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Retail Consultant | Published author | Visiting lecturer Hyper-local strategies have been increasingly applied by luxury brands to connect with specific communities through limited-time pop-up stores. Luxury brand strategies can be enhanced by incorporating several factors: 1. Ghalia BOUSTANI.
The Reject Shop says its new merchandise strategy is showing positive results. FY24 is the first full year the strategy has been “meaningfully” deployed and the discount retailer achieved annual comp-store sales growth of 2.7 per cent and overall sales growth of 4.2 During the second half, comparable store sales rose 3.3
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. If you’re a small retailer, this likely isn’t going to be the strategy for you. EDLP not for you?
Let’s dive into the shifts expected to alter shopping for this year’s holiday season and explore additional winning strategies for retailers. The post Future-proof your retail strategy for the holiday season and beyond appeared first on Inside Retail Australia.
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.
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. Our positive sales and customer trends suggest the strategy is resonating well with both our existing and new customers,” she added.
At first, this strategy appeared super promising. The strategy of courting only the ultra-luxury segment proved limiting, as Burberrys core audience those who valued the brands British heritage and iconic outerwear, began to feel alienated and left out of their equation. But cracks soon appeared.
Here are three key strategies Adidas is using to keep its stock in check. The post Three key inventory strategies Adidas uses to stay ahead appeared first on Inside Retail Australia. We use it across multiple regions, like greater China, and emerging markets in Latin America.
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.
Discover the game-changing potential of composable commerce—a flexible, modern approach to e-commerce—and explore the strategies and technologies transforming the B2B landscape. B2B distributors and wholesalers: this webinar is for you!
We’ve been studying retailer strategies and sentiment towards pre-Christmas mega sales – Black Friday, Cyber Monday, Singles Day etc. Well, strategy matters. It’s an opportunity to assess the value of these sales events for your brand, and develop strategies to maximise their benefits while avoiding some of the risks.
Adore Beautys earnings more than doubled in the fiscal first half, which management says reflects the early phase of the companys growth strategy. The companys earnings before interest and taxes (EBIT) for the six months ended December 31 jumped 118 per cent to $2.7
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.
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. But it’s not all about size, Premier’s Apparel Brands’ omnichannel strategy and customer connection align with Myer’s approach to loyalty.
The guide explores how to: Create seamless customer experiences between channels, products, and markets Tailor business models to support multi-brand strategies Choose the best composable services for your business Reduce costs while boosting customer and team satisfaction Transition to composability with actionable strategies Download the guide and (..)
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.
Among smaller businesses surveyed (with under $1 million annual marketing budget), 85 per cent see email marketing strategies as the most important digital marketing strategy, while for companies with larger marketing spend, both search engine optimisation and email marketing were rated highest at 76 per cent.
We are advocates of simpler leaner business, as sometimes the essence of strategy is choosing what not to do, and we would welcome any strategy that simplifies the business that brings a greater focus on the core,” added David.
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?
Authored by Orium, The Pragmatic Guide to Composability takes readers on a journey from composable’s beginnings to common misconceptions about the approach, then concludes with strategies for choosing implementations that result in quick wins to grow your ROI.
“Our ecosystem strategy was too ambitious, and we took our eye off the ball on product. billion, which the company attributes to a misdirected category strategy, poor execution, and an inconsistent customer offering. The Warehouse Group has booked a post-tax loss of $54.2 million after sales fell 6.2 per cent to $3 billion.
The strategy is for franchisees to break even without having to do 2000 covers on a weekend and school holidays,” he says. Hog’s Breath growth strategy “The fact we are here shows the real power of the name in the market. The overarching strategy is to reposition the brand by going back to its core principles.
IR: How does Mattel plan to tailor its retail strategy to the diverse markets within Asia Pacific? IR: How is Mattel leveraging its manufacturing presence in Asia Pacific to enhance its retail strategy in the region? This continues to build a community who is passionate about our brands and can help to drive our retail strategy.
” Also central to the strategy, Mosaic Brands will continue to focus on serving regional Australia, the CEO added. Mosaic Brands said it will provide further information on its operational restructure and Focus on Core strategy in the coming weeks.
