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Inside Retail spoke to industry experts Brian Walker, founder and executive chair of Retail Doctor Group, Mal Chia, managing director and co-founder of Ecom Nation, and Dr Jessica Pallant, marketing lecturer at RMIT University, for their take on the situation. Catch started by offering once-a-day deals in limited quantities.
Greater China, Amer Sports’ second-biggest market, saw sales jump 56 per cent during the period. While major global retailers have encountered significant setbacks in penetrating the Chinese market, niche sportswear brands have demonstrated a markedly different pattern. billion during the third quarter. Following its €4.6
Key Takeaways Amazon’s Market Share Dominance: Amazon holds approximately 38% of the U.S. e-commerce market, emphasizing its status as the leading online marketplace and highlighting the competitive landscape for small businesses. Key statistics reflect its impactful growth and market dominance in e-commerce.
The two decided to fill in the white space themselves and started with a small booth at an independent fashion market. Over the past 10 years, the team has focused on growing in the US market. With the right design formula, sales from the US market have exponentially grown to where they now make up nearly half of Farm Rios profits.
Founded in 2019, Coolmate quickly became popular for its products and services catering to male customers and has consistently topped menswear’s e-commerce sales in major online marketplaces in Vietnam. We believe the guidance and support from Vertex will significantly accelerate our strategic entry into new regional markets.”
He is an accomplished designer who studied arts in France 15 years ago before taking a job with a public relations consultancy in China’s capital, Beijing, where he worked on the account of Procter & Gamble, an FMCG company with a raft of hair and skincare products. Each market is quite different, so we are still learning.
Hong Kong-listed multi-brand beauty retailer Sa Sa International Holdings has shuttered all of its remaining stores in Mainland China, drawing a line under a decade-long push into the world’s second-largest beauty market. The company once aimed to establish a network of 500 stores across this rapidly growing market. million. “The
Inside Retail connected with Hurtado to learn more about how Hello Updo fills a white space in the haircare market, how her brand honored Hispanic Heritage Month and her dream of creating a world where every hair type has its rightful place in beauty. IR : In what ways do you believe Hello Updo fills a white space in the haircare market?
Accounting firm FTS Recovery was taken on as administrator of the struggling fashion brand on 10 March. The brand floated on London’s junior AIM market back in 2019. UK-based fast fashion retailer In The Style is understood to have been bought out of administration.
trillion ($84 billion) to Thailand’s GDP, accounting for about 15.17 It also hosts Songkran (Thai New Year) celebrations and offers an indoor floating market. Thailand hosted 35 million foreign tourists last year, nearly matching the record 39 million it hosted in 2019, the year before the pandemic. per cent of the total GDP.
Figures collected from market research company Circana revealed that in the 12 months ending June 2024, US-based adults accounted for more than US$7 billion in toy purchases. The adult consumers who are interested in products traditionally marketed for kids, such as Lego sets and plush toys, have been dubbed kidults.
When inventory management, marketing, supply chain and in-store operations dont speak the same language and rely on separate data streams and objectives, theres a loss of agility. Many rely on static, backward-looking dashboards that fail to account for changing real-time consumer behavior.
Last year Ugandan Coffee broke its export record and has now set its sights on increasing this figure whilst securing the cups of more British coffee drinkers; it currently accounts for a mere 1% of the UK’s total coffee imports. cups per person per day, yet Ugandan coffee accounts for just 1% of British coffee imports.
Marketplace sales were estimated to account for more than a third (36%) of online purchases in value across Europe in 2023*. By utilising Activation, tectake has optimised its multichannel strategy, ensuring they can respond swiftly to market demands and deliver compelling experiences to customers globally.
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.
Valuable Analytics for Businesses: Enhanced analytics tools in Meta Pay allow small businesses to monitor payment trends and customer feedback, empowering them to optimize their social media marketing strategies. This change is crucial for small businesses looking to leverage social media marketing strategies.
This ruling sends a strong message to threat actors within the spyware market and carries implications for small businesses increasingly reliant on digital communication and data management.
The sale of inventory properties (shophouses) that had anchored revenue growth in preceding quarters has now run dry, which accounts for the crash on the top- and bottom lines. This year, the situation has switched and now the two categories are both accounting for about 35 per cent of the transactions each. What can Vincom do?
I was seriously impressed to learn of the market opportunity and CleanCos dominance in the space,finished Stokes. Complementing its retail presence, CleanCo is enjoying accelerated growth in the on-premise with a +224 percent growth in UK & Ireland trade accounts serving Clean Cocktails in 2025 already. This week, Clean T (0.0
Formula 1 is all about speed, precision, and performance,” observed A’bidah Zaid Shirbeeni, a senior writer with Marketing-Interactive in Malaysia. But in today’s marketing landscape, unexpected pairings are often the most powerful. Pasta, on the other hand, is slow-cooked comfort. billion this year and F1 $798 million – $2.9
Gartner predicts key enterprise computer vision markets will pass $386 billion by 2031, with retail among the sectors offering the fastest revenue growth opportunities. The AI models that power this system need frequent updates to improve accuracy, adapt to new product layouts and account for seasonal merchandise changes.
