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When you think about the types of businesses millennials and Gen Z consumers frequent, apparel or beauty brands may come to mind first, but what about home goods? Research shows that millennials make up an increasingly large part of the consumer base for home goods and furnishings, which includes products ranging from bedspreads to furniture.
Her most recent job was as SVP of Global Merchandising and Strategic Partnerships at The Children’s Place , where she was responsible for creating and delivering product strategies for all brands across multiple channels of distribution, as well as leading operations for the wholesale and international franchise businesses from 2014 to 2023.
Net shop closures across the UK stabilised in 2024 as openings across retail parks accelerated and the rate of closures across high streets and shopping centres slowed. Convenience and coffee shops were the primary drivers of store openings during the year, registering a net uplift of 171 and 105 respectively.
The company reports that its model — offering consumers an instant merchant credit at the time a return is initiated — helps retailers drive higher return-to-repurchase rates. Since it was founded in 2014, Returnly has processed more than $1 billion in returns and been used by 8 million shoppers.
Flora & Fauna (F&F) founder and CEO Julie Mathers has resigned from the eco-friendly online retail business she started in 2014 and sold to beauty and wellness business BWX less than a year ago. Mathers started Flora & Fauna in 2014 to help people make better choices for the planet. A model for purpose-driven leadership.
Flipkart plans to use the new funding to make investments across people, technology, supply chain and infrastructure to address the requirements of the rapidly growing consumer base in India. Myntra, which the group acquired in 2014, is among the leaders in the fashion category in India. Flipkart currently works with more than 1.6
The term rose to the surface last year as 2020’s unique confluence of events drove consumers toward shopping alternatives that were both environmentally friendly and economically feasible. The consumer is changing, the way that they purchase is going to change,” he said. “We In the retailX keynote session on Wednesday, Aug.
EP Athleisure Collection 01 is available to shop via the Ena Pelly website. Founded in 2014 in the South Melbourne Markets, Ena Pelly currently operates a direct-to-consumer website and 90 stockists around Australia, and is sold at David Jones and The Iconic.
“We have had over 35 retailers and brands participate since 2014, several returning year after year.”. The technology allows consumers to buy looks for use online without paying for a physical outfit, which reduces fashion waste once a trend has passed. Five New Technologies Driving Retail Personalization. Paris; and Tel Aviv.
In 2014, NFTs (non-fungible tokens) were introduced. And, some major publishing companies are closing shop on their NFT marketplaces. Reintroducing NFTs for Retail Selling digital products to consumers is not new. Consumers buy digital services from Netflix. As these digital assets became prevalent, so did fraud.
When Anchorage Capital Partners bought Brand Collective from its previous owner Pacific Brands in 2014, “it was an unloved, unprofitable, orphan company within a large public company”, he told Inside Retail.
What started in 2019 as a six-month pop-up shop that welcomed 3000 visitors on opening day has quickly turned into a full-blown retail operation with multiple bricks-and-mortar locations, a wide range of SKUs, and several intriguing collaborations. The company expects to open its fifth physical shop, in Los Angeles, in September.
In another sign that Black Friday, and to some extent the entire extended Thanksgiving weekend, has ceded its position as a truly peak shopping period, Black Friday 2021 was a mixed bag for retailers. People shopped at small businesses 36% more often than last year and spent 58% more overall, according to data from Klaviyo.
When the economy is growing, consumers flock to stores. On the other hand, when a recession is imminent, consumers and their wallets generally stay put and are more conservative. This situation has forced retailers worldwide to adapt to a slew of new consumer demands while juggling a precarious supply chain. Cyber threats.
Running off-platform strategies, such as paid social and paid search for certain retailers, largely negates the awareness benefits of the direct-to-consumer model. In the new retail landscape, brands can use these specific tactics to drive traffic to where consumers are already shopping.
As we fast approach Q4 2023, there is one topic at the forefront of every retailer’s mind: holiday shopping. And if Amazon Prime Day sales and back-to-school shopping trends are any indication ( hint : we know they are), then this year’s Cyber 5 is going to be one for the books.
In yet another sign that the COVID-generated ecommerce surge has subsided, the Salesforce Shopping Index reported flat ecommerce sales in the U.S. for Q1 2023 — the first period with no online sales growth since the Index debuted in 2014. So the questions retailers should be asking themselves are: How loyal are your customers?
Before COVID-19, the brick-and-mortar shopping differentiator for the consumer was the in-person experience: They could try on the goods, or just see them in context. But for the foreseeable future, shopping will be “ no contact.” Malls were ranked lowest, with only 33% of respondents saying they feel safe shopping there.
Armed with fresh knowledge of the beauty industry, he quit the role in 2014 and created his first business, a tiny design agency that created floral designs for corporate clients, specialising in events and gifts. So, in that case, Documents…is not a big consumer brand in China.
In 2014, German sportswear juggernaut Adidas approached the Brazilian company about a collaboration. But what is behind the US consumers love for this Brazilian brand? It opened a shop in Dubai at the prestigious Mall of the Emirates the following month. Over the past 10 years, the team has focused on growing in the US market.
When used in the right way, scents can drive consumer behavior and even serve as a secondary “logo” for a brand. By linking a unique scent to a brand, a strong bond is created with the consumer, thus becoming an extension of the brand’s identity. In fact, scent has a profound effect on our memory and emotions.
The world’s biggest shopping event happens in China each year — and it’s called Singles Day. Originally a holiday to celebrate being single, as a counter to Valentine’s Day, the event has grown into a weeks-long online shopping festival that peaks on November 11. How much do consumers spend? Cyber Monday?
