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. With this latest round, which pushes the company’s total funding to date above $1 billion , Faire is now valued at $12.4
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.
Photo credit: Calpak From Pop-Up to Permanent Calpak initially realized the power of retail when it started forging partnerships with Nordstrom and other wholesale partners, according to Shin.
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. There’s just some really exciting growth coming out of international wholesale because it tends to snowball, she continued.
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.
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.
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. From 2014 to 2017, she was Alibaba’s Chief Customer Officer. The announcements mark the first major management shifts since Alibaba was fined a record-setting $2.75
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.
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.
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).
The brand was acquired by Crescent Capital in 2017, but fell into voluntary administration in March 2020, largely due to the impact of the Covid-19 pandemic. The brand currently operates 10 retail boutiques across Australia and distributes its products worldwide via 40 wholesale partners.
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. We’ve built this business in a more traditional, grassroots way.
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. Brick-and-mortar dominates the retail scene, with ecommerce projected to account for just 7% of sales this year, up from 3% in 2017.
RM Williams has opened its third UK store in Marlow, Buckinghamshire, the company’s first store outside Australia since 2017. ” Aside from the physical stores, RM Williams also sells its products through 90 wholesale partners in the UK. Another UK store will open in Cambridge in December.
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. Under Armour saw business begin to slide in 2017 following years of record growth. Prior to that, Baxter held various leadership roles at Adidas and Reebok.
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.
Launched in 2017, wholesale platform Foodbomb connects restaurants and cafes with a marketplace of around 160 suppliers, simplifying the ordering process. The post How wholesaler Foodbomb is taking its suppliers direct-to-consumer appeared first on Inside Retail. Now it’s unlikely to turn its D2C offering off.
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.
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. New Zealand was naturally the first international market for the retailer in 2017, and it now has 48 stores there.
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. But now it appears to be attempting a comeback.
As we explored in our eBook, “ The Wholesale Brand Disruption Guide ,” direct-to-consumer is defined as “the marketing and selling of products directly to consumers from the brand manufacturer.” percent of all retail growth in 2017, and eCommerce sales increased by 16.4 What Does Direct to Consumer Mean?
It forms part of a transformation genda for MFG – which owns more than a dozen retail and wholesale brands including Williams, Midas, Ziera, Diana Ferrari, Colorado, Mountfords and Mathers – focused on strategic acquisitions, investment in new technologies, facilities and omnichannel growth, and the continued growth of its store network.
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. Innovative sneaker brand Kizi already has a firm toehold in the footwear industry.
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.
The company’s revenue has grown from $217 million in 2017 to an expected $1.3 Additionally, the retailer sold its wholesale business to AmerisourceBergen Corporation for approximately $6.5 VillageMD currently operates more than 230 practices across 15 markets, with plans to expand nationally in the future. billion in 2021.
Harmony783 also is a reinvention of pluggz , a grounding shoe company that Whiteley sold in 2017 but recently reacquired. I sold the company in 2017. The changes that have happened recently are seismic — as seismic as the change in moving from the wholesale/retail model to online shopping was. How have sales been going?
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. The breadth of our offer – the leather goods, the gold jewellery – is much more significant than a wholesale partner is ever likely to pick up.
The firm’s head of retail and wholesale Sophie Michael said: “Since we started tracking both online and in-store sales in 2017, the only time we’ve seen results this poor was during the 2020 COVID-19 lockdown period, when the majority of non-essential retailers were forced to remain closed.
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?
They call this the “wholesale” shopping experience. Awards received during her tenure included: Forbes Best Management Consulting Firms: IT-Implementation 2016, 2017, 2018 and IBM Business Partner Award: 2016 IBM Commerce Winner. Emma sees the mattress and pillow shopping experience spanning both spectrums.
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
Launched in 2013 as a pure-play DTC business, Madison Reed expanded into wholesale through a partnership with Ulta Beauty in 2017 and recently began opening retail locations, dubbed Hair Color Bars. The company now operates 30 Hair Color Bars across the country and plans to double that by the end of 2021.
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.
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.
Since changes to the Food Standards Code in late 2017, permitting the sale of low-psychoactive hemp seed as a food in Australia, the ingredient has become a popular addition to products across food, beverage, skincare, petcare and more. Hemp goes mainstream. Elixinol Wellness is a global leader in the hemp industry based in Sydney.
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.
IR: I think some people might not know that LSKD – which stands for loose kid – started off as a wholesale brand. I never had the intention to do wholesale, but that’s what was around back then. In 2017, I started trying to find our “why”. We pay for their Audible accounts so they can listen to books that we recommend.
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.
Gnesin launched his rollup, Elevate Brands , in 2017, but didn’t acquire his first brand until two years later. Both Richman and Gnesin, as well as many of their counterparts, talk about eventually taking at least some of the brands in their portfolio into other channels, whether direct-to-consumer , other marketplaces or wholesale.
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. A raft of senior Boohoo directors are understood to have left the online retailer.
Unitas managing director, Darren Goldney, is to join wholesaler Pricecheck. He brings a wealth of varied industry experience having led the merger to form Unitas after joining Today’s Group in 2017. Goldney, who is due to leave Unitas in late April, will join Pricecheck as commercial director.
It also operates the online marketplace Styletread and a wholesale arm. M&A background A few years before he joined MFG as its CFO in 2017, Bartlett worked at Wesfarmers, where he was involved in the acquisition of Coles Group and later Guy Russo’s turnaround of Kmart Group.
McKoy joined the bootmaker in January 2015 as global category manager for footwear, before being promoted to global product and merchandising director in 2017. for the 26 weeks to 29 September as elevated costs and weakness in wholesale revenue, especially in the US, weighed on its bottom line.
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