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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. The brand also is sold in premium wholesale channels around the world and has a subscription service, Vince Unfold , that is operated by CaaStle.
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.
BJ’s Wholesale Club is testing out a smaller store format called BJ’s market. BJ’s market will offer the same product sizes and pricing as BJ’s club stores, as well as the same omnichannel services such as curbside pickup and same-day delivery. The first 43,000 -square-foot concept store opened in Warwick, R.I.
Online wholesale marketplace Faire has raised $260 million in a Series F funding round led by Sequoia Capital. billion valuation that followed its Series E round in November 2020. Even now, with Faire reaching $1 billion in annual volume in just four years, we believe the size of this market is vastly underestimated.”.
Nike Plans to Cut $2 Billion in Costs, Layoffs Imminent as Strategy Pivot Continues (January 2, 2024) Increasing competition in the sneaker market and global macroeconomic headwinds pushed Nike to make major cost cuts, using tactics such as simplifying its product assortment and making greater use of automation and technology.
The company’s wholesale business is still thriving, but now it’s only part of an omnichannel strategy that includes ecommerce , social commerce and marketplaces. Introducing DTC Without Damaging Wholesale. The key in the end was to ensure that Natori.com wasn’t really competing with the brand’s wholesale partners.
BJ’s Wholesale Club has partnered with DoorDash to offer on-demand grocery delivery from 226 locations across 17 states. Same-day delivery is a hot market attracting attention from multiple competitors, and it’s easy to see why. Products available for on-demand delivery include deli meat, dairy and other grocery staples.
As we’ve made a strategic shift to become a licensed wholesaler, it’s clear that our long-term growth momentum must be rooted in the success of our strong network of retail partners,” said Leon Bergmann, CEO of Save A Lot in a statement. This acquisition marks the final chapter in the retailer’s wholesale transformation, which began in 2020.
The beverage alcohol company, which has operated as a traditional distributor-based wholesale business for decades, is currently in the process of building out standalone websites for its key brands as it moves toward becoming a customer-centric omnichannel operation. “The Taking a Long View to Optimize Marketing Spend.
In fact, marketing agency Empower said its seen a 90% increase in consumer interest in the advent calendar category since 2020. Marketing is one thing, but if you have a unique product that resonates with people, that can propel you to wherever you want to go. In fact, the Cheese Bros.
Sweaty Betty makes more than 80% of its revenue through the direct-to-consumer channel, which was a boon during the 2020 lockdowns. The acquisition of Sweaty Betty complements our strategic shift over the last several years from a traditional footwear wholesaler into a consumer-obsessed, digital-focused growth company.
The mass store closures prompted by COVID-19 in spring 2020 could have spelled disaster for equestrian specialty brand Kerrits , which had operated as a wholesale-only business for over 25 years. Once the pandemic hit, our wholesalers had to close their stores, and we had to rethink our entire email plan,” said Florin.
based wholesale and retail business assets of the Scotch & Soda brand, which will allow its products to be sold in retail stores across the country. Bluestar brought back the Justice brand as an online-only retailer in April 2021 following its $90 million acquisition of the company in November 2020.
But after a lackluster IPO in 2020 , the company retreated from the public market just two years later when it was acquired by private equity firm Durational Capital Management in 2022. RTP: Casper has its roots in DTC, but you’ve since expanded with your own stores and through wholesale. How do you view those channels?
Founded in 1953, Laura Ashley has grown its distribution to more than 80 countries through wholesalers, digital marketplaces, and over 150 branded retail sites worldwide. Gordon Brothers acquired Laura Ashley from insolvency in 2020.
To say everyone is worn out is probably an understatement, and by all accounts marketers in particular are feeling the pressure — a staggering 70% of marketing executives said the pandemic has left them “completely exhausted,” according to a new report from Accenture Interactive. These retailers’ first task?
Reporting directly to Linnartz, Dausch led global brand, marketing, digital engagement and customer experience across all commerce channels. The appointment comes with Under Armour’s acquisition of Unless Collective , a zero-plastic regenerative fashion brand that Liedtke co-founded in 2020. When Dausch leaves the company on Aug.
BJ’s Wholesale Club has appointed Rachael Vegas as EVP, Chief Merchandise Officer (CMO). She joined BJ’s in 2020 as SVP, Chief Digital Officer and is responsible for the strategic leadership of the company’s digital business. Monica Schwartz takes on the role of EVP, Chief Digital Officer.
We look forward to growing the Gap business across key international markets,” said Adrienne Gernand, Managing Director of International, Global Licensing and Wholesale at Gap Inc. Financial terms of the deal were not disclosed. “We in a statement.
A 2020 survey by Secure Authentication Brands LLC reported that 37% of respondents admitted to wardrobing, many of whom are knowingly defrauding the system. Georgia Leybourne is Chief Marketing Officer at Linnworks. Leybourne holds a BA in Business Studies, a DipM, and is a Fellow of the Chartered Institute of Marketing.
Frisk, who has been with the company since 2017 and at the helm since 2020, will stay on as an advisor through Sept. Frisk’s remit when he joined was to reengineer Under Armour’s structure, systems and go-to-market process. He took over as CEO when founder Kevin Plank stepped down from the position in 2020 after 23 years at the helm.
A leadership revamp is also in the works, with new C-suite appointments in the company’s design, innovation, marketing and tech divisions announced in November 2023. However, currency-neutral wholesale revenues were down 3% to $7.1 Direct sales revenues were up 4% on a currency-neutral basis to $5.7
Nordstrom will work with The Folklore Group to better identify and engage with fashion and lifestyle brands founded by Black, Latinx, Asian and other people of color as well as those located in emerging markets.
