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That sense of unease is to be expected from a cohort shaped by both the 2008-2009 Great Recession and the COVID pandemic, and it’s had a big impact on their shopping choices: nearly half ( 48% ) say they shop the most often at discount/off-price retailers, and 25% frequently patronize dollar stores.
Spaseska started her career at Wesfarmers as a business development analyst in April 2008. Current Kmart CFO Aleksandra Spaseska will succeed Bailey as MD. She has been appointed as deputy MD of Kmart, effective today and assuming the MD role on April 1.
They’ve been shaped/scarred by not one but two global economic traumas — the Great Recession of 2008-2009 and the COVID pandemic — and they’ve grown up with social media playing an increasingly large (and loud) role in shaping culture, including how these consumers shop, research and purchase products and services. What are you listening to?
Grosvenor Britain & Ireland has announced that award-winning British luxury jewellery retailer, David M Robinson (DMR), is to open a new OMEGA boutique on South John Street at the heart of Liverpool ONE. John Robinson, Managing Director at David M Robinson, added: “Liverpool is our spiritual home and Liverpool ONE is our flagship store.
However, this latest expansion has kickstarted a new growth trajectory for the business, which started in 2008. And when you go to the Jersey Shore, it’s an all-day affair: you pack up at 7 a.m., This was the only bright spot at an otherwise dismal time. But we are looking at advertising in a positive light going forward.
The new 42,000 sq ft store is the latest example of brand investment in the destination, following a landmark year of signings that will make 2025 Liverpool ONEs biggest year for openings since it launched in 2008. A further 34 brands committed to the destination last year, covering a total of 200,000 sq ft.
This marked the first strike at Boeing since 2008. The strike followed the rejection of a proposed four-year agreement between Boeing and the International Association of Machinists (IAM) union.
In fact, Stephen Sadove, former CEO and Chairman of Saks Fifth Avenue , indicated that “this is one of the most interesting times [for the industry] since the [2008] recession,” where “we came out and saw this massive disruption in the environment,” he said in a press briefing during the Big Show. “It
. “As a result of this, we have made the difficult decision to reduce roles at head office and remove a number of positions no longer deemed vital within our business.” Founded in Melbourne in 2008, Aje now has stores across Australia and New Zealand and an e-commerce site for international orders.
It’s been in the market since 2008, and is well established. The post “Different journeys”: An inside look at Replay Jeans and Superdry appeared first on Inside Retail. Inside Retail: To start with, can you discuss how Superdry and Replay Jeans are going in the Australian market Alastair Davies: Absolutely. I’ll start with Superdry.
As a result, retailers need to rethink how they attract and retain customers by looking at data not just from recent months but also from the last time shoppers felt this much economic pressure — the Great Recession of 2008-2009. How do you engender loyalty with these customers?” said Krakovsky. Targeted marketing. Targeted email.
Witynski has held leadership positions at Dollar Tree since starting there in 2010 and was named CEO in 2020. Dreiling had served as CEO of rival retailer Dollar General from 2008 to 2015. The opportunity to work with the talented and dedicated team at Dollar Tree has been the most rewarding of my career,” said Witynski in a statement.
Australian fashion brand Aje has made its first “off-schedule appearance” at the New York Fashion Week. At an immersive show at Roll & Hill in Manhattan, the brand featured curated pieces from its Spring Summer 23 ‘Lumen’ collection teaming up with NY-based creative agency Replica.
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.
However, at this time the board has determined that a change in leadership is necessary to restore stability and confidence in the company moving forward.” He joined Dollar General in 2008 as EVP, Division President and Chief Merchandising Officer, and was promoted to COO in 2013. The retailer has had a volatile year.
Driza-Bone, acquired by Propel Group in 2008, was merged with country apparel retailer RB Sellars in 2017. The Driza-Bone items will continue to be available at RB Sellars locations across the country. The deal, whose value has not been disclosed, marks Rinehart’s foray into fashion retail.
Since 2008, the national carrier had held a stake in the travel agency when it was spun off as a merger of Qantas Holidays and Jetset Travel. Qantas subsidiary QH Tours sold the shares at $1.71 Qantas has sold its remaining 12.4 per cent stake in travel agency Helloworld for $33 million. each on Tuesday night.
Zara has expanded its flagship store at Liverpool ONE, increasing its size to 42,000 sq ft across two floors on upper and lower South John Street. The launch marks a key milestone in Liverpool ONEs record-breaking 2025, a year set to be its biggest for openings since its inception in 2008.
After a hugely successful launch in the North-East, with the opening of stores in Newcastle’s Eldon square and Gateshead Metrocentre, Sephora UK is continuing to fuel their northern expansion with the announcement of its next store opening at Grosvenor’s leading city-centre retail and entertainment destination, Liverpool ONE.
Many young workers train themselves in job-related technical education and short courses, often at their own expense and prior to starting work. The authors did note, however, that New Zealand’s economic downturn post-2008 had a marked effect on the employment of young workers more generally. What’s fair?
Forever 21 first entered China in 2008 but left the country a year later. Cross-border commerce in general can be a tricky challenge to tackle, so check out Retail TouchPoints ’ 3 Cross-Border Ecommerce Pitfalls and How to Avoid Them webinar on June 22 at 2 p.m. ET to learn more about how to navigate this space.
We are prioritising growth in key markets such as Singapore and Thailand within Southeast Asia by expanding our physical presence and enhancing our digital touchpoints, Christophe Archaimbault, CEO at Moleskine, told Inside Retail. According to the CEO, a seamless omnichannel experience is at the core of Moleskines retail strategy.
