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After a particularly hot day in the Dominican Republic, Hurtado experienced the lightbulb moment to launch her brand Hello Updo, a hair accessories brand specialising in products designed for voluminous hair with varied curl patterns. IR : In what ways do you believe Hello Updo fills a white space in the haircare market?
It’s no secret that consumers are still spending big on their pets even in a cost of living crisis – and the launch of luxury pet accessories brand Mon Petit Amour Manolo, which sells collars starting at $550, is proof of this. billion in 2023.
While there is no one-size-fits-all solution to the tariff problem, and the situation remains fluid, several Australian retailers told Inside Retail they are recalibrating their strategies and looking to streamline their operations rather than retreat from the lucrative US market.
Currently, those retailers that understand their customer base, launch gen AI products that fit their audience and implement them using a phased approach are satisfied with their progress but this only accounts for 1% of McKinseys retail respondents. Example of chatbot-generated email for gaming consoles and accessories customers.
The company said the move was made in the best interests of its community, supplier network, investors, and the rapidly growing fashion rental market. Founded in 2016, Designerex allows customers to create accounts and list items for rent directly from the online checkout pages of participating brands.
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. The US fashion market has a history of making or breaking Australian fashion labels and Leo Lins move into the US saw the brand double its revenue in just two years.
But amidst the traditional marketing blitzes and seasonal promotions, a new force is opening doors to partnerships that wouldnt have been imaginable even a few years ago and quietly reshaping the retail landscape in the process: commerce media.
However, to account for the additional expenses on imported goods without alienating their price-conscious customers, they will need to adjust by adopting a variety of new strategies. ” With this approach, customers can purchase a bundle of relevant electronics and accessories for a single price. Even before the U.S.
While Japan has long been established as a premier hotspot for vintage luxury products, particularly designer bags and accessories in pristine condition, the country has recently experienced an unprecedented surge in demand for these meticulously maintained secondhand treasures. billion) and accounted for 28.2 billion yen (US$5.4
GameStop has named Diana Saadeh-Jajeh, the retailer’s Chief Accounting Officer, as CFO, effective immediately. Its actions have focused on the digital world, including redesigning its app , hiring people with backgrounds in ecommerce and blockchain gaming and planning to launch an NFT market by the end of Q2 2022.
I don’t think it matters that you’re small, it’s what you’re doing,” Tonia Bastyan, design and marketing manager at BlockTexx, told Inside Retail. In an Australian-first partnership, BlockTexx and Elk have teamed up to bring an innovative solution to bring end-of-life garments into the circular fashion economy. “I
The goal is to position True Religion as the ultimate gifting destination for apparel and accessories, especially among Gen Zers who are increasingly gravitating toward Y2K-nostalgia style. Called “Style is a Gift,” the campaign features rapper and recording artist Quavo alongside influencer, TV personality and entrepreneur India Love.
For brands, it presents a rare opportunity to speak directly to a consumer demographic that may not be holding the purse strings, but still accounts for a significant amount of spending. “It’s The post How Roblox is helping The Athlete’s Foot win in a competitive kids’ market appeared first on Inside Retail.
The price increases will affect Louis Vuitton stores worldwide and cover leather goods, fashion accessories and perfumes, the spokesperson said on Tuesday. “The price adjustment takes into account changes in production costs, raw materials, transportation as well as inflation,” the label said in a statement given to Reuters.
With the coronavirus pandemic forcing businesses to shutter their brick-and-mortar outlets and target customers online to simply stay afloat, many have had to drastically increase their digital marketing spend. Step 1: Set up a Google Merchant Center account — this is easy to navigate so shouldn’t take you too long to do.
Theres this beautiful interest in Australian fashion, people like Christopher Esber and Zimmerman have led the way now there’s a real interest for Australian design in the international market, Kelly Atkinson, co-founder and creative director of We Wear Australian, told Inside Retail.
But Lindsay Jerutis, GM for ShopStyle Collective , believes that marketing and social teams are overlooking a significant opportunity: using influencers to sway product demand and respond to product availability challenges. The influencer marketing industry is poised to reach $16.2 What unique value do influencers provide in this area?
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.
From humble beginnings as a fitness-focused apparel brand to a global business with a rapidly growing retail network, Staxs journey showcases the power of community engagement, strategic product evolution, and adaptability in a dynamic market. I thought it was just a photo editing app, Matilda said.
Aeon Mall, Japans biggest mall operator and an increasingly influential one throughout Southeast Asia, has turned in another record quarter for operating revenue, but not every one of its markets is singing from the same songbook. per cent) and accessories (+8.4 On January 9, Aeon reported operating revenue of 332.7 billion yen ($2.1
“Vertex Ventures Southeast Asia and India brings deep expertise in scaling startups globally with valuable connections across various markets,” he said. “We We believe the guidance and support from Vertex will significantly accelerate our strategic entry into new regional markets.” billion this year.
Its women’s line now accounts for 14 per cent of its revenue, up from 12 per cent in the prior year. The underwear retailer’s net profit soared 43.9 per cent to $12.4 million as revenue jumped 29.7 per cent to $84.5 The post Step One’s net profit surges 43.9 per cent appeared first on Inside Retail Australia.
Luxury fashion house Balenciaga has partnered with Epic Games and Fortnite to release a range of digital fashion looks with interchangeable accessories. The luxury fashion house provided Epic Games 3D versions of garments and accessories to be rendered onto characters, then further embellishments and enhancements were added.
