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Recalibrating social media Retailers might not be seeing a return on investment from Meta and Google because theyve let ads become their entire marketing strategy instead of what they should be an accelerator, according to co-founder of digital agency Ecom Nation Mal Chia.
In todays competitive retail landscape, customer insights play a crucial role in shaping business strategies and enhancing the overall shopping experience. IR : How do you collaborate with other departments, like product development or marketing, to ensure customer insights are acted upon? You can download the full report here.
As retailers gear up for peak season, many are fine-tuning sales strategies as shoppers’ spending capacity and preferences change. At a sub-category level, there are even bigger movers, which present opportunities for some retailers and heightened competition for others. Here are just some of the trends.
“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. The post Can the ‘Back to Starbucks’ strategy reverse the company’s fortunes?
The Personalization Playbook is packed with research and insights from Orium, Talon.One, and Bloomreach and gives IT leaders answers to these tough questions, helping them shape 2024 strategies for personalization.
We recently spoke with CEO Craig King about his strategies for navigating economic challenges, the role of physical stores and tips for driving international growth in 2025. How did the macroeconomic environment affect Ksubi in 2024, and what strategies did you deploy in response? Rarely do they tick both boxes.
Better demand forecasting with AI Using AI algorithms to analyse historical sales data, seasonal trends and other market factors can help retailers predict future demand with higher accuracy. Another strategy with AI is dynamic pricing. This helps manage consumer expectations as well as enhance profitability on limited stock.
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. As long as retailers approach the situation with genuine concern, empathy and a heart for helping others, there’s really no bad move here.
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.
Faced with the digital age and the demands of omnichannel shopping, some retailers are thriving while others are struggling to adapt. Let's set the record straight: in-store retail isn't dead - it's evolving!
Mecca’s chief of new concepts Maria Tsaousis spoke to Inside Retail about what the business looks for during the recruitment process and what it means for Mecca’s retail strategy. We look for team members with a passion for beauty, but more importantly, a passion for helping others and a willingness to learn.
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.
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.” Localisation Localisation is a crucial strategy for Western brands aiming to succeed in diverse Asian markets.
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.
Our merchandise process also ensures we conduct thorough checks during the product ranging and development process, to ensure we are not infringing the rights of others. However, Amazons seller guidelines have encouraged Dreamfarm and other innovation-first brands to start patenting their products once again.
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. Going all-in on EDLP In its purest form, prices don’t fluctuate within an EDLP strategy. But that doesn’t mean clearances and other disruption tactics are out of the question. EDLP not for you?
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. The CEO also said the company will continue to focus on serving regional Australia, as part of its strategy.
Under Wirth, Myer has hopefully redefined its strategy, streamlining operations for a balanced omnichannel approach,” Nick Gray, the founder of I Got You Consultancy, told Inside Retail. In his view, successful brands are those that answer the customer’s question, or in other words, meet the customer’s demand. “If
We work hard to keep our overall costs of doing business low so we can maintain our price advantage versus other retailers,” said Eshuys. 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.
The store openings are part of the strategies to improve sales and gross profit margin in FY25, said CEO Clinton Cahn. The company is investing in other initiatives across the business, including in supply chain, technology, infrastructure and warehouse management, he added. million in cash and no drawn debt as of June 30.
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. It generated about $150 million in revenue in 2021 and has become one of the most popular home goods brands in the direct-to-consumer (DTC) and physical retail space.
Part of the brand’s growth strategy involves tapping into the ‘little treat’ culture at a time when cost-of-living pressures remain high. It’s the perception of the customer that they’re getting a $40 candle that in other stores is $70 or $80 bucks,” he said. We’re a mid-market Aussie retailer. “We’re
Woolworths organisational restructure and consolidation of its retail divisions could in fact hint towards a more nuanced strategy at play. Private-label products are a core pillar of any grocery retailer’s strategy, in particular in times where value is heightened for the shopper, explained Sperti.
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. These sessions revealed an optimistic vision of the resilience of retail as an asset class.
But according to one industry expert, the current UWU strike should not be viewed as an isolated incident separate from Woolworths’ other headline-making actions and allegations this year. “The When it comes to “The Big Two”, consumer sentiment remains low.
