article thumbnail

Zalando cuts 2023 sales forecast as demand stays weak

Inside Retail

The Germany, Austria, and Switzerland region, which accounts for nearly half of Zalando’s sales, was the worst-performing, with revenue down 5.6 The company’s market value has dropped over the past two years as shoppers, freed from pandemic restrictions, returned to stores and ordered fewer clothes online. per cent from 39.1

Boutique 130
article thumbnail

The China Syndrome: Japan department stores missing tourist shoppers

Inside Retail

billion at today’s exchange rates, accounting for close to a quarter of the revenue from the company’s department store business. This year, Isetan-Mitsukoshi projects sales to return to pre-pandemic levels and even beat the record set in 2018. In 2019, it brought in 233.5 billion yen, or about $2.5 per cent in 2020.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Retail Media will add Fuel to the Fire for M&A in AdTech

Retail TouchPoints

Even more impressive, eMarketer expects it to nearly double, from $31 billion in 2021 to more than $61 billion by the end of 2024, when it will account for almost 20% of digital advertising spend. Having the data is one thing; using it to target ads, provide ad analytics and demonstrate a return on ad spend (ROAS) is another.

article thumbnail

Parlour X founder Eva Galambos on her life as a luxury fashion buyer

Inside Retail

Tastemaker and entrepreneur Eva Galambos first opened the doors to her luxury multi-brand boutique Parlour X in 2001 in Sydney, when she began introducing major international labels to Australian consumers, from Balenciaga to Vivienne Westwood. . For one, there were very few dedicated luxury boutiques in Australia.

Fashion 130
article thumbnail

October Atlanta Apparel Closes Out 2021 with Pre-Pandemic Participation Levels

Independent Retailer

October Atlanta Apparel continued the upward attendance trajectory evident throughout 2021, with notable gains in accounts from the Northeast (+34%) and Southwest (+237%), augmenting its core Southeast and Midwest attendance base. We are a new online boutique launching in February 2022. Increased Traffic. Live Selling.

Apparel 78
article thumbnail

MAGIC Welcomes New Nashville Show

Independent Retailer

MAGIC Las Vegas will return to the Las Vegas Convention Center on February 14 – 16, 2022 and again on August 8 – 10, 2022. MAGIC New York is also returning on February 27 – March 1, 2022 and again September 18 – 20, 2022 at the Jacob K. New Categories & Opportunities. Grow Your Business at MAGIC.

article thumbnail

Forget the lipstick effect. It’s fragrance’s time to shine

Inside Retail

Surprisingly, new launches accounted for only a small percentage of the sales. Ultra luxury perfume brands Kilian and Editions de Parfums Frédéric Malle began establishing their physical presence in China through pop-ups and new boutiques last year. The post Forget the lipstick effect.

Boutique 147