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Why would the owners of Selfridges, generally considered to be the world’s best departmentstore, decide to sell the business? To a far greater extent than most other departmentstores, Selfridges has embraced an experiential retail strategy that many industry leaders see as key to the sector’s survival. billion (AU$3.72
Well, at least that’s what Boohoo Group CEO Dan Finley hailed this morning after unveiling its bold rebranding. It’s an ambitious move, but can a marketplace model designed for variety and convenience truly revive flagging fast-fashion brands in a market flooded with competition? Debenhams is back.
Just in time for New York Fashion Week, the iconic, now defunct luxury departmentstore Barneys New York has made its return to fashion, albeit not in a way that many of the brand’s devotees would have imagined. Fastfashion retailer Forever 21 has released a limited-edition collection featuring the Barneys brand.
The fashion group has been battling with plunging profits and weak sales over the past couple of years, reporting in its most recent half that revenue dropped 15% to £620m. Finley, who will continue to run Debenhams in his new role, is no stranger to the world of ecommerce having spent a decade as group multichannel director at JD Sports.
At the same time, the rental and fastfashion sectors are expected to remain relatively flat, and departmentstores, value chains and mid-priced specialty retail will lose ground. When I started working at the company about 10 years ago, businesses like ThredUP were the vanguard for resale,” he recounted. “The
Mosaic Brands is seeing positive results from the implementation of a digital departmentstore strategy across several of its core apparel brands, including Noni B, Rivers, Millers and Katies. Mosaic’s departmentstore move isn’t exactly unique in the fashion industry. Leveraging loyalty.
For once, departmentstores are leading a retail sales recovery instead of lagging it. In Japan, the Ministry of Economy, Trade and Industry (METI) reports that retail sales in the first quarter amounted to 39,781 billion yen (about $434 billion at current exchange rates), up 6.5 Supermarkets (5,921 stores) gained 1.8
At the core of this comeback, malls of today are responding to the evolving expectations of shoppers with sustainability, experience and personalization. A Tailored Retail Experience In the era of mass production and fastfashion, personalization has become a key element in attracting and retaining visitors.
People love and trust the brand for intelligent fashionable quirky and affordable end-to-end solutions for home products. Ikea has certainly earned credibility to pursue it,” said Nicole Miranda, head of client services at ad agency Spinach. “Or it could just be stunt for publicity or to test the waters!”
Fast-growing Australian online retailer Canningvale plans to relaunch the iconic Singaporean departmentstore Robinsons as an online-only business this month after acquiring the company’s digital assets for an undisclosed sum. Some of the brands have a history with Robinsons, while others are new to the departmentstore. .
We’re trying to keep that customer over 40, but we’re trying to go back to our younger customer as well,” Preis said during her session at CommerceNext’s Ecommerce Growth Show , held June 20-21 in New York City. We are not a departmentstore, so we’re not forced into merchandising certain product categories together,” Preis explained.
Fulfilment by GlamCorner now sees the platform handling the logistics of clothing rental on behalf of fashion brands, including warehousing, cleaning, shipping and returns, and giving brands their own rental stores, which they can embed in their e-commerce sites and promote to customers.
Additionally, congestion at the Port of Shanghai, the largest port in the world, appears to be easing. The average waiting time across all vessel types, including tankers, bulkers and containers, at Shanghai has reduced to 28 hours, which is down considerably from its peak average waiting time of 66 hours during the lockdown in China.
Japan’s Ministry of Economy, Trade and Industry said there were 210 departmentstores in Japan at the end of 2019 but attrition in the ensuing three years reduced that number to just 192 by the end of 2022. Both the Takashimaya and Tokyu stores were luxury-focused, and had been a fixture of their neighbourhoods for decades.
Major departmentstore, tick. Global fast-fashion retailer, tick. These include Sweetgreen test kitchen, Van Leeuwen’s homemade ice-creamery, rooftop restaurant Margot with sweeping views of the city and the beautiful Bianca bakery at the base of the car park. Supermarket giant, tick. Cinema, tick.
Posting on LinkedIn on Wednesday, Gabriel Bastien-Dietrich, the company’s general manager of American sportswear, said: “Very exciting times at True Alliance as [group head of digital] Ken Kennedy and his team prepare for the official launch of the brand new #GapAustralia website.”. Global store closures.
The space is the upper level of a three-level empty box, the two levels below having been left by upscale departmentstore Bloomingdales , which closed in March 2021. It sits at the top of Third Street Promenade, a famous shopping, food and entertainment strip. These were underperforming stores that Covid gave a final push.
As the Minister said, our stores are fit for a queen,” Scott Fyfe, David Jones’ CEO, said at the partnership’s launch in Sydney on Tuesday. Looking to the future Fyfe stated that David Jones has been at the forefront of innovation for 186 years, “constantly redefining what it means to shop in the retail environment in Australia”. “In
The following is a contributed article by Vivian Yu, Data Analytics and Operations Intern at Quad Analytix. Here at Quad Analytix, our data extraction and analytics capabilities can be used to answer these questions and gain deeper insight into merchant behavior patterns and industry trends. Athleisure. Bomber Jackets.
New ultra fastfashion competitors like ASOS and Boohoo entered the market and did what Forever 21 did but better. Not only are these retailers fast to market with their trendy designs they are also skilled eCommerce operators. In the 2000s the internet met fastfashion, and a slew of new competitors began to emerge.
