This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Online B2B wholesale marketplace Faire has closed a $400 million Series G funding round, its third in the last year. The new capital will be used to continue to hire top talent, build new tools to equip its customers, grow Faire’s supply of global brands and introduce the platform into new markets.
When Edward and Judy Kwon founded Calpak 35 years ago, they modernized the luggage and travel goods sector by investing in innovative design and marketing. But as many brands have learned, the major growth unlock for Calpak’s next phase was physical retail — especially given the highly visual and tactile nature of its category. “If
BJ’s Wholesale Club has appointed Bob Eddy as the company’s new President and CEO. From 2013 to 2017, he also chaired the Financial Executives Council of the National Retail Federation. Baldwin, Executive Chairman of BJ’s Wholesale Club in a statement. Eddy also will join BJ’s Board of Directors.
Australian luxury fashion brand Leo Lin has been part of the fashion landscape for seven years, launching in 2017, but only since building its e-commerce store in 2021 has it really taken off. 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.
B2B wholesale marketplace Faire is expanding into Europe with launches in the UK and the Netherlands, with plans to add additional European markets in the coming months. Created by four former Square employees in 2017, Faire was recently valued at $2.5 billion after its latest $170 million Series E funding round.
Alibaba Group has reorganized its consumer and wholesale commerce divisions and named current Deputy CFO Toby Xu to succeed Maggie Wu as CFO in April 2022. The markets will always have ups and downs, but Alibaba has ambitious long-term goals. From 2014 to 2017, she was Alibaba’s Chief Customer Officer.
Meanwhile, the brothers slowly but surely expanded their pharmacy footprint from two stores to 35, a chain that would eventually be rebranded as MyChemist, while scaling their wholesale distribution business. Now, Chemist Warehouse has stores internationally across New Zealand, Ireland, China and most recently Dubai.
The mass store closures prompted by COVID-19 in spring 2020 could have spelled disaster for equestrian specialty brand Kerrits , which had operated as a wholesale-only business for over 25 years. Once the pandemic hit, our wholesalers had to close their stores, and we had to rethink our entire email plan,” said Florin.
Frisk, who has been with the company since 2017 and at the helm since 2020, will stay on as an advisor through Sept. The last five years have been a turbulent period for the sportswear brand, which saw business begin to slide in 2017 following years of record growth. 1, 2022 to help with the leadership transition.
A $68 T-shirt might seem like a tough sell, but eight years on, Molnar’s brand Goodlife C l othing has a host of top-tier wholesale partners, a booming DTC business and, most importantly, a cult following of customers that keep coming back. Product that Delivers on its Promise. Do their customers really keep coming back?
The Flipkart Group includes ecommerce marketplace Flipkart , digital fashion destination Myantra , Flipkart Wholesale , online travel company Cleartrip and a majority stake in the payments app PhonePe. The new funding is a major vote of confidence in the potential of digital commerce in India, still a relatively nascent market.
BJ’s Wholesale made the most dramatic moves up the rankings over the last three years, climbing from 27th place to 10th place in 2022. In fact, club stores are gaining momentum across the board, with three of the top 10 spots now occupied by these retailers: Costco (#2), Sam’s Club (#5) and BJ’s Wholesale (#10).
Before joining Under Armour in 2020 as SVP of Americas Wholesale, Baxter served as President and CEO of LIDS Sports Group from 2016 to 2019. “With deep market knowledge and outstanding expertise we look forward to their proven leadership qualities helping to architect our next growth chapter.”.
The company has been profitable since 2017. Launched in 2016 as a DTC business, Vuori has since expanded to brick-and-mortar via wholesale at retailers including Nordstrom and REI , as well as with 10 standalone stores. The company plans to add more than 100 additional stores in the U.S.
In the case of Chemist Warehouse, the acquisition would position it as a superpower in the Australian pharmaceutical market, dominating the wholesale and retail markets through vertical acquisitions across the value chain. They sold Australis in September 1991 to the Smorgon Family.
