Inside Retail

JANUARY 28, 2024

Amid increased interest in Australian brands and the beach apparel category, Australian women’s fashion brand Tigerlily is considered as good as sold by its current owners, private equity company Crescent Capital, which is seeking to capitalise on the current market. This comes after Australian swimwear brand Seafolly was sold in mid-2023 for about $70 million to a mystery HK-registered entity, Bondi Brands Group, that was only incorporated in June 2023.

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Inside Retail

JANUARY 28, 2024

Shein will launch its first Brisbane pop-up, the online fashion and lifestyle retailer’s sixth pop-up store in Australia. The new shop follows the successful pop-up launches in Sydney and Melbourne. “We look forward to celebrating summer with Shein fans at our beach club-themed pop-up, inspired by the sun-kissed beaches in Australia,” said a spokesperson for Shein.

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Inside Retail

JANUARY 28, 2024

Woolworths has flagged weaker performance of its New Zealand food operations and Big W businesses in the first half of the current fiscal year. The supermarket chain forecasts its New Zealand unit to book $65.7 million (NZ$71 million) in earnings before interest and taxes, down 42 per cent from a year ago. This includes about $12 million of costs associated with the transformation of Woolworths New Zealand.

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Inside Retail

JANUARY 28, 2024

On January 4, while many of us were still recovering from New Year celebrations, 32 million randomly selected Google Chrome users had third-party cookies disabled in their web browsers. It wasn’t a mistake. Rather, Google had finally begun its long-talked-about phase-out of third-party cookies. In case the billions of articles about the sunsetting of cookies have passed you by, here’s a quick explainer.

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Inside Retail

JANUARY 28, 2024

China’s supportive policies and improving economic data in Europe will boost European luxury companies, Barclays says, raising its rating on the sector to “overweight” After a post-pandemic splurge that fuelled robust sales growth for high-end fashion companies over two years, consumers have been reining back purchases, particularly younger, less wealthy clientele that are more vulnerable to rising inflation.

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Inside Retail

JANUARY 28, 2024

Renowned activewear brand Lululemon has unveiled a Lunar New Year campaign featuring the iconic Academy Award-winning actress Michelle Yeoh as part of its focus on promoting holistic well-being for all demographics. Set against the picturesque backdrop of Jingning and Xiandu’s mountainous landscapes, the campaign centres on a short film entitled “Be Spring,” which celebrates the Year of the Dragon and weaves together the artistry of Wing Chun martial arts and theatrical dance.

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Inside Retail

JANUARY 28, 2024

The Federal Government’s policies to reduce inflation and cost-of-living pressures could be the last roll of the dice for thousands of struggling retailers. Insolvency specialists are forecasting a shakeout of struggling retailers facing expected tightening economic conditions and legacy debt. While none of the practitioners have made bold predictions of the number of retailers at risk, they forecast an increase on the 10,566 business failures recorded for the 2023 financial year.

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Inside Retail

JANUARY 28, 2024

This is no surface-level makeover; Banana Republic has gone back to its heritage roots to amplify its brand. No longer merely a mall brand, Banana Republic has become a heavy lifter for its parent company, retail conglomerate Gap Inc, under the leadership of CEO Sandra Stangl who joined the brand in December 2020. Shortly after his appointment, Gap Inc reported a US$16 million net loss in the fourth quarter of 2020, with Banana Republic’s sales dropping two per cent from 2019 levels.

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