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Since its founding in 1999, Iroo has set itself apart in the fashion sector by offering new collections weekly rather than following the industrys standard seasonal drop. Inside Retail : How has the Taiwanese fashion market changed since Iroo’s inception? IR: Which markets do you see as the most promising?
As it becomes harder to navigate uncertain markets and the ever-evolving consumer sentiment, Burberrys recent turnaround offers valuable lessons for those seeking good sustainable success in 2025 and beyond. Burberry gained a lot of traction with high-net-worth, fashion-forward clientele. But cracks soon appeared.
A confluence of economic, geopolitical and cultural headwinds is prompting luxury consumers to reassess not only how much they spend but why they spend at all. Saks Global’s survey of affluent consumers, conducted in late April this year, reveals the sharpest drop in economic sentiment since tracking began two years ago.
Key Takeaways Diverse Opportunities: The fashion industry offers various business ideas like sustainable clothing, personalized styling services, and online boutiques, allowing entrepreneurs to explore their passion and creativity. Are you ready to dive into the vibrant world of fashion entrepreneurship?
It’s more than a clever portmanteau; it is a cultural signal, capturing a pivotal transformation in how luxury is imagined, staged, and consumed today. This fusion matters now, more than ever, because the luxury consumer has changed. Dior’s Galerie Dior in Paris transforms the fashion house into a museum of memory.
The odd one out Last week, LVMH reported a 3 per cent fall in sales for the third quarter, which the company attributed to China’s weak consumer confidence. Fashion and leather goods fell 5 per cent to €9.15 The company has posted a sales increase of 11.3 billion, while watches and jewellery dropped 4 per cent to €2.39
Founded by leading Australian fashion designer Camilla Franks in 2004, the eponymous apparel and accessories brand has been taking the world by storm with its aesthetic approach to bohemian-inspired designs. The veteran fashion founder mused: People often remark how difficult it can be to stand out in New York.
The term 1-per-center refers to the wealthiest 1 per cent of consumers. Which is why Mytheresa North American president Heather Kaminetsky said the ultimate secret to catering to the 1 per cent consumer is offering them the one thing money can’t buy: time. “I What is the 1-per-cent customer looking for?
However, for as much fiscal opportunity as there is within this market, the reality is that it is an extremely hard field to play in when considering shifting legal guidelines of cannabis production and distribution per state and shifting interests of the modern-day consumer. People consume cannabis for lots of different reasons.
In a competitive market, where consumers are bombarded with choices, a meticulously maintained display can be the differentiating factor that draws customers in. By ensuring that displays are consistently updated and well-kept, retailers can maintain the integrity of their products and foster a sense of trust with their clientele.
To cultivate this shift, luxury fashion houses have increasingly invested in pop-up activations, ephemeral restaurants, and concept-driven cafs. A Bridge to Aspiring Consumers Historically, luxury brands have curated an air of exclusivity, limiting access to a select clientele.
So, why are luxury brands partnering with casinos to attract this coveted clientele? Access to a Wealthy and Exclusive Customer Base High rollers, those who wager substantial amounts of money, are exactly the kind of consumers luxury brands want to attract. Heres a closer look at the driving forces behind this growing trend.
Trendy Names Chic & Shine : This name reflects a modern, stylish vibe, perfect for capturing the attention of fashion-forward clients. A name like “Hip Hair Haven” might appeal to younger clientele seeking trendy styles, while “Classic Cuts Salon” may attract a more mature demographic.
While consumer spending might be slowing as a whole — the National Retail Federation’s most recent analysis showed the year-over-year increase in consumer spending dropping from 4.2% But embracing office attire doesn’t mean sidelining personal style, and this is where clienteling capabilities are even more relevant.
Consumers are becoming increasingly mindful about sustainability when it comes to shopping habits, and luxury retail is responding by investing in sustainable initiatives that will protect the environment while still allowing them to continue delivering luxurious items.
Fashion brand Farage has launched a five-story concept store in Sydney, as it marks its 25th year in the industry. The second-floor facility, elevated above Riley Street and outfitted with big private fitting rooms, will host intimate styling sessions for bridal parties, top-tier clientele, and celebrities.
Consumers can directly search the Borrow collection or discover items available for rental browsing the website. Following the early 2020 launch of its clothing rental service in France, ba & sh has expanded Borrow on Ba-sh.com to the U.S. Those available for rental in the selected size and color will display a “Borrow” button.
Celebrities and international crowds have descended on the French capital, marking the fashion industry’s sweeping return as it rides a post-pandemic spending frenzy. ” A glimpse of Issey Miyake’s Spring-Summer 2023 women’s ready-to-wear collection show during Paris Fashion Week. Source: Reuters.
We know one of the most critical ways brands connect with consumers is via social media. As one of the fastest-growing forms of communication (the average annual growth rate amongst consumers on social platforms is 7.2%), brands would be remiss to ignore this relatively low-lift form of engagement. In fact, there are now roughly 3.78
Luxury accessory resale site Rebag and online resale platform ThredUp have announced a multi-faceted partnership to bring their clienteles closer together and enhance both companies’ circularity efforts. Additionally, ThredUp customers will now find a range of luxury handbags from Rebag on Thredup.com. ” . ”
It is the beginning of a great journey and a stronger focus on PR and marketing for the first time in Australia, and will allow us to reach a broad new audience while engaging existing clientele, with the exciting new offerings and wide range available. Are there any specific countries or regions within Asia Pacific that are being targeted?
Once reserved for an ultra-affluent clientele with disposable income to spend on shopping trips in the world’s most fashionable cities, the luxury category is undergoing a significant transformation. Luxury brands must identify virtual tools that will relay their stories authentically for their discerning clientele.
