on the right path as it continues to execute its strategic priorities. billion, with direct-to-consumer sales down 12 per cent and wholesale sales down 7 per cent. On the bottom line, net income dropped 32 per cent to $0.8
On the bottom line, consolidated operating income decreased 1 per cent. “We will stay laser-focused on providing an unparalleled experience with simple, everyday value and affordability that our consumers can count on as they continue to be mindful about their spending,” said chairman and CEO Chris Kempczinski.
Indeed, many retailers will happily say goodbye to 2024, a period when high inflation and interest rates remained persistent and an ongoing cost-of-living crisis crushed consumer sentiment to its lowest in 45 years, all of which resulted in anaemic national year-on-year retail sales growth. So as the going got tough, what did retailers learn?
He cites a brand launching a new product line as an example. Meeting the expanding expectations of consumers According to Cohen, understanding customers is a challenge businesses have faced since Roman times. There needs to be better tools to manage that whole lifestyle. You’re always thinking about what’s next.
Launching in November 2021 and ending in March 2023, the scheme will provide a roadmap to hit ‘clothing circularity’ in Australia by 2030, in line with the National Waste Policy Action Plan targets, and is powered by a $1 million grant from the Federal Government. “We
Estee Lauder has reported a decline in sales for the first quarter of FY25, mainly due to low consumer sentiment in the Chinese market. Management attributed the decrease to worsened consumer sentiment in China, which drove further softening in overall prestige beauty in Mainland China and low conversion rates in Hong Kong. “Our
Amazon has also been taken to task for one of its fashion lines, along with Boohoo, Zalando, Shein and ASOS. Do consumers really care? And the hit job in Paris hasn’t bothered sports organisations: Yesterday, the company launched a new line of fan apparel for the National Hockey League. Neither has it bothered the share market.
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.
As consumers move seamlessly between online, mobile, and physical store channels, retailers must keep pace through an omnichannel strategyone that unifies every customer touchpoint into a cohesive, frictionless journey. By fostering agility and an openness to experimentation, brands can stay one step ahead of consumer expectations.
The Dr Sam’s Skincare line is now a complete, but compact, product range based on 4 pillars: Cleanse, Activate, Hydrate and Protect. Victoria Campbell, Managing Director at Dr Sam’s says; ‘ Sephora was the natural choice for us given its positioning that embraces innovation, diversity and inclusion.
Rob Deacon, Asset Management Director at Liverpool ONE commented: “Sephora is a brand that represents exactly what Liverpool ONE looks for when adding to our line-up. It is globally celebrated, has a huge base of loyal fans, and delivers a bold, compelling concept.
Cost-of-living has gone from crunch to crisis and with this new economic reality has come new consumer behaviours. By identifying new trends in how consumers are making purchase decisions around promotional discounts and impulse purchases, retailers can meet the consumer where their budget is and potentially bend it.
Conventional lines of association – religious institutions, civic groups, and neighbourhood gatherings – have disappeared. Particularly among Millennials and Gen Z, modern consumers seek experiences, relationships and community, along with products and services. Challenges and points of reference These kinds of changes cause problems.
I think bringing on 600 or 700 smaller stores only dilutes management focus, he added. It rejuvenates the sales line of Myer; for a period of time, he added. The question I would always have for a board is, what is the benefit to the consumer? I’m very cautious about [it], Walker said. In FY24, Myer generated $3.27
However, one industry newcomer that has managed to buck all expectations is True Classic. Five years after launching into the market with its hero product, a true-blue fitted t-shirt, the brand now operates 9 brick-and-mortar stores, alongside thriving direct-to-consumer and wholesale operations.
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