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Inside Retail spoke to Balázs Krizsanyik, GM of Desigual Asia Pacific, and Tim O’Rourke, national sales and managing director at O’Rourke Showroom, to learn more about the brand’s local strategy for the Australian market and its expansion strategy globally. IR: Could you elaborate more on the expansion strategies in this market?
Australian fashion jewellery chain Lovisa is continuing with its global expansion after profits jumped 20 per cent for the full year. The company says a key driver for sales was its continued global expansion where 172 new stores were opened during the year taking the total to 801 stores across 39 countries. Sales reached $596.5
That is a significant and rapid expansion and one that would draw investor scrutiny. The company is now certainly a lot further along in building brand awareness through significant investment in marketing and, at least on some level, it has a better understanding of the American shopper than it once did. million in Texas.
Showroom-X will also use the cash generated through the offer to create a bespoke online marketplace encouraging circular fashion: allowing customers to recycle, upcycle, and rent out their old garments. “We The post Showroom-X launches equity crowdfund to power international expansion appeared first on Inside Retail.
From DTC to local and international expansion efforts The company opened its first pop-up shop, which ran from April 19-21, on Greene Street in New York City’s fashionable SoHo neighbourhood. Once you put these on your feet, you’ll realise they are truly life-changing,” Hogan confirmed.
Not content with capturing the Australian and New Zealand market, Group CEO Felicity McGahan said that Nere – which strives to offer an affordable range of suitcases, travel bags and accessories – is adding another sticker to its passport by expanding into the United Kingdom. The market size in the UK market was also exciting.
Australian fashion brands are gaining momentum in the UK and Europe, reflecting the growing diversity and dynamism of the global fashion industry. To thrive in international markets, always start with a customer-centric approach. Agility is crucial as you navigate through diverse markets.
New Zealand outdoor and lifestyle retailer Kathmandu has taken the wraps off its major global rebrand today, shifting its focus to become more accessible, inclusive and fun, as it prepares for international expansion into Europe. You see people wearing puffas on the catwalk and in fashion shows now.
British retailer Frasers Group said on Friday it has bought shares in premium fashion brands of JD Sports for about US$57.7 million, as the Mike Ashley-owned company continues its drive into a more premium market. Reporting by Amna Karimi in Bengaluru; Editing by Krishna Chandra Eluri and Josie Kao, of Reuters.
Its hybrid consignment model and curated in-store shopping experience have made it a go-to destination for economic and environmental shoppers who still want to be fashion-forward. Olivia Mangan: The landscape of fashion in Australia and globally is witnessing a really remarkable shift,as secondhand is getting widespread acceptance.
Having operated in Asia for more than a decade with Hong Kong as its sole market, the French fashion label American Vintage now has larger ambitions. China is a country that is moving forward very quickly and in record numbers in the fashion industry. Azoulay acknowledged the challenges that come with expanding into new markets.
Under the leadership of the brand’s marketing director Nick Jackson, the third generation of the family to run the business, Peter Jackson has rolled out a new e-commerce platform, which supports a seamless omnichannel experience for customers across all touchpoints. So, we see value in our marketing efforts through that scale.
Long gone are the days of Victoria’s Secret’s fashion show and ‘fantasy bra’ taking centre stage and setting trends for brands and retailers globally. Parade was founded by Columbia University dropout Cami Téllez in 2019, with a purpose to disrupt the market and champion inclusivity, body positivity and sustainable manufacturing.
In 2020, Australian teen fashion brand Pavement joined a large list of retailers that entered voluntary administration, citing the Covid-19 pandemic as a major factor contributing to their exit from the retail landscape. Are there plans for expansion beyond this partnership? IR: How significant will Pavement’s presence be across Big W?
Chinese fashion company Shein is significantly ramping up its marketing efforts in South Korea to capitalise on the country’s burgeoning e-commerce sector. The number also positioned the company as the fourth-largest in the domestic market after Coupang, 11Street and AliExpress, according to Business Korea. billion won.
