Inside Retail

MARCH 19, 2024

At the same time there is limited transparency or accountability around clothing supply chains. Without change, the industry will account for 26 per cent of the world’s carbon budget for limiting global warming to 2°C by 2050. billion in 2018. The overproduction and consumption of clothing cannot be allowed to continue.

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Inside Retail

JULY 27, 2023

McConnell told Inside Retail that the “tone at the top” matters more than people think, and that, in his experience, boards do a bad job of holding themselves accountable. Hosking stepped down from the role in 2018, with chief operating officer Barry Newstead taking over.

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Retail TouchPoints

JANUARY 2, 2024

Over the last decade, retail brands like H&M, Zara and Urban Outfitters have anticipated this trend and launched apps to keep up with the ecommerce boom — a smart move considering it’s predicted that m-commerce (or mobile commerce) will account for 40.4% of ecommerce sales in 2024. However, building an app isn’t a quick-fix solution.

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Customer Experience Consumer Marketing Accounting 243

Retail TouchPoints

MAY 27, 2022

store associates to $22 per hour, and even higher in certain markets, according to The Wall Street Journal. The increase would make starting salaries 45% higher than they were in 2018 as the retailer faces the challenges of a tight labor market and a unionization push. Apple is reportedly planning to boost starting pay for U.S.

Accounting 285

Accounting Location Marketing Planning 285

Inside Retail

OCTOBER 5, 2022

These mega apps are widely used in Asia because mobile is the main form of access to the internet for many people in the region, wrote Scott Galloway, a New York University professor of marketing and co-host of tech podcast “Pivot,” last year. What are some examples of super apps? Have other US tech companies tried this?

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Payment Services Accounting Planning Shopping 241

Retail TouchPoints

MAY 5, 2022

Chinwe Abaelu, SVP and Chief Accounting Officer, will serve as Principal Financial Officer until Torrid appoints a new CFO. As Torrid’s CCO, Muñoz will manage product, design, product development, fabrication, sourcing, technical fit, creative marketing and merchandising. Former PVH Corp.

Apparel 243

Apparel Accounting Management Consumer 243

Retail TouchPoints

MAY 19, 2022

The company underwent several rounds of jobs cuts and a $200 million dollar restructuring in 2018, followed by an SEC investigation into its accounting practices in 2019. Frisk’s remit when he joined was to reengineer Under Armour’s structure, systems and go-to-market process. Browne has held the role of COO since 2020.

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Wholesale Accounting Returns Marketing 266

Inside Retail

APRIL 7, 2022

The Sydney Morning Herald said FairPrice accounts for about 60 per cent of the market share in Singapore, while Coles currently holds 28 per cent in its home market. The post Coles starts selling own-brand lines in Singapore grocery chain appeared first on Inside Retail.

Accounting 130

Accounting Marketing ATS Supermarket 130

Inside Retail

MARCH 20, 2023

Following its launch in Australia in 2016, Danish retail group Bestseller has firmly entrenched its presence in the retail market, with the company making strides in its sustainability and circularity initiatives. Since launching the brand in 2018 in Australia and New Zealand, we’ve seen over 200 per cent increase in sales. [It]

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Wholesale Fashion Shipping Department Stores 236

Inside Retail

AUGUST 22, 2022

However, earlier this month, it drew anger from Chinese social media users after its Spanish Instagram account posted a picture of dolls, one of which it called a “Japanese geisha doll” but which Chinese users pointed out was wearing a qipao dress, a traditional Chinese outfit.

Accounting 130

Accounting Promotions Shopping Consumer 130

Inside Retail

NOVEMBER 16, 2022

Akeroyd, who took over in April, will present his strategy alongside first-half results that will show the lingering impact of lockdown restrictions in China, Burberry’s biggest market. Leather goods account for around 20 per cent of Burberry’s sales versus 70 per cent at Bottega Veneta.

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Fashion Department Stores Planning Accounting 278

Inside Retail

SEPTEMBER 19, 2022

The retail and wholesale businesses accounted for a roughly even split of the company’s 219.6 Year-on-year sales growth on the retail side, which is now mostly accounted for by Lotus’s, is not available, since the base period was prior to the Lotus’s acquisition. billion baht ($9.4 billion) in sales through the first half of the year.

Wholesale 130

Wholesale Supermarket Accounting Supply Chain Management 130

Mass Relators

MARCH 18, 2024

WASHINGTON – The retail industry remains a major employer, according to a new report released by the National Retail Federation on Monday, which found that retailers supported 55 million full-time and part-time jobs in 2022, accounting for 26% of total U.S. employment in 2018. trillion, accounting for 20.4% employment.

