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Retail rode strong into Q2 2021 as shoppers returned to stores even as digital sales remained elevated. The spring and early summer was an optimistic time for many consumers who finally emerged from lockdowns looking to refresh their wardrobes and find items suited for smaller local outings during the warmer months.
Shopify has taken a stake in the B2B retail marketplace Faire and is establishing Faire as the recommended wholesale marketplace for its millions of global merchants through a deeper integration between the two platforms. The size of Shopify’s stake in Faire was not disclosed.
Exclusive: Google Debuts New Retail Media Solution with Lowes as First Beta Tester (March 18, 2024) Retail media was THE growth story in 2024, fueled by these networks ability to target consumers at key decision points in the shopper journey. consumers wallet.
The selections will include items from multiple apparel types across the men’s, women’s and kids categories, and marks the return of Nike to wholesale after it began slashing third-party offerings in late 2021. The return of Nike in Q4 2023 could help improve revenue for Designer Brands, which saw a sales decline of 10.7%
A growing number of consumers are concerned about how their purchasing decisions impact the planet, but even the most sustainability-savvy customer may be confused about how best to align purchases with their green principles. Consumers Overwhelmed by Insufficient or Contradictory Sustainability Info. In fact, half of the 1,000 U.S.
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. In fact, marketing agency Empower said its seen a 90% increase in consumer interest in the advent calendar category since 2020.
It closed down all channels except online, and put all its advertising dollars and social media initiatives into selling direct to consumers (DTC). Its wholesale sales had dried up and its retail stores were forced to close in early lockdowns. It really had no choice, its executives told Forbes. Conclusion: Pivot Fast, Pivot Smart.
Nike is pushing forward with its digitally focused direct-to-consumer strategy following a strong Q3, with plans to build “the marketplace of the future” and bring standalone Jordan stores to North America. The brand’s overall digital sales also increased 19% globally, while wholesale revenues were down by 1%.
Offering both men’s and womenswear, the new stores are launching with the brand’s pre-spring 2021 collections, plus a range of capsule collections and exclusives, such as the ASOS x Polo Ralph Lauren Collection available only at Pacific Fair. They are the first of several store openings for the brand in 2021 and beyond.
With retailers already pushing out holiday sales to entice consumers to buy early and avoid delivery delays due to supply chain congestion, one tactic that they will lean on to entice customers is buy now, pay later (BNPL). BNPL Can Have an Effect on Consumers and Retailers.
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.
The 2021 Connected Consumer Series reflected the challenges retail (and society as a whole) have faced during the past year, but also the growing sense of optimism that is taking hold this year. 5 Social Advertising Trends for Retailers to Know in 2021: Featuring Under Armour. Retail CX Trends 2021: New CX for a New World.
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.
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).
DoorDash has introduced Package Pickup, allowing consumers across the country to have the service deliver up to five return items per trip to UPS, FedEx or the USPS. Consumers can attach prepaid shipping labels to their returns or send a shipping QR code directly to their “Dasher” via the DoorDash app.
Additionally, consumers can shop on Sephora’s website for same-day delivery powered by DoorDash Drive, the company’s white label fulfillment platform. BJ’s Wholesale Club selected DoorDash as its grocery delivery partner across 226 stores in March 2022. Items from U.S.
Direct-to-consumer (DTC) brands have a unique advantage in that they own the entire customer experience — and perhaps most important, all the data that is generated along with it. You can consume a video on social media, or ask your favorite influencer a question live, and be able to press a button to buy it instantly.”
As data privacy increases, it becomes more and more challenging to get data about [consumers] from other places. Merchants, particularly large retailers, who historically had this wholesale relationship where they had vendors and buyers now recognize there’s a benefit to a third-party marketplace model.
In 2021, GNC has focused on making its product offerings more available to consumers: in February, the retailer partnered with Shipt to offer same-day delivery of its vitamins, skincare products and fitness equipment nationwide. As part of the bankruptcy plan, Harbin Pharmaceutical Group Holding Co. purchased GNC for $760 million.
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. Prior to his new role in the International division, Fan, who joined Alibaba in 2013, was President of Taobao and Tmall , two of Alibaba’s most successful consumer marketplaces.
has filed a lawsuit against BJ’s Wholesale Club Holdings Inc. In the complaint, Walmart said that BJ’s app, which launched in late 2021, infringes on four of its patents. At the height of the pandemic in November 2020, Capgemini reported that 84% of consumers relied on touchless technology to avoid physical contact in stores.
The annual ranking is compiled by global marketing consultancy Kantar and is determined by comparing year-over-year increases in domestic sales (in the case of the 2023 list, this means 2021 versus 2022). 7-Eleven’s acquisition of Speedway in 2021 grew the chain’s footprint to 14,000 stores and 30% growth in 2022 as well as landing it at No.