The slowdown adds to challenges facing China’s e-commerce giant, which has enjoyed double-digit revenue growth almost every quarter since it went public in 2014, as it navigates Beijing’s crackdown on tech companies as well as its scrutiny of founder Jack Ma. per cent higher in early US trading. .” ” Revenue stood at US$30.43
Recent headlines about Meta ’s Instagram and Facebook doing away with shopping features on their platforms might appear to be a retreat in the social commerce wars. When looked at from this view, Meta’s decision to do away with certain shopping-specific functionalities on its platforms takes on a different hue.
billion that Woolworths Holdings paid for the business in 2014, though the sale to Anchorage does not include David Jones’ recently revamped Bourke Street flagship store, which is valued at around $250 million. In 2014, the firm bought a then-unprofitable Brand Collective from Pacific Brands. That is a fraction of the $2.1
Turning Customers into Brand Ambassadors (Source: Pandora) After more than 30 years operating in brick-and-mortar, Pandora began to debut online in markets around the world in 2014. Pandora, needless to say, is opposed to horrible consumer experiences. Pandora, needless to say, is opposed to horrible consumer experiences.
One industry expert pointed to South African-owned Woolworths Holdings acquisition of David Jones in 2014 for $2 billion, only to sell it for about $100 million to Anchorage Capital Partners in 2022. The question I would always have for a board is, what is the benefit to the consumer?
Founded in 2014, the brand says the new brick-and-mortar store acts as an “extension” of its online presence, giving customers an opportunity to shop retail exclusives in signature KTL styles coupled with regular events like late-night shopping and VIP product launches. Image source: Supplied.
While wearable tech developed by Google, Apple and others is still in development, sensors used in modern iPhones have already brought usable tech into consumers’ pockets. While online shopping for clothing is nothing new, the sheer number of brands, styles and influencers working in the ecosystem is larger than ever.
A turnaround program was set in motion in 2014, focused on cost-cutting and trendier merchandise that abandoned its logo-centric designs to a certain extent. Most visible, however, was the decision to discontinue its sexualised marketing as consumer preferences had clearly moved on. Repositioning to cater to older crowd.
With the industry facing increased pressure from consumers to become more sustainable, we take a look at some of the planet friendly steps retailers can take without having to break the bank. Founded in 2014, the company works with retailers, designers and their construction teams to design retail lighting environments.
The platform originated as a ‘private’ Facebook group in 2014 by Brooke Marks who was looking for a peer-to-peer marketplace to buy and sell her unwanted luxury designer items. The integration of AI technology is set to create consumer trust in an industry that has been hard to both regulate and scale. Enter the High End app.
As we enter an era when shoppers want quality products and ethical shopping experiences, retailers are navigating unfamiliar territory to meet expectations. Materials represent a powerful lever in the pursuit of retail sustainability, addressing both environmental issues and rising consumer demand.
We’ve had customers shopping while on vacation in another city, who continue to shop with that sales associate from afar after returning home. We pulse post-purchase surveys to our customers both online and in-store and conduct focus groups, shop-alongs, and customer intercepts to understand and stay close to our customers.
Brooklinen was a direct-to-consumer darling that promised consumers high-quality sheets at great prices. By eliminating supply chain complexities and “cutting out the middlemen,” Brooklinen was able to streamline the product development journey and fully immerse consumers in the ethos and values of the brand.
For Australian property group Mirvac, this isn’t just a strategic investment but also a partnership it hopes will help shape the future of its retail business through shopping centre activations. Stylists in Residence at Toombul Shopping Centre, QLD. Mirvac partnership taps into community connection. Image: Supplied.
The number of active users on Alibaba Group ’s ecommerce platforms topped 1 billion for the first time in fiscal year 2021, but this milestone was tainted by the company’s first quarterly operating loss since it went public in 2014 — a result of the historic antitrust penalty levied against the company earlier this year. billion yuan ($1.2
Consumers want more information about the products they buy, and retailers want more visibility into the products their customers buy. And in 2014, Inditex SA, which owns fast-fashion giant Zara, implemented RFID to effectively track all its products at every step in the process. Who doesn’t want that?
A decade after making its debut in Vietnam, Japanese retail giant Aeon is making a move into regional towns, armed with 10 years of data about local consumer behaviour and a renewed commitment to what is now its second-largest international market.
To be unique, you can’t get that at the mall, but young consumers are seeing the advantage of the contemporary vintage market as a place where you can find garments that express yourself, while being economical and environmentally conscious,” Graham Wetzbarger, founder and CEO of Luxury Appraisals and Authentication, told Inside Retail.
Documents listed by the Australian Securities and Investments Commission (ASIC) show Calia Australia, which operates the flagship restaurant and retail store in the city’s Emporium shopping complex and a spin-off restaurant at the Chadstone shopping centre, appointed voluntary administrators on June 28.
A group called Bleach stepped in and picked up their debt and ran the business until 2014. All the while, General Pants was Ksubi’s biggest account, so when the second iteration of the brand ultimately went into administration in 2014, General Pants took over running the brand. In 2008, they actually went into administration.
Consumers stuck at home have had the time to thin out their wardrobes and make room in the garage — along with strong financial incentives to turn their possessions into cash. With consumers seeking bargains from home, online secondhand is set to grow 69% between 2019 and 2021, while the broader retail sector is projected to shrink 15%.”.
After being significantly disrupted by COVID, an underlying transition that was already beginning to surface pre-pandemic is continuing: couples are marrying later , throwing smaller weddings and shopping for those weddings (including for the dress) online. In her opinion, convenience is where Azazie wins.
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