Sun.Jul 28, 2024

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Kogan’s revenue falls amid lower gross sales

Inside Retail

Kogan ‘s revenue declined amid lower gross sales in the last fiscal year – but the company has marked a milestone, exceeding 500,000 members of its First subscription program for the first time. The online retailer’s revenue fell 6.1 per cent to $459.7 million as Kogan.com’s sales slid 6.4 per cent to $313.2 million and its New Zealand Mighty Ape division’s revenue tumbled 5.4 per cent to $146.5 million.

Planning 279
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Tile mural fronts Cult Gaia Miami boutique by Sugarhouse

Dezeen

A hand-painted tile mural covers the front of this Miami Design District boutique designed by New York studio Sugarhouse Design and Architecture for fashion brand Cult Gaia. Sugarhouse Design and Architecture designers Jess and Jonathan Nahon followed up their New York City store for Cult Gaia founder Jasmin Larian Hekmat with a flagship in Miami intended to align with the brand and the location.

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Adore Beauty names former Alquemie Group head as CEO

Inside Retail

Adore Beauty has appointed Sacha Laing as its new CEO, effective October 1. Prior to joining Adore Beauty, Laing served as the CEO and executive director of Alquemie Group, CEO of General Pants Co, and CEO of Colette by Colette Hayman. Laing has also previously served as COO of Country Road Group, and CMO of David Jones. “Sacha’s extensive retail and omnichannel experience aligns with our strategic initiatives and will be invaluable in driving Adore Beauty’s future growth,̶

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Forget Sleek Glass, The Future Face Of Facade Design Gets Creative

All Work

Modern building façades in Australia are evolving from glass-heavy designs to high-performance, environmentally responsive skins that enhance energy efficiency and reduce emissions. The integration of computational design with architectural practices is crucial, allowing for optimal solar shading, natural light optimization, and innovative building forms.

Design 83
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Is Your Business AI-Ready? Find Out with Orium’s Maturity Model

Generative AI is poised to redefine B2B, but scaling AI success in this space isn’t without obstacles. From fragmented data sources and complex buyer journeys to operational inefficiencies, the road to AI-powered growth can be challenging. To achieve a competitive edge, understanding your organization’s AI-readiness is essential. Orium's Data & AI Maturity Model provides a quick, actionable way to assess your starting point.

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How Kic’s Concierge uses tech to put the human-touch in scaled personalisation

Inside Retail

New-generation GenAI technology is unlocking the power of personalisation at scale, creating the cornerstone of a channel-less approach to retail that places the brand experience at the centre, regardless of where it takes place. Australian-founded health and wellness brand Kic has launched a Kic Concierge service which includes a hotline and quiz and optimises the customer experience journey and product offering with application programming interface (API) technology.

Strategy 274
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Analysis: How a global move to end tax breaks could impact Shein’s IPO

Inside Retail

Moves by authorities in the European Union and elsewhere to end tax breaks for low-value parcels threaten Shein’s profitability and risk denting the fast fashion retailer’s long-term attractiveness ahead of its planned stock market debut, investors who focus on the sector said. Shein, which sells US$5 tops and US$10 dresses online, confidentially filed early in June for a potentially blockbuster initial public offering (IPO) in London, Reuters revealed last month.

Planning 246

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Why consumers are spending less – in most categories – and the impact on retail

Inside Retail

Persistent inflation and economic uncertainty are creating a dual challenge for retailers. On the one hand, operating costs are elevated; on the other, consumer preferences are frequently changing amid cost of living pressures. In response, retailers are proactively developing new strategies to optimise operations and adapt their offerings, pricing and customer service to keep pace with consumer expectations.

Consumer 147
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How the Olympic Games could drive sales of female sportswear

Inside Retail

It’s no secret that athleisure and sportswear brands have witnessed notable growth in recent years, largely thanks to an increased interest in outdoor activities, like pickleball and tennis, post-pandemic. However, research shows there is still a large untapped opportunity in women’s sportswear. A 2024 apparel and footwear report released by Euromonitor International, found that women’s sportswear sales accounted for just 36 per cent of all global sportswear sales, despite having a higher compou

Apparel 147
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Retailers beware, the Lululemon greenwashing lawsuit could be just the start

Inside Retail

Retailers beware: the legal hit job on Lululemon, the world’s leading athleisure brand, because of alleged deceit regarding its environmental practices could well be the tip of the iceberg. No one is safe. As reported by Inside Retail on July 19 , Lululemon is being taken to court in a class action lawsuit in Florida, following a complaint lodged by environmental activist group Stand.earth with the Canada Competition Bureau.

Other 289