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The Reject Shop has entered an acquisition agreement with Canadian convenience chain Dollarama. The Reject Shop Board unanimously recommends that shareholders vote in favour of the scheme, with the acquisition price of $6.68 cash per share representing a 112 per cent premium to the closing share price of $3.15 on March 26.
We feel strongly about providing our customers with the full, premium Tumi experience wherever they shop, Maroulis told Inside Retail. Key feedback highlights the appeal of dynamic visual storytelling, which enhances customer engagement and the effective zoning of products, making the shopping experience even more seamless.
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. Keith Wong: All our Charles & Keith flagships are situated in key shopping destinations with a brand-aligned image and an elevated positioning.
Two dedicated sessions delved into analyses from international investors, highlighting their views and strategies in an evolving environment. Investors are returning to the market with growing volumes, particularly in Southeast Europe and the UK, adopting an opportunistic strategy centred around winning concepts.
Theres a different energy when customers shop in person versus browsing from their homes. IR : How do you plan to approach overseas expansion? Right now, our primary focus is on strengthening our online DTC model, but I see opportunities for international expansion in the future. GP: Were exploring a pop-up in New York.
Its not a bad ploy and it fits well with the broader expansionstrategy, but even so, this is a company with much greater ambition than selling pens to students. The post Moshi Moshi eyes expansion beyond Thailand, targets 200 stores by 2025 appeared first on Inside Retail Australia. million Thai baht (US$23.7
They were visible in malls, high streets, shopping centres, or online marketplaces. million Australians now shopping on the platform every month. Amazon’s steady and strategic expansion of its logistics network has given it an edge in speed and efficiency. Once, we knew our competitors.
This month, Salomon opened its first direct-to-consumer store in Australia at Melbourne’s Chadstone Shopping Centre – a milestone in the brand’s journey of accelerating its growth in the ANZ region. The unique set of Salomon partner trail events is an expansion of its global strategy.
billion investment in its omnichannel strategy. Besides the normal blue box that I’m sure the American consumer has already seen and shopped in, we have started to create pickup points across the US, the COO said. Recently, Ikea has been seeing major gains in its US business, increasing its market share by 13.6
Among Amazon shoppers in the UK, 70 per cent now shop there at least once a month, while 17 per cent use the online marketplace weekly. Fulfilment expansion Amazon Australia is heavily investing in expanding its fulfilment capabilities in the local market. Key to its success has been its ability to drive frequency with shoppers.
The first two stores will open in Sydneys Stockland Shopping Centres before adding three further stores in New South Wales to its bricks-and-mortar network in 2025. Flying Tigers expansionstrategy is rapid; it plans to have a footprint of 50 stores across Australia in the next five years.
Vincom Retail is Vietnam’s biggest mall operator by dint of opening malls here, there and everywhere, but is this the right strategy? The post Vietnam malls: Was Vincom’s saturation strategy the right move? What can Vincom do? appeared first on Inside Retail Australia.
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 expansionstrategy globally. IR: Could you elaborate more on the expansionstrategies in this market?
We currently live in an era marked by economic uncertainty, environmental consciousness, and a desire for uniqueness, Australians are increasingly embracing second-hand shopping. The hunt for the thrill of it One of the driving appeals of second-hand shopping lies in the exhilaration of the search, the dopamine release gained in the hunt.
New stores are about to open at Auckland’s Botany Town Centre and Sylvia Park Shopping Centre, each offering eye testing at least five days a week. . Peter Winkle, co-founder of Bailey Nelson, said the store expansion plan is part of the company’s strategy to increase its footprint in New Zealand.
Liz Randle, Vinnies Victoria’s head of merchandise and retail innovation, has been with the company for over 13 years and has witnessed the op shop’s evolution from a network of bricks-and-mortar stores into an e-commerce platform. We have created an environment that heroes our values and honours the donation, said Randle.
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.
This is why many growing retailers adopt ‘glocal’ strategies, a nuanced approach to expansion that blends the best of global reach with local adaptation. This involves both translating content but also localising it to reflect local idioms, cultural references, and shopping habits. Want more insights?
In February, the business announced it had experienced 225 per cent year-on-year sales growth, primarily driven by its strategy in the US market. Leo is a luxury customer, he shops luxury constantly and his family shops luxury, Good shared.
That is a significant and rapid expansion and one that would draw investor scrutiny. This comes on the heels of a popup shop in the same district and the company believes it has learned enough from the popup to make the permanent store a success. The post Uniqlo’s US expansion: Has the parent learned its lessons?
To understand the way they shop online today, ChannelAdvisor , a complete multichannel solution for brands and retailers, recently surveyed more than 5000 global consumers across Australia, the US, the UK, France and Germany in partnership with global research firm Dynata. . Marketplace popularity continues to grow.
The executive said the new funding will be allocated across three strategic focus areas: product innovation and expansion, omnichannel retail presence, and international expansion. “We We plan to experiment with a mix of retail models, including a shop-in-shop format and our branded stores,” Pham said.
In an interview with Inside Retail , McGahan discussed what the UK expansion would look like, and what’s in store for the recently rebranded company as it explores broader horizons. FM: We’ve had two strategies at Strand. That continues to be a part of our modernisation and growth strategy in Australia.
