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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 serve as an exciting new innovation lab for BJ’s Wholesale Club,” said Bill Werner, EVP, Strategy and Development at BJ’s Wholesale Club in a statement. “We The first 43,000 -square-foot concept store opened in Warwick, R.I.
billion Kroger-Albertsons tie-up as well as the November 2024 end of a planned Capri Holdings and Tapestry merger. After moving aggressively into direct sales in 2020 and 2021, Nike had to begin rekindling wholesale relationships with retailers including DSW and Macys in late 2023. Walgreens Agrees to $192.5M
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.
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.
Nike has laid out a plan to cut up to $2 billion in costs over the next three years in a bid to “accelerate future growth while building a faster, more efficient” organization, executives shared during the company’s fiscal 2024 Q2 earnings call. However, currency-neutral wholesale revenues were down 3% to $7.1
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. We began the journey by getting our heads around the data.”.
The shoe retailer reportedly closed its wholesale accounts with Fred Meyer , Zappos , Dillard’s , City Blue , VIM , EbLens , Belk , Bob’s Stores and Boscov’s in August 2020. The shoe brand is planning to expand its own brick-and-mortar footprint with 30 additional stores in the second half of 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.
The German grocery giant will be able to go ahead with its plans to launch the pub inside its Dundonald store, based near Belfast, after a judge dismissed an appeal raised by another trader. Lidl has been granted permission by a High Court to open its very first pub in Northern Ireland.
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?
He was previously head of category for brands at M&S and will now be tasked with bringing together the franchise and wholesale selling models under a unified structure. Current MD of itsclothing & home arm Richard Price, whos been in the position since 2020, will be stepping down after a handover period at the end of April.
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.
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.
The company plans to reduce its debt and give senior lenders additional ownership as it seeks to reverse its fortunes or, potentially. The retailer plans to use this as an opportunity to negotiate with landlords as it restructures its finances, according to court papers. sell off brands.
Bass stores, as part of a restructuring effort that will result in the company putting more emphasis on its wholesale operations. We believe that this restructuring plan will enable us to greatly reduce our retail losses and to ultimately have this segment become profitable,” said Morris Goldfarb, Chairman and CEO of G-III in a statement. “We
During her time at Lululemon, which spanned 13 years from 2012 to 2020, Shaughnessy led over 40 stores and oversaw the brand’s national wholesale and community presence in ANZ. LSKD was recently named ‘Business of the Year’ in the 2024 Telstra Best of Business Awards. It also took home the award for outstanding growth.
GNC Holdings, the retailer’s parent company, went through a “pre-packaged bankruptcy” in June 2020 that included closing 800 to 1,200 of its stores. As part of the bankruptcy plan, Harbin Pharmaceutical Group Holding Co. purchased GNC for $760 million.
The appointment comes with Under Armour’s acquisition of Unless Collective , a zero-plastic regenerative fashion brand that Liedtke co-founded in 2020. From 1996 to 2019, he was acting CEO and Chair of the Board of Directors, and in 2020 he was appointed Executive Chair and Brand Chief. When Dausch leaves the company on Aug.
BJ’s Wholesale Club has appointed Rachael Vegas as EVP, Chief Merchandise Officer (CMO). Vegas will be responsible for the strategic leadership of the company’s merchandising and assortment planning and allocation functions and will report to Paul Cichocki, EVP, Chief Commercial Officer.
The company operates a portfolio of 85 department stores, 87 home improvement superstores, 695 supermarkets, 41 hypermarkets, 13 wholesale warehouses and a slew of specialty retail brands across multiple categories, totalling 3844 sales locations in all. hypermarkets and three more Mini Go!
The company will emerge with significantly less debt and continue operating 130 stores, its ecommerce site and the Waste Not Paper by Paper Source wholesale division. Elliott also owns Barnes & Noble , and the firm plans to look for mutually beneficial retail partnerships that leverage complementary aspects of each retailer.
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%
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.
Party City is scaling up its Halloween operations with plans for 80 to 100 seasonal Halloween stores in 2021, compared to just 25 in 2020. The retailer also is remodeling stores to create a new concept with better curated assortments, lower shelf heights and better signage, with plans to reach 98 locations by the end of the year.
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.
