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Since entering the market, Parachute has raised over $47 million in venture capital. How Parachute popped off Like many other successful DTC brands in the market, the concept for Parachute came from a personal place of need and interest from the founder.
Delivery management platform and post-purchase experience provider, Scurri , today reported a record-breaking performance in 2024, announcing it had processed 154 million shipments through its platform last year, increasing from 115 million in 2023. Scurri facilitated a Gross Merchandise Value (GMV) of total shipments of 16.5
Omnichannel operational structure Adore Beautys executive team has been reshaped to ensure the business has the right structure to execute and manage the opening and operation of its bricks-and-mortar stores transforming the beauty retailer into an omnichannel one.
And some seven years on, much to the dismay of retailers, it is now starting to shake the tree and become a real force in the market , as Australian shoppers increasingly turn to alternatives to manage the cost-of-living crisis. billion in gross merchandise volume (total spend before fees, discounts and returns) up from $4.5
Melbourne’s Queen Victoria Market has cracked down on the sale of inauthentic Aboriginal and Torres Strait Islander souvenir products, ahead of new laws which come into force next year. The land on which the market stands, and the surrounding area, belong to the Wurundjeri People of the Kulin Nation, who are the traditional owners.
The Reject Shop’s low-cost operations combined with the ongoing success of its merchandise strategy are intended to set the retailer up for success despite macroeconomic conditions. This is done through our consumables business where we offer best in market prices on nationally branded products,” shared Eshuys. “Our
Instead of manually searching for items, employees can send digital requests for merchandise, ensuring that products are located and delivered to customers quickly. We use it across multiple regions, like greater China, and emerging markets in Latin America. LS Retail technology has a very high footprint in Adidas, says Bierlmeier.
Supermarket giant Coles is looking to power up its marketing with a partnership with award-winning marketer Professor Mark Ritson. The upskill in marketing follows a similar approach to merchandising, which saw Coles partner with Deakin University to deliver a mini MBA in strategic category management.
One of the hardest parts of marketing a large-scale brand, whether it be nationally or internationally, is ensuring there is a solid, overarching message, but also that each market is receiving localised and relevant content. Not anymore. And, it’s already worked for a number of brands.
Delivery management platform, Scurri , today reported an increase in the total gross merchandising value (GMV) of goods processed through its platform, which totalled over €12 billion in 2023.
Retailers have been using visual merchandising to appeal to and connect with shoppers for many years now. Be this simply placing items from a new range of clothes on a group of mannequins or coming up with a creative and colourful window display to draw in those passing by, visual merchandising plays a key role in many retail strategies.
The department store chain has yet to name the appointees for the newly created roles of GM of merchandise for beauty, accessories and services and GM of merchandise for women’s apparel. Last July, the company appointed Clarabella Burley, ex-Qantas Loyalty head of marketing, to the same role at Myer.
The Sports Equipment market generated more than $171 billion globally in 2024 and is expected to grow at an annual rate of 5.86%. Top Display Strategies for Sports and Outdoor Companies From using color theory to incorporating experiential marketing techniques, there are many ways to create more excitement and engagement with your displays.
Lifestyle and fashion retailer The Iconic has hired former Nike executive Andrew Poole to fill its newly created role of general manager for Sport. In this role, Poole drove commercial functions and growth for the business through a customer-centric market strategy, recruiting and optimising high performance teams.
Retail merchandising plays a pivotal role in the retail sector, dictating how products are showcased and sold both in physical stores and online. For students interested in a career in fashion and retail, understanding what is merchandising in retail can provide a competitive edge in this dynamic field. What is Retail Merchandising ?
Upon completion of the transaction, which is expected to close in the first half of this year, Nordstroms common stock will no longer be listed on any public market. The post Experts weigh in on Nordstroms privatisation deal with El Puerto de Liverpool appeared first on Inside Retail Australia.
Although retailers typically accept returns as a cost of doing business, more and more are struggling to manage the onslaught of returns caused by online shopping. Predictions for Holiday Returns in Early 2025 Returns are skyrocketing and are expected to hit 17% of all merchandise sales, creating a $890 billion problem for retailers.
As Vhernier is from Milan, the boutique showcases pure Milanese elegance through its minimalist shapes and soft colour palette, accented with touches of coral and eggshell, Marta Moruzzi, collection merchandisingmanager and international development at Vhernier, told Inside Retail. per cent during 2024-2032. per cent during 2024-2032.
After almost 30 years in the retail industry, Officeworks general manager of merchandising Jim Berndelis has gained plenty of experience and life lessons. I was part of the set-up team that launched Officeworks into the New South Wales market. Inside Retail: Tell me about your career journey.
These cutting-edge solutions will help retailers optimize customer loyalty and stay ahead of the curve in an ever-evolving market. EuroShop 2023 will also be focusing on key topics such as Connected Retail, Smart Store, Energy Management, Third Places, Customer Centricity, Experience and Lively City Centres.
Impact of singles economy on retail The singles economy is retails most significant market force. This move is more than just a trend, it indicates a fundamental market transformation. Retail is one of the markets most affected by the solo economy. This is especially evident in the food and beverage industry.
Imprint Pureprint will be exhibiting at the 2022 Visual Merchandising and Display Show. Our full-service offering including project management enables us to take your project from creative concept through to production and installation. The VM & Display Show is the place for all your visual merchandising and display needs.