Explore how advanced search, content management, and payments integrations can give business users on Salesforce B2C Commerce greater control and agility, accelerate your digital roadmap, improve your site speed, and enhance your customer experiences.
These partnerships are part of our global strategy to evolve the perception of Pandora as a brand known for charms and bracelets into a full jewellery brand. IR: What is the strategy behind being AFW’s first presenting and jewellery partner? IR : In your words, can you describe Pandora’s ‘Phoenix’ growth strategy?
“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.
We are also refining our value proposition and improving our pricing strategy to position existing and new stores for sustainable success.” The company added that a comprehensive strategy review is underway to improve performance in key focus areas, including Japan and France.
Inventor versus corporation Dreamfarm has now brought over 60 products to market each designed to transform consumers’ experience in their kitchen but it was after product four that Gransbury changed his patent strategy. I was spending so much money on patents, I thought What am I doing?
Speaker: Shaunna Bruton - Associate Director of Product Strategy at Orium | Sam Panzer - Director of Industry Strategy at Talon.One | Frank Passantino - Director of Product Management at Bloomreach
Data from McKinsey shows that companies that excel in personalization increase their revenue by 40%, but despite these numbers, retailers struggle to implement customer personalization strategies. So what are the potential solutions?
Aesop will return to David Jones next month as part of the department store chain’s strategy to boost its luxury beauty offerings. Aesop’s full product range of skincare, body care, fragrance and home essentials will be available on David Jones’s website starting August.
This landmark achievement has been made possible by an ambitious leasing strategy set out by asset managers Pradera Lateral. Health and Beauty category continues to thrive and a key linchpin of the leasing strategy is an investment in the beauty category. Trafford Centre is proud to consider itself to be the beauty hub of the North.
Unlike traditional franchising or direct management models, Cotti Coffee has adopted an innovative partnership approach,” Yingbo Li, chief strategy officer at Cotti Coffee, told Inside Retail. In January, we unveiled our human-robot collaboration strategy, which involves scaling up the use of commercial robots in stores worldwide.
Antonius said “I’m honoured to have the opportunity to lead Chatime into the next phase of growth, and I look forward to executing our growth strategy and collaborating with the board, our leadership team, and our partners to realise our brand’s full potential.” Chatime will identify new markets and develop go-to-market strategies. “We
Eyewear retailer 1001 Optometry is refurbishing 25 to 30 stores located in shopping centres, implementing the brand’s “Details are Beautiful” strategy.
The CEO also said the company will continue to focus on serving regional Australia, as part of its strategy. Their closure is part of what Mosaic Brands CEO Erica Berchtold calls a ‘Focus on Core’ plan. The post Mosaic Brands expected to enter administration appeared first on Inside Retail Australia.
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.
The saying goes, “Any publicity is good publicity,” but more importantly what is the strategy driving such an investment? The strategy was vastly different from its polished Instagram marketing, targeted at an older Gen Y and Z audience.
Many brands face hurdles—underdeveloped data strategies, limited AI-ready infrastructure, or lack of seamless integration across systems. Generative AI is reshaping retail, but achieving true AI success isn’t simple. As you explore how AI can boost efficiency and transform customer experiences, understanding your business’s readiness is key.
“Our brand has an omnichannel strategy where we aim to meet fans of the brand where they want to be, whether that’s in-store or online. It’s all about accessibility and brand experience.” ” The post US Polo Assn makes its Australian debut appeared first on Inside Retail Australia.
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. Armed with this knowledge, you can tailor marketing and retention strategies to the unique needs of each segment, ensuring communications feel relevant and personalised.
For traditional retailers, competing with companies that prioritise growth and data over immediate profitability can be incredibly challenging, as it requires a shift in mindset, strategy and operations. The traditional retail model, with its seasonal cycles and in-store focus, is quickly becoming outdated.
Hoey says that if a brand wants to become more mature in its digital strategy, the more first-party data it can collect around an individual, the better it can target its communications. That’s where we are seeing more growth in first-party data strategies, where marketers are looking at how they can replace cookies.
The Get MACH Ready report, co-authored by MACH Alliance member Scott Canney in collaboration with Orium, commercetools, and Contentstack, will provide you with strategies to prepare your organization for a digital transformation.
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