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The bankruptcy filing does not impact Authentics ownership of the brands, and Authentic said at the time of Liberateds bankruptcy that it intended to shift to a wholesale strategy for many of the affected brands, as it has now done with Quiksilver womens.
Variety Wholesalers , one of the purchasers of assets from the bankrupt Big Lots discount chain, will reopen a total of 219 stores under the Big Lots banner, beginning on April 10, 2025 with nine locations in six states: Kentucky, Louisiana, Mississippi, North Carolina, Tennessee and Virginia.
As he drove around the streets of Chicago looking for local retailers interested in steeply discounted Christmas tree bulbs and the like, he had his own lightbulb moment perhaps there was a larger market for excess and out-of-season inventory. Normans company, The Bazaar Inc. We’ve always had a uniquely good source of supply, he said.
But one area of commerce has stubbornly resisted this move toward digitization — wholesale. People basically just ignored the third leg of that triangle though, the wholesale leg.” For nearly two decades now online marketplaces have proliferated, beginning with Ebay and Amazon, followed by Walmart, Etsy and countless others.
WHP Global has partnered with Cotton Candy International to bring both Toys R Us and Babies R Us brick-and-mortar stores to Latin American and Caribbean markets, beginning with flagship stores in Panama that are scheduled to open next year.
Online B2B wholesale marketplace Faire has closed a $400 million Series G funding round, its third in the last year. The new capital will be used to continue to hire top talent, build new tools to equip its customers, grow Faire’s supply of global brands and introduce the platform into new markets.
BJ’s Wholesale Club will raise its annual membership fees by $5 to $60 per year, and its Club+ fee will rise $10 to $120 per year, effective Jan. Our third quarter results demonstrate the combination of great value and strong execution,” said Bob Eddy, Chairman and CEO of BJ’s Wholesale Club in a statement. “We million members.
Ted Baker’s wholesale business in the UK and Europe is set to be managed by Pace Partnership London (PPL), under the helm of former Barbour MD Ryan Llewellyn-Pace. Together, we have a very talented and strong team to bring Ted Baker back and towards our vision of making it the leading British lifestyle brand in the market.”
The brand also is sold in premium wholesale channels around the world and has a subscription service, Vince Unfold , that is operated by CaaStle. Vinces Interim CEO David Stefko will step down from that role and resume his position on the brands board of directors.
Photo: Zach Benson And this is just the beginning, with five additional locations already in development across North America for early 2025 (in markets including Miami, Houston and New York), and 50 stores planned for the region in total. The company said that North America is now its fastest-growing and largest market. million ($3.1
Shopify has taken a stake in the B2B retail marketplace Faire and is establishing Faire as the recommended wholesale marketplace for its millions of global merchants through a deeper integration between the two platforms. The size of Shopify’s stake in Faire was not disclosed.
“Because we’ve waited to launch this loyalty program, we’ve had the advantage to observe the marketplace and take the best of what works, to maximize value for Save A Lot shoppers,” said Katie Kobus, VP of Marketing at Save A Lot in a statement. 19 Save A Lot will offer exclusive, weekly offers for new and existing loyalty customers.
BJ’s Wholesale Club will open five warehouse club stores in Tennessee, South Carolina, Florida and Indiana. in the Knoxville market, BJ’s fourth location in the Volunteer State; Myrtle Beach, S.C., in the Knoxville market, BJ’s fourth location in the Volunteer State; Myrtle Beach, S.C., its second store in the Hoosier State.
Vaccarella is no stranger to retail — Bogg has wholesale partnerships with Dick’s Sporting Goods and Bass Pro Shops , among others — and she has mastered a model in which the brand develops exclusive designs tailored to each partner’s shopper base. We started doing trade shows and focused on wholesale. This is just the beginning!
Abercrombie & Fitch will expand into India via a multi-year franchise partnership with Myntra Jabong India Private , a B2B wholesale entity owned by fashion and lifestyle retailer Myntra.
The company has signed a deal with Good Products & Co for the distribution of its products in the two markets. G-Star said it plans to expand in Australia and New Zealand by boosting wholesale growth and launching new retail stores this year. The brand is now stocked at David Jones, The Iconic, Glue Store and Culture Kings.
The stores, which will leverage existing infrastructure and strength of the Adore Beauty brand, will help broaden the company’s addressable market, increase brand awareness and boost customer acquisition.
The Laura Ashley brand currently is distributed in more than 80 countries via wholesale, digital marketplaces and at more than 150 branded retail locations. With the addition of Laura Ashley, Marquee now puts the retail value of its brand portfolio at $4 billion.
The brands themselves, including RVCA, Volcom and Billabong , are still owned by Authentic Brands Group , and they will be moving to new wholesale licensees in North America. Closing sales at all 122 store locations have begun, managed by Gordon Brothers. million , according to court documents cited by Shop Eat Surf.
When Edward and Judy Kwon founded Calpak 35 years ago, they modernized the luggage and travel goods sector by investing in innovative design and marketing. But as many brands have learned, the major growth unlock for Calpak’s next phase was physical retail — especially given the highly visual and tactile nature of its category. “If
along with C&S Wholesale Grocers , has acquired Southeastern Grocers and its Winn-Dixie and Harveys Supermarket banners. This consortium continues C&S and SEGs longstanding partnership, added Eric Winn, CEO of C&S Wholesale Grocers in a statement. Financial terms of the current deal were not disclosed.