A professionally compiled marketing calendar is a detailed plan that records all the company’s marketing events with a schedule of dates and times. Usually, a marketing calendar is made for a year or a quarter. How to use holidays to maximize marketing benefits? Why is it needed?
Inside Retail spoke to Balázs Krizsanyik, GM of Desigual Asia Pacific, and Tim O’Rourke, national sales and managing director at O’Rourke Showroom, to learn more about the brand’s local strategy for the Australian market and its expansion strategy globally. IR: Could you elaborate more on the expansion strategies in this market?
Online marketplace MyDeal has poached Catch marketing head Ryan Gracie and named him as its new chief marketing officer. Clothing and accessories retailer Michael Kors has promoted Robin Gendron, its retail and e-commerce vice president of the Europe, Middle East and Africa (EMEA) markets, to president.
This week, the brand announced its first-ever ambassador, model and 2010’s Miss Universe Australia Jesinta Franklin, and is set to disrupt the US market next. “It’s Examples include collaborating with a digital performance marketing agency and a filming team for Your Reformer’s on-demand exercise video platform.
The resale market is expected to grow five times in the next five years, so fashion brands and retailers really can’t ignore it. Apparel, shoes and certain accessories can be rented, recycled and resold via the Circular Wardrobe. They’ll fall behind the competition if they do.”. How The Iconic x AirRobe Circular Wardrobe works.
million due to a decline in the wholesale channel, reflecting subdued market conditions and a material decrease in a small number of retail accounts. The group’s revenue soared 16.1 per cent to $183.5 million with Universal Store’s sales rising 17.2 per cent to $156.1 million and Perfect Stranger’s sales surging 92.3
Our major wholesale accounts are managed in-house. By adapting to the changing needs of the business and leveraging external expertise, Alias Mae continues to strengthen its position in the market and drive growth in wholesale distribution. IR: How many stockists does the brand have now and will we see a DTC retail store in the future?
To solve this problem, Nespresso brewed up a new marketing tool — a quiz. Most Americans (84%) start their morning with a fresh cup of coffee, according to the National Coffee Association , and they are increasingly turning to specialty coffees (57%) and single-cup brews (28%).
Australian online luxury retailer Cettire says it will enter into the Chinese e-commerce market, in a partnership with JD. Mainland China is expected to account for 25 per cent of the global personal luxury goods market by 2025. There are also plans to launch a Chinese-language website in existing markets.
If Temu loses, Temu could be forced to curtail what so far has been a key marketing strategy. Shein seeks to block Temu from using Shein’s name for marketing, and it wants damages from sales that Shein can show came through deceptive or infringing marketing. Temu has asked the court to dismiss the lawsuit. “I
The most common product categories purchased were: Video games and accessories ( 44% ); Toys and hobbies ( 29% ); Jewelry and watches ( 26% ); Apparel and accessories ( 25% ); and Books or audiobooks ( 23% ). after Google, accounting for 25.2% Brand Content is a Key Driver in Inspiring Social Purchases.
Gucci: The weight on Kerings shoulders Gucci remains Kerings most significant brand, accounting for nearly 50 per cent of group sales and two-thirds of profits. The lack of compelling storytelling, a weak marketing strategy and an unconvincing debut collection left many questioning the brands creative direction.
That growth rate looks likely to continue, with the overall secondhand market projected to double in the next five years, reaching $77 billion in annual sales by 2025. The findings of the ThredUP report support this: more than 40% of Millennials and Gen Z have shopped for secondhand apparel, shoes or accessories in the last 12 months.
By all accounts, Foot Lockers latest fiscal report shows that the Lace Up plan slowly but surely has been taking effect. Similar to how brands like Coach, Milani Cosmetics and American Eagle have been teaming up with female athletes to tap into the power of uplifting marketing initiatives, Foot Locker is making a similar move.
Rollup firms are typically able to buy these Amazon businesses at anywhere from 4X to 6X EBITDA, sometimes less, according to Thomson: “As long as you manage to keep the same efficiency that any one of those accounts had when they were a standalone, you can get a 15X to 25X valuation on your company. There is massive financial arbitrage here.
Dubbed “Lay’s-Branded Bag”, the accessory made its debut at Paris Fashion Week and is an official collaboration with US chips company Lay’s which promoted that bag on its social media accounts. On Lay’s official Instagram account, user @staterbros comments “It’s on fire!”. pack of chips.
According to the United Nations Environment Programme , fashion accounts for up to 10 per cent of global carbon dioxide output – more than international flights and shipping combined. Greenwashing is when a company claims to be environmentally aware, but only for marketing purposes. What is greenwashing? Green or greed?
This was particularly painful, given Lululemon’s roots in yoga and its marketing theme of a healthy and ethical lifestyle. Neither has it bothered the share market. One obvious answer is for the companies to set less ambitious and clearly achievable and verifiable goals, and to lower the marketing intensity of ESG/DEI.
Repeat customers accounted for 46 per cent of gross revenues with a higher average spend per order. The brand is also planning to launch a beauty category to expand the company’s market in the hope of becoming the world’s leading online luxury destination.
The Amazon Basics label, for home goods and tech accessories, also will be sticking around. Still, the private label business only accounted for approximately 1% of Amazon’s total retail sales, according to the company, a far cry from the 10% that Founder and former CEO Jeff Bezos targeted when the private label business first launched.
According to Future of Delivery Report 2022, in the next five years, Asia Pacific will be the largest regional parcels market by value, accounting for around 42 per cent of a global market. The post Shippit, Uber team up to offer one-hour fashion deliveries appeared first on Inside Retail.
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