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The company intends to structure the transaction as a private sale of all intellectual property related to its brand and products, as well as operating assets in the US and other foreign subsidiaries. It will also look into the European and additional Asian markets in the future.
Differentiating The bricks-and-mortar beauty retail market in Australia is becoming crowded, with Wesfarmers’ new beauty offering Atomica joining Chemist Warehouse’s Ultra Beauty, homegrown cult-favourite Mecca and international import Sephora. He plans to travel to three states this week to sign off on additional locations.
Former Lovisa CEO Shane Fallscheer is launching his jewellery business, Harli + Harpa, which plans to roll out several stores by Christmas. The new retailer will market itself as “Your walk-in jewellery box” and open a store at Sunshine Plaza, among otherplanned locations.
Golden Goose aims to gain more market share in Australia by establishing a strong retail presence and building lasting community connections through new retail experiences. Inside Retail spoke with Mauro Maggioni, Golden Gooses Apac CEO, about how the business plans to grow its market share in the global US$39.91
American watch company Movado Group has established a joint venture with premier luxury brand distributor Norbreeze Group to enhance its market position in Singapore and Malaysia. Research company Statista estimates Southeast Asia’s watches and jewellery market to reach US$14.84
The digitalisation of media has seen advertising budgets diverted towards social media campaigns and search engine marketing in Australia, 70 per cent of digital advertising spend goes to Meta and Google. For many retailers, these platforms have grown to consume the whole marketing funnel and their templated options have become the default.
Mosaic Brands will “wind down” five of its brands to focus on its other five businesses as it struggles to remain afloat due to operational issues. The brands to be wound down are Rockmans, Autograph, Crossroads, W Lane and BeMe, as part of what Mosaic Brands CEO Erica Berchtold calls a Focus on Core plan.
some entered the Indonesian market in 2019, citing a gap in diverse retail product offerings. some identified Malaysia as its next key market, driven by the countrys young consumer base and thriving retail environment. For these reasons, we decided to use these two cities as pilot locations for the Malaysian market, the person said.
As part of the integration, some Monki stores will be converted into multi-brand Weekday destinations, while others will be closed. Retail Detail reports that H&M has long been planning to merge Monki with Weekday, as both brands appeal to young people but apparently can no longer make it on their own.
Since entering the US 39 years ago, Swedish furniture giant Ikea has come to dominate the furniture and home goods market with its wide array of accessibly priced products, unique store layouts and dedication to providing top-tier customer service. per cent in the past five years. This growth is largely thanks to the companys more than US$2.2
Rolling out a burger chain across the country has proved challenging for other US brands which have dipped their toes in the Australian market in recent years. Five Guys hit the Australian market in 2021. With plans to open 15 outlets, so far it has expanded to Manly and Sydneys west, as well as Byron Bay and Surfers Paradise.
We are also looking to elevate and open a number of stores new and existing across the different markets. The Blue Tab Collection, on the other hand, recognises market demand for more premium denim offerings. IR: Are there any specific markets or segments in Asia that you see as critical growth opportunities?
The presence of major international players such as AEW, CBRE IM, Pradera, Klepierre, URW, Ingka Centres, Nhood, Altarea, Hammerson, IGD, Apsys, Mercialys, Sonae Sierra, and others highlighted the significance of the event. In this economic environment, inflation is no longer the primary concern, allowing for reinvention.
We are working with Seven & I together around a marketing package of what a divestment would look like in the US.” Other investors have privately echoed similar sentiments. “We have not signed an NDA with Seven & I, Miller said in the call. The Canadian companys latest quarterly revenue rose 6.5 per cent, to US$20.9
It’s not easy to be a mid-market retailer in Australia right now. There is increased competition from e-commerce players, the local market and major international brands. Our numbers continue to get better and better when technically the market remains challenging. We’re a mid-market Aussie retailer.
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. Amazon, the $2 trillion gorilla, arrived on our shores officially in December 2017, just in time for Christmas.
Besides KFC and Pizza Hut, Yum China also operates other brands including Little Sheep, Taco Bell and Lavazza. We plan to expand the model to 1300 locations by the end of 2025. Ding noted that China is still a very big market. The company opened 1751 net new stores during the year, increasing 12 per cent year on year.
However, Temple & Webster plans to join the club by investing in technology to scale and gain a competitive advantage. By commercialising AI, he said, “there could be advantages that we deploy to win in other adjacent categories or markets ourselves”. “If million in FY23 to $1.8
In a press release, Jean-Marc Bellaiche, Printemps Groupes chief executive officer, stated, “We think we can bring something unique, both to its engaged local consumer base and the strong tourist flows the city welcomes We plan to pioneer a new format of experiential retail in this fast-changing and demanding market.”
Steven Khalil Interieur is the home interior offering that Khalil plans to continue expanding on following the collection with Designer Rugs in November. The next step for the fragrance and the shoes; that are coming, would be retailing to a bigger market.
Retail billionaire Solomon Lew has announced plans to spin off two major brands Peter Alexander and Smiggle from his public company Premier Investments next year, as part of a global expansion strategy. Other legacy brands, including Just Jeans and Portmans, will remain inside the Premier Investments vehicle.
