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Retailers have long been obsessed with expanding their product ranges product diversification and line extension have been critical for supermarkets to keep pace with online marketplaces like Amazon. The post Analysis: Coles, Woolies’ shrinking product ranges are all about the bottom line appeared first on Inside Retail Australia.
“As a result, some are visiting less often and I think today’s results tell that same story,” he said in an announcement, adding the company needs to fundamentally change its recent strategy to be able to improve its performance. Its cafes are too busy, lines too long, and too many of them are not pleasant places to linger.
The recent opening of Lululemon’s new flagship at Emporium Melbourne marked a key milestone for the brand and its robust growth strategy in the region. Inside Retail spoke with Paul Tinkler, vice president of Lululemon ANZ, about the significance of this opening and how it fits into the activewear brand’s broader business strategy.
While sales might be up for brands that adopt a high/low pricing strategy like JB HiFi, their bottom line isn’t looking so rosy. Meanwhile, over at Wesfarmers Group – the home of EDLP mainstays Kmart and Officeworks – sales are flat but the bottom line isn’t doing too badly considering. The endorsement of EDLP is pretty clear.
Vincom Retail is Vietnam’s biggest mall operator by dint of opening malls here, there and everywhere, but is this the right strategy? The sale of inventory properties (shophouses) that had anchored revenue growth in preceding quarters has now run dry, which accounts for the crash on the top- and bottom lines. What can Vincom do?
However, as AI-powered platform Blue Yonder’s Brett Egglestone, senior director – retail industry strategy, advises, it does not matter what time of the year it is: your customers always expect the same level of service. Blue Yonder has identified five common challenges to cover in your peak season strategy… 1. Click here.
Shein uses advanced data analytics to predict trends and manufacture new designs with speed, while Temu’s aggressive pricing strategies have captured cost-conscious consumers. Product is sequenced into a carton or tote, in order line sequence, allowing layering of product via automation.
Despite tough trading conditions, many Australian and New Zealand retailers continued to invest in CX, leveraging data, technology and innovative thinking to elevate their offerings in line with consumers’ rapidly changing expectations,” said McIlvaine. ” The winners will be announced in Melbourne on February 20.
We’ve had that problem for many years, and our original thinking behind the marketplace was to allow some of the brands we sell to range their entire product line online, which they can’t do in-store.”. The post The strategy behind Chemist Warehouse’s online marketplace launch appeared first on Inside Retail.
The brand has aptly named its environmental, social and governance (ESG) strategy in accordance: We are citizens. Recently the brand announced as part of its ESG strategy and its broader preferred fibre program that it would be expanding its use of recycled polyester and nylon by integrating them into its active essential range.
For Jim Ritchie, founder and strategy partner at branding agency US+US, the price drop class action and ACCC legal action against the Australian supermarket points to something much larger. “As
Our approach is built around delivering high-quality products and outstanding customer service, while leveraging our clear customer strategy to cater to different segments and ensure a seamless journey across both online and in-store channels,” he added. We’re pleased with the initial sales figures, which are in line with our expectations.
These include the highly anticipated launch of Blue Tab, the brand’s most premium denim line yet, and a renewed focus on creating immersive retail experiences across the region. Were launching the line in Asia in February, and our region will be the first in the world to access it.
We help decision makers working on high-value strategic decisions such as long-term network planning, site selection, timing and location strategy, and lease negotiations, Johnny Barnard, head of population forecasting at ID, explains to Inside Retail. For instance, a metro line getting expanded has a direct effect on demand for housing.
For brands newer to the space, the time to start building capability is now, as opposed to doing so once material market share losses are biting the bottom line. We need to integrate our core presence with strategies to cut through on the digital shelf and this is where promotion plays a vital role.
So while the sales period may have shown top-line growth in revenue and volume, digging into the numbers now tells us that in many cases these sales were just shifted forward from the traditional Christmas period – at big discounts for consumers. Well, strategy matters. So what can we do about all of this? This is natural.
The full merger of Monki into the Weekday platform is slated for next year, covering both online and off-line retail. To streamline its brand portfolio, H&M Group will integrate the Monki label into its Weekday brand and rebrand all of its Monki stores.
Castore’s arrival is a testament to Derbion’s progressive leasing strategy which has reaffirmed the centre’s position as the East Midlands’ premier retail and leisure destination. The strategy has been effective, customers are responding with their feet and Derbion’s reputation is helping it to attract more big-name brands such as Castore.”
The new more prominent location, served by eight underground lines including the Elizabeth Line, will bolster Holland & Barretts customer reach through enhanced connectivity in line with its strategy to increase its presence across one of the UKs most iconic shopping destinations.
So can a considered and concerted effort to embed and live your values actually deliver value to you, your people, your customers and your bottom line? Yes, even on the bottom line. The post Can brand values really benefit your bottom line? appeared first on Inside Retail Australia.