Drawing on his family background in footwear, and his own experience in the industry, having started working in Chinese footwear manufacturing in 2011, he launched Alias Mae as a wholesale business. IR: You started as the customer service and wholesale manager, how have you witnessed the brand’s evolution in your time at the company?
During that time, there were a lot of listicles going around celebrating Black-owned business to shop and follow, and I found myself and my previously-owned brand Nyakio Beauty (acquired by Unilever in 2017) was at the top of all these lists, Grieco told Inside Retail.
Launched in 2017, wholesale platform Foodbomb connects restaurants and cafes with a marketplace of around 160 suppliers, simplifying the ordering process. But, in the wake of the Covid-19 pandemic, the business opened its doors to direct-to-consumer (D2C) sales to buoy the market through periods of empty supermarket shelves.
Before taking the reins of Propel Group, the company behind some of Australia’s best-loved workwear brands, Caroline Elliott was the COO who restructured the local operation of French fashion label Kookai and orchestrated the local franchisee Magi Enterprises’ acquisition of the global licensing rights in 2017.
Once positioned at the pinnacle of the American apparel industry, the BCBG Max Azria Group faced a series of fiscal and operational difficulties, which led it to file for Chapter 11 bankruptcy protection on February 28, 2017. This market segment is expected to reach $150 billion by the end of 2030 with a compound annual growth rate of 5.96
Founded by Michael Pratt in 2017, the digitally native brand is known for its patented design, which allows the wearer to slip the shoes on and off hands-free. What makes Kizik stand out in an oversaturated footwear market Recent years have seen several disruptors in the footwear market, such as Hoka, Allbirds, and On. “At
Renowned Australian footwear business Munro Footwear Group (MFG) recently acquired the popular but beleaguered New Zealand kids’ footwear brand Bobux, as part of a plan to consolidate its presence in the children’s market. However, Bobux – which targets a younger audience – provided a point of difference, and a year-round offering.
The Village Medical clinics will open in more than 30 markets, with more than half in medically underserved communities. VillageMD currently operates more than 230 practices across 15 markets, with plans to expand nationally in the future. The company’s revenue has grown from $217 million in 2017 to an expected $1.3
Brothers Omar and Zane Sabré (l to r) started the accessories label in 2017. Since launching in 2017, Maison de Sabré has grown into a multi-million dollar global accessories business with dedicated e-commerce sites in Australia and New Zealand, Japan and the US, and an international site that ships to customers around the world.
For them, the market disruption is ongoing, especially when it comes to mattresses and pillows. They call this the “wholesale” shopping experience. MACH allows retailers to change and connect disparate systems to enhance customer experiences and quickly adapt to changing market conditions and customer demands.
Grenade said the brand develops specific products for the Asian market to adapt to the culture by offering different cuts. “We We are also launching capsules dedicated to this market, such as for the Chinese New Year, and this year we will be launching a luxury range only available in Asia,” he added. per cent in digital, 68.9
Direct-to-consumer strategies have transformed retail, both in the way consumers shop and how brands and retailers manufacture, market, and sell. ” This is contrary to the traditional strategy of wholesale, when brands partner with retailers to distribute products in bulk for sale by those retailers. Why Is D2C Popular?
We also opened stand-alone stores in Los Angeles and New York in 2016 and 2017. With our wholesale business, because we went to the best retailers, we got paid on time. IR: You recently announced plans to open a number of new stores in the US, UK, and Australia, marking your return to the Australian market as a stand-alone retailer.
According to Grand View Research, the global cannabidiol (CBD) market size was valued at US$2.8 Demand for cannabidiol for health and wellness purposes is driving market growth in the wake of the Covid-19 pandemic as consumers seek out goods with natural healing properties. Petcare market. per cent from 2021 to 2028.