The investment builds upon Vuori’s $400 million investment, led by SoftBank Vision Fund 2, in 2021. In a post-pandemic world, the Chinese consumer is even more focused on the importance of health and wellness,” Lawrence said. We are obsessed with our NPS (Net Promotor Score), which tells us how the customer feels about us.
consumers can get $20 off orders of $40 or more using the code STAPLES20 through Aug. Since Q2 2021, DoorDash has been aggressively expanding its reach via delivery deals with a wide range of retailers, including Rite Aid , Dollar General , BJ’s Wholesale Club , Tractor Supply and Kroger.
Lululemon , Under Armour and Athleta all posted strong Q2 2021 financial results, on top of several recent deals and developments in the space demonstrating how much interest there is in the category. The retailer managed digital growth despite direct-to-consumer penetration falling to 41.2% of net revenue compared to 61.4%
His answer was that] the biggest thing you buy as a consumer is your home, and he didn’t just mean in scale and size, he meant financially, emotionally. Everything about Method was different from what consumers were used to, from the aesthetic to the name. Don’t focus on consumers, focus on people. Why do they suck?’ [His
The penalties are the highest imposed for resale price maintenance in Australia, according to the Australian Competition & Consumer Commission (ACCC). Techtronic admitted it had entered into 97 agreements with retailers and dealers between January 2016 and July 2021.
ASOS acquired the Topshop brand portfolio from Arcadia Group in February 2021. . department store chain and British online retailer aim to “redefine the traditional retail/wholesale model.”. are thrilled to have the opportunity to work with them to reimagine the wholesale/retail?partnership,” ”
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. Altogether, the company has 150 million customers and operates in the fashion, lifestyle and consumer electronics verticals. in a statement.
Barbeques Galore has launched a B2B e-commerce site as it looks to grow its wholesale business both in Australia and overseas. Currently, Barbeques Galore’s wholesale business includes 200 independent distributors in Australia and a growing number worldwide. The global B2B e-commerce market was valued at US$7.4
per cent year-on-year to $1.062 billion, with direct-to-consumer sales growing 4.4 per cent and wholesalers revenues contracting 1.4 Crocs acquired casual footwear brand HeyDude in December 2021 for $2.5 The company’s consolidated revenues increased 1.6 For the Crocs brand, revenues were up 7.4 per cent from 8-10 per cent prior.
7, 2021 and features two exclusive styles and three limited edition styles of Dr. Martens footwear. We deeply value and learn from the best-in-class customer connectivity and market-leading services that Nordstrom is known for across the industry,” said Lisa Kim, VP, Dr. Martens Wholesale in a statement. “Dr.
His experience spans DTC and third-party driven business models, including owned and operated retail, wholesale, franchise and licensing, and ecommerce across the luxury, premium and specialty segments.
” Rent the Runway has struggled since the pandemic, when homebound consumers opted not to refresh their wardrobes. Despite sharp declines in its business, the company moved forward with its IPO in October 2021 and has been working toward a comeback ever since. million in Q3 2021. million in Q3 2022.
billion in 2021, according to the American Pet Products Association. The Bark product portfolio now includes toys, food, treats, dental kits and dental chews, and the brand is forging deep relationships with retailers like Target and PetSmart to bring this growing assortment to consumers. Americans spent $136.8
Foot Locker first hinted at plans for a C-suite role focused on innovation and development strategy in November 2021 when it promoted Franklin Bracken to become the company’s first-ever COO.
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. Despite a widespread return to offices and schools, consumers still appear to be enjoying the more comfortable fashions they adopted in droves during the pandemic.
In the last five years, a bevy of brands including Nike, Levi’s, Crocs and Under Armour have turned their attention to their consumers as they looked to cut out the middleman. And it’s little wonder given that in the US alone, direct-to-consumer (D2C) e-commerce sales are expected to grow 16.4 per cent to reach US$197.11
The consumer is looking for aspirational product stories and we have a unique opportunity to serve them in this space.”. But given how consumers have become more digitally engaged and environmentally focused, how is Louvet reimagining the brand and the way it shows up in the world? Heritage sometimes isn’t enough ,” Louvet admitted.
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.
-based subsidiary of global luxury giant LVMH, spoke at the French Institute Allliance Francaise of New York in November 2021. Following a sharp contraction in 2020, the global luxury market surpassed pre-pandemic sales levels in 2021 — a resurgence powered by the U.S. and China, according to Bain & Company. market penetration.
In Australia, the battle lines between marketplace and direct-to-consumer (DTC) were drawn, and now, the battle has been won. Over time, this will change traditional wholesale for the better. In 2021, B2B marketplace sales grew more than seven times faster than B2B e-commerce sales. Multichannel e-commerce experiences.
Thanks to a growing partnership with OSM Worldwide , Dr. Squatch has successfully evolved its fulfillment strategy so it can not only deliver packages faster but cheaper for consumers and the business. Overall time in transit was 22% faster in 2022 over 2021 — and 42% faster than in 2020. and internationally.
Bestseller’s Australia country director Rikke Dahl-Thorup told Inside Retail that the brand entered the Australian market due to the strong consumer demand for Scandinavian design, and a willingness from Aussie customers to embrace new trends. One example of this is the recent expansion of Vero Moda.
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