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
BJ’s Wholesale Club is testing out a smaller store format called BJ’s market. BJ’s market will serve as an exciting new innovation lab for BJ’s Wholesale Club,” said Bill Werner, EVP, Strategy and Development at BJ’s Wholesale Club in a statement. “We The first 43,000 -square-foot concept store opened in Warwick, R.I.
Marquee bought the brand from Gordon Brothers , which acquired Laura Ashley out of bankruptcy in 2020. We acquired the British heritage brand out of insolvency in 2020 and built a flexible, scalable licensing business and a global ecommerce presence over the last four years, said Tobias Nanda, Head of Brands at Gordon Brothers in a statement.
Hoffman previously served as CEO of Vince from 2015 to 2020 before leaving to lead Wolverine Worldwide, first as President and then CEO through August 2023. The brand also is sold in premium wholesale channels around the world and has a subscription service, Vince Unfold , that is operated by CaaStle.
Online wholesale marketplace Faire has raised $260 million in a Series F funding round led by Sequoia Capital. billion valuation that followed its Series E round in November 2020. This latest round values Faire at $7 billion , nearly triple the $2.5
The company’s wholesale business is still thriving, but now it’s only part of an omnichannel strategy that includes ecommerce , social commerce and marketplaces. Introducing DTC Without Damaging Wholesale. The key in the end was to ensure that Natori.com wasn’t really competing with the brand’s wholesale partners.
As we’ve made a strategic shift to become a licensed wholesaler, it’s clear that our long-term growth momentum must be rooted in the success of our strong network of retail partners,” said Leon Bergmann, CEO of Save A Lot in a statement. This acquisition marks the final chapter in the retailer’s wholesale transformation, which began in 2020.
BJ’s Wholesale Club has partnered with DoorDash to offer on-demand grocery delivery from 226 locations across 17 states. By 2027, the global last mile delivery market is expected to reach more than $200 billion , nearly double what it was in 2020.
After moving aggressively into direct sales in 2020 and 2021, Nike had to begin rekindling wholesale relationships with retailers including DSW and Macys in late 2023. The brand also has been dealing with the repercussions of its efforts to beef up its direct-to-consumer (DTC) channel.
The beverage alcohol company, which has operated as a traditional distributor-based wholesale business for decades, is currently in the process of building out standalone websites for its key brands as it moves toward becoming a customer-centric omnichannel operation. “The A Key Acquisition Helps Shape the Future of Constellation’s Business.
In fact, marketing agency Empower said its seen a 90% increase in consumer interest in the advent calendar category since 2020. The trend is being fueled in part by the popularity of social media unboxing and haul trends, but also by an increased desire from consumers for experiences following the forced isolation of the COVID years.
Abound , a curated wholesale marketplace designed to connect small business owners and independent brands in the U.S. Since the start of 2020, the company said it has added more than 180,000 products and experienced a 20X increase in monthly sales volume. and UK, has closed a $22.9
But after a lackluster IPO in 2020 , the company retreated from the public market just two years later when it was acquired by private equity firm Durational Capital Management in 2022. RTP: Casper has its roots in DTC, but you’ve since expanded with your own stores and through wholesale. How do you view those channels?
The shoe retailer reportedly closed its wholesale accounts with Fred Meyer , Zappos , Dillard’s , City Blue , VIM , EbLens , Belk , Bob’s Stores and Boscov’s in August 2020. Nike isn’t the only apparel retailer with a strong wholesale presence looking to put a renewed emphasis on its DTC operations.
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.
Bass stores, as part of a restructuring effort that will result in the company putting more emphasis on its wholesale operations. The closures were announced alongside poor Q1 2020 results: net sales for the quarter fell 36.1% G-III Apparel Group will close all 110 Wilsons Leather and 89 G.H. million , resulting in a net loss of $39.3
Founded in 1953, Laura Ashley has grown its distribution to more than 80 countries through wholesalers, digital marketplaces, and over 150 branded retail sites worldwide. Gordon Brothers acquired Laura Ashley from insolvency in 2020.
BJ’s Wholesale Club has appointed Rachael Vegas as EVP, Chief Merchandise Officer (CMO). She joined BJ’s in 2020 as SVP, Chief Digital Officer and is responsible for the strategic leadership of the company’s digital business. Monica Schwartz takes on the role of EVP, Chief Digital Officer.
Related Story Space NK offloads US wholesale arm 20/06/2024 x 12:50 PM Space NK said the growth has been fuelled by a surge in its customer base, with double-digit growth across all age categories, from Gen Z through to millennials and Gen Alpha. Shop sales jumped by 24%, while online sales rose 35% in the six months to September 2024.
based wholesale and retail business assets of the Scotch & Soda brand, which will allow its products to be sold in retail stores across the country. Bluestar brought back the Justice brand as an online-only retailer in April 2021 following its $90 million acquisition of the company in November 2020.
Lidl was first granted planning permission for the pub back in August 2020, however the plan was objected by complete drinks wholesaler Philip Russell Ltd. The business claimed Lidl had not established that there was an inadequate number of other licenced premises close to the site.
GNC Holdings, the retailer’s parent company, went through a “pre-packaged bankruptcy” in June 2020 that included closing 800 to 1,200 of its stores. Beginning in June, GNC will offer an initial selection of men’s and women’s essential everyday vitamins, merchandised in several different formats at Walmart brick-and-mortar stores.