Mastani has been part of the Australian fashion landscape for six years but its Australian Fashion Week (AFW) runway debut cemented the brand as a force for change. Mastani has earned a reputation for designs that bridge cultural heritage and contemporary fashion to express the multifaceted modern female identity.
On July 1 Australian women’s apparel retailer Witchery unveiled its rebrand – only for consumers to learn that it had reduced its plus-size offering from a size 20 to a size 18. Body image isn’t a trend But the decline in body diversity within the Australian fashion industry goes well beyond Witchery’s latest ‘Bold Awakening’.
Australian Fashion Week is around the corner but Melbourne-based designer Emily Nolan will be nowhere insight: “I don’t think it speaks to the heart and soul of the rag trade,” she told Inside Retail. This inclusive ethos doesn’t align with the invite-only nature of fashion weeks. questioned Nolan. “I
My love for fashion began when I was five years old. Since then, I’ve always kept my finger on the pulse when it comes to fashion and I’m always thinking about how to make the latest fit in with me as a veiled woman. I am a proud Muslim veiled woman and I love helping other veiled women find confident in themselves through fashion.
Tastemaker and entrepreneur Eva Galambos first opened the doors to her luxury multi-brand boutique Parlour X in 2001 in Sydney, when she began introducing major international labels to Australian consumers, from Balenciaga to Vivienne Westwood. . Most importantly, a great buyer must have a keen eye and acute sense for fashion.
We already use Stylyze today through our clienteling tool, NM and BG CONNECT, allowing us to provide outfit styling as well as other applications to assist our selling associates and provide our customers with a personalized luxury experience.
Liz Fraser is the brand president and CEO of Kate Spade New York and has had an extensive career in designer fashion. We continue to increase the use of our clienteling platform to connect our customers with our stylists, spur repeat purchases and help deliver a more personalised experience. Handbags are still our bread and butter.
In Australian fashion, few names are synonymous with timeless elegance and versatility like Viktoria & Woods. This year is shaping up to be one of many milestones for the brand, as it marks its 20th anniversary and solo show debut at Australian Fashion Week in Sydney in May. I like to be quite put together. I knew what my gap was.
The centre features a grooming salon with self-service options, a full-service veterinary hospital, a curated mid-tier and high-end merchandise assortment, a cafe specifically designed for a canine clientele, and more features to serve the needs of man’s best friend and their owners.
As homewares buyers from around the world descended on Hong Kong over the weekend, exhibitors hoped their sharper focus on sustainability and products geared to consumers embracing the Covid-born work-from-home trend would populate the order books. Some of the things we make for Hong Kong consumers are quite useless, but they are fun.
Drawing inspiration from iconic French fashion houses, the new branding is designed for use across all touchpoints, ensuring a cohesive brand experience. Opalescent ombre sheets provide a light and fresh feel, while neon lighting and pastel seating add a touch of modernity.
New research from Scandit , a specialist in smart data capture, reveals insights into the changing omnichannel expectations of today’s fashionconsumer and how retailers can respond to keep the physical store alive. Delivering on customer needs via technology . Technology can solve some of these challenges.
In Australian fashion, few names are synonymous with timeless elegance and versatility like Viktoria & Woods. This year is shaping up to be one of many milestones for the brand, as it marks its 20th anniversary and solo show debut at Australian Fashion Week in Sydney in May. I like to be quite put together. I knew what my gap was.
This approach is used by Matches Fashion at its London store. Clienteling technology like Tulip offers retailers flexibility as they can continue messaging customers once they have left the store. It’s no longer a given that retailers actually have to dedicate store space to hold stock.
Renowned for creating high-quality, durable headwear, internationally acclaimed brand, Stetson, create headgears for all lifestyles; whether it’s authentic Western wear, country-style outdoor fashion, timeless classics or modern streetwear.
The integrated offering of ‘Buy, Sell, Restore, Authenticate’ will enable its Yorkshire-based clientele to enjoy fashion more consciously by prolonging the life of their luxury handbags, shoes, luggage, and leather clothing whilst boosting the region’s circular economy through its pre-owned resale service.
Chief executive Tennealle O’Shannessy told Inside Retail in March that its leading Beauty IQ podcast had passed 1 million downloads and ranked the number one fashion and beauty podcast in Australia. Adore Beauty has had much success to date now with three highly rated shows. million views and now has over 20,000 subscribers.
Following a pandemic-induced pause in its brick-and-mortar retailing, women’s workwear retailer Argent has opened a store in NYC’s SoHo neighborhood that brings community and commerce together with a combination of appointments, networking events and free-flow spaces for consumers to work and gather. We’ve never seen demand like this.
While the everyday consumer has become pri c e-sensitive with the growing costs of living in the US, the 1 per cent is still spending – to a point where the luxury shopping market has become more competitive than ever. per cent between 2024 to 2028, with luxury fashion making up the largest segment at an estimated market volume of US$115.9
The great thing about this industry is that it’s truly at the intersection between centuries-old industrial processes and cutting-edge new technologies, and the consumer tells you very quickly if they agree with you or not. Bale became Australia’s first carbon-neutral fashion brand. IR : In 2021, M.J. Why do you think M.J.
In fact its popularity is, like all fashion trends, somewhat cyclical – and the application of modern technology to it is giving high-end brands a way to engage audiences that are hungry for personalisation. In this context, custom embroidery creates a tangible connection between the brand and its clientele.
A rise in environmental consciousness among consumers and the cost of living crisis has enabled pre-loved and second-hand fashion businesses like Vinted to start making profits. However, this has not stopped the fast fashion industry from also continuing to grow, with brands such as Shein announcing international expansions.
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