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The global retail industry was transformed overnight as stores were forced to close or severely limit in-person shopping, supply chains were disrupted and consumers faced unprecedented levels of fear and uncertainty. Our direct-to-consumer (DTC) site helped us connect directly with customers and iterate fast.
Consortium Brand Partners (CBP), a consumer-focused investment manager, has acquired a majority ownership stake in Draper James , the fashion and lifestyle retail brand founded by actress Reese Witherspoon. Financial terms of the deal have not been disclosed. ” Founded in 2015, Draper James is focused on its next era of growth.
Infant stage The department store industry is nascent in India since the format (as per the usual definition) does not exist yet, Selvane Mohandas du Mnil, managing director at International Association of Department Stores (IADS), told Inside Retail.
INTERSPORT has officially announced the global launch of its new football specialist store format, as it continues to pursue a personalised and hyperlocal approach that matches the needs of consumers in its 42 markets round the world.
By optimizing excess inventory management and partnering with off-price retailers, companies can distribute leftover products through a simplified process that creates additional revenue and reduces harmful waste — a proven win-win recipe for brand growth, customer loyalty and sustained success. How Is Excess Inventory Optimized?
It was a strong sign that these groups, as well as individual consumers, are frustrated with “rainbow-washing,” the LGBTQ+ equivalent of “greenwashing” that sees companies pay lip service to the community but seemingly abandon it when that support becomes problematic. Fielding: First, do that fearless self-inventory.
Here are five ways retailers can modify their returns practices to make a positive impact on their bottom lines: Direct consumers to physical locations to decrease costs; Automate actions that benefit the retailer. Direct Consumers To Physical Locations. Web site content must help consumers make good choices.
Specialtystores are often a part of small retail store businesses. Unlike department stores that sell a wide variety of items, specialtystores offer niche-specific products. According to a report , small specialty retail stores have a market size of $33.4bn in the US. between 2016-2021.
“We’re seeing more and more customers look for healthier options or specific dietary requirements in the main grocery aisles – they no longer expect to go down one dedicated aisle to find these options,” Coles general manager for grocery, Leanne White, said. The post Can Coles outperform gyms in the supplements category?
“We’re seeing more and more customers look for healthier options or specific dietary requirements in the main grocery aisles – they no longer expect to go down one dedicated aisle to find these options,” Coles general manager for grocery, Leanne White, said. The post Can Coles outperform gyms in the supplements category?
In an exclusive interview Inside Retail , Jason Parke, general manager of Deliveroo Singapore, delved into the brand’s transformation journey, the changing consumer landscape, and the strategic initiatives employed by Deliveroo to stay ahead of the curve.
Back in 2020, Amazon opened its first Amazon Go store in Seattle, introducing consumers to the concept of full-size, cashierless grocery stores. Rewe has 3700 stores in Germany, operated as branches or by independent retailers, and a turnover of 26.7 All the payments would be done automatically. billion euros in 2021.
Consumer confidence still weak The tourism effect that has buoyed growth throughout the year shows signs of being less broad-based, and spending by domestic consumers isn’t taking up much of the slack. That’s because consumer confidence is marooned well underneath the 51/100 level needed to support spending on bigger-ticket items.
This was primarily due to consumers staying at home, says Neil Saunders, Managing Director and Retail Analyst. Traditionally consumers stick with traditional gifts like chocolates, candy, and flowers, along with jewelry, according to GlobalData. This was followed by online-only retailers (34%) and other specialtystores (19%).
The rise of the stationery market Research and Markets attributes the rise of this seemingly old-fashioned consumer product category to a few factors, including consumers’ preference for a tactile writing experience, the power of influencer marketing and the growth of e-commerce.
A former Coles Group category manager with overseas experience as a grocery buying manager at Tesco and Waitrose, he built a team of five in the first three months of operation. “We The ongoing costs of caring for a pet is perceived as a significant barrier to consumers in this space.
Central’s superregional malls and department stores are ubiquitous in Thailand. It also operates specialtystores in multiple categories and owns department stores outside Thailand, including the KaDeWe in Berlin and the Rinascente chain in Italy.”. What does it mean for the future of Selfridges?
Educational Insights first launched its shop in April 2023, and Lee Parkhurst, Senior Brand Manager at the company, said they’ve “been quadrupling our business month over month since.” If Educational Insights is any indicator, it’s as game-changing as brands hoped it would be.