Global womenswear and lifestyle brand Club L London announces the appointment of Dan Lorenson as its new Chief Marketing Officer (CMO). Dan has been a key figure in the brands evolution since 2018, initially collaborating as the Founder of boutique marketing agency Flying People.
As we’ve made a strategic shift to become a licensed wholesaler, it’s clear that our long-term growth momentum must be rooted in the success of our strong network of retail partners,” said Leon Bergmann, CEO of Save A Lot in a statement. This acquisition marks the final chapter in the retailer’s wholesale transformation, which began in 2020.
USDS is responsible for the brand’s wholesale business in the U.S., while USRI manages its physical and ecommerce retail. Liabilities for the two companies total $477 million (Hong Kong) , approximately $61.4 million (U.S.).
But as these brands and many others look to new channels, such as stores and wholesale, to combat flagging sales and elusive profitability, True Classic is doubling down on digital. . Now, like many of its counterparts, True Classic is moving into brick-and-mortar and considering wholesale, although Amazon isn’t the cards, at least not yet.
The Ad Populum affiliate that has emerged as the winning bidder is called New Amscan in a nod to Party Citys former wholesale division Amscan, which was included in the acquisition. 26, 2025to receive court approval of both the IP and wholesale business sale to New Amscan as well as the real estate sales.
Ralph Lauren has reported a lower growth rate for its fourth-quarter revenue, but an analyst said the brand is still doing well amid a wider slowdown in the luxury market. Neil Saunders, MD of GlobalData, said the moderate growth was in line with expectations given the general trend in the luxury market. “In Sales in Asia were up 1.1
APP is planning to open 60 of these market hub locations by mid-2027, as well as consolidating its distribution centers to 13 large facilities by 2026. AAP recently completed the sale of Worldpac , a wholesale distributor of auto parts, for approximately $1.5
Nike Plans to Cut $2 Billion in Costs, Layoffs Imminent as Strategy Pivot Continues (January 2, 2024) Increasing competition in the sneaker market and global macroeconomic headwinds pushed Nike to make major cost cuts, using tactics such as simplifying its product assortment and making greater use of automation and technology.
Privately held hardware wholesaler True Value has filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware as it prepares to sell “substantially all” of its business operations to rival Do it Best Corp.
This is also the reason why the brand doesnt sell its products on a wholesale basis. I think because we haven’t had wholesalers and stakeholders, we’ve been able to nurture that. She identified a gap in the market, as well as the problem of overconsumption.
Meanwhile, wholesale sales are taking longer to recover, as wholesale accounts remain cautious on pre-season commitments in a challenging market. We are seeing short-term gross margin pressure for all brands in a highly competitive global market, said outgoing Group CEO Michael Daly. Sales were up 0.1 per cent at Oboz.
The suit also accused the retailer of engaging in a secret and misguided campaign, together with C&S Wholesale Grocers , the divestiture buyer, to purse its own regulatory strategy, which ultimately undermined Krogers efforts, according to a Kroger company statement. The merger had originally been announced in October 2022.
It’s not easy to be a mid-market retailer in Australia right now. There is increased competition from e-commerce players, the local market and major international brands. Our numbers continue to get better and better when technically the market remains challenging. We’re a mid-market Aussie retailer.
Achieving this level of personalization and marketing effectiveness is difficult given the range of Fender’s channels and customer touch points. That is an important part of the journey because your wholesale partners aren’t going to give you that data,” he noted.
Beauty brand Glossier has expanded its all-women leadership team with three C-suite appointments, including the promotions of Marie Suter to Chief Creative Director and Kleo Mack to Chief Marketing Officer, as well as the hiring of former Chanel executive Chitra Balireddi as Chief Commercial Officer.
But after a lackluster IPO in 2020 , the company retreated from the public market just two years later when it was acquired by private equity firm Durational Capital Management in 2022. RTP: Casper has its roots in DTC, but you’ve since expanded with your own stores and through wholesale. How do you view those channels?
Two of the nations major employers, with a combined workforce of 320,000 staff and about a 66 per cent share of the grocery market, Woolworths and Coles endured a 2024 they would no doubt rather forget. Woolworths and Coles, Australias supermarket goliaths, have gone from Covid-19 heroes to cost-of-living villains in the last two years.
BJ’s Wholesale Club has become the latest retailer to launch a media network, offering brands a comprehensive advertising solution to connect with its members. The new program, called BJ’s Media Edge , is being launched in partnership with Microsoft’s PromoteIQ solution. “We Access real-time analytics and data on their campaigns.
In February, the business announced it had experienced 225 per cent year-on-year sales growth, primarily driven by its strategy in the US market. The US fashion market has a history of making or breaking Australian fashion labels and Leo Lins move into the US saw the brand double its revenue in just two years.
The bad news was that company CFO Mat Friend admitted that Nike fell short of its plan, telling investors on its June 27 conference call: “We experienced meaningful shifts in consumer traffic in key markets – particularly in Greater China, where brick-and-mortar traffic declined as much as double-digits versus prior year.”
Instead of relying on international retailers and wholesalers to come to Australian shores to discover local talent, We Wear Australian is bringing 12 emerging and established designers to the global stage.
These two realities are converging and inspiring manufacturers, wholesalers and mass marketplaces alike to modernize their tech stacks and implement more robust customer experiences that are more aligned with modern B2C behaviors. Want to learn more?
The company attributed the decline in turnover to a “challenging” wholesalemarket and rising costs. Following the results, Barbour group managing director Steve Buck said: Twelve months ago, we anticipated that global markets would be very challenging and made the decision to focus on high-quality, profitable sales.
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