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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.
The international success of prominent K-pop artists such as BTS, Blackpink, and Stray Kids has catalysed unprecedented levels of consumer engagement, resulting in expanded market opportunities for merchandising. As the K-pop industry continues to boom, merchandising has become increasingly lucrative. million KRW ($1029).
We’ve brought in a very experienced omnichannel retailer by the name of Jacq Vuleta as the chief customer and merchandise officer, Laing said. The post Not just another beauty store: Adore Beauty CEO on entering a crowded market appeared first on Inside Retail Australia.
Scurri facilitated a Gross Merchandise Value (GMV) of total shipments of 16.5 billion Gross Merchandise Value (GMV) in 2024 appeared first on Retail Focus Magazine - Retail Design. billion, up from 12.35 billion the previous year. These achievements underline our role as a trusted partner for the ecommerce industry.”
After a four-year hiatus, G-Star Raw is poised to re-establish its presence in Australia and New Zealand, emerging from a turbulent chapter in the market. The Australian arm of the Dutch-founded denim giant, established in 1989, collapsed into voluntary administration in early 2020 as the advent of covid engulfed the market.
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. “We
Our merchandise team is focused on creating curated ranges that align back to global trends, enabling us to provide our customers with great products at the lowest possible price, a Kmart spokesperson told Inside Retail. We’re in the business of designing and inventing the next greatest yada yada and then marketing that to the world.
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
Mark your calendars for the 16-17 April 2024, as the Visual Merchandising and Display Show returns to the Business Design Centre in London. The Visual Merchandising and Display Show: At the heart of the industry Taking place in the heart of London, the Business Design Centre will be filled with a cornucopia of industry experts.
It has been seven years since Amazon acquired the American grocery chain Whole Foods Market, but from its perspective, it is still only scratching the surface of the grocery sector. Imagine if you could get all your fresh groceries, plus household goods and general merchandise served through one familiar relationship and experience.
The Society strive to keep Visual Merchandising, Display, Experiential and Creative alive! We are now masters of creative and design production, not only for windows and in-store vm but also for pop-up stores, customer experiences, product launches, store design, press days, marketing activations, customer events and photoshoots.
per cent growth this year reaching a market value of $2.67 According to Research and Markets, the trend of social buying and shopping is expected to record “significant expansion” in coming years with the gross merchandise value of such transactions predicted to reach $5.17 billion by 2028.
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 design-led variety retailer is looking to offer Australian consumers an entirely new shopping experience and fill a gap in the market with its sustainable, affordable and playful designs. Flying Tigers expansion strategy is rapid; it plans to have a footprint of 50 stores across Australia in the next five years.
Retailers have also been hit with rising input costs eroding margins, leaving many merchandise, marketing and commerce functions wondering how they are going to achieve more with less. The post Retention and loyalty – how to grow when the market is down appeared first on Inside Retail Australia.
Retailers have been using visual merchandising and props to draw in customers for as long as shops have been open. Keep consumers engaged Up first is Propability, which, as its name may suggest, specialises in the supply of props and similar solutions to the market.
That’s visual merchandising for you. Therefore, if you’re looking to boost your sales , one of your priorities should be developing an effective visual merchandising strategy. What Is Visual Merchandising and Why Does It Matter? So, first, let’s define visual merchandising. Why is it important?
The Canadian convenience chain Dollaramas recent acquisition bid for The Reject Shop highlights a growing trend of international retailers assessing Australias discount market. These developments reflect the demand for budget-friendly options in the Australian retail market, which is also home to domestic competitors such as Kmart.
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.
Two of the nations major employers, with a combined workforce of 320,000 staff and about a 66 per cent share of the grocery market, Woolworths and Coles endured a 2024 they would no doubt rather forget. Woolworths and Coles, Australias supermarket goliaths, have gone from Covid-19 heroes to cost-of-living villains in the last two years.
The size of AI in the retail market exceeded US$2 billion in 2020 according to Global Market Insight and is expected to grow at more than 30 per cent between 2021 and 2027. Marketing: AI can also help provide insights into the ideal target market for a product. Now it can be done digitally.