Building strong relationships with retail partners is crucial to effective category management, but it’s often challenging without a data-driven approach. Category managers must justify their shelf placements, ensure promotions are driving traffic, and demonstrate how their brand contributes to the retailer’s overall sales.
With a positive consumer confidence, good level of savings, and growing household incomes, consumers are once again ready to pamper their friends, families and close collaborators. 2010, $14.1B. 2015, $18.9B. 2019, $ 20.7B. 2020, $27.4B. As a result of the steady economic indicators, the savings rate is slightly ticking upward.
With a positive consumer confidence, good level of savings, and growing household incomes, consumers are once again ready to pamper their friends, families and close collaborators. 2010, $14.1B. 2015, $18.9B. 2019, $ 20.7B. 2020, $27.4B. As a result of the steady economic indicators, the savings rate is slightly ticking upward.
The Shanghai store has been somewhat of a weak link and was lucky to get a reprieve after the company announced in 2019 that it was shutting up shop and getting out of China. The new specialtystore space will be leased with the aim of attracting customer segments that don’t currently shop at the department store itself.
Rising consumer spending combined with higher disposable income in the last quarters of 2019, was expected to stimulate industry revenue growth, as more consumers require sporting goods for their health and fitness. Here is why, you should read these industry highlights and take ways.
With a positive consumer confidence, good level of savings, and growing household incomes, consumers are once again ready to pamper their friends, families and close collaborators. 2010, $14.1B. 2015, $18.9B. 2019, $ 20.7B. 2020, $27.4B. As a result of the steady economic indicators, the savings rate is slightly ticking upward.
With many other consumer activities limited, spending on CPG goods surged almost 20 percent. Consumers didn’t just spend more during 2020, they made a dramatic shift to digital channels, and pricing competition is no longer limited to local areas and competitors with a presence across town. Conclusion.
At the onset of the pandemic, bars and restaurants faced indoor gathering restrictions, driving a ton of business to grocery stores, mass retailers, and specialtystores. But they still faced an uphill battle. Premiumization has also experienced a boost over the past 12 months. Bigger is better when it comes to off-premise.
Certainly, this kind of in-store advertising is gaining relevance in department stores, supermarkets, specialtystores, and any other kind of retail store. Retailers can update in-store TVs through a central content management platform , boosting work efficiency significantly. Dynamic digital signage.
In a survey of consumers conducted by Doddle , 84% said a positive returns experience encourages them to shop with a retailer again. Conversely, 73% of consumers responding to a survey by Returnly said they would not shop with a brand again after a poor returns experience. In-Store Returns Trending Up, But Not Pouring In.
Sasha Radic, Managing Director of the investment bank Jefferies, believes that beauty is one of the most exciting and “special” sectors in retail for two big reasons: its deep connection to joyful moments and its incredible resilience. How do Beauty Consumers Shop? That’s what makes the category so special.” A survey of 1,250 U.S.
Each year, we offer this special supplement as a resource for store owners and managers to put a selection of industry vendors all in one place in one directory. DIONIS/CREATIVE CONSUMER PRODUCTS. SPECIALTYSTORE SERVICES. Sharon Center, OH 44274. 800) 732-4859. 888) 484-6744 FAX. questions@desperate.com.
If your DTC brand is like Kettle & Fire, you’re probably good at marketing, and with a product that solves problems for consumers, your brand will grow strong for the first five years. You’re building a large, loyal fan base as well as your subscription program, and you’re aggressively marketing online and social media.
Growth can be a challenge, particularly when there’s new leadership at a company with brands that date back as far as two centuries as well as wide distribution across mass, department and specialtystore and e-Commerce channels. We put a lot more content into our direct-to-consumer sites. Regan Iglesia.
According to the latest reports from NRF 2020 Report and Survey, Consumers are most likely to spend an average of $30.19 billion in sales, pet store retailers have a lot more reasons to celebrate the Year of the Puppy Love. on family members other than their spouses compared to $29.87 in the previous year; $14.69
According to the latest reports from NRF 2020 Report and Survey, Consumers are most likely to spend an average of $30.19 billion in sales, pet store retailers have a lot more reasons to celebrate the Year of the Puppy Love. on family members other than their spouses compared to $29.87 in the previous year; $14.69
According to the latest reports from NRF 2020 Report and Survey, Consumers are most likely to spend an average of $30.19 billion in sales, pet store retailers have a lot more reasons to celebrate the Year of the Puppy Love. on family members other than their spouses compared to $29.87 in the previous year; $14.69
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