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
And it supplies to departmentstores, such as David Jones, Myer, Kmart and Big W. 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.
SM Prime Holdings, the largest mall operator in the Philippines , has underlined its regional development strategy in the archipelago with the grand opening of a new mall in Mandaue City, Cebu on October 25. The post Why Filipino mall giant SM Prime remains committed to regional expansion appeared first on Inside Retail Australia.
The consensus within the retail industry is that Nordstroms partnership deal with the Mexican retail group will improve the departmentstore retailers chances of thriving at a time when many legacy players, like Macys, are struggling to survive. However, long-term success for Nordstrom wont come without further changes.
Indian retail conglomerate Reliance Industries Limited has signed a franchise agreement with American luxury departmentstore 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. per cent expansion. per cent by 2028.
The huge increase in online shopping over the past decade or so has had a major impact on departmentstores, with many consumers turning to Amazon, eBay and other online shops for shopping, rather than a more traditional trip out to a physical store. Changing culture of shopping.
Mosaic Brands is seeing positive results from the implementation of a digital departmentstorestrategy across several of its core apparel brands, including Noni B, Rivers, Millers and Katies. Mosaic’s departmentstore move isn’t exactly unique in the fashion industry. Leveraging loyalty.
Isetan-Mitsukoshi is a storied departmentstore chain with 15 units in Japan, including five in the Tokyo metropolitan area. One of them, the Isetan flagship in Shinjuku, boasts the highest sales of any departmentstore in Japan. Sales at Isetan-Mitsukoshi’s Tokyo metro stores are up 33.3 billion yen, or about $2.5
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 departmentstore chain truly adapt to the needs of the modern-day consumer?
It will also offer new-season boots, apparel, and accessories, a Marine Blue Comfort Craftsman exclusive to the store, and the brand’s largest women’s offering in the UK. ” Aside from the physical stores, RM Williams also sells its products through 90 wholesale partners in the UK. .”
However, both were short lived and less complex and less expansive than the Sigma customer base. The acquisition of Just Jeans, Portmans, Jacqui E, Dotti and Jay Jays by Myer provides a new growth channel after several years of reducing departmentstore floor space and trying to find a fashion edge.
“Our focus has been to get our product and marketing strategies right with superior fits and top-tier campaigns,” Santamaria said. In the UK, the business is already sold through a number of departmentstores and third-party retailers, but Seafolly’s new website will allow customers to buy directly from the brand. “The
Adelaide Central Plaza at Rundle Mall will house Tag Heuer, Tiffany & Co, along with exclusive brands within the David Jones departmentstore, the company said. Louis Vuitton will also open a pop-up store at Adelaide Central Plaza from October 13 to December 28.
When business was booming, Revlon’s strategy was to expand sales through mass market departmentstores, as well as buying expensive advertising. Like other legacy brands, they invested in magazine editorials which drove shoppers into stores, where sales would be converted through personal selling and glossy displays.
One example of this is the recent expansion of Vero Moda. She believes that Bestseller’s partnerships with Myer and David Jones had been particularly significant in Australia, due to the departmentstores’ size and strong reputation. This reflects the growing demand for good quality fashion at competitive prices.”
BBRC also owns the discount departmentstore chain Best & Less and has stakes in footwear giant Accent Group and fashion brand Dissh, among others. With strategy to implement and execution during difficult retail trading conditions of utmost importance, it is vital that experience and focussed leadership is at hand,” Brookes said.
The company’s strategy is to nurture the presence of international anchor players, complemented by Vietnamese brands. The real engine of occupancy growth is likely to be the expansions of the latter. The post Vietnam’s Vincom shifts focus from expansion to upgrades appeared first on Inside Retail.
Despite the multiple challenges over the last two and a half years, Carmen Chiu, regional managing director, Asia Pacific at Fortnum & Mason, is confident that the brand has built a solid foundation and engagement strategy with the domestic customer through its retail and hospitality businesses. “We
However, it is possible to do it – A Bathing Ape has regained momentum and Stussy is on fire despite the founders having long departed. EssilorLuxottica cannot be greedy, this process has to be a long-term strategy,” he added. Opportunity in Asia In the past year, Supreme has ramped up its expansion in Asia.
When it comes to future expansions, feedback from our customers will help guide new brands and categories, so watch this space.”. GFG see themselves as a fashion and lifestyle business, so the move into homewares is clearly on-strategy for The Iconic. Tapping into Millennial market.
Expanding abroad Having established a solid reputation in Mainland China, the brand has just begun to explore expansion abroad. One of those investors, L’Oréal’s venture capital fund, will likely be an invaluable resource in Zhaoran’s overseas expansion ambitions. They don’t push us; they don’t lead us. Creation also means business.
There is also a view that the breakup strategy could fund further acquisitions, including the Myer departmentstore chain in which he has already built a substantial shareholding. Peter Alexander’s sales have more than doubled from five years ago and the brand is now targeting larger formats and offshore expansion.
However, last month Designworks, the wholesale arm of Brand Collective, a leading house of lifestyle brands in Australia, announced that it was relaunching Pavement in the marketplace through the discount departmentstore Big W. Are there plans for expansion beyond this partnership?
A recent Myer trading update will have analysts and investors thinking long and carefully about the bold proposal by the departmentstore for a merger with Premier Investments. The review of the Myer departmentstore business and Myer Specialty Brands was initiated by John King, who retired as CEO in June.