I partner very closely with our supply chain, IT format and renewal and e-commerce colleagues to ensure that our strategy comes together in a way that makes things better for our team and better for our customer. IR : What are some of the top strategies you employ to keep a team motivated in order to deliver outcomes and drive results?
Its brands include Fiskars, Georg Jensen, Gerber, Iittala, Royal Copenhagen, Moomin by Arabia, Waterford and Wedgwood, among others. What’s the retail strategy in Australia? We have a very clear channel strategy by brand. And when we bought Georg Jensen, we were attracted to it because it just amplifies our own strategy.
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?
Locally, we are observing several key indicators that suggest Amazon is just getting started in our market, and it will exert greater dominance in the years to come, increasing its size, scale and dominance, as we have seen in other markets. million subscribers in Australia.
In February, the business announced it had experienced 225 per cent year-on-year sales growth, primarily driven by its strategy in the US market. Now, his fashion brands operations are based in Sydney and its atelier is based in Dalian. What makes [the brand] special is it really doesn’t look like anything else, stated Good.
It has also faced competition from other mall players like Zara, Uniqlo, and others. Others, like CI&Ts director of retail strategy Melissa Minkow, are a bit more optimistic about Forever 21s future. There needs to be a consistent pricing for quality strategy that warrants the spend, she said.
Over the last year to seven years, however, these brands have launched impressive comeback strategies, bringing them back onto consumers radars. Since Dicksons debut at the company, however, Gap brands have adopted more focused and intentional strategies for assortment, discounting and pricing.
Nick Gray, retail and brand specialist and founder of I Got You Consultancy called Sullivan’s journey with MCoBeauty a masterclass in brand positioning, disruptive strategy, and knowing exactly what problem the brand solves. So it was all about timing. he told Inside Retail. Im now ready to go on and do something else with my life.
“While Australians continue to face cost-of-living pressures, particularly in a high-interest rate environment, we’ve seen that they’re still willing to spend, particularly on others during key gifting moments like Black Friday,” James Holloman, David Jones’ chief marketing officer, told Inside Retail.
Inside Retail : How does Apac factor into Golden Gooses scalable growth strategy? Our development strategy focuses on establishing a strong retail presence in key markets, with Australia offering a compelling opportunity within Apac. billion luxury footwear market and its plans for Australia.
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. Chengdu, on the other hand, was selected as the location for our first China flagship in lieu of the city’s growing influence in local fashion, design and culture.
Running from January 12-14, the conference drew 40,000 global retail executives and other industry professionals, including suppliers and media, all clamoring to discover the hot topics in the world of shopping and consumers. He concluded that retailers need to remember, theyre in the retail therapy business.
Bianca Richards: Undoubtedly it would be the unwavering passion to progressively roll out our retail strategy for stores over the last 2.5 Culture is every person in the business requiring a daily commitment to lean in and show up for ourselves and others; it’s to step outside our minds and see the bigger picture of the team.
In late December, the company announced that the Nordstrom family, including Erik, Pete, and Jamie Nordstrom, among others, and Mexican retail group El Puerto de Liverpool would acquire all the outstanding common shares for US$6.25
What role does the local market play in Foot Locker’s strategy for the Asia Pacific region, and how do you see this concept resonating with Australian consumers? The same level of passion is seen in many other parts of Australia and New Zealand. NE: Foot Locker is the leader and originator of sneaker culture.
After establishing itself as a successful social media and e-commerce-led brand, Australian homewares brand Hommey quickly diversified its strategy and expanded into physical retail. How do bricks-and-mortar stores fit into your hybrid retail strategy? We’re now building this collaborative approach into our new store strategy.
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. .
Glassons joins other brands at Harbour Town including Swarovski, Lacoste, Nike Unite, The Cosmetics Company Store, Kate Spade, Oroton, Coach, Guess, Boss, TK Maxx, Under Armour, Tommy Hilfiger, Calvin Klein, Polo Ralph Lauren, Adidas, Peter Alexander, Witchery, RM Williams, Seed, and Lorna Jane.
Strengthening presence in Greater China Greater China is key to our Asia Pacific business strategy as it is our number one region, the executive said. Key feedback highlights the appeal of dynamic visual storytelling, which enhances customer engagement and the effective zoning of products, making the shopping experience even more seamless.
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