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).
Its efforts fell short: retail revenue fell by 85% , and wholesale revenue by 70% in 2020. TCG, like many other retailers, was forced to close stores during the pandemic and tried to improve online sales to survive. However, TCG noted that it would consider selling itself if larger offers surface during the restructuring process.
The appointment comes with Under Armour’s acquisition of Unless Collective , a zero-plastic regenerative fashion brand that Liedtke co-founded in 2020. From 1996 to 2019, he was acting CEO and Chair of the Board of Directors, and in 2020 he was appointed Executive Chair and Brand Chief. When Dausch leaves the company on Aug.
Australian online wholesale marketplace startup TradeSquare has secured $28 million in funding from US investment firm Tiger Global. After the sale, former Catch CEO Nati Harpaz and his business partner, entrepreneur Einat Sukenik, saw an opportunity to develop a B2B marketplace platform in 2020 resulting in the launch of TradeSquare.
However, currency-neutral wholesale revenues were down 3% to $7.1 After making an aggressive move toward direct sales in 2020 and 2021, Nike began rekindling wholesale relationships with retailers including DSW and Macy’s last year, marking a major shift back to a more traditional retail strategy.
The retailer also will invite brand partners to join The Folklore Connect, which provides software for diverse and sustainable brands to manage and scale their wholesale businesses and serves as a marketplace for retailers to buy from historically marginalized brands.
in Q2 2020, a sign that the brand is a high achiever both in-store and online. Wholesale revenue soared 157% despite the company’s plans to exit between 2,000 and 3,000 wholesale partnerships. Lululemon posted an extremely strong quarter, led by a 61% net revenue increase to $1.5 of net revenue compared to 61.4%
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.
Frisk, who has been with the company since 2017 and at the helm since 2020, will stay on as an advisor through Sept. He took over as CEO when founder Kevin Plank stepped down from the position in 2020 after 23 years at the helm. Browne has held the role of COO since 2020. 1, 2022 to help with the leadership transition.
US Foods acquired the Smart Foodservice Warehouse business in April 2020 in a bid to expand its cash-and-carry footprint. The new additions will bring the total number of CHEF’STOREs to 87 across 13 states. In February 2021, the company rebranded to the CHEF’STORE banner.
We look forward to growing the Gap business across key international markets,” said Adrienne Gernand, Managing Director of International, Global Licensing and Wholesale at Gap Inc. Financial terms of the deal were not disclosed. “We in a statement.
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.
According to the National Association of Convenience Stores (NACS) 2020 SOI Report, there are 150,274 C-stores in the U.S., During 2020, the industry also saw some of its largest mergers in addition to witnessing dozens of smaller chains exit the market because of changing industry conditions. in 2020 despite a 13.9%
In 2020, the brand’s then owner Baring Private Equity Asia closed all its stores in the UK realigning itself as a wholesaler and online brand, culling 908 jobs during Covid. However in June last year, Hilco Capitol purchased the brand only to put it up for sale again in February.
Sweaty Betty makes more than 80% of its revenue through the direct-to-consumer channel, which was a boon during the 2020 lockdowns. The acquisition of Sweaty Betty complements our strategic shift over the last several years from a traditional footwear wholesaler into a consumer-obsessed, digital-focused growth company.
The wholesale partnership will help Athleta meet its goal of reaching $2 billion in net sales by 2023 while giving REI a selection of women’s activewear items — a category that has held strong throughout the pandemic. Athleta is REI’s second major retail partnership following the introduction of the REI x West Elm collection in 2020.
Wholesale distribution company Metcash will fully acquire trade tool supplier Total Tools by the end of this month. Dumbrell has been serving as CEO of Total Tools since 2018 and remained in the role after Metcash acquired a majority stake in the company in 2020.
A 2020 survey by Secure Authentication Brands LLC reported that 37% of respondents admitted to wardrobing, many of whom are knowingly defrauding the system. Shes dedicated to creating frictionless consumer journeys, enhancing revenue for retail, B2B wholesale and DTC operations.
The Elastic Suite platform streamlines the wholesale buying process for both brands and retail buyers, offering a digital year-round transactional platform for use by Emerald’s customers. These integrations will help customers manage orders, real-time inventory and product merchandising.
While certain ecommerce verticals saw mind-boggling sales increases in 2020, luxury goods, including jewelry, enjoyed more modest revenue boosts, according to Signifyd Ecommerce Pulse data. Upscale jewelry designer Gorjana, for example, saw 300% growth in 2020, with a 400% monthly increase in sales between April and May 2020 alone.
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. Prior to that, Baxter held various leadership roles at Adidas and Reebok. Pugliese will remain until early 2023 to support Baxter’s transition.
After measuring our first carbon footprint in 2020, our attention turned to reduction. By removing, replacing and reducing emission-intensive activities, Princess Polly has already seen a 17% intensity reduction on its 2020 baseline, a significant increase from its 7% goal for 2023.
Buoyed by a return to growth in Q4 2020, Adidas has unveiled a new growth strategy that will transform the company into a direct-to-consumer-led business with an emphasis on sustainability. The move is in line with similar shifts made by competitor Nike, which is ditching wholesale accounts and beefing up its digital and DTC business as well.
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