The mall operator joined with Authentic Brands and mall owner Brookfield Property Partners to purchase Forever 21 out of bankruptcy in February 2020. The IP deal is valued at $90 million and includes the option to purchase inventory related to the e-Commerce and wholesale businesses at an additional cost.
Co-founded by longtime friends Nyakio Grieco and Patrick Herning, the CEO of plus-sized fashion brand 11 Honor, the idea for the business came about during the height of the 2020 Black Lives Matter movement. This is where Thirteen Lunes next plan of action comes in. As part of the integration, Thirteen Lune has been restructured.
Since Santamaria took over in 2020, growing Seafolly’s international presence has been a key focus. Excitingly we’ve seen double-digit growth across our retail, wholesale and online channels.”. Closer to home, Seafolly has big plans for the upcoming Australian summer, its busiest trading period. “We International focus.
Alibaba Group is undergoing the most significant restructure in its 24-year history with plans to split the company into six groups, each of which will have its own leadership team and financial structure. listed shares drop nearly 70% since late 2020 amid China’s economic slowdown and a regulatory crackdown on internet firms in the country.
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. New Zealand was naturally the first international market for the retailer in 2017, and it now has 48 stores there.
Touchland’s rapid growth has inspired founder and CEO Andrea Lisbona to invest in a robust enterprise resource planning (ERP) system that supports scalable, data-driven expansion. Ulta launched Touchland in 1,300 stores in January 2020 — and its products sold out within two weeks.
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.
With so many resources directed at these critical functions and capabilities, early 2020 saw brands’ non-essential processes drop into a state of suspended animation. CSR plans, even those with strong support at the Board level, made little progress on the ground in favor of efforts aimed squarely at keeping the business viable.
Bydee’s business boomed to new heights during the Covid-19 pandemic and resulted in a 700 per cent growth, from 2020-2021. I was thinking wholesale and was taking my product around to stores and I remember being rejected all the time. In August 2020, Bydee moved from a three-by-three-metre space into a 200sqm warehouse.
In 2020, Australian teen fashion brand Pavement joined a large list of retailers that entered voluntary administration, citing the Covid-19 pandemic as a major factor contributing to their exit from the retail landscape. Are there plans for expansion beyond this partnership? IR: How significant will Pavement’s presence be across Big W?
VillageMD will remain a standalone company with its own board and management, with plans to conduct an IPO in 2022. Walgreens is planning to open at least 600 Village Medical at Walgreens primary care practices by 2025 and 1,000 by 2027, building on the 80 that are expected to open by the end of 2021. billion in 2021.
It acquired Driza-Bone in 2017, and keeping the ownership of the heritage brand on Australian soil was a priority for Elliott, who took over as CEO of Propel Group in 2020, after a year as COO of the company. Elliott confirmed that heritage brand Rossi Boots, which Propel acquired in April 2020, is in negotiation to be sold toKidman and Co.
According to the panelists, COVID-19 has had a positive impact for some businesses, accelerating expansions that were already planned or encouraging a diversified income stream. The Pandemic Has Accelerated Some Businesses’ Growth. What about San Francisco or Birmingham or Charlotte?’”. An Opportunity To Try New Things.
Costco Wholesale Corporation plans to invest $4 billion in capital expenditures this fiscal year, up 10 percent from 2021 and 42 percent more than 2020. The warehouse club retailer, which opened 20 new locations last year, plans to open 28 in 2022.
And while the majority of retailers didn’t break any records, most reported steady growth and in-store traffic improvements compared to 2020. Walmart is planning to tap into this growth by leveraging its massive brick-and-mortar footprint to further grow its last mile capabilities. The one exception?
For example, there are organizations that don’t have control over their suppliers, so they need to put that as a limitation in their planning. There’s no one-size-fits-all; people have to make a choice,” said Gandhi. Organizations need to protect against the areas they they’re most vulnerable to. ”. “The
Jessie Sadler founded Christina Stephens in 2020 after her mother complained that she couldn’t find good fashionable clothing after experiencing a fall. “We Too much fabric in the wrong spot can cause excruciating nerve pain, putting the kibosh on any plans you had for the day.”. It can be universal, but it must be adaptive,” she says.
Designworks is the wholesale arm of Brand Collective, which recently merged with Pas Group to form a $600 million business in April. Designworks’ divisional general manager Brooke Norton told Inside Retail that the brand sells about 15 million units each year and is heading towards $200 million in wholesale sales.
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