Under Armour revealed in November 2019 that it had been the subject of a federal investigation into its accounting practices since 2017, with the Wall Street Journal reporting at the time that both the Justice Department and the Securities and Exchange Commission were looking at the retailer’s financial reporting. “We
In addition, as the popularity of online ordering and delivery continues to skyrocket, marketers need to rethink how they communicate with and market to consumers. In order to do this, retailers need to leverage valuable consumer data to create a more targeted marketing strategy. The global loyalty management market stood at $2.47
However, retail marketers often lack the data they need to develop and execute more empathetic messaging. This data deficit makes it difficult for marketing to keep pace with a rapidly changing environment. Marketers are really at the forefront of this transformation ,” Schwartz said. since the 2019 State of Marketing report. “It
Founded in Los Angeles in 2019, the brand started out with the ambitious goal of disrupting the T-shirt category — a saturated, highly commoditized space. But as these brands and many others look to new channels, such as stores and wholesale, to combat flagging sales and elusive profitability, True Classic is doubling down on digital. .
Same-day services, including order pickups, drive-ups and its Shipt subsidiary, grew 273% and accounted for approximately six percentage points of total company comp sales growth. Additionally, the retailer saw strong market share gains across all five of its core merchandise categories. of the retailer’s Q2 sales. Walmart U.S.
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.”. .
A further 39 per cent said they kept shopping with the brands they had a loyalty account with regardless of the pandemic, while 13 per cent said they shopped where they wanted regardless of loyalty programs. This could be due to a continued, if slow, shift in what customers actually want from their loyalty programs. this brand speaks to me).
BSN is one of the nation’s largest direct marketers and distributors of sporting goods, footwear, apparel and branding to the school and league markets. The Team Sales business has historically accounted for less than 1% of Foot Locker’s annual consolidated sales.
growth we saw in 2019. Gaining access to consumer accounts has increased, allowing fraudsters to purchase gifts on their dollar. With e-gift Cards not going away anytime soon, comprehensive fraud solutions are necessary for merchants and customers to keep up with the market. billion online with U.S.
In 2019 , the total market share of online U.S. Without proper identification of the individuals behind transactions or new account openings, it’s difficult for retailers to tell the difference between good customers and bad actors, and therefore easier for fraudulent activity to slip through. The result?
We were attracted by Retail Zoo as a strong platform in the food retail sector, with market-leading brands in Boost and Betty’s,” said Georgina Varley, MD at Adamantem. Its burger chain business Betty’s, which accounts for 56 per cent of the company sales, has grown from eight stores to 54 over the past five years.
The letter states that Amazon engaged in a “pattern and practice” of misleading conduct reportedly designed to “influence, obstruct or impede” the committee’s 16-month investigation into competition in digital markets. Amazon and its executives must be held accountable for this behavior.
Microsoft is gearing up to take a bigger piece of the growing retail media pie with the debut of a suite of new capabilities through its PromoteIQ marketing platform, which the company acquired in 2019. alone by 2024, accounting for 20% of total digital ad spend, according to Insider Intelligence.
Mattress Firm has publicly filed for an IPO that will return the furniture retailer to the public markets six years after South Africa’s Steinhoff International took the company private. After going private in 2016, the chain hit a few bumps in the road, including an accounting scandal that saw the resignation of the current CEO.
year-on-year through September 2020, boosting ecommerce’s share of its total sales from 33% in 2019 to 59% during this period. An electronic waste recycling program that M.Video launched in summer 2019 is now available in 450 stores, with plans to add another 200 locations in 2021. Q3 2020 net sales for all channels climbed 25.3%
Google does have a direct-purchase feature, Buy on Google, which is similar to what Bing has rolled out, but it accounts for only a fraction of the more than 1 billion shopping sessions Google sees every day, according to Madrigal. Bing accounts for approximately 25% of total monthly search volume in the U.S.,
Grether and Anderson will both report to Diego Scotti, EVP and General Manager of the PayPal Consumer Group, Global Marketing and Communications. In his new role he will be accountable for PayPal’s consumer business, including product strategy for PayPal and Venmo globally.
The Australian market currently accounts for 16 per cent of its sales, and the company aims to grow that to 38 per cent by 2025. Since 2019, the business has grown revenue by 300 per cent, with $4.3 The brand is currently scouting for a chief marketing officer and a sales relationship manager. million achieved this year.
The company underwent several rounds of jobs cuts and a $200 million dollar restructuring in 2018, followed by an SEC investigation into its accounting practices in 2019. Frisk’s remit when he joined was to reengineer Under Armour’s structure, systems and go-to-market process. Browne has held the role of COO since 2020.
In 2019, Touchland closed deals with notable retail partners like Urban Outfitters , Bloomingdale’s and Neiman Marcus. Lisbona explained that having a robust and accurate record of customer touch points can significantly improve the way brands engage with consumers across marketing, advertising and service channels.
leaving 15 stores in this market. in 2021 and in line with shrink rates seen in 2020 and 2019. Theft, both internal and external, accounts for 65% of shrink, although it can reach as high as 70% in certain verticals. When calculated as a percentage of total retail sales, shrink represented $112.1 billion in losses, up from $93.9
The move sent share prices for other BNPL providers downward as the market reacted to the news. This builds on Apple and Goldman’s existing partnership on the Apple Card credit card, which has been backed by the investment bank since 2019. Apple is a giant in the payments market, with Apple Pay growing to be accepted at 85% of U.S.
PacSun has teamed up with a new kind of spokesperson for its back-to-school and holiday 2022 marketing campaigns — virtual influencer Miquela. The new partnership marks the “beginning of an exciting marketing strategy” for PacSun, which said it will be leaning more into the virtual influencer space and the metaverse throughout Q4.
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