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Mosaic Brands names Erica Berchtold as new CEO

Inside Retail

The incoming CEO expressed optimism about the company, noting the growing fashion market and demand for affordability. Profit lifts on lower sales During the fiscal first half, Mosaic Brands’ net profit surged 121 per cent to $5.4 “Low price is also not the antithesis of style. per cent to $234.1

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Analysis: a perfect retail storm is brewing

Inside Retail

Inflationary pressure on consumer discretionary spending, supply chain disruptions and elevated inventory levels, which tie up a retailers’ net working capital, are set to create the perfect storm for retailers that do not have a strategy in place to ensure they are well positioned for the choppy market conditions ahead.

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Inditex joins growing exodus of western brands from China

Inside Retail

Inditex’s other brands, including Zara and Massimo Dutti, however, will remain operating in the market. The withdrawal of the labels from China follows American Eagle Outfitters’ recent move to close its local e-commerce stores in the country, prompting its departure from the market.

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Kathmandu Group rebounds in FY22 despite lockdown, supply chain impacts

Inside Retail

The group ended the year with a underlying net profit of $64 million – more than double what was achieved during FY20. According to Daly the year ahead isn’t likely to be a walk in the park, despite the path out of lockdowns being phased into its key markets of Australia and New Zealand. per cent. “Rip

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Why LVMH outperformed H&M amid a cost-of-living crisis

Inside Retail

The former, a fast fashion giant based in Sweden, saw a slump in fourth quarter earnings, with its operating profits falling by 87 per cent year on year, and its net profit declining by about 68 per cent. LVMH appears to have been able to offset these challenges, with strong growth in the US, European and Japanese markets.

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R.M. Williams crafts quality and service from people and tech

Inside Retail

Creating a place for the consumer to belong The Sydney flagship, located at 243 George Street, is a fusion of the brand’s history and futuristic technology, all designed to give the customer the best experience possible. “My Also the company returned to a net profit, of A$36.8 million net loss in the prior corresponding period.

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City Chic’s online focus pays off in FY21

Inside Retail

Plus-size fashion firm City Chic has enjoyed the consumer-led switch to online retail, with 73 per cent of its FY21 total sales of $258.5 Heading into FY22 City Chic is focused on the strategy of delivering its significant product range to the global plus-sized market through its global digital and physical storefronts,” the business said.