Accounting 52

Accounting Consumer Marketing 52

Retail TouchPoints

JULY 12, 2021

In 2018, Walmart beat out Amazon for a majority interest in the company, spending $16 billion for a 77% stake. The new funding is a major vote of confidence in the potential of digital commerce in India, still a relatively nascent market.

Wholesale 256

Wholesale Social Commerce Fashion Consumer 256

Inside Retail

MAY 19, 2021

According to the most recent For Love or Money 2021 report, published by The Point of Loyalty, while 88 per cent of Australians are a part of at least one loyalty program, only 43 per cent actively used them (at least once) in 2021 – a far cry from the 53 per cent recorded in 2018.

Accounting 350

Accounting Shopping Consumer ATS 350

Retail TouchPoints

AUGUST 7, 2023

And Wish, which held that top spot back in 2018, has now dropped out of the top 50 completely after having fallen to #35 as of last March. There are other troublesome indicators for the company: Q2 saw declines across the board at Wish. followed by former #1 Shein , now bumped down to the #2 position. (It

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Retail TouchPoints

FEBRUARY 22, 2021

In the end, Kerrits closed out 2020 with growth in both its wholesale and DTC channels, with the latter increasing by an impressive 150% , according to Sara Florin, Senior Director of Branding and Marketing at Kerrits in an interview with Retail TouchPoints. The company launched its DTC site on Shopify , and then Florin joined in late 2018.

Wholesale 248

Wholesale Accounting Marketing Outdoor 248

Inside Retail

MARCH 14, 2024

Robinson Optical Inc, a family-run eyewear company that has been running since 1926, in 2018. Today, Revo Sunglasses is led by chief executive officer Cliff Robinson, a third-generation member of the heritage optometry company, who is proud to be a part of the brand’s independent revival in the market. per cent from 2021 to 2027.

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Location Wholesale Consumer Planning 130

Retail Focus

APRIL 4, 2024

Despite being a buzzword, digital transformation has now become a defining element of modern business strategy, and its significance cannot be understated (Achille, Marchessou et Remy 2018). A profound metamorphosis – a digital transformation – is necessary to stay at the zenith of their industries (Rathnayaka 2018).

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Clienteling Supply Chain Management Customer Experience Consumer 148

Inside Retail

MARCH 23, 2022

With the global luxury goods market expected to be worth around US$430 billion* by 2025 – and Chinese luxury consumption set to account for nearly half of that – Lanvin Group said it sees itself as “well-positioned to capture the enormous growth potential driven by flourishing demand for luxury goods globally”.

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ATS Fashion Accounting Point of Sale 130

Inside Retail

JUNE 30, 2021

The global sustainable plastic packaging market is projected to grow by 5.6 billion by 2025, according to a study from Research and Markets. The study also indicated that the Asia Pacific region would account for the largest share in the sustainable packaging market in terms of value and volume between 2020 and 2025.

Department Stores 246

Department Stores Beauty and Health Accounting Promotions 246

Inside Retail

JANUARY 16, 2022

In 2021, it was projected to generate $363 billion in sales, up 36 per cent, year on year, accounting for 13 per cent of total e-commerce sales. This market-leading position can primarily be attributed to the sheer scale of China’s domestic market as well as the prevalent adoption of mobile payments among digital shoppers.

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Social Commerce Beauty and Health Payment Services Accounting 130

Mass Relators

NOVEMBER 7, 2023

Markets has promoted Mike Reed to the position of senior vice president and chief financial officer. Reed succeeds Dave Harris, who recently retired as the retailer’s executive vice president of finance, CFO and principal accounting officer. taps Mike Reed as SVP and CFO appeared first on MMR: Mass Market Retailers.

Finance 52

Finance Accounting Promotions Management 52

Retail TouchPoints

JULY 9, 2021

Lowe’s signed a renewable energy agreement in November 2018 that will provide for enough energy to power all of its 143 stores in Texas. Department of Energy (DOE) reports that retail buildings account for the largest energy costs of any commercial sector in the country. Lighting accounts for 50% of energy costs for non-food retailers.

Management 264

Management Accounting Customer Experience Finance 264

Retail TouchPoints

MARCH 28, 2022

MINISO is taking their preferences into account and offering products in more diverse forms and categories to cater to their needs.” Liu oversees the MINISO business, including product marketing, PR, user operations and global ecommerce, so he shared some exclusive insights into the company’s expansion plans and priorities.