Five years after launching into the market with its hero product, a true-blue fitted t-shirt, the brand now operates 9 brick-and-mortar stores, alongside thriving direct-to-consumer and wholesale operations. BY: We identified a gap in the market for high-quality, affordable basics that fit well and stand the test of time.
BJ’s Wholesale made the most dramatic moves up the rankings over the last three years, climbing from 27th place to 10th place in 2022. In fact, club stores are gaining momentum across the board, with three of the top 10 spots now occupied by these retailers: Costco (#2), Sam’s Club (#5) and BJ’s Wholesale (#10).
US Foods acquired the Smart Foodservice Warehouse business in April 2020 in a bid to expand its cash-and-carry footprint. The new additions will bring the total number of CHEF’STOREs to 87 across 13 states. In February 2021, the company rebranded to the CHEF’STORE banner.
As M+A activity continues, convenience retailers are experiencing increased pressure to maintain market share. According to the National Association of Convenience Stores (NACS) 2020 SOI Report, there are 150,274 C-stores in the U.S., despite less than desirable market conditions. in 2020 despite a 13.9%
Before joining Under Armour in 2020 as SVP of Americas Wholesale, Baxter served as President and CEO of LIDS Sports Group from 2016 to 2019. “With deep market knowledge and outstanding expertise we look forward to their proven leadership qualities helping to architect our next growth chapter.”.
Brands that take a strategic customer-centric approach can benefit from what funds customers do have and with ‘Euro summer’ heating up – Bydee is investing in meeting market demand with a localised approach. Bydee’s business boomed to new heights during the Covid-19 pandemic and resulted in a 700 per cent growth, from 2020-2021.
Buoyed by a return to growth in Q4 2020, Adidas has unveiled a new growth strategy that will transform the company into a direct-to-consumer-led business with an emphasis on sustainability. The move is in line with similar shifts made by competitor Nike, which is ditching wholesale accounts and beefing up its digital and DTC business as well.
In the case of Chemist Warehouse, the acquisition would position it as a superpower in the Australian pharmaceutical market, dominating the wholesale and retail markets through vertical acquisitions across the value chain. They sold Australis in September 1991 to the Smorgon Family.
While the brand outperformed the market, competitors like Adidas also witnessed striking growth. On March 20, 2020, Nike shares had dropped by a third from the previous month. Nike leaned into the leisure market. And, as the market turned, the cupboard was relatively empty. Almost weekly, there were new drops.
in Q2 2020, a sign that the brand is a high achiever both in-store and online. Wholesale revenue soared 157% despite the company’s plans to exit between 2,000 and 3,000 wholesale partnerships. Lululemon posted an extremely strong quarter, led by a 61% net revenue increase to $1.5 of net revenue compared to 61.4%
In these two roles that spanned almost a decade, I honed my skill sets in leading brand strategy and marketing/e-commerce efforts for some of the biggest fashion retailers in the world. IR : If you could go back in time to the first day of running Barrire, what piece of advice would you give yourself?
By focusing on eco-friendly materials and production processes, we not only contribute to a better planet but also cater to a growing market of environmentally conscious consumers.” After measuring our first carbon footprint in 2020, our attention turned to reduction.
Amid increased interest in Australian brands and the beach apparel category, Australian women’s fashion brand Tigerlily is considered as good as sold by its current owners, private equity company Crescent Capital, which is seeking to capitalise on the current market. The sale process formally kicked off in the final quarter of 2023.
The move is designed to “unlock shareholder value and foster market competitiveness,” according to the company , which has seen the price of its U.S.-listed listed shares drop nearly 70% since late 2020 amid China’s economic slowdown and a regulatory crackdown on internet firms in the country. com and other businesses.
Launched in 2017, wholesale platform Foodbomb connects restaurants and cafes with a marketplace of around 160 suppliers, simplifying the ordering process. But, in the wake of the Covid-19 pandemic, the business opened its doors to direct-to-consumer (D2C) sales to buoy the market through periods of empty supermarket shelves.
SPARC is a 50/50 joint venture of brand licensing and marketing company Authentic Brands Group and mall operator Simon Property Group. Lucky Brand is a wholesaler of dungarees and related lifestyle apparel as well as a retailer. The all-assets bid included $140.1 million in cash, $51.5
American fashion brand Brooks Brothers has relaunched in the Australian market with its new Autumn/ Winter 2023 collection. Brooks Brothers US declared bankruptcy in 2020 citing the devastating impact of the Covid-19 pandemic, and permanently closed more than a quarter of its 200 outlets worldwide.
While certain ecommerce verticals saw mind-boggling sales increases in 2020, luxury goods, including jewelry, enjoyed more modest revenue boosts, according to Signifyd Ecommerce Pulse data. Upscale jewelry designer Gorjana, for example, saw 300% growth in 2020, with a 400% monthly increase in sales between April and May 2020 alone.
in Q2 2021 while its digital comparable sales grew 10% , building on the 195% growth achieved in 2020. O’Shea pointed to two other other retailers that have leveraged their large store bases into convenient ecommerce destinations: DICK’S Sporting Goods and BJ’s Wholesale Club. Target’s Store-Based Fulfillment Model Drives Convenience.
Burton’s business has changed over the years, from almost exclusively wholesale to a 75%/25% mix of wholesale and DTC, but its systems hadn’t changed with it, explained Josee Larocque, Burton’s SVP of DTC and Digital Transformation in an interview with Retail TouchPoints. Store Associates Gain Access To Up-To-Date Data.
For as many segments as there are within the retail industry, there are arguably few as competitive as the food and beverage market. As of 2024, Fishwife was stocked in over 1800 retail locations, with wholesale partners including Whole Foods, Target and Pop Up Grocer, and had about US$6 million in annual revenue.
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