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While policymakers often champion tariffs as a mechanism to protect domestic industries, their ripple effects are far-reaching, inflating costs, disrupting supply chains and, ultimately, burdening consumers. The Scars of the 2018-2019 U.S.-China In 2018, more than one-third of apparel imports flowing into the U.S.
Knockoffs have stormed the fashion scene, causing a stir across social media and online marketplaces like an uninvited guest at a high-society gala. These sneaky style chameleons give you the luxury look without the luxury price tag, sparking endless debates on whether they’re fashion-forward genius or outright fraud.
Window shopping is about to get a whole lot more exciting, with Australian designer fashion brand Oroton launching augmented reality try-on mirrors across the window displays of its stores in Sydney’s Queen Victoria Building and Brisbane’s Queen Street Mall. We want to grow, learn, and evolve alongside our customers’ shopping behaviours.”
Australian fashion tech business Azura Fashion Group is banking on the booming circular economy for growth. Azura Fashion Group was born out of the uproar caused by Burberry’s revelation in 2018 that it had destroyed millions of dollars worth of excess stock, rather than sell it at a discounted price, to protect its brand image.
Since the 1990s, fast fashion has enabled everyday people to buy the latest catwalk trends. Now, just when the fashion industry should be waking up and breaking free of this vicious cycle, it’s heading in the opposite direction. We’re on a downward spiral, from fast fashion to ultra-fast fashion. billion in 2018.
The most high-profile of these failures is Mosaic Brands, the company behind long-running fashion chains, including Noni B, Millers, Rivers and Katies, which collapsed at the end of last year and is now in liquidation. By July 2018, Alceon’s retail investments were generating about $1.5 million in June 2019.
Fake fashion is big business. billion) in lost sales on average each year between 2018 and 2021, according to the European Union Intellectual Property Office. The company has said it works closely with authorities and customs officials to enforce its intellectual property rights and to defend consumers from counterfeiters.
According to Coresight Research ’s Inside the World of Amazon’s Private Label Offering report, Amazon now has over 22,617 products from 111 private label brands across nearly every category — three times the number of brands they had in 2018.
Lee will replace former creative chief Riccardo Tisci , who was appointed to the role in March 2018 following his career with Givenchy from 2005 to 2017. His first collection for Burberry will debut during London Fashion Week in February 2023. He will report to CEO Jonathan Akeroyd, who began leading the luxury brand in April 2022.
The site, which opened in November 2018, can store 2 million cartons, and includes a digital scanning facility. The Asia-Pacific region is experiencing dynamic shifts in consumer demand which align with our ICP, driven by internet penetration, digitalisation (e.g. payments), changing lifestyles, and technology.
Industry experts are keeping a close eye on the future of fashion retailer General Pants Co, after its owner, Alquemie Group, closed or sold three other retail brands in its portfolio in as many weeks. It was just the latest portfolio consolidation. Penn-Kahn observed that both brands failed to keep up with the changing landscape.
One of the world’s largest luxury e-commerce platforms, Farfetch has announced it is rebooting its fashion and retail tech startup accelerator, Dream Assembly after two years. Web3 is now at the intersection of fashion, culture, and art. “Outlier Ventures is excited to collaborate with Farfetch for Dream Assembly Base Camp.
it found that consumers were about a year or two behind the trend cycles in Australia, which gave Princess Polly the perfect edge to not just predict but lead in key fashion trends. But keeping pace with, and setting, fashion trends is a tall order. distribution center back in 2018, it has a lot of data to work with.
After taking home the National Designer Award last year at PayPal Melbourne Fashion Festival, Best had his sights set on an expansion in Sydney. The consumer is the biggest difference and why we wanted to do the store in the south side,” said Best. But what area can we grow a customer base?
The subscription service, founded by husband and wife team Blake and Wayne Geffen in 2018, allows members to keep items as long as they want, or swap them out monthly. It’s an exciting opportunity to advance the growth of circular fashion and be at the forefront of reimagining consumers’ shopping experience.”.
Now, Bogg Founder and CEO Kim Vaccarella is bringing the bag to even more consumers thanks to a new partnership with Target. We increased sales little by little from 2015 to 2018, and the demand was too much, so it was too much for me and my one employee. RTP: How did COVID affect your operations? This is just the beginning!
The Flipkart Group includes ecommerce marketplace Flipkart , digital fashion destination Myantra , Flipkart Wholesale , online travel company Cleartrip and a majority stake in the payments app PhonePe. In 2018, Walmart beat out Amazon for a majority interest in the company, spending $16 billion for a 77% stake.
Under the multi-year agreement, IMG will bring to market complementary products that support Claire’s brand purpose of inspiring self-expression and individuality, in categories including apparel , fashion accessories and room décor as well as lifestyle and special occasion products.
Launched in April this year, Coachtopia is a subset of the original American leather and apparel brand, founded in 1941, with a mission to tap into the growing demand for circular fashion. The third principle ensures that consumers also play a role in creating a circular pathway for material reuse and wear. Who is Coachtopia for?
In 2013, Rebecca Hessel Cohen, a former fashion and beauty editor for publications like Cosmopolitan and Glamour , decided to turn her love of all things fashion and feminine into a business after designing the bridesmaids’ dresses for her own wedding. A representative of LoveShackFancy declined to comment on the company’s financials.
The report highlights a growing disconnect between rising consumer demand for essentials on one hand, and substantial volumes of surplus stock on the other, much of it heading towards landfill. Big W Since 2018, Big W has partnered with Good360 Australia, donating over $89.5 billion worth of new, unsold goods are wasted annually.