“There is huge potential for this segment and I don’t see any other brand who can do what we do. The post Brooklyn Donuts opens first NSW store, plans national footprint appeared first on Inside Retail Australia. Next year our focus will be on New South Wales, we want to open between eight and 10 in Sydney.
Myer’s acquisition of Premier Investments’ Apparel Brands appears to be the next step in Olivia Wirth’s plan for the department store’s loyalty program, Myer One. Wirth’s leadership has focused on in-store enhancements, customer loyalty, and curated brand partnerships, helping Myer adapt to and anticipate market shifts,” she added.
Ashley Sampson: Reebok has been in this market for many years, and has operated under different entities. Reebok has undertaken a similar process overseas and, in many markets, we’re seeing similar results to what’s been happening in Australia. AS: We’ve never had retail stores in this market, so it’s really exciting.
IR : What is the retail plan for Clarins ANZ and how has this changed from the previous retailer-led approach? Together, the boutique and retail counters complement each other, delivering the dedicated excellence of Clarins to our customers in ways that suit their lifestyles and preferences. What was the thinking behind this?
You don’t have to be a marketing expert to know that Taylor Swift is a bulletproof brand that consistently improves, regardless of the challenges she faces or the challenges she sets for herself. She can instruct marketers on leading by example and practicing what they advocate for.
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.
Inside Retail : How has LaManna differentiated its holiday season offering from other supermarkets? IR : How does the supermarket have to prepare/work differently during the month of December as opposed to other months? PL: December is our busiest month, and preparation starts months in advance.
Cargo Crew specialises in custom-made uniforms designed for hospitality, retail, corporate and a range of other brands, and stands out in a competitive field by fusing fashion with functionality. Its new partnership with Glow Capital Partners is set to further accelerate its growth into new markets.
Intelligent baling solutions improve efficiency, sustainability and operational workflow in retail waste handling, Wastech sales and marketing head Stuart Howe told Inside Retail. Similarly, balers can compress and wrap plastic bottles, aluminium cans and other recyclable products or landfill-bound inorganic waste that cannot be repurposed.
This week, Australian furniture and homewares brand King Living announced plans to expand into the United States. Comparatively, the Australian furniture market is worth $10.9 The United States is key to the King Living global expansion strategy and the market provides us with an unparalleled growth opportunity,” Woollcott said. “We
The rebranding is part of a $370 million, three-year transformation plan for the company which will see older stores revamped and an upgraded customer loyalty program. Hong Kong-based Dairy Farm Group, a predecessor of today’s DFI Retail Group, bought that grocery business – including other banners – in 1990.
The bad news was that company CFO Mat Friend admitted that Nike fell short of its plan, telling investors on its June 27 conference call: “We experienced meaningful shifts in consumer traffic in key markets – particularly in Greater China, where brick-and-mortar traffic declined as much as double-digits versus prior year.”
From established players to newcomers, the sector is evolving to meet the demands of a dynamic market. On April 17, the brand plans to open its seventh location in Sydney’s Rouse Hill. There is a lot of in-house talent, experience, and resources to deliver and maintain properties.
The streetwear retailer is Australian-owned and operated, with a commitment to being a responsible, sustainable business that cares for its supply chain, people, and the planet, with a mission to inspire others to be 1 per cent better every day. LSKD was recently named ‘Business of the Year’ in the 2024 Telstra Best of Business Awards.
Online furniture and homewares retailer Temple & Webster has partially recovered from the significant losses that occurred during the first half of the 2023 financial year, and is focusing on its private labels, AI technology and value proposition to drive growth and market share over the next three to five years.
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. The post Planning to sell online in the US?
Of course, this is much easier said than done, with “going green” not something that can be done overnight and instead requires careful thought and planning. Retail Focus caught up with experts in the flooring market to find out more about their latest solutions and the long-term benefits they offer to retailers large and small.
An ever-evolving space According to Dr Seshan Ramaswami, associate professor of marketing education at Singapore Management University, Singaporeans were already in the process of transitioning to e-shopping for purchases before the pandemic hit. Others may follow.
H&M is integrating artificial intelligence (AI) into its marketing strategy by creating digital versions of real-life models. ” H&M told Business of Fashion that models will retain control over their digital likeness and can allow other brands, including competitors, to use them for marketing. .
The plan from the beginning was to make something that would synergise with the Aje Collective’s other businesses, and which complemented the health-focused lifestyle Norris saw in Aje’s target market. New opportunities While Ikkari is still young, it already has big plans. We’re very focused on telling that story.”
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. Businesses like Brava are championing change through inclusivity and representation for formerly marginalised individuals represented in the market.
The former Chipotle head said the company’s ‘Back to Starbucks’ plan includes staffing its stores, removing bottlenecks, simplifying the barista menu, and refining its approach to mobile ordering and payment. We are developing a plan to turn around our business, but it will take time.”
The FMCG subscription box market in Australia has shown strong growth over the past few years, driven by increasing consumer demand for convenience and personalisation, the continued rise of e-commerce, and sustainable practices. FMCG subscription box offers encompass a variety of sectors. What’s behind the growth?
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