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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. Current CEO Scott Cutler, who was one of the company’s earliest investors and advisors, will step down but will remain through 2024 to help ensure a smooth transition.
Michelle Wlazlo, formerly the Chief Merchandising and Supply Chain Officer of JCPenney, has been promoted to Brand CEO of JCPenney. The retailer also joined the Bazaarvoice Visual Syndication Network in September 2024 and launched an adaptive apparel line in partnership with disabled writer and athlete Jamey Perry.
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. Incremental price increases on inelastic goods can protect margins, while promotions on elastic goods can sustain demand.
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. However, the first-half trading gross margin declined by 100 basis points compared to the previous year, attributed to the ongoing promotional trading environment.
The receivers and managers of Mosaic Brands Group announced the closure of the apparel brand on Thursday. Sale events and promotions will be run in all stores, and the timing of individual store closures will depend on stock levels. The shutdown will impact 136 Rivers stores and approximately 650 employees.
In the apparel vertical, the stakes involved in making accurate product forecasts have always been high. Needless to say, the disruptions stemming from COVID-19 have made apparel forecasting that much harder. Needless to say, the disruptions stemming from COVID-19 have made apparel forecasting that much harder.
Mountain bike apparel startup, Norman, has unveiled its first range of sustainable and ethically-produced clothing that combines “support and utility with a modern minimalist aesthetic”. Norman’s sustainable bike apparel range is available at SRP between $89.95
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.,
A multi-channel promotional campaign and consumer website will launch in August. The post Australian Fashion Council unveils trademark for Aussie apparel appeared first on Inside Retail. Brands can apply to use the trademark online.
year-over-year alongside gains in hard goods categories apparel ( 3.6% ), jewelry ( 4% ) and electronics ( 3.7% ). Also in line with expectations, consumers sought out value this year, reported Mastercard, with promotions driving sales throughout the season.
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.
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.
As expected, promotions played a major role in setting the pace of the latter half of the season, with an average discount rate of 21% in 2022 compared to 19% in 2021, according to Salesforce. Promotions hit their peak during Cyber Week, when the average discount jumped to 30% in the U.S. By comparison, electronics saw a 1.4X
The value-priced apparel retailer also named Peter Sachse, currently Executive Chairman of the Board, as Chairman. Citi Trends has named Ken Seipel as its new CEO, a job he has held on an interim basis since June 2024.
Johnson, who previously led Patagonia’s technical outdoor business, will now oversee the apparel and equipment divisions. Prior to his time at Patagonia, he was President of Black Diamond and volunteered as a legal intern with the ACLU of Utah.
Walmart will adapt to what is shaping up to be an extended holiday season by spreading out its Black Friday promotions across three events that will span most of November. The promotion will coincide with Walmart’s annual Tire Event, which runs Nov. The first Black Friday Deals for Days event will begin online Nov.
In order to promote their commitment to ethical sourcing, fashion brands must prioritize traceability. Technology that enables supply chain traceability offers a great starting point for fashion businesses to promote ethical sourcing. Mark Burstein is EVP, Industry Principal at Logility.
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 Difficult, but not impossible. Does this trend make fighting counterfeits more difficult?
Beginning now with accessories, to be followed by suits in April, the collection from Perry Ellis and its subset Cubavera will feature versatile, fashion-forward apparel designed to celebrate moments from parties to weddings and other special occasions even looks for the honeymoon.
Ultimately, we knew this collab between an iconic apparel brand and a popular IP would appeal to the platform’s Gen Z and Alpha players,” Edelman said. A longer-term goal is to drive sales of physical shoes from the Clarks X Stranger Things collection, using the game as a vehicle to drive purchase consideration.
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.
A Tale of Two Retailers Hayman also contrasted two apparel retailers and their overall approach to sustainability. While H&M seemed to be supporting green goals when it promoted its Loop recycling initiative , only a fraction of the three billion garments the vertical company produces each year are actually recyclable.
Retailers can use this information to create unique promotions in real time. They also can use gen AI to tailor email subject lines, product recommendations and compelling narratives according to the customer, or design personalized on-site promotions such as banners, pop-ups and product recommendations.
Gamified Promotions That Drive Repeat Visits Gamification works because it taps into your customers natural desire for rewards and fun. This model works particularly well in sectors such as beauty, health, or apparel, where replenishment and trend cycles are frequent.
