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Following the bankruptcy of Quiksilver store operator Liberated Brands earlier this month, Quiksilver owner Authentic Brands Group has moved swiftly to ensure that Quiksilver-branded apparel is still available to consumers. and Canada.
The department store chain noted incurring higher employee costs, higher support office costs related to a new marketing agency and a separate investment in transformation capabilities. ” During the period, Myer completed its merger with the apparel brands business of Premier Retail. Sales remained flat at $1.83
When you think about the types of businesses millennials and Gen Z consumers frequent, apparel or beauty brands may come to mind first, but what about home goods? Since entering the market, Parachute has raised over $47 million in venture capital.
Japanese apparel and homewares retailer Muji will launch its first Open Muji Food Market in Chatswood, Sydney on March 15 to 16, marking the debut of its Food Market in NSW. Last September, Muji launched a Food Market pop up in Chadstone, Melbourne.
Department store group Myer has proposed to combine its business with Premier Investments’ Apparel Brands, comprising Just Jeans, Jay Jays, Portmans, Jacqui E and Dotti. ” Apparel Brands has 717 stores across Australia and New Zealand, and generated revenues of $845 million in the last fiscal year. “The
Apparel retailer Accent Group the parent of Platypus and Hype DC, among other labels expects to achieve earnings of $80 million for the first half of the fiscal year. The post Apparel retailer Accent Group forecasts $80 million earnings appeared first on Inside Retail Australia. The group reported a 4.6
American Apparel is relaunching in Australia and expanding into New Zealand, releasing its new season range online online. “We will also be bringing our newest collections and styles of American Apparel to those markets and will be supporting the brand with our Craft the Culture campaign. .
per cent to $296 million and the Apparel Brands business, which includes Just Jeans, Jay Jays, Portmans, Jacqui E and Dotti, fell 6.4 “The last 12 months have highlighted significant future opportunities for each of Peter Alexander, Smiggle and the Apparel Brands,” said Solomon Lew, chairman of Premier Investments.
Myer’s acquisition of Premier Investments’ Apparel Brands appears to be the next step in Olivia Wirth’s plan for the department store’s loyalty program, Myer One. Wirth’s leadership has focused on in-store enhancements, customer loyalty, and curated brand partnerships, helping Myer adapt to and anticipate market shifts,” she added.
It estimates global sales of its apparel brands business to range from $405 million to $412 million and its underlying EBIT between $31 million and $35 million. The apparel brands consist of Just Jeans, Jay Jays, Portmans, Dotti, and Jacqui E.
A Robust Portfolio of Fashion Brands With a range of offerings including formal fashion from Brooks Brothers, casual apparel for younger consumers from Aropostale, outdoor apparel and gear from Eddie Bauer and everyday fashion for the whole family from JCPenney, Catalyst Brands will boast expansive reach across multiple market and customer segments.
Home appliances, dining and furniture (+ 17% ), general footwear and handbags (+ 13% ) and general apparel (+ 10% ) were the categories showing the highest growth rates on Black Friday in the U.S., Despite discounting throughout the weekend, Black Friday still remained the biggest sales day of the period. 29 was the peak sales hour.
A prospective backdoor listing and a marriage of convenience have enlivened end of financial year stock market prognostications. The marriage of convenience through a Myer acquisition of Premier Investments apparel brands portfolio is more likely to succeed.
If you don’t have your narrative set, someone else will tell your story, said Katie Welch, the chief marketing officer of Rare Beauty. Ross wanted to find a haircare brand that carried products suited to a wide variety of hair textures that were also marketed and presented in a quality manner.
If we let it, the voluntary administration of Mosaic Brands can show us the downside of having a large store network while the sale of Premier Investments’ Apparel Brands can show us the upside. The combination of Myer and Apparel Brands is transformational for our business,” said Myer’s executive chair, Olivia Wirth, in a statement. “If
Global apparel and lifestyle brand True Religion is expanding further across the U.S., The brand has continued to take a “selective” and intentional approach to new store openings and is using influencer-led omnichannel marketing campaigns and in-person activations that drive community. bringing its total store count to 51.
imposed tariffs on more than $350 billion worth of Chinese imports, impacting everything from furniture to apparel and footwear. In 2018, more than one-third of apparel imports flowing into the U.S. -China trade war of 2018-2019 offers a cautionary tale about the far-reaching consequences of tariffs. During this period, the U.S.
Carters will kick off the search for a new leader following the retirement of Michael Casey, who has held the Chairman and CEO titles at the childrens apparel brand for the past 15 years, capping off his three- decade-plus career with the company.
Newly formed luxury apparel-focused innovation venture P180 has acquired Sun Capital Partners majority stake in Vince Holding Corp. VNCE) , giving it a 65% stake in the retailer. P180 was co-founded by former Vince CEO Brendan Hoffman, who will become CEO of the brand again on Feb.
Schwartz co-founded StockX, a platform for buyers and sellers of sneakers, apparel, electronics and collectibles, in 2016 with Dan Gilbert, Josh Luber and Chris Kaufman. StockX saw rapid growth over the past five years as the company expanded into new categories, entered new markets and scaled to serve tens of millions of customers annually.
From high-end luxury brands like Balenciaga and Gucci focusing much of their stock offering on sneaker apparel to High Street stores like Walmart offering budget-friendly options, sneakers and sportswear is big business for brands. Yet stock is nothing without the right infrastructure in place.