Child was previously partner at McKinsey and Co, where she worked for 14 years partnering with retail and consumer companies in Australia, New Zealand and the US to transform their businesses and accelerate their growth. Oroton recently showed at Afterpay Australian Fashion Week. I’m thrilled to be joining Oroton.
The partners have been working together since 2018 to bring Century 21’s constantly evolving slate of off-price designer merchandise to online shoppers, via weekly live shopping events on the ShopShops app and Century 21’s Instagram. “We
Collaborating with brands at the forefront of fashion, innovation and craftsmanship like, Japanese clothing label Needles is how Reebok aims to return to its former place as the world’s number one sports brand – an accolade it took from Nike and its former owner Adidas in the 80’s through collaboration.
H&M Group CEO Helena Helmersson believes business leaders need to work together to reduce the fashion industry’s impact on the environment. If the fashion industry really wants to reduce its environmental footprint, Roger Lee, CEO of garment manufacturing firm TAL Apparel, said it needs to have a system in place. “We,
After experiencing a shaky series of starts and stops, the brand closed down in 2018 and experienced a total re-birth after being acquired by Europerfumes in 2019. The elemental, atypical and inclusive nature of the brand is really resonating with consumers. The second factor is Commodity’s approach as a brand.
Australia has gained a reputation for having a large number of conscious consumers, and it’s leading global brands with a sustainable focus to set up shop in the land down under. The report indicated that the ethical Australian consumer focuses on four elements: eco-production, animal welfare, people and values and the circular economy.
“Culturally, toys generally are losing out to digital devices, so the category itself is under threat, and in terms of ‘connection’, Toys R Us feels about as relevant to today’s consumers as Blockbuster Video,” he added. Unlike books, electronics or fashion staples, toy shopping is inherently sensory.
Bestseller’s Australia country director Rikke Dahl-Thorup told Inside Retail that the brand entered the Australian market due to the strong consumer demand for Scandinavian design, and a willingness from Aussie customers to embrace new trends. This reflects the growing demand for good quality fashion at competitive prices.”
So the good news for consumers is that while it’s technically possible for fraudsters to steal the data from a nearby person’s NFC-enabled card using a portable reader, it’s not a practical strategy for fraudsters because anyone getting that close to another person in public right now is going to immediately raise suspicion.
Dan has been a key figure in the brands evolution since 2018, initially collaborating as the Founder of boutique marketing agency Flying People. His agency secured Club L London as its first client and played a pivotal role in supporting the brands direct-to-consumer launch, where Dans expertise was integral to its early success.
This deal marks the end of Nordstroms years-long efforts to go private, which the company attempted previously in 2018. Singleness of purpose executing its strategic vision unencumbered by competing short-termism, should, in the long run make Nordstrom a stronger business in better addressing their consumers expectations.
Walmart continues its mission to elevate its reputation in fashion with its new ThredUP partnership, which gives e-Commerce shoppers access to secondhand merchandise across the full spectrum of prestige — from luxury names such as Chanel and Prada to middle-market Ann Taylor LOFT and Lands’ End to affordable Old Navy and fast-fashion leader H&M.
Last week, the retail industry was buzzing with the news that Victoria’s Secret’s fashion show is coming back. First introduced in 2004, the annual fashion show was put on hiatus in 2019 after the show reported its lowest-ever ratings in 2018. What do retail experts think about the fashion show revival?
Melbourne-based beauty brand Fluff was founded in 2018 by Erika Geraerts, one of the original co-founders of Frank Body. Everything about the brand is thoughtful and considered, including its high-fashion packaging, especially its coveted metal cloud compact. The idea was simple: limited supply could focus consumers’ attention.
From Oscar de la Renta, to Carolina Herrera, to Gabriela Hearst, some of the biggest names in fashion are from Latin America. The Latin American Fashion Summit (LAFS) aims to change that. We took the opportunity to ask Tams about the Latin American fashion industry and what sets Latinx designers apart.
Chinese fashion company Shein is significantly ramping up its marketing efforts in South Korea to capitalise on the country’s burgeoning e-commerce sector. Entering the market in 2018, AliExpress’ number of users in South Korea increased to 9 million as of April. Koreans like services designed by Koreans for Koreans,” she added.
Both domestic and international sales of 2nd Street stores showed robust growth, particularly in luxury secondhand merchandise, amid rising consumer inflation and expansion of the resale market. Entering the US in 2018, 2nd Street had 43 stores in the country at the end of November. million impressions.
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.
Lee, who was previously at Kering’s Bottega Veneta , should focus on strengthening its runway, streetwear, and menswear collections to appeal to younger consumers, said Ortelli. Tisci, in turn, changed Burberry’s design language by introducing a TB monogram, that increased the brand’s appeal to younger luxury consumers.
The new service is the latest move in CEO Ryan Vero’s transformation strategy for the teen and tween retailer, which filed for bankruptcy in 2018 and is now majority owned by Elliott Management Corp. A recent study from CouponFollow found that one in five consumers it surveyed had purchased a subscription box last year.
billion in global retail sales across three verticals: Fashion, anchored by the Express , Anne Klein and Joseph Abboud brands; Hard goods, anchored by the Toys ‘R’ Us and Babies ‘R’ Us brands; and Athleticwear, anchored by Lotto. this summer.
In 2018, one of his agency’s clients was the Korean sunglasses brand Gentle Monster. Around 2019, my design team and I started to look around to see if there were any opportunities to create our own consumer brand,” he said. So, in that case, Documents…is not a big consumer brand in China.
When Inside Retail spoke with current CEO Craig King back in 2018 it was established that the company was scouting for CBD locations in both Melbourne and Sydney. T cemented its reputation for rebellion at its Australian Fashion Week debut in 2001, where 200 rats were sent down the runway.
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