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Ghalia BOUSTANI. Expert Manager at Univers Retail | Published author | Visiting lecturer. The new luxury paradigm The concept of luxury, which has traditionally been associated with exclusivity, high quality, and frequently a high price point, is now intertwined with the principles of sustainability and the circular economy. The luxury industry is being reshaped by this intersection, which is a significant evolution in its values and practices.
Image courtesy Bealls The Bealls store in Roswell, N.M. is celebrating that town’s famed relationship with UFOs and all things extraterrestrial with the installation of immersive space alien artwork, just in time for Roswell’s annual UFO festival. The move is part of a larger localization effort on the part of Bealls to bring regional flavor to its stores.
Luxury fashion retailer Harrolds is planning to relocate its stores in Sydney and Melbourne as part of the company’s ongoing transformation. The Sydney store will be moved to Westfield’s new development on Market Street, joining a lineup of other luxury brands. Meanwhile, details of a new and immersive store experience in the Melbourne CBD will be announced in the coming months.
Category Management is a cornerstone of a successful retail strategy. While it promotes collaboration between manufacturers and retailers to optimize category performance, challenges persist in its effective implementation due to hurdles in communication and collaboration across teams and partners, and more. In this guide, we outline five essential strategies for success in 2025 that will touch on all the essential pieces of a successful strategy and implementation.
Artificial intelligence (AI) is only accelerating its adoption among global corporate enterprises, so CEOs and business leaders are positioned at the confluence of innovation and ethics as it relates to implementing AI projects in their businesses. While technical prowess and business potential usually are the focus of conversations around AI, the ethical considerations are sometimes overlooked, especially those not immediately obvious.
Australian retail sales slightly rose year over year in May as shoppers took advantage of early end-of-financial-year (EOFY) promotions and sales events. Australian Bureau of Statistics (ABS) data showed that retail sales totaled $35.94 billion during the month. “Retail businesses continue to rely on discounting and sales events to stimulate discretionary spending, following restrained spending in recent months,” said Robert Ewing, ABS head of business statistics.
All five Federal Trade Commissioners voted to halt Tempur Sealy International ’s planned $4 billion acquisition of Mattress Firm , saying that as the world’s largest mattress supplier and manufacturer, Tempur Sealy’s purchase of the 2,400 -store retailer would give it “the ability and incentive to suppress competition and raise prices for mattresses for millions of consumers,” according to an FTC statement.
All five Federal Trade Commissioners voted to halt Tempur Sealy International ’s planned $4 billion acquisition of Mattress Firm , saying that as the world’s largest mattress supplier and manufacturer, Tempur Sealy’s purchase of the 2,400 -store retailer would give it “the ability and incentive to suppress competition and raise prices for mattresses for millions of consumers,” according to an FTC statement.
According to a recent report by Counterpoint Research, Chinese electric vehicle maker, BYD is en route to surpass Tesla in battery electric vehicle sales this year.
While other retailers launch competing sales around Amazon ’s Prime Day in the hopes of riding the ecommerce giant’s coattails, for Bookshop.org , Amazon’s annual sale event highlights bigger existential concerns. The platform’s sole mission is to keep independent bookstores alive amid the threat of digital convenience instigated by Amazon itself. Despite expanding well beyond its early niche in books, Amazon still captures more than 50% of book sales in the U.S., and many readers will flock to
A new report has revealed that YouTube has become the go-to destination for children seeking their favorite shows like "Peppa Pig" as well as the leading platform influencing their buying decisions.
Unlike many DTC brands that were born online and later found their way into physical retail, Monica + Andy has had a strong brick-and-mortar presence almost since its 2015 founding. Beginning with a single “guide shop” in Chicago’s Lincoln Park neighborhood, the babywear retailer “actually had 18 physical retail locations in our first three years,” said Founder and CEO Monica Royer.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Steve Ballmer, the former CEO of Microsoft and current owner of the NBA's Los Angeles Clippers, has overtaken Microsoft co-founder Bill Gates in the list of the world's richest people.
Two brands known for their commitment to sustainability, Grove Collaborative and Blueland , are marking Plastic-Free July with new tools and a fun consumer campaign, respectively. Grove has launched its Beyond Plastic Impact Tracker , which discloses the amount of plastic avoided and recovered in each order, with the goal of engaging customers more directly in the fight against single-use plastic waste.
Chinese fashion company Shein is significantly ramping up its marketing efforts in South Korea to capitalise on the country’s burgeoning e-commerce sector. The move has sparked a broader conversation about its ability to overtake its rivals like Temu and AliExpress in the ultra-low prices race in the market and compete with long-established local fashion platforms.