To a slow fashion apparel brand in rural Cambodia, Australia’s sophisticated fashion capital of Melbourne seems a world away – and not just geographically. Yet Dorsu, which positions itself as an ethical and sustainable clothing maker, has overcome geographic and socioeconomic barriers to establish itself in the Australian market.
Considered a philosophy to provide lasting luxury fashion and lasting positive impact, the 10-year strategy includes four key areas in line with the UN’s Sustainable Development Goals to boost circular fashion practices — circular business, circular culture, planet positive, and people positive. .
Despite hitting the market just six months ago, it’s already stocked in major retailers, including Myer, Surfstitch, The Iconic and Revolve, as well as dozens of specialty retailers across Australia and New Zealand. Sana’s success and how it’s using offcuts to make fast fashion more sustainable. Chris Perkins: The inception of St.
Ralph Lauren has reported a lower growth rate for its fourth-quarter revenue, but an analyst said the brand is still doing well amid a wider slowdown in the luxury market. Neil Saunders, MD of GlobalData, said the moderate growth was in line with expectations given the general trend in the luxury market. “In Sales in Asia were up 1.1
With most items priced under A$200, the brand is seeking to elevate travel for the mass-market consumer. “Everyone travels now,” McGahan told Inside Retail. McGahan was quick to note that Nere’s fashion focus hasn’t come at the cost of its product quality. Global expansion ahead Since Nere first launched in 2022, it has sold about 1.6
The NAL acquisition is perfectly aligned to our strategy to grow our leadership position in the lifestyle and youth apparel markets in Australia and New Zealand,” said Accent Group chief executive Daniel Agostinelli. The post Accent Group picks up Glue, Next Athleisure in expansion play appeared first on Inside Retail.
To achieve this target, the Copenhagen-based company will increase investments in brand desirability and the store network with a refreshed marketing strategy and elevated in-store experience. The company’s new financial targets include an organic growth of 7-9 per cent CAGR from 2023-2026, with a network expansion of about 3 per cent.
Numerous conferences and sessions held over the first two days provided a comprehensive overview of market trends, featuring many exclusive international speakers. Retail investment has been especially driven by the strong performance of the Italian, Portuguese, and Spanish markets, alongside robust results in the UK.
Less than two years after making its international debut in Japan, Singapore-based fashion label Beyond The Vines has expanded its footprint into Thailand, opening its first store in Bangkok’s Central World. Inside Retail spoke to Ting to learn more about Beyond The Vines’ Thai venture and its larger ambition for overseas markets.
The ‘secret sauce’ for Sheet Society is bringing the look, feel and shopping experience of clothes fashion to manchester and bedding. We saw a gap in the market for bedding that was an extension of your personal style, just like fashion. I feel like some new DTC brands are coming into the market.
In a warehouse on the outskirts of Barcelona, women stand at conveyor belts, manually sorting T-shirts, jeans and dresses from large bales of used clothing – a small step towards tackling Europe’s towering problem of discarded fashion. In a statement to Reuters, H&M said it recognized it was “part of the problem.”
With an unmatched presence across media, music, sports, fashion, and more, McDonald’s is deeply woven into our social fabric,” said Ricky Yoselevitz, SVP of licensing at IMG. From buzzy fashion ranges to one-of-a-kind collaborations, every launch is sure to resonate with global audiences in a way that only McDonald’s can,” Yoselevitz added.
Singaporean label Charles & Keith is ramping up its global expansion, opening three flagship stores in Tokyo, Singapore, and China, following its concept debut in Seoul last year. It offers the perfect setting for our largest global store, allowing us to showcase the full breadth of our collections to a unique, trendsetting market.
Spanish fashion label Desigual is returning Down Under, partnering with The Iconic to launch its spring-summer collection. But the expansion never eventuated. Desigual is known for its bright clothing and brave marketing techniques, such as offering free clothes to shoppers who arrive in their underwear.