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.
Traces of banned Chinese cotton were found in 19 per cent of a sample of merchandise selling at US and global retailers in the past year, a study showed, highlighting the challenges of complying with the US law aimed at blocking imports of cotton linked to forced labour in China.
The centre features a grooming salon with self-service options, a full-service veterinary hospital, a curated mid-tier and high-end merchandise assortment, a cafe specifically designed for a canine clientele, and more features to serve the needs of man’s best friend and their owners.
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 ?
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 2025 Retail Visual Merchandising and Display Awards are officially open for entries, offering an exceptional opportunity for retail professionals to celebrate their creative achievements and gain valuable industry recognition. For those ready to take their place among the industry s best, submitting an entry is straightforward.
Swarovski’s latest marketing campaign, featuring pop diva and “Wicked” star Ariana Grande, is the latest indication of the brand’s positive performance in recent months. In a market where mid-tier and luxury brands are struggling to stay afloat, let alone increase their profits, Swarovski certainly did not achieve these results by accident.
Convenience chain 7-Eleven is embarking on a bold strategy to double its footprint in 10 years as it drives growth in new markets. 7-Eleven has been a leader here, particularly in convenience where we have about 33 per cent of the market, and 11 per cent of the fuel market. It is very exciting.
Inside Retail connected with Millstein to discuss the brands plans to tap into channel expansion and merchandising opportunities and how the founder plans to turn Fishwife into a household name. BM: Fishwife fills a major gap in the US market. billion-plus US tinned fish sector. How have you overcome these hurdles?
The formula is simple: take functional everyday items, redesign them imaginatively with eye-catching colour, texture and packaging, price them accessibly, showcase them with immaculate visual merchandising and make the shopping experience fun, and watch the customers come in droves. Phnom Penh 2025: is the time right for market entry?
The Chinas department stores report 2024-2025 by HKUST Li & Fung Supply Chain Institute and China Commerce Association for General Merchandise provides a look into how forward-thinking players are redefining their relevance by shifting away from traditional retailing and embracing a more immersive, service-oriented and culture-led approach.
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.
Your retail display should use techniques like cross-merchandising and interactive elements to engage with customers and draw them into the aisle. Use data to improve your product marketing, and don’t be afraid to take advantage of global and local trends.
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 merchandising manager and international development at Vhernier, told Inside Retail. per cent during 2024-2032. per cent during 2024-2032.
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.
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.
Except, in this instance, you’ve actually stumbled across an Australian-born marketer who has unapologetically been swallowed whole by the Korean beauty industry. Korean beauty also emphasises skincare and self-care over masking imperfections, making Korean products a perfect addition to the most dominant category, the skincare market.
Attractive market Geo Holding, the parent company of secondhand clothing retailer 2nd Street, reported strong sales performance in its latest financial statement. Ogasawara added: Contemporary products tend to be popular across luxury secondhand markets. billion yen (US$5.4 billion) and accounted for 28.2 billion yen (US$5.4
Known for their unique and stylish pieces, Astrid & Miyu has cultivated a dedicated following and established itself as a trendsetter in the jewellery market. By considering the distance of the Raider Micro spotlights and the angle of the narrow beam, Shoplight expertly illuminated the merchandise on the shelving window displays.
For example, Macy’s newly launched menswear label, Mode of One, reflects just that, a retailer swiftly moving to fill in white space under its merchandising umbrella. In today’s increasingly competitive market, retailers need to be fast and flexible when it comes to curating products.
The two decided to fill in the white space themselves and started with a small booth at an independent fashion market. Over the past 10 years, the team has focused on growing in the US market. With the right design formula, sales from the US market have exponentially grown to where they now make up nearly half of Farm Rios profits.
Last year, cumulative gross merchandising volume (GMV) sales across major e-commerce platforms rose 2 per cent to 1.14 Beijing outlined stimulus measures in late September to prop up the world’s second-largest economy but many have yet to be detailed, let alone impact consumer confidence in a significant way.
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