Blakeslee has broad experience in the apparel retail and wholesale industries, having served as president of sister companies Alo Yoga and Bella+Canvas since 2017 and held senior positions at Alphabroder. Apparel company Gap has appointed Chris Blakeslee as president and CEO of its US$1.5 billion in FY22.
In a world where technology, from smartphones to AI, is being integrated into almost every aspect of daily life, it may surprise some people to learn that the stationery market is thriving. In 2017, Papier raised approximately US$4 million in a Series A funding round. per cent during the forecast period between 2024 to 2029.
The purpose of lead generation is to find potential customers and convert them into sales, but unfortunately, more than half of marketers do not succeed. A HubSpot study found that 61 percent of marketers struggle to generate leads. Content Marketing. Visual Content Marketing. Written Content Marketing.
Soon after Britain’s Tesco abandoned its retail business in Thailand and Malaysia in early 2021, its buyer, Thailand’s Charoen Pokphand Group, merged it with its Siam Makro wholesale arm. The retail and wholesale businesses accounted for a roughly even split of the company’s 219.6 billion baht ($9.4 Harnessing the synergies.
Sportswear retailer LSKD has been expanding rapidly throughout Australia in recent years, and has now set its sights on a bigger market: the US. Australia and New Zealand are still our largest markets, but the US is really growing and it will take over – it just takes time. In 2017, I started trying to find our “why”.
The Body Shop has been snapped up by private equity investor Aurelius Group for £207m, just a fifth of the price that Brazilian cosmetics giant Natura paid for it in 2017. The sale, which is expected to complete next month, is far below the £500m price tag that Natura was understood to be targetting.
During her time at Lululemon, which spanned 13 years from 2012 to 2020, Shaughnessy led over 40 stores and oversaw the brand’s national wholesale and community presence in ANZ. Daniel, the founder and CEO, sought out business mentors in late 2017 after the business had been idling around $3 million in annual revenue for five years.
Local village stores have raised concerns, alleging that Tesco is employing tactics like limiting their access to groceries to force them out of business via its wholesale division, Booker. Independent retailers have aired their grievances to The Guardian , highlighting recent changes implemented by Booker.
Since its inception 60 years ago, Nike has long dominated the sportswear market, fuelled by innovative products, global reach and out-of-the-box marketing. Back in 2017, Nike launched its Consumer Direct Offense, as it looked to expand its direct-to-consumer (DTC) business, and lower its reliance on wholesale accounts.
Still, for many new brands hitting the market today, disruption of legacy norms, and brands, is the goal, And whether he likes it or not, Dubitsky is very good at it. Then in 2017, both brands were acquired by S. If [the answer to that question is] there was a hole in the market, I made the quadrant chart and found this white space.
They also have the capital to do marketing , which is increasingly important on Amazon Marketplace for growth.”. Gnesin launched his rollup, Elevate Brands , in 2017, but didn’t acquire his first brand until two years later. It’s also a big reason why they’re able to generate those staggering multiples.
The ecommerce giant’s trading director Sam Brocklebank, wholesale and product operations directo Marie Laskowski, and product director Claire Asher, are believed to have left the business, Drapers reported. Boohoo revealed today thats Christmas trading was in line with market expectations over the key Christmas period.
The answer is simple: create a strong marketing campaign. Even though there is an easy solution to having competition, implementing a robust marketing campaign can actually be quite difficult and hurt your brand if done incorrectly. This can help you identify what you are best at and use it to your advantage for the marketing campaign.
Mango , one of Europe’s leading fashion groups, has announced the appointment of a new Director of Mango Home to strengthen its homeware line and further bolster its market presence. Nuria Font, previously the Director of Mango’s Wholesale Department, will assume her new role in June.
Mawuse Ziegbe: Camper has been in the Australian market for over 20 years. Our iconic styles are silhouettes that are unique in the market, from Pelotas, which features a cushioning system of mini balls on the outsole, to Peu Cami, which is shaped like a foot and has an elastic lacing system.
We organize all of the trending information in your field so you don't have to. Join 40,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content