With the advent of smart clothing and emerging technology, apparel is transforming into intelligent systems that offer a wide range of benefits beyond basic functionality and that redefine and simplify the manufacturing process for more sustainable options. With the ability to achieve a difference of 80.6
We are proud to introduce this line of apparel that honors the legacy of Ace Hardware,” said Kim Lefko, Chief Marketing Officer at Ace Hardware in a statement. Ace Hardware partnered with American Needle to create the apparel line, which have a retro look and feel to match the historic logos.
That is why Carters, the baby and childrens retailer behind Carters, OshKosh BGosh, Little Planet and Skip Hop , recently implemented a fresh direction and approach that spans marketing, product development and even store design. Reimagined marketing creative and campaigns that authentically demonstrate the new realities of modern parenthood.
Abercrombie House will feature merchandise for Super Bowl LIX alongside apparel for the Philadelphia Eagles and the Kansas City Chiefs who will face off the next day, Feb. On Saturday, Feb. 8 from 10 a.m. 9 as well as hometown team the New Orleans Saints. in a statement.
The CEO recollected that it started with a problem that I came across with home decor, which was finding a premium brand at an affordable price point that had a different approach to content and marketing, yet aligned to my values. Previously, it used an Australian shipping company, which led to delays. Whats next for Hommey?
Launching in Walmart stores on July 16, 2024, the reimagined line features 130 pieces spanning women’s clothing and intimates, men’s apparel, shoes and accessories, with 80% of the items retailing for less than $15 and many pieces for just $5. Fashion Brands in a statement. “We We have 145 million U.S.
Lifestyle retailer DTLR and footwear and apparel chain Shoe Palace both owned by JD Sports will deploy mobile POS and inventory orchestration solutions from Jumpmind across their combined 450 stores in the U.S. The UK-based JD Sports acquired Shoe Palace in December 2020 and DTLR in February 2021 as part of a push into U.S.
We wanted to ensure our Roblox update would create strong reach and impressions for our target youth market,” the Clarks marketing team said in a statement to Retail TouchPoints. Clarks has seen “incredible success” on the platform, according to the brand’s marketing team, generating the following results: 16.2+
Apparel brand The Upside has partnered with fitness franchise Strong Pilates to launch a sustainable activewear collection. The post Apparel label The Upside partners with pilates chain in sustainable collection appeared first on Inside Retail Australia.
That’s changed the look of both marketing and the products retailers sell. For example, Walmart recently relaunched its $2 billion No Boundaries private label apparel line with styles, sizes and features specifically designed to appeal to Gen Z consumers. Now it’s the inversion.
John Ferdinand, who heads the anti-counterfeiting team at intellectual property (IP) management firm Marks & Clerk , said that in the European Union (EU) alone, the apparel industry loses approximately 12 billion ( $12.48 billion ) annually to counterfeiting, equating to approximately 5% of all clothing sales in that market.
And while the retailer has embraced ecommerce, its focus hasn’t wavered from providing an experiential, discovery-oriented in-person shopping experience for a wide range of product categories including apparel, décor, beauty and gifts. And then it’s about finding the best location: is it the best shopping center in that market?
Full-fledged fingerprinting around the internet is depreciating, and marketers and customers alike will soon notice, particularly in the retail and ecommerce space. With today’s emphasis on privacy, third-party cookie deprecation will inevitably impact your brand, marketing strategy and customers.
But as ThredUp ’s 12th annual Resale Report shows, the need for a hard sell is over — consumers of all ages have clearly bought into the idea, with secondhand apparel sales growing 15X faster than the broader retail clothing sector in 2023. In the U.S. In the U.S.
The company sells through two complementary segments: Revolve, which is focused on premium apparel, footwear, accessories and beauty products; and FWRD, which offers a curated assortment of well-known and emerging luxury brands. following its debut in Canada, Australia and New Zealand. 14 to Jan.
year-over-year alongside gains in hard goods categories apparel ( 3.6% ), jewelry ( 4% ) and electronics ( 3.7% ). Solid spending during this holiday season underscores the strength we observed from the consumer all year, supported by the healthy labor market and household wealth gains.”
The demise of the unattainable, airbrushed and aspirational model, and the movement towards a more realistic reflection of society in the intimate apparel retail sector, is not merely a trend, it’s a new way of doing business. It was valued at US$200 million in 2022.
Orlando locals and visitors can now browse an extensive assortment of Disney and Marvel licensed apparel and plush toy collections featuring beloved characters including Mickey and Minnie Mouse, Spider-Man, Stitch, Dumbo and more. The Orlando store uses early and exclusive access to collections to draw customers in. Our strategy in the U.S.
Canadian activewear brand Lululemon Athletica aims to double its business through category, retail and market expansion and product innovation. And then globally, we’re now in over 26 markets with single-digit market share, and we have a unique position in almost every market we compete in. How big can it get?
Image courtesy Tubi Television is rapidly transforming into an interactive marketing platform that can effectively influence consumer behavior from initial awareness to final purchase, said Glenn Fishback, CEO and Co-founder of Shopsense AI in a statement. Shoppable integrations are the next frontier for ad-supported streaming services.
It’s not easy to be a mid-market retailer in Australia right now. There is increased competition from e-commerce players, the local market and major international brands. Our numbers continue to get better and better when technically the market remains challenging. We’re a mid-market Aussie retailer.
Tosha Hays Tosha Hays, EVP of Sourcing and Product at Venus Fashion , a trendy womens apparel brand with a focus on swimwear, began providing AI tools to her team about two years ago, but the learning curve has never really flattened out. Even in the mid-tier market take the example of leggings.
.” The campaign showcases the dedication required to become a champion through rigorous daily physical and mental training, while highlighting the latest men’s training apparel, including the brand’s Metal Vent Tech franchise.
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