They think, ‘Oh, I’ll just go to a departmentstore.’ IR: Can you tell me what that strategy looks like? Then we’ve done bus wraps, too, but most importantly, we’re tying all of that into a digital strategy with Google AdWords – retargeting, paid social. It’s only just beginning.
Dr Vranjes Firenze’s launch in the Australian market last December through a partnership with David Jones could be a sign of further global expansion to come, following L’Occitane Group’s recent acquisition of the luxury Italian home fragrance brand. Its work with premium Australian departmentstore chain David Jones is an example of this.
They are now so big and so powerful that Amazon is the default,” Nathan Bush, director of e-commerce strategy at eSuite, told Inside Retail. “Many domestic retailers were not strong on digital, especially departmentstores which offer similar home product ranges,” she told Inside Retail. . Amazon’s Achilles’ heel.
Following its 2020 marketing strategy rebrand, Parfums de Marly felt now was the right time to enter the Australian retail space with its French vision of excellence and luxury in opposition to standardisation, through in-store customer experience. For Australia, our strategy is pretty simple.
Once considered a lost cause, the business has gone from strength to strength since embracing a ‘lowest price’ strategy following its acquisition by Wesfarmers in 2007. We have gone in as the brand that sits underneath Zellers, so the go-to-market strategy has been to leverage the Zellers brand. IB: We’ve got a dedicated team.
The world’s largest retailer shared expansive plans for the future of retail at the recent Consumer Electronics Show (CES 2024), focusing on adaptive retail strategies that encompass realms of customers, workforce and society. Walmart is not resting on its laurels.
This week, Macy’s announced plans to shut down 150 “underproductive” stores, more than one-fifth of its departmentstore assemblage, over the next three years. However, Saunders warned that this expansionstrategy alone won’t be enough to restore Macy’s to its prior status.
Best Buy Chief Financial Officer Matthew Bilunas, however, predicted continued growth of the company’s health services would contribute to gross profit rate expansion even as it anticipates cooling demand throughout 2023. Best Buy’s comparable sales declined 9.3
After forging a successful corporate career as a strategy and marketing executive for Japanese tech company Brother International, Lewisham was inspired to reflect on the potentially harmful ingredients in the skincare she was using after a series of personal events.
With over 200 stores and a slew of international brands, including Celine, Ganni, Levi’s and Reebok, United Arrows is one of the country’s largest select shops, which is a kind of mini departmentstore. While the business is primarily direct-to-consumer, wholesale is an important part of its strategy in Japan.
Australian fashion label SIR is about to celebrate a decade in business and as its tenth birthday approaches its co-founders and creative directors, Nikki Campbell and Sophie Coote, are reflecting on the brand’s DNA as it moves into an era of expansion. “As
The French Fashion Corner showcases ten local brands across footwear, swimwear, jewellery, eyewear, and accessories, with each participant eager to explore APAC markets as part of their post-Covid commercial strategy. Hair accessories business Valerie Valentine is hoping it will be second time lucky for the brand’s Australian expansion.
These include Nike, which will debut its new Nike Unite concept store later this year, and UK luxury fashion retailer, FLANNELS , which recently opened its 45,000 sq ft departmentstore – the first in the country. Blanchardstown Centre is Dublin’s largest retail and leisure destination, covering over 1.1 million sq ft.
International expansion Viktoria & Woods has carved out its market share internationally and now graces the racks of prestigious British retailers Selfridges and Harrods, in addition to a few niche boutiques across the US. “I I thought we were well-known when I opened the [pop-up] store.
Founded amidst the opulent settings of Marrakech’s Dar el Bacha palace in 1910, this Moroccan coffee brand has recently made waves with its ambitious expansion into new territories. While my strategy is to open in the major capitals of the world, I focus first and foremost on quality rather than quantity.
Eye on the prize With a solid presence outside of Asia and a network of five physical stores in Hong Kong, Azoulay felt it was a logical step to continue the brand’s expansion into Mainland China. The biggest challenge has been finding local partners to help the brand achieve its goals of global expansion, he said.
US-based apparel chain Old Navy is reportedly exploring a possible expansion to India. In November last year, Aditya Birla Fashion and Retail entered into a strategic partnership with French departmentstore chain Galeries Lafayette to open luxury departmentstores and a dedicated e-commerce platform in India.
In an exclusive interview with Inside Retail , global CEO Pierre Arnaud Grenade discussed the brand’s expansion plans. The store opening, together with laser-focused integrated marketing strategy, will definitely help accelerate the growth of brand awareness and momentum of the brand,” he added. “We per cent in digital, 68.9
As the founder explained, many fashion labels use superficial strategies to appeal to trans or non-binary consumers, such as using LGBTQIA+ models in their campaigns without making any changes to their products. I think part of being a founder is deciding what fires you’re going to let burn and what things you are going to focus on.
per cent year on year, Myer CEO John King spoke positively about the departmentstore’s strong growth since the pandemic, and its future expansion centred on omnichannel retail. For King, the key to ensuring constant growth lies in its ‘good, better and best’ merchandising strategy.
A similar pattern is beginning to emerge in Asia too, for example with the preeminence in Thailand of Central Group, which has dominant malls in major urban areas around the country, each anchored by a departmentstore also owned and operated by Central Group and, surprise surprise, named Central DepartmentStore.
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