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Fashion insiders weigh in on the uncertain future of Australian Fashion Week

Inside Retail

Under IMG’s leadership since 2005, AFW has elevated resort collections, showcased Indigenous designers and initiated a consumer-integrated model. The emergence of consumer-facing fashion events including PayPal Melbourne Fashion Festival and Melbourne Fashion Week has led some to question the relevance of a closed industry-only event.

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How Lush uses its stores as platforms for education and community connection

Inside Retail

From personalised skincare recommendations to shared learning about important causes, these are the moments that our most loyal Lush customers return for,” she said. “As a cosmetics company with campaigning at its heart, connection is something we value deeply.

Insiders

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Behind Eggslut’s fall in Asia: The harsh reality of the F&B market 

Inside Retail

This level of excitement is not uncommon for international F&B brands entering markets like Singapore and Hong Kong, where media hype and consumer curiosity often drive long lines. Rising economic pressures and the increasing cost of living have made consumers more selective about dining out. Price sensitivity is another factor.

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Best of 2024: Clintons new owner’s plans for the card retailer that refuses to fold

Retail Gazette

He works under his dad Paul Taylor, who opened the first Cardzone in 2005. The high street chain faced collapse once more in 2019 – blaming business rates and weak consumer demand – after it failed to gain support from its landlords for a CVA. It’s a true family affair as his sister Alex looks after the marketing.

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With Consumers Awash in Subscriptions, Brands Set Sights on Paid Membership

Retail TouchPoints

Some stats support the gloomy outlook: according to Kearney , 40% of consumers feel they have too many subscriptions, and subscription ecommerce is predicted to have its slowest growth year on record in 2023 ( Insider Intelligence ). Today, brands are competing for consumers’ share of wallet. The reality though is less stark.

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Myer sees elevated annual sales, but is cautious amid economic headwinds

Inside Retail

Department store chain Myer delivered its highest full-year sales since 2005 this year but remains cautious as consumer spending declines due to unfavourable economic conditions. “Our online offer is a scale business that returned to growth in the second half and has continued to increase market share throughout FY23.”

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High-Quality Data is the Key to Unlocking the Power of Generative AI in Retail

Retail TouchPoints

Because while good data can help to create the kind of personalized experiences that drive business growth, offer value to the consumer and build lasting customer loyalty, there’s a catch — consumers are hesitant about sharing their data. That’s because it shows the tremendous impact and value that AI can bring to the industry.