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Discount variety retailer The Reject Shop plans to open more stores this year to support sales growth and increase profitability. The store openings are part of the strategies to improve sales and gross profit margin in FY25, said CEO Clinton Cahn. In a trading update, the company said it is targeting to open 15-20 new stores in FY25.
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.
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.
Australian athleisure brand LSKD has appointed its first chief retail officer, the former director of retail for Lululemon ANZ Alex Shaughnessy, as part of its strategy to become a world-class retailer. Part of this expansion strategy is to give LSKD customers the ability to shop directly with the brand. “We
Aussie discount retailer Silly Solly is on a growth trajectory, with plans to expand as a franchise, after shifting from a licensing model. Expansion through conversion Silly Solly’s is looking for conversions in its growth strategy and is targeting other discount stores whose owners want to be part of a bigger buying arrangement.
Also on Thursday, Walmart announced plans to open 28 new health centres in Texas, Arizona and Missouri, bringing the national total to more than 75 locations. Amazon’s push into healthcare some five years ago has yet to disrupt longstanding industry practices or reap windfalls from its virtual pharmacy and other programs.
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
Online businesses will live or die depending on their SEO strategy as the ruthless toll of the cost of living crisis means almost a third of businesses went to the wall, reveals the latest government statistics. A good SEO strategy should get you to the top without blowing all your marketing budget. It’s a faff but a necessary one.
Coco Republic is to launch two flagship stores in California ahead of a progressive rollout in selected US markets and other global locations, the company has announced. Underpinning the strategy is Coco Republic’s acquisition of the assets and intellectual property of California home furniture retailer HD Buttercup in October last year.
“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.
The currents of change can feel swift and frightening as we stumble from the pandemic to changing ways of working and other global crises. By using future-focused insights, retailing marketers can evolve their strategies to stay abreast of change. Knowledge alone isn’t enough; future preparedness is predicated on strategic plans.
Daly advocates creating a loyalty program to reward top customers and keep them coming back and progressively localising your website and marketing engagement strategy to connect with the local target audience. The post Planning to sell online in the US?
“There is nothing in the Brisbane store design that has similarity to any other place. The post Brisbane Airport extends duty-free contract with Lotte, plans unique concept appeared first on Inside Retail Australia. It will be a bespoke design, capturing the flavour of Brisbane.”
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. Innovation is a big part of our range. “Our
LSKD founder and CEO Jason Daniel said that the brand spends a lot of the year planning and preparing for peak period. We’re seeing more resilience from brands with every-day and low-price strategies. Think about Kmart, Aldi and other brands who are known for being quite reliable with their low prices,” he said.
“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. We are developing a plan to turn around our business, but it will take time.”
The gelato chain has another six stores in the pipeline to open across the country in 2024, and plans to maintain this trajectory for the next five years. Gelatissimo’s strategic growth plan includes expanding into Perth and regional Australia, as well as other cities and coastal towns.
Other brands, such as beauty company Glow Recipe and accessories and apparel brand Brandon Blackwood, are donating their products to provide comfort and care to those in need. In the absence of such a plan, Paquin cautioned, retailers should start with an honest evaluation of their businesss relevance to the matter.
Last month, the fashion retailer said it would wind down five of its brands to focus on its other five businesses as it struggles to remain afloat due to operational issues. Their closure is part of what Mosaic Brands CEO Erica Berchtold calls a ‘Focus on Core’ plan.
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 includes having clear processes in place, understanding legal frameworks, employment and tax regulations, and other logistical considerations. Want more insights?
During the second quarter of this year, while performance in other regions remained bleak, Mattel’s international revenue grew thanks to a 6 per cent increase in Asia Pacific sales, reaching US$88 million. Inside Retail: Can you elaborate on Mattel’s plans to expand its retail presence in Asia Pacific?
“The big supermarket brands want you to spend more time in store, we want you to spend more time at home doing the things you love and we’ll deliver the groceries to your door,” said Dhruv Kohli, VP of growth and strategy at Geezy Go. The brand said it plans to expand to 200 locations globally by the end of this year.
GP: While I dont envision the Potts Point space becoming a permanent store; the residency concept is something were considering expanding to other cities in the future, both domestically and internationally, as the brand grows. Weve really enjoyed the process and think theres potential for this model to work in other cities.