The ACCC will examine competition in the supermarket sector and how it has evolved since the previous inquiry in 2008. “When it comes to fresh produce, we understand that many farmers are concerned about the weak correlation between the price they receive for their produce and the price consumers pay at the checkout.”
Boyle also has served in multiple leadership roles at other retailers, with an emphasis on driving digital growth. He was the first executive hired at HauteLook in 2008 and joined Nordstrom ’s leadership following that company’s acquisition in 2011.
Demsey had been with Estée Lauder for 31 years, overseeing brands such as MAC Cosmetics and Clinique, and he has held the Group President title since 2008. Furthermore, over the past two years, we have worked together as an organization to advance our approach to racial equity and have taken a hard look at where we can and should do better.
Australian fashion label, Aje, has launched an Aje Athletica flagship store at Westfield Sydney City, with six more standalone locations scheduled to open across the country early next year. . Launched last May, Aje Athletica is an activewear spinoff brand designed to support physical performance and personal well-being.
Craft beer brand Stone & Wood has opened a branded bar at Sydney Airports T3 Qantas Terminal, in collaboration with SSP. This is Stone & Wood’s first branded bar at a major airport, and it serves core beers, including the renowned Pacific Ale, as well as an array of seasonal offerings.
In 2008, the British company brought its innovation team in-house to remain at the forefront of the highly competitive industry. To ensure full control from concept to the finished product, our own research and development laboratory in Cambridge, England, was established in 2008. We never compromise.
He brings more than 40 years of retail experience to the position, most recently as President and CEO of Burlington Stores , where he served from 2008 to 2019. He also has held leadership and board roles at The May Department Stores Company.
Hand was most recently COO of Burlington Stores , which he first joined in 2008 as EVP Stores and Operations. Prior to that Hand served as SVP, Group Director of Stores for Macy’s.
Five years after founding the masstige beauty brand MCoBeauty, Sullivan last week sold her remaining 50 per cent stake in the business to DBG Healths Dennis Bastas, at a $1 billion valuation. I think MCoBeauty came at the right time it was Covid. She sold the first 50 per cent to Bastas in 2022.
Waters, who joined L Brands in 2008 as head of its international division, had been named CEO of Victoria’s Secret Lingerie in November 2020. The company is projecting a 10% comp store sales increase for the quarter, consisting of a 22% increase at Bath & Body Works and a 3% decrease at Victoria’s Secret.
Prior to Burberry, Gobbetti was chief executive of Moschino and Givenchy before holding executive positions at French brand Celine in 2008. Gobbetti became CEO and joined Burberry’s board in 2017, succeeding Christopher Bailey who left the group the following year.
Grosvenor Britain & Ireland has announced that global fashion retailer, New Look, has relocated from its temporary store on Upper South John Street to a new 20,000 sq ft flagship retail space at 19 South John Street, renewing the brand’s long-standing commitment to Liverpool ONE.
For all customers, it will be critical to double down on personalisation, leveraging technology to achieve it at scale. Meanwhile, Europe will also maintain a sizable share of the global luxury market, at around 25 per cent, although this will likely decline over the coming years, Coresight theorised. billion market in 2023.
Hufnagel has an established career in retail, holding roles at brands like Under Armour , Gap and Abercombie & Fitch as well as deep roots within the Wolverine Worldwide business specifically. He joined the company in 2008 and has held leadership positions across different divisions.
“We design with the intention of making every day feel as exceptional as the start of a long weekend, and we’re so proud to now bring that vibe to the entire outfit, head-to-toe, with our friends at Zappos,” said Carey Collins Krug, SVP and Head of Marketing at Abercrombie & Fitch in a statement.
Enotria&Coe has grown consistently across all supply channels during the past two decades, buying Wheeler Cellars in 2008, Great Western Wine now trading from its Bath shop as The Great Wine Co in 2010, and Coe Vintners in 2015.
The last time there were three consecutive quarters of declining retail volume sales was in 2008 – at the time of the Global Financial Crisis. Retailers are seeing less demand at a time where wages, rents, insurance, utilities, supply chain and materials are all increasing in cost,” said Zahra. per cent year on year.
But at the end of the day, its the people who buy the product, right? You look at businesses right now that are performing well, the culture is as critical as the experience, the product, and the community. Today, [the retail industry] is married to technology, from data to AI advancements to supply chain.
Carolyn DAngelo, Senior Managing Director of Brand Operations at Gordon Brothers and former President of Laura Ashley, said that Gordon Brothers brand management unit flies a bit under the radar, and the company is okay with that. They did very little, if any, licensing at all. But it took some work to get the brand there.
The bricks-and-mortar [arm] definitely benefits from having a strong online presence, and I think the online presence benefits from a strong bricks-and-mortar presence, so [we would be] looking at opening more stores.” That was a really tough period,” Salakas said. You just have to have the grit to get through it.”
According to Mirakl’s Enterprise Marketplace Index (“the Index”), while traditional ecommerce sites have experienced sharp growth, online marketplaces have grown at double the ecommerce rate: more than 80% year over year in the fourth quarter of 2020. So what’s driving this growth imbalance?
sales declining at an even higher rate, 10.5% , according to the latest forecasts from eMarketer. After the 2008-2009 financial crisis, it took the majority of affected markets approximately one year for retail sales to return to pre-crisis levels. trillion , 12% higher than its revised estimate of $23.36
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