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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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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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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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Marquee Adds Laura Ashley to Brand Portfolio

Retail TouchPoints

Marquee bought the brand from Gordon Brothers , which acquired Laura Ashley out of bankruptcy in 2020. We acquired the British heritage brand out of insolvency in 2020 and built a flexible, scalable licensing business and a global ecommerce presence over the last four years, said Tobias Nanda, Head of Brands at Gordon Brothers in a statement.

Wholesale 277
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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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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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Walmart Joins Growing List of Brands Backtracking on DEI Initiatives

Retail TouchPoints

The backtrack is wide-ranging and includes : A decision not to renew the operation of an equity racial center set up in 2020; Pulling out of the Human Rights Campaign’s LGBTQ+ rights index; No longer giving priority treatment to suppliers based on race or gender; Stopping the usage of the terms “DEI” and “LatinX” in its communications; (..)

Marketing 278
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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?