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Mosaic plans 40 new mega stores after network cull spurs profit turnaround

Inside Retail

Mosaic Brands, the Australian apparel retail group, says it will open 40 new large-sized ‘mega stores’ this financial year as it transitions into what it describes as “a more ageless, value-driven, big-box retailer”. The plans were revealed along with the group’s annual result which saw a $33.5 million turnaround from a loss of $16.4

Planning 241
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Beyond Acquires Zulily, Plans to Revive Brand in Q2

Retail TouchPoints

million in cash for the Zulily website and domain names, trademarks, tradenames, customer database, social media accounts and software, and said in a statement that it expects the Zulily site to be “fully functional” by the end of Q2 2024. plans to relaunch Overstock.com as a standalone site later this month. Beyond paid $4.5

Planning 245
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Beyond Inc.’s New Chairman Reveals ‘Bigger and Better’ Plans for the Business

Retail TouchPoints

In his first earnings season as Executive Chairman, Marcus Lemonis shared detailed plans for the future of Beyond Inc. To expedite the reemergence of Overstock, the brand’s app was re-launched earlier this month with a campaign to drive downloads planned for the next 30 days, according to Nielson. Photos courtesy Beyond, Inc.)

Planning 232
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As sales soar, Mosaic Brands plans 130 more stores

Inside Retail

Trans-Tasman apparel retailer Mosaic Brands is set to open 130 new stores as customers return to in-store shopping. According to unaudited accounts for the half year to January 1, sales grew 23 per cent driven by strong trading momentum and a higher average transaction value.

Planning 246
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U.S. Apparel Resale to Double in Next Five Years, Fueled by Retailers and Brands

Retail TouchPoints

And while North America remains the leader, resale is now clearly a global phenomenon: the worldwide secondhand apparel market is expected to grow 127% and hit $218 billion by 2026. “I The “thrifters” cohort is growing steadily, with 41% of consumers now saying that when they shop for apparel, secondhand venues are their first stop.

Apparel 296
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Carter’s Plans 50 New Stores this Year; CEO says Stores Provide ‘Best Presentation of Our Brands’

Retail TouchPoints

Children’s specialty retailer Carter’s plans to open more than 50 new stores across the U.S. Nearly 70% of children’s apparel is purchased in stores,” said Casey on the call. “We this year as it aims to hit the 1,000 -store mark by 2027, Chairman and CEO Michael Casey said on the company’s Q1 2023 earnings call.

Planning 230
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Nike to Double Down on DTC Following Q3 Gains, Plans Standalone Jordan Stores

Retail TouchPoints

Nike is pushing forward with its digitally focused direct-to-consumer strategy following a strong Q3, with plans to build “the marketplace of the future” and bring standalone Jordan stores to North America. To that end, Nike plans to begin testing a new Jordan-only store concept in North America in 2023.

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