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
Perfect Stranger has opened its first Victorian store at Melbourne Central. “Our Melbourne Central store adds to our 13 bricks and mortar locations across Queensland, New South Wales and now Victoria, and it’s something we are extremely proud of,” Alice Barbery, CEO at Universal Store , the group that owns Perfect Stranger, told Rag Trader. “Perfect Stranger is actively discussing further roll out opportunities in the country’s best centres across Australia.” The br
John Boyd, president of the National Black Farmers Association, a Tractor Supply shareholder and fourth-generation farmer, said he has tried to reach out to the company’s top executive.
Stylerunner’s general manager Anna Brennan is busy. As the women’s athleisurewear retailer continues to hit its stride in Australia and “sell lots of sneakers”, Brennan relies on her leadership team to push each other to be the best they can be. Here, she discusses how waking up at 4:30 am enables her to balance it all, spend quality time with her family and ensure she is primed to focus on the tasks that make a difference and move the brand forward.
When it comes to driving traffic and growing your online presence, businesses often ask: SEO or PPC—what’s the better choice? This guide breaks down the key differences between search engine optimization (SEO) and pay-per-click (PPC) advertising, highlighting their pros, cons, and best use cases. Whether you’re looking for long-term organic growth or immediate visibility through paid ads, we’ll help you determine which strategy—or combination of both—is right for your business.
Swiss watch brand Longines has opened its flagship boutique in Sydney CBD, marking its fifth location in Australia. The new store, located within Westfield Sydney under the Sydney Tower Eye on Market Street, covers 138sqm and features a multi-dimensional metal front. The interior includes a concierge bar influenced by aviation design, with a modest curved edge reminiscent of a plane wing and the appearance of striped brushed metal.
Employee engagement is the holy grail that almost all employers are searching for in order to have a more productive workforce, deliver meaningful outcomes, create a happier workplace and, as a result, deliver a better bottom line. Sadly, the statistics aren’t great. If we look at 2022 data from Gallup (the global authority on all things related to employee engagement), employees who are engaged only account for 23 per cent of our workforce; the actively disengaged category represents 18 per cen
ZoomInfo customers aren’t just selling — they’re winning. Revenue teams using our Go-To-Market Intelligence platform grew pipeline by 32%, increased deal sizes by 40%, and booked 55% more meetings. Download this report to see what 11,000+ customers say about our Go-To-Market Intelligence platform and how it impacts their bottom line. The data speaks for itself!
LVMH has named Alessandro Valenti as CEO of Givenchy, succeeding Renaud De Lesquen, who decided to pursue a different career opportunity. Prior to the new appointment, Valenti served as president of Europe, the Middle East, and Africa (EMEA). He previously served as SVP of retail Europe at Polo Ralph Lauren and EVP of retail at Giorgio Armani. “Alessandro has 25 years of international experience.
Austrian architect Jakob Sprenger has installed 1920s plaster medallions above a large sculptural sink as the centre of skincare brand Aesop 's store in Paris. Located within a residential neighbourhood in the district of Ternes in Paris' 17th arrondissement, Sprenger designed the store to "create a feeling of simple domesticity". The space was designed around four 19th-century painted gypsum ceiling medallions that the team found during the initial stages of the project.
Creating SEO-friendly content is key to improving your website’s visibility and attracting more visitors. This guide walks you through best practices for writing optimized content, including keyword placement, proper formatting, and engaging writing techniques. Whether you’re crafting blog posts, landing pages, or product descriptions, these proven SEO strategies will help your content rank higher and keep readers engaged.
Avon International has partnered with software firm Blue Yonder to bring artificial intelligence (AI) into its supply chain. The cosmetics company is using the firm’s AI to set up an “end to end next generation supply chain” to streamline its operations, surpass forecast accuracy and improve its planner efficiency. Blue Yonder claimed it will also widen Avon’s omnichannel capabilities, improve its service levels and optimise cash flow.
Tesco staff are set to receive a pay out following the strong performance of its Save as You Earn (SAYE) colleague share schemes. More than 20,000 of the grocery giant’s workers, who mainly comprise of shopfloor staff working across stores and distribution centres, will share in a windfall profit of over £30m now that the schemes have matured.
AI is rapidly transforming digital commerce, but how do you separate real opportunities from hype? Moderated by Orium, AI for Commerce: Foundations, Aspirations, and Hype , experts from Bloomreach , commercetools , Contentstack , and Fluent Commerce explores where AI is already delivering results and where its potential is still unfolding. This masterclass dives into proven AI applications, emerging innovations , and the gaps between promise and reality in commerce.
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