The reported closure of Microsoft’s brick-and-mortar stores managed by authorised retail partners in China has raised questions about the tech giant’s strategy in the world’s second-largest economy and whether the move is counterintuitive when the market’s consumer electronics sector has seen a sign of recovery. In 2022, 57.8
But once the dust settles, the real work begins: analysing the data generated during this period to inform strategies that can drive growth for the year ahead. Certain products may have exceeded expectations, while others underperformed. Did certain channels, such as email marketing or social media, outperform others?
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. In his view, successful brands are those that answer the customer’s question, or in other words, meet the customer’s demand. “If
TK Maxx Australia spokesperson Tony Dunseath said he is “delighted” with the expansion and added: “We can’t wait to meet our Perth customers – both those who are familiar with TK Maxx from other parts of Australia or overseas, as well as those who are new to our unique shopping experience of big brands at small prices.”
Working with retailers across Australia and New Zealand, Quantiful CEO Jamie Cormack has identified poor planning outcomes as one of the significant causes forcing retailers to contract and even close stores today. The innovation is a demand planning tool that delivers accurate forecasts and illustrates what is driving demand.”
We have plans to roll out these features and customer experiences in different Asian countries.” It’s not just an Asian phenomenon; it’s scaling up and spreading to other markets. The influence of Korea on other Asian markets is particularly significant.” “We have ambitious plans for Asia.
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.
The outcome of its strategy will determine whether it can outmanoeuvre a US$47 billion Canadian takeover bid. Seven & I plans to split off its supermarket operation and some 30 other “non-core” units into a holding company, York Holdings. convenience store operations. per cent last year. .
Platypus has already launched nine new locations this year, with plans to establish an additional 30 by the end of June. Then other flagship stores will be refitted to sit within this model, such as Pacific Fair.” Sneaker retailer Platypus has opened its 200th store, marking a “significant” milestone in the company’s history.
Takuya Saito, managing director of Muji Australia, spoke to Inside Retail about the company’s plans to grow its bricks-and-mortar presence in Australia and the strategy behind it. We now have four stores across Sydney and Melbourne, and by the end of the year we plan to have six. IR: What is the timeline for this?
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?
Rather than investing in and delivering on their brand promise, they focus on other, often supplementary, marketing strategies such as launching engaging campaigns, brands may believe they can substitute competence with warmth. There are countless examples of brands leveraging their success stories through various PR strategies.
With tightening budgets looming, best-practice retailers will plan to make every dollar count and double down on generating growth from their existing shopper base through increased retention and loyalty. To give you a glimpse of what you can expect from this year’s report, we are sharing selected articles over the coming weeks.
Australian retail businesses have been warned they are missing out on sales by reacting too slowly to customer trends – and that poor retail demand planning is resulting in unnecessarily high levels of capital tied up unproductively in unsold inventory in warehouses and stores. How AI can manage 15.6 We need to be honest about what AI is.
“Reebok sort of stagnated in the late ’90s,” Joe Foster, Reebok’s founder, previously told Inside Retail , but clever collaborations and an irreverent business strategy are priming Reebok for its best performance yet. Tapping into sub-cultures is how Reebok plans to avoid returning to its “stagnated” 90’s state.
Growing consumer expectations of free delivery and free returns are placing pressure on retailers who on one hand recognise customer demand, but on the other are trying to reduce their operating costs. Retailers faced with rising delivery costs driven by shippers can implement several strategies to mitigate the problem, said Pope.
The company also incurred costs ahead of new store openings in New Zealand, where a second store is on track to open within the next five months, with 10 planned longer term. “Baby Bunting’s strategy is to grow market share and we grew total sales by 6.6 per cent. .”
The deals were all impressive in scale with a common factor: a clear succession plan that allowed the company to react quickly when a sale opportunity came along. Despite the obvious soundness of succession planning, there remains a deep disinclination to create such plans among many middle-market business leaders.
The food emporium has earned a reputation for its hospitality-first approach in the grocery sector and its strategy for the holiday season will follow the same playbook. Inside Retail : How has LaManna differentiated its holiday season offering from other supermarkets?
Luxury fashion retailer Harrolds is planning to relocate its stores in Sydney and Melbourne as part of the company’s ongoing transformation. The Sydney store will be moved to Westfield’s new development on Market Street, joining a lineup of other luxury brands.
Forrester finds Shopify strongest for current offering and future strategy Last month, research and advisory firm, Forrester, released its Forrester Wave: Commerce Solutions for B2C for Q2 2024 naming Shopify the strongest platform in terms of current offering and future strategy. per cent of a brand’s GMV or $3.6
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