But, he said the event’s success can only be determined at the end of the Christmas trading quarter. “We Other brands, like ethical and sustainable knitwear brand Mia Fratino, chose to shut its online store for the second consecutive year. We are optimistic about pre-Christmas trading, anticipating a $63.9
I was a consultant at PwC in London before that, which gave me a strong foundation in how to approach business and strategy, but ultimately my short tenure there also made it clear to me that building my own thing was the way I needed to take my career. GG: We increasingly see consumers looking to be more conscious in how they shop.
In a crowded market like the home fragrance category, where everyone from fastfashion and beauty brands to discount departmentstores and pharmacists are selling candles, it’s near impossible to create and retain cut-through, much less develop an iconic brand synonymous with luxury and quality like 60-year-old Parisian brand Diptyque.
It is the latest in the back and forth between the pair, which have spent the last six weeks in a public battle as Frasers seeks to oust its leadership team and install its own representatives at the helm. and an 8% fall in sales in the first half. What’s happened so far? to £147.3m
"These zones offer secluded and playful spaces for visitors to enjoy, making a visit to Moniker about more than a simple transaction, but rather an immersive experience counterpointing fastfashion and the standardisation and predictability of traditional departmentstores," Snøhetta explained. "As
You might not get the glam of a trendy big-city mall; there are no fastfashion retailers here, no H&M, no Zara. In fact, there are hardly any fashionstoresat all, and that’s partly the point. A closer look at the Big C model. That includes Sisaket. billion in 2021, down from THB 100.1 billion in 2019.
As the year comes to an end, Retail Gazette looks at some of the biggest stories that rocked the sector over the last 12 months. The news came a month after White said that her big five-year plan that she promised would deliver £400m a year in profits at the departmentstore and grocery group would be delayed by two years.
Zara x Barbie Zara’s dreamy Barbie collection dropped at the beginning of the week, with some products selling out within hours of going live. The impressive 60-something-piece range spans across all of the retailer’s departments from clothing and accessories to homewares and stationery.
With the growth in online retail seemingly a trend that will outlast the end of lockdown restrictions, we look at how this relationship has evolved over time and what the future holds for retailers and influencers. High street retailers and fastfashion brands originally dominated the influencer partnership space.
A generation that sees shopping as binary: “I want brand X, therefore I need to shop atstore Y”. The first generation to be born into ‘Internet of Things life’, Millennials are influenced by both those seated at the dinner table, and their peers on socials. Gen Z are the cool kids’ table down at the local café.
They think, ‘Oh, I’ll just go to a departmentstore.’ JW: We’ve gone through a brand building exercise to fuel that brand awareness at the top of the funnel so that people can ultimately become customers. If you look at the stock market, it’s a little bit of a choppy time.
This strategic investment was aimed at bolstering Nobody’s Child’s growth and sustainability efforts while allowing M&S to offer more eco-friendly fashion options to its customers. “This dynamic pushes both teams to excel, offering customers a diverse and inclusive fashion experience.
“Yes, right out of school I was fortunate to work for a designer that had his start as a visual merchandiser for a large departmentstore in Detroit. My first job in the retail design segment was with the DeBartolo Company who at the time was the largest shopping mall developer in the world. “I Footwear departmentat Kmart.
As the pair continue to build their empires, Retail Gazette looks at what businesses the two groups own and their timeline of acquisitions. Former-JD Sports fashion brands Acquired: February 2023 At the start of the year JD Sports formally completed the divestment of non-core UK fashion brands to Frasers Group.
An old TopShop store in north London’s Brent Cross shopping centre has been revived after two years of sitting empty since the fastfashion brand closed down. It’s now a vibrant pop-up departmentstore selling pre-loved clothing organised collaboratively by 10 charities.
I can’t believe how fast 50 years have gone. As they say, if you love what you’re doing, you’re not spending one day at work. Of course, we don’t carry shoes or bags, but at the moment, everything’s about the right shoes and the right bag. The women in the street, in the shops, at the hairdresser.
Welcome to this column within our broader sustainability section which focuses on what fashion retailing is doing to address the issues in its industry. From fur farms to fastfashion, excess packaging to plastic coat-hangers – this is where the real action is. I don’t mind disrupting it at all,” she says.
Mickey: [2:50] Well I say I’m a retailer and I leave it at that, no reason to go further sometimes people after the fact say gee I didn’t know you are who you are and cetera but if they want to know then maybe answer some specific questions, but I don’t give them my resume. 7:35] And so I decided when I got to Ann Taylor. [7:39]
2023 Predictions Recap Jason : At least 2 retail bankruptcies (besides Party City) Yes BNPL Consolidation (Klarna, Affirm, Afterpay. Sezzle) – at least one merges/exits US or BNPL. 2024 Predictions Jason : Retail Media Networks go In-store. Temu US gets to at least 75% of target US E-Com. Shein successful IPO.
She spent 18 years at the fastfashion retailer, joining as a womenswear buyer in 2006 to 2013 before being promoted to head of marketplace from 2017 to 2024. Hunt has played a key role in growing Asos third-party business across mens and womens wear, Drapers reported.
According to key findings, at the current rate, it would take 75 years for all companies to pay a living wage at a minimum of one factory each, and 30 years for all companies to achieve traceability of more than 75 per cent on raw materials and fibre producers.
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