The e-commerce giant has seen its market share erode in apparel as Shein and Temu quickly expanded in international markets with US$12 dresses and US$10 gadgets. But offering a variety of everyday products like dish detergent and floss is helping Amazon. Amazon is also facing competition from rivals at home.
Woolworths Group’s announcement earlier this month that it will no longer sell Australia Day-themed merchandise for the upcoming national holiday due to “a decline in demand” has been met with praise by supporters and calls for a boycott by critics. For a lot of people, myself included, January 26 is considered a day of invasion.
Ananth Sarathy, former general manager of digital experience at WooliesX, will lead the newly launched online HealthyLife business as managing director. Sarathy has held a number of other leadership roles in digital within the Woolworths Group over the last eight years, including as general manager of loyalty and data solutions.
It wasn’t too long ago that retailers and consumers were facing a plague of out-of-stock merchandise and empty shelves — on account of supply-chain disruptions in global retail. This is where a merchandising plan can help. This article will guide you through the process of crafting an effective merchandising plan for your retail store.
Inside Retail spoke with Officeworks’ general manager of customer and online Jessica Richmond about how the big-box retailer integrates customer feedback into decision-making. This solution integrates customer communications with our store-management systems.
Strand has worked with the MindArc team for over three years,” said James Gill, head of e-commerce trade & merchandising at Strand. “Together, were empowering brands to navigate digital transformation and drive growth on the Shopify platform, ensuring long-term success in an increasingly complex market. .
However, one industry newcomer that has managed to buck all expectations is True Classic. Five years after launching into the market with its hero product, a true-blue fitted t-shirt, the brand now operates 9 brick-and-mortar stores, alongside thriving direct-to-consumer and wholesale operations.
Since joining H&M in 2014, Li has worked her way through several different roles at the Swedish-born accessories and apparel brand, including merchandising, store development and e-commerce, to her job as head of customer activation and marketing for H&M Americas.
Anna Brennan is the general manager of women’s athleisurewear retailer Stylerunner. Before joining the team in 2023, Brennan was the general manager of fashion, at the Iconic. Commerce and Marketing at Sydney Uni), I was desperate for a role within the David Jones buying office, however, I lacked the experience.
Australia and New Zealands leading pureplay online fashion, lifestyle and sporting destination has had a year of evolution; with seemingly smooth transitions overhauling the businesss order warehouse management system (OWMS), building a new B2B platform business and tackling the intricate returns issue. The whole company got behind it.
On behalf of the company’s shareholders, Russell Withers said “The company has made significant progress in recent years on a number of fronts and is performing well under a highly credentialed management team, with an exciting outlook for growth. “As
This included the arrival of French Connection and Rituals as well as first outlet stores for Miniso and Abaci, taking their first steps into the market. The past year saw us work closely with new and existing brands to ensure they are presenting the most in demand merchandise ranges which our younger audience of shoppers are targeting.
A prospective backdoor listing and a marriage of convenience have enlivened end of financial year stock market prognostications. It could also potentially offer to divest its My Chemist and or the My Beauty Spot chains to focus on its format warehouse stores which are estimated to generate around 70 percent of sales from retail merchandise.
How do you market to the customer who can get anything they want anytime they want it? The US luxury retail market was worth US$134.6 billion last year, retail analyst and GlobalData managing director Neil Saunders told Inside Retail. It is on track to drive US$300 million in annual gross merchandise value by 2027.
In an increasingly tough market, Abercrombie & Fitch has started its fiscal year on a strong note with group sales up by 2.9 However, as it bucks the general direction of the market and stands in marked contrast to the more negative results of many other discretionary retailers, it is an exceptional level of performance.
However, after several years of diminishing sales in an increasingly competitive fast-fashion market, rumors have been spreading about Forever 21 declaring Chapter 11 bankruptcy for the second time. As Global Datas managing director Neil Saunders explained, Forever 21 has been battered by the rise of Shein and to a certain extent Temu.
The Visual Merchandising and Display Show is one of the most highly anticipated events in the retail industry, providing a unique platform for professionals to come together and showcase the latest innovations, trends and techniques in the field of visual merchandising and display.
Australian retailers with tween and teen consumer demographics could be forced to pivot their marketing strategies when a blanket ban on social media for those under the age of 16 comes into effect on November 28 next year. The gross merchandise value (GMV) generated by Australian social commerce was US$1.63 billion by 2029.
Specifically, we develop point of sale, merchandising, order management, CRM, sales audit and analytics solutions. What makes the company different from others in the market? Aptos One, our Cloud POS solution , delivers unified experiences through the store.
The company, however, still struggles to gain ground in a more challenging market, he added. The dip in North American sales continues to be a concern as this is Under Armour’s largest market by some margin, and is also a region where consumer spending has, generally, held up quite well.” Apparel revenue increased 3 per cent to $1.1
Tara Daly, senior director of product marketing at Loop Returns , shares with Inside Retail advice on getting started in the US market, some tips on cross-border shipping and logistics – including managing returns in a way that builds customer loyalty – and how to drive repeat business. Begin with baby steps, she advocates. “Don’t
It’s changed how we think about going to market, and how important our [physical] retail channel is when we’re trying to attract new customers,” Conti said. And Country Road is taking notice. Customers’ channel hopping is based on need. For us, it’s about figuring out what the consumer is looking for. “In
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