Caledonia Park achieved record-breaking performance in 2024, with total sales surpassing 2023 levels and footfall up 8%, underlining the impact of its targeted leasing strategy tailored to evolving consumer demands. Black Friday weekend was particularly successful for the scheme, with a 19.1%
One of the things that Coach does particularly well is to infuse new product innovation alongside its line-up of heritage and traditional designs. According to Saunders, the brand has become stale and is not delivering a punchy enough line up of products in a tough market. Among the brands, Coach remained “the star” with a 1.1
Cinderella moment Retailing his fragrance line to a broader market is an avenue Khalil is keen to walk, I’ve been busy, and I’ve created boutique fragrances with a specialised scent that wasn’t commercialised and available globally, Khalil said.
The competitive edge By cultivating deep operational excellence capabilities at every level from the executive suite to the front line businesses can unlock transformative value. The power of the front line Front-line workers and leaders are the heartbeat of any retail operation.
In October 2023, the retailer inked a deal with Shein to design, manufacture and distribute a line of Forever 21 products, seemingly taking the adage if you cant beat them, join them to heart. Others, like CI&Ts director of retail strategy Melissa Minkow, are a bit more optimistic about Forever 21s future.
At Microsoft, we break down the metaverse i nto three strategies: consumer, enterprise, and industrial. Each strategy unlocks specific use cases, as an effective way for retailers to identify where the metaverse can have an impact. . Front Line Worker Empowerment. Identifying opportunities for retailers . Consumer metaverse.
The retail industry is in a stir with the sportswear giant Nikes recent announcement that it will partner with Kim Kardashians activewear brand Skims to release a new line of activewear for women dubbed NikeSkims. Saunders stated, On the face of it, the partnership with Skims sounds great.
Inside Retail connected with the newly promoted executive to learn more about her journey with the legacy retailer and get a glimpse inside Davids Bridals tech-centered transformation strategy. This led us to launch our diffusion line, The Edit by DB, with curated drops like the 8 Dress Edit. What do you hope to accomplish in the role?
This will bring the world’s most popular browser in line with Apple’s Safari browser. Business as usual Indeed, many retailers have been preparing for the ‘death of cookies’ for years by amping up their first-party data strategies, and Baartse believes businesses should continue to do so.
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. Subsequently, expanding into the capital city of Kuala Lumpur was a necessary step in our development strategy.
Viv for your V was born out of this desire to create a line of products that prioritizes both personal and environmental health and feels approachable during what can be one of the most unbearable weeks of the month! What does this signal for Viv for your Vs brick-and-mortar strategy?
Inside Retail spoke to Charles & Keith’s co-founder and COO Keith Wong to learn further details on the company’s retail concept and global expansion strategy. IR: How do you see the role of flagship stores evolving in your overall retail strategy? IR: Are there any exciting collaborations in the coming months?
The company offers a diverse product line including activewear, casualwear, and underwear, designed for style-conscious modern men seeking quality and affordability. This international expansion strategy will enable us to refine our brand’s global appeal and gauge demand across diverse regions,” he explained.
“We have sharpened our strategy around HeyDude as we work to create higher brand relevance through our product and marketing initiatives,” said CEO Andrew Rees. On the bottom line, Crocs’ net income increased to $199.8 For the Crocs brand, revenues were up 7.4 per cent to $858 million, including a 2.1
The Levi’s® store in Bromley is the first in a line of branches to have a shift in design and strategy, in collaboration with Lucky Fox , as the brand hits a new direction. Central to the new look store is a large denim ‘fit and finish table’. Integral to the ‘fit and finish table’ is the in-store technology and digital signage.
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 administrators of Mosaic Group, FTI Consulting, have failed to find a buyer, citing uncertain future strategy of its brands, concerns regarding its historical indebtedness and a lack of committed orders for its future stock. They don’t have any differentiation so to speak.
On the bottom line, profit from recurring operations was down 14 per cent to 19.6 This capacity to weather the storm in highly turbulent times already illustrated on many occasions throughout our groups history is yet another testament to the strength and relevance of our strategy, he continued.
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?
Inside Retail : What is Lvly’s marketing strategy around Valentine’s Day 2025? Soniya Cooper: Our marketing strategy this Valentines Day is about celebrating love in all its forms and to do that, we’ve collaborated with everyone’s OG comfy love – Bonds.
According to the Trade Policy and Strategy Office (TPSO), Thailand’s beauty market reached a value of more than 246 million baht in 2022, with exports making up 28 per cent of domestic production. This move coincides with the rising popularity of Thai beauty products, particularly in the wellness and sustainability sectors.
Guzman Y Gomez has reported double-digit growth in both top and bottom lines for the fiscal first half. The chains global network sales increased 23 per cent to $578 million for the six months ended December 31, while EBITDA increased 28 per cent to $32 million. per cent, with comparable restaurant sales up 9.4
The brands original business strategy and slow fashion blueprint were a natural evolution of my extensive study of yoga, meditation and Eastern philosophies. Inside Retail : How did you come up with the concept for Nagnata?
It’s a business that has quite literally woven sustainability into its strategy, with its garments made predominantly from iconic bamboo and Lyolyte fibres. “By The post B Corps Certification drives the triple bottom line: people, planet and profit appeared first on Inside Retail Australia.
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