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Why Australian home goods brand Hommey is taking off in the US retail market

Inside Retail

The CEO recollected that it started with a problem that I came across with home decor, which was finding a premium brand at an affordable price point that had a different approach to content and marketing, yet aligned to my values. Previously, it used an Australian shipping company, which led to delays.

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How AI is Driving Identity-Based Marketing Strategies to Boost Customer Lifetime Value

Retail TouchPoints

With that success comes a highly competitive market filled with brands fighting to claim – and retain – market share. Instead, its imperative that brands identify and market to those who are most likely to generate a high revenue over the customer lifecycle. How they do that is becoming increasingly important.

Marketing 289
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Jeanswest collapses – all stores to be closed

Inside Retail

The business’s owner, Harbour Guidance, which bought the brand out of administration in 2020, has appointed Lindsay Bainbridge, Andrew Yeo and David Vasudevan of Pitcher Partners Melbourne as administrators. Casual fashion chain Jeanswest has been placed in voluntary liquidation with all 90 stores across Australia to be shuttered.

Fashion 292
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Coresight Predicts Store Closures will Spike to 15,000 This Year

Retail TouchPoints

store closures totaled 7,325 , the highest number since 2020, when Coresight tracked almost 10,000 closures. We have seen Shein and Temu capture market share as consumers choose to shop online to save time, money and avoid frustration, Weinswig added. In 2024, U.S. When set against store openings, 2024 saw a net loss of 1,355 stores.

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2020 Database Strategies and Contact Acquisition Survey Report

47% of marketers said they have a database management strategy in place, but there is room for significant improvement. Marketing and sales teams are feeling pressured to deliver authentic messaging to buyers at every point of their customer journey. New tactics to acquire data to reach marketing goals.

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Vince Holding Corp. Changes Hands, Former CEO Brendan Hoffman to Return to the Helm

Retail TouchPoints

Hoffman previously served as CEO of Vince from 2015 to 2020 before leaving to lead Wolverine Worldwide, first as President and then CEO through August 2023. (VNCE) , giving it a 65% stake in the retailer. P180 was co-founded by former Vince CEO Brendan Hoffman, who will become CEO of the brand again on Feb.

Returns 281
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Data: Asda struggles as Aldi and Lidl gain market share amid rising grocery costs

Retail Gazette

Despite rising prices consumers shopped more frequently, averaging almost 17 grocery trips per household and marking the highest footfall since March 2020. compared with the same period last year, Asda’s sales declined by 1.7%, reducing its market share to 11.9%. market share and Aldi 10.9%. market share and Aldi 10.9%.

Marketing 116
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Building Supply Chain Resilience in the Real World

Speaker: Kelly Barner - Co-Founder & Managing Director of Buyers Meeting Point, LLC

Since 2020, procurement and supply chain professionals have faced an unprecedented set of challenges. Global inflation is at record highs and the Great Resignation has given way to the Great Reshuffling, leading to uncertainty in talent markets. The pandemic was just the start. What will 2023 bring?