In a celebration of tradition, culture, and style, Zalora , Asia’s leading fashion destination, recently launched its highly anticipated Zaloraya 2024 campaign. In particular, the status of Malaysia and Indonesia as high-growth markets for modest fashion points to a vibrant and thriving landscape,” Lim stressed.
Australian fashion brand Aje has committed to further international expansion, potentially including a dedicated bricks-and-mortar presence in the United States, after spending the last year and half focusing heavily on its international retail partners. The US isn’t the only overseas market the business is focusing on.
Lovisa Holdings booked higher net profit amid a strong trading performance and global expansion in the last fiscal year. Lovisa also expanded into seven new markets: Ireland, Mainland China, Vietnam, Ecuador, Senegal, Guadeloupe, and Gabon. “This positions us well to continue our growth in both existing and new markets.”
A year after entering the US, omnichannel fashion label Love, Bonito forayed into the Philippines to further strengthen its presence in Asia. The Philippines marks Love, Bonito’s sixth market where it operates a bricks-and-mortar store, after Singapore, Malaysia, Indonesia, Cambodia and Hong Kong. “We billion this year.
Shaftesbury has announced that popular Danish fashion retailer, Colorful Standard, has opened a permanent flagship space in Seven Dials. Colorful Standard was first introduced to Seven Dials last year, with a pop-up store located on 18 Earlham Street as part of the retailer’s London expansion. Colorful Standard dealt direct.
The deal, whose value has not been disclosed, marks Rinehart’s foray into fashion retail. We will bolster Driza-Bone’s expansion strategies, enabling the brand to venture into new international markets while staying true to its Australian heritage and commitment to superior quality,” said S Kidman & Co chief executive Adam Giles.
Dutch fashion retailer Scotch & Soda is accelerating its global expansion plans with a total of 15 new brick-and-mortar stores and 12 shop-in-shops opening worldwide over the next six months. We are now entering the next chapter of our expansion, which is very exciting, with an acceleration of the internationalisation process.
During the years affected by Covid-19 pandemic restrictions, when freedom of movement was restricted, Australian retailers redoubled their efforts to consolidate their position in the local market. But, with consumers facing rising inflation and cost of living pressures across the world, the stakes for international expansion are high.
some entered the Indonesian market in 2019, citing a gap in diverse retail product offerings. Southeast Asia expansion Beyond Indonesia, Oh!some some identified Malaysia as its next key market, driven by the countrys young consumer base and thriving retail environment. Further global expansion remains under consideration.
The expansion reflects the brand’s efforts to solidify its position within the local market, with additional store openings on the horizon to close out 2024. Takuya Saito: Well, we looked for expansion opportunities and we already had a store in Chadstone. Highpoint is just the beginning of our expansion Journey.
Sportswear retailer LSKD has been expanding rapidly throughout Australia in recent years, and has now set its sights on a bigger market: the US. IR: It seems that a lot of Australian retailers are considering international expansion right now. Inside Retail : Earlier this month, LSKD opened its first store in the US, in San Diego.
Chinese-headquartered luxury fashion group Lanvin and Primavera Capital Acquisitions Corporation says shareholders have approved the combination of the two businesses and Lanvin’s debut on NYSE this week. billion to $1 billion based on “various considerations, including the latest currency and stock market environment”. .
Sydney-based womenswear label Sotto Brand has made its debut at New York Fashion Week with its SS24 collections, eyeing global expansion. The company said the debut at NYFW kicked off the brand’s expansion strategy and helped the brand further grow its global presence.
KordaMentha Restructuring, as voluntary administrator, has begun a sale process for the business, which sells eyewear on its own website, as well as through online fashion retailers including The Iconic. . We have quality stock on hand, marketing ready to roll out, and a significant social media following.
The founder and creative director hit the runway straight out of fashion school showcasing his first collection in a Kings Cross car park at Australian Fashion Week in 2009. Now, the brand is a permanent fixture in the New York Fashion Week program, presenting a new collection each season.
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