With one in seven Australians shopping online every day, Peter Jackson saw the need to improve its digital offering. The brand offers international shipping for online orders but does not plan to invest in brick-and-mortar retail overseas as part of the next phase of the growth strategy. “We’re
Geezy Go, an online-only supermarket that launched in Sydney in August, is setting up shop in Melbourne on Wednesday and will soon hit New Zealand as part of its rapid expansion plan. “We’re Geezy Go is “redefining and revolutionising” food and grocery shopping, according to Kohli. Revolutionising’ grocery delivery.
Geezy Go, an online-only supermarket that launched in Sydney in August, is setting up shop in Melbourne on Wednesday and will soon hit New Zealand as part of its rapid expansion plan. “We’re Geezy Go is “redefining and revolutionising” food and grocery shopping, according to Kohli. Revolutionising’ grocery delivery.
Here, Chantal Brayley, global marketing manager at Petal & Pup, discusses the addition of the wedding category, the expansion into the US and how the business has switched up its marketing tactics to connect with consumers. CB: There were two big points of our strategy that we started to develop during lockdown.
The group has successfully enabled customers to shop seamlessly either online or in-store during the Covid-19 health crisis. The post Premier Retail sets record guidance as Covid strategies pay off appeared first on Inside Retail.
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. Embracing AI Walmart’s goal is to make shopping experiences effortless, engaging and personalised.
Dubai-based retailer and brand distributor GMG is ramping up its expansion in Southeast Asia and Hong Kong as demand for sports and lifestyle products soars. The country has a well-established retail ecosystem with high-traffic shopping malls, premium retail spaces and a digitally engaged consumer base.
This expansion aligns with the broader trend of Korean beauty brands gaining traction in international markets, particularly in the US, where consumers are increasingly drawn to innovative Korean skincare and cosmetic products. The company also plans to open its first physical store in the US, further enhancing its omnichannel strategy.
If it can now lay legitimate claim to have overtaken Singapore as Southeast Asias shopping capital, then Central Pattana, the mall arm of Thailands Central Group and the biggest player in the countrys shopping centre sector, has to take some of the credit. All in all, this is arguably the most important mall operator in Southeast Asia.
After establishing itself as a successful social media and e-commerce-led brand, Australian homewares brand Hommey quickly diversified its strategy and expanded into physical retail. There I was, working weekends on the shop floor, probably annoying customers with all my questions (but hey, I had to know!).
Business model and strategy The company offers products across 15 categories, including trendy toys, beauty products, stationery and snacks, with exclusive regional distribution rights for some items. Southeast Asia expansion Beyond Indonesia, Oh!some Further global expansion remains under consideration. In December, Oh!some
This expansion is more than just a growth strategy; it’s a testament to Casetify’s ambition to capture a larger slice of the global tech accessory market. Together with its own e-commerce platform and third-party marketplaces such as Amazon, the brand is working to build a strong omnichannel strategy. “As
The first store is set to open in Tokyos shopping district Ginza. Inside Retail connected with Bacha Coffee to discuss the companys strategic expansion in Japan and its vision for the market. IR : How important is the tourist market in your Japan strategy? Inside Retail : What inspired Bacha Coffee to expand to Japan?
Can you tell me a bit about how the Australian and United States regions differ in terms of how customers’ shop? The post Who Gives A Crap founder talks US expansion and launching new brands appeared first on Inside Retail Australia. Inside Retail : Who Gives A Crap operates across a number of countries now.
Discount retailer TK Maxx is set to open its first store in Perth’s Ocean Keys Shopping Centre, Clarkson on October 5. Since its expansion into Australia in 2017, the retailer has opened 78 stores including the new TK Maxx store in WA. The post TK Maxx to open first store in Perth appeared first on Inside Retail Australia.
Harvey Norman chairman Gerry Harvey said the solid results were a testament to the strength of the integrated retail, franchise, property and digital strategy the firm relies on, as well as its ability to adapt. Things are expected to improve once movement restrictions are eased and customers can alleviate their ‘pent up demand’ for shopping.
Rapid regional expansion with Singapore as the key focus “Like many global brands, JD Sports has chosen Singapore as its key city in Southeast Asia to capture rising demand in the region and trial new retail concepts and products,” said Andre Loong, CEO of JD Sports Southeast Asia. “We
Holland & Barrett joined The Langham Estate at 146/148 Oxford Street on 20 December, relocating from 52 Oxford Street as part of its strategic expansion on the famous shopping thoroughfare. Retailers are also drawn to this blend of prime shopping and workplace hubs, maximising footfall throughout the week.
IR : What strategies, from merchandising to marketing and more, does True Classic incorporate to stay ahead in this market? Weve also expanded thoughtfully, adding retail partnerships like our presence in Target and embracing a brick-and-mortar strategy, all while staying true to our direct-to-consumer roots.
The Canadian convenience chain Dollaramas recent acquisition bid for The Reject Shop highlights a growing trend of international retailers assessing Australias discount market. Walker provided further insight into the strategic moves that positioned The Reject Shop for this acquisition. First thing is to look at Dollarama itself.
Ubsdell explained: Across the board weve seen investment heavily geared towards international expansion and brand elevation. Three strategies for success, will be offering Sensorial #IRL Escapism, creating Disruptive Spatial Narratives and strengthening brand loyalty through Connected Experience.
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