Wholesale revenue fell 12 per cent, and direct-to-consumer sales decreased by 8 per cent, driven by a planned reduction in e-commerce promotions. By product, apparel sales dropped by 12 per cent, footwear by 11 per cent, and accessories rose 2 per cent. However, the company’s gross margin improved by 200 basis points to 49.8
has promoted Deniz Anders to SVP and Chief Marketing Officer, and appointed DICK’s Sporting Goods senior executive Nina Barjesteh to the role of President of Nordstrom Product Group. Anders’ promotion follows the retirement of Scott Meden, which was announced earlier in 2022. Nordstrom, Inc.
Sporting goods retailer Salomon has promoted Guillaume Meyzenq to CEO, effective January 1. Over the years, Meyzenq held several leadership roles at Salomon including SVP for footwear and bags, VP for footwear, and business director for EMEA apparel and footwear. Meyzenq is currently the company’s chief product officer.
.” 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.
Consumers love to find a bargain, and promoting discounts and sales is a central tool in retailers’ arsenal to drive sales and traffic. An effective strategy is to rotate which items are on sale; Consider offering volume discounts, or implementing buy one get one free/discounted (BOGO) programs; Utilize winback promotions (i.e.,
Apparel sales grew 2.4% Retailers started promotions early this season, giving consumers time to hunt for the best deals and promotions,” said Steve Sadove, Senior Advisor for Mastercard and former CEO and Chairman of Saks Incorporated in a statement. Spending at restaurants saw a significant jump, increasing 7.8% respectively.
Online marketplace Redbubble says strong apparel sales across both of its marketplaces delivered a solid result in the first half. Promotional initiatives improved the proportion of revenue from repeat purchases, which increased 47 per cent during the half. As reported last month , the company’s marketplace revenue (MPR) reached $289.3
This figure includes the loss of local retail businesses, such as apparel retailer Elyse Walker’s flagship location in the Pacific Palisades, which have burned down entirely, and the disruption of national businesses like Nuuly, which have paused operations in Los Angeles for the foreseeable future.
Retailers will need to adapt by promoting products that resonate with consumers seeking value. Changing seasonal trends Traditionally, the final quarter sees spikes in categories like apparel and electronics. However, this year, spending is expected to be more evenly distributed rather than peaking in November and December.
In 2020, more than 350 retailers promoted their own sales alongside Prime Day, a 17% spike from 2019, according to research from RetailMeNot. The retailer is planning discounts on hundreds of products both in stores and online across the home, toys, beauty and apparel categories, with new deals launching each day.
Promotions are expected to hit record highs as retailers seek to manage inventory levels and draw in price-conscious shoppers. Heavy promotions are expected to impact margins but attract enough customers to maintain growth. Apparel also will be an important category, bringing in $40.7 billion in sales, up 2.8%
Ebay ’s spending spree is continuing with the acquisition of Certilogo , a provider of digital IDs and authentication tools for apparel and fashion goods. “Ebay pioneered recommerce, while Certilogo pioneered connected products and consumer-facing digital authentication. .
Shifts in consumer behaviour towards big promotions presented challenges to margin integrity, as Krista Diez-Simson, CFO of Taking Shape, pointed out. Though promotional cycles were a boon for sales, Diez-Simson said that managing the tension between cashflow and margin became her biggest challenge in 2024.
Foot Locker has promoted its current EVP and CEO-North America, Franklin Bracken, to be the retailer’s first-ever COO. The apparel retailer also has created a new Chief Strategy, Innovation and Development Officer role and begun a search for someone to fill the position.
That has knocked retail sales, which are under pressure even as major vendors like Alibaba and JD.com dole out promotions and discounts. China’s Singles’ Day sales period, a nationwide sales promotion event typically seen as a gauge of consumer sentiment, ran from October 14 to November 11 this year, 10 days longer than last year.
In retail, womens apparel brands, such as City Chic, Forever New, Lorna Jane and Decjuba, bore the brunt of the criticism , since they had above-average pay gaps even though their workforces and customer bases are largely made up of women. What are organisations doing to provide promotional pathways for women?
7 For All Mankind is helping customers in Brazil find their perfect fit through the adoption of AI sizing technology that the denim brand hopes will boost sales and drive down return rates, while promoting less waste in the apparel industry. The brand has implemented the MySizeID solution from MySize Inc.,
The general Deals page features promotions and markdowns in a range of top holiday categories — including apparel, electronics, toys and beauty — from a wide variety of merchants, ranging from big-box stores and multi-brand retailers to DTC brands and local stores.
24, David Baxter will be promoted to President of the Americas, succeeding Stephanie Pugliese, who is stepping down and leaving the company; and Mehri Shadman has been appointed Chief Legal Officer and Corporate Secretary as current Chief Legal Officer John Stanton retires after 16 years with the company.
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