Planning 233

Planning Consumer Marketing Accounting 233

Inside Retail

JANUARY 3, 2024

billion in 2018 – a 28.2 It now accounts for just over 18% of retail spending in Australia, up from 10 per cent in 2018. Aussie consumers spent a whopping A$353 billion on retail goods in 2022 compared with $275.3 per cent increase. Over the same period, online retail spending increased by 132 per cent from $27.5 billion to $63.8

Department Stores 147

Department Stores Shopping Outdoor Consumer 147

Retail TouchPoints

JULY 22, 2021

The shopping behemoth accounts for over half the ecommerce market on its own. Additionally, Amazon has acquired Whole Foods Market for $13.4 billion back in 2018. In 2018, over 3 out of every 100 retail workers suffered an injury or illness, requiring time off.

Payment Services 306

Payment Services Consumer Customer Experience Accounting 306

Retail TouchPoints

DECEMBER 27, 2022

Conversational commerce that includes programmable voice solutions have provided the ability to establish accounts, make purchases, pay by phone and receive delivery alerts — all using voice technology. Meeting and exceeding the expectations of customers is critical for retail brands as the market continues to become even more competitive.

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Customer Experience Consumer Accounting Marketing 320

Inside Retail

SEPTEMBER 6, 2022

A decade ago, convenience stores were a rare sight in Vietnam, where the vast majority of the population was used to shopping in traditional markets or mom-and-pop stores for everyday grocery needs. In recent years, the nation’s convenience store market has seen rapid escalation – and sophistication – in the larger cities.

Payment Services 130

Payment Services Supermarket Marketing Kiosk 130

Inside Retail

JANUARY 19, 2023

Most recently the chief commercial officer at Flybuys, Seymour-Walsh was reported to be responsible for the brand’s loyalty offer, which oversaw partner relationships, rewards, and digital marketing. According to WWD , the release was created by a culture activist The Yes Men and sent from a bogus Adidas account.

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Payment Services Wholesale Finance Apparel 130

Retail TouchPoints

JUNE 9, 2023

According to Cooler Screens’ account, all was going well in the initial years of the arrangement, which included a successful three -month pilot in 2018 at six locations, followed by plans to expand to 2,500 stores.

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Advertising Planning Accounting Customer Experience 315

Inside Retail

DECEMBER 8, 2022

Greenstreat was founded by brothers Jackson and Jesse McGrath, who grew up making salad dressings, sauces and glazes with their family, and selling the products at markets across Australia’s east coast. Brisbane is a different beast, and it took longer to build that brand recognition because it’s a new market,” McGrath said.

Location 264

Location Accounting Planning Customer Experience 264

Inside Retail

OCTOBER 6, 2021

When Hannon Comazzetto started Australian re-commerce platform AirRobe in 2018, resale was still quite niche locally – pursued by a small but passionate group. The resale market is expected to grow five times in the next five years, so fashion brands and retailers really can’t ignore it. Tapping into gen Z spending power.

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Payment Services Fashion Accessories Checkout 246

Retail TouchPoints

JULY 10, 2020

However, other retailers proved they could fight back in paid search, where the retail giant’s beauty impressions fell by 20% between the start of 2018 and the end of 2019. The more focused grab for traffic had a significant impact on spend: the average Google Shopping ad budget rose 24% in 2018, but rose only 7% in 2019.

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Inside Retail

JULY 13, 2022

We spoke with consumer behaviour experts Jason Pallant, a senior lecturer in the marketing department at Swinburne University, and Petah Marian, founder of Future Narrative, about the facial recognition fiasco, and why it’s more complicated than it might seem. What is facial recognition technology used for?

Payment Services 147

Payment Services Consumer Accounting Advertising 147

Inside Retail

JULY 5, 2021

277 billion market. I felt women who require modesty were not satisfactorily being catered to in the modest swimwear market. When I started Modest Mermaid in 2018 I was shocked about the lack of options there were for women in the modest swimwear market,” she told Inside Retail. Combating segregation.

Fashion 246

Fashion Marketing Accounting Management 246

Retail TouchPoints

JANUARY 20, 2022

And, according to KPMG’s 2018 Retail Trends Report , they account for up to 14% of the retailer’s overall cost of doing business. Vishal Patel is VP of Product Marketing and Technology at Ivalua. He has spent the last 15 years in various roles within the procurement and supply chain technology market.

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Merchant Services Clienteling Shipping Inventory Management 248