Inside Retail

APRIL 26, 2021

We hope that this will pave the way to actual legislative change that will benefit cruelty-free companies and the Chinese consumer as well as many thousands of animals,” she said in a statement. Cervasio has experienced increased awareness of animal testing by Chinese consumers in recent years. “As Cruelty-free fashion.

Fashion 242

Fashion Fast Fashion Consumer Marketing 242

Inside Retail

AUGUST 16, 2021

As the quality of living and workers’ wages reached new heights, Western brands spotted a golden opportunity and raced to set up shop in the East to reach China’s 1 billion consumers (and counting). Premium electric car business Nio ventures into fashion. Chinese sportswear company Li-Ning. Subsequently, it took off in the West.

Consumer 130

Consumer Beauty and Health Fashion Accounting 130

Retail TouchPoints

NOVEMBER 10, 2021

This has significant implications for the retail and consumer packaged goods (CPG) industry across the product value chain. A recent IBM Institute for Business Value study polling retail and CPG executives revealed that by the end of 2021, nine in 10 will be working on sustainability initiatives across the enterprise.

Fast Fashion 272

Fast Fashion Fashion Consumer Accessories 272

Inside Retail

OCTOBER 30, 2023

Skims’ dive into the menswear market On the expansion into the menswear category, Jens Grede, the CEO and co-founder of Skims explained that the brand’s decision “was reinforced by a growing number of men who have already embraced the brand’s existing product offerings, with men accounting for over 10 per cent of Skims’ existing customer base.”

Apparel 130

Apparel Department Stores Marketing Consumer 130

Retail TouchPoints

FEBRUARY 23, 2021

Macy’s Q4 and full-year 2020 results show signs of a turnaround for the department store, hard hit, like many of its counterparts, by the COVID-19 pandemic. We anticipate annual digital sales to reach $10 billion within the next three years, and that digital will become an even more profitable contributor to our business.”.

Department Stores 211

Department Stores Returns Jewelry Apparel 211

Retail TouchPoints

JULY 9, 2020

For the luxury category, the pandemic’s impact has been multi-faceted, raising the stakes for brands to have larger conversations around how the “luxury experience” is defined and created for an evolved consumer base. Trend 1: Evolving Consumer Priorities Could Depress Luxury Spending. trillion in current exchange rates.

Clienteling 255

Clienteling Consumer Accounting Boutique 255

Inside Retail

APRIL 28, 2021

The Chinese fast fashion giant may be one of the most downloaded fashion apps around the world, but it continues to maintain a low corporate profile. Ask any consumer to name a fast fashion retailer and they probably think of H&M, Zara or Gap. billion (US$10 billion) in 2020.

Fast Fashion 162

Fast Fashion Fashion Target Market Consumer 162

Retail Gazette

APRIL 8, 2024

Ted Baker is set to close 15 UK stores and cut some head office roles, as administrators take action to try to save the fashion brand. But the brand’s problems predate Debenhams’ demise in 2020. Retail Gazette takes a closer look at what went wrong at Ted Baker. “I don’t think the range moved on particularly.

Department Stores 104

Department Stores Fashion Returns Accounting 104

Small Biz Trends

JULY 23, 2022

10 Online Businesses for Sale in July 2022. Women’s Fashion Apparel, Shoes & Accessories. Established in 2012, this Women’s Fashion Apparel, Shoes & Accessories brand is an E-commerce powerhouse. This includes a 200% growth from 2019 to 2020. READ MORE: How to Buy a Business. billion by 2028).

Accessories 69

Accessories Apparel Location Fashion 69

Inside Retail

MARCH 31, 2022

When the Nanjing-based company was established, in 2008, it was labelled a discount brand, selling ultra-cheap, of-the-moment fashion. Fast forward to 2020 and Shein had become the world’s largest online-only fashion firm, valued at more than US$30 billion ($40.1 million followers and #Shein has captured over 24 billion views.

Fast Fashion 130

Fast Fashion Payment Services Fashion Shipping 130

Inside Retail

MAY 29, 2022

Retailers in Southeast Asia, like elsewhere, have accelerated their adoption of digital platforms as consumers have been forced online to meet their everyday needs. Singapore-based e-commerce platform Shopee broke its 2020 record with over 2 billion items sold throughout the 11.11 DTC is poised to grow. The VMware Digital Frontiers 3.0

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Social Commerce Consumer Shopping Grocer 130

Inside Retail

APRIL 25, 2022

In a statement via its official account on Weibo, a local social media platform, the brand explained that its departure was due to an “adjustment of the brand’s global strategy”. The next retailer that looks to be in trouble is fast-fashion titan H&M. Last August, Urban Outfitters announced it was exiting China temporarily.

Fashion 130

Fashion Accounting Fast Fashion Accessories 130

Retail TouchPoints

MAY 20, 2022

The designer fashion brand launched its own ecommerce operation in 2008, at a time when many other high-end specialty labels were still turning up their noses at digital. But Ken Natori wasn’t a fashion executive, and that made him the perfect fit to lead the transformation of this designer label into an omnichannel brand. “My

Wholesale 224

Wholesale Department Stores Fashion Social Commerce 224

Indigo 9 Digital

FEBRUARY 28, 2023

New ultra fast fashion competitors like ASOS and Boohoo entered the market and did what Forever 21 did but better. After Forever 21 opened its first store in 1984 in the United States fast fashion started to gain in popularity. It was easy for Forever 21 to capture the hearts and minds of young consumers looking for trendy apparel.

Fast Fashion 98

Fast Fashion Fashion Apparel Department Stores 98

Inside Retail

FEBRUARY 21, 2022

A spokesperson for the brand said the price adjustment would affect Louis Vuitton stores worldwide and cover leather goods, fashion accessories, and perfumes. As travel and other services have halted, consumers’ accumulated savings have been spent on long-term investment luxury items, such as handbags and watches. billion ($101.3

Accessories 130

Accessories Fashion Boutique Accounting 130

Indigo 9 Digital

MARCH 17, 2022

Amazon is the first channel consumers turn to when conducting a product search online ahead of even Google. If you are struggling with whether to sell on Amazon or if you already sell on Amazon and are wondering if you should stay on the platform then consider these 10 factors to help inform if whether Amazon is the platform for you.

Merchant Services 96

Merchant Services Advertising Shipping Wholesale 96

Inside Retail

NOVEMBER 22, 2022

billion at today’s exchange rates, accounting for close to a quarter of the revenue from the company’s department store business. per cent in 2020. Shopping accounted for about one-third of the money that tourists splashed in the country, on average. trillion yen, still more than 10 per cent below 2019.

Department Stores 130

Department Stores Boutique Accounting Returns 130

Retail Gazette

OCTOBER 5, 2023

Archie Norman Archie Norman has spent the last six years overseeing food and fashion group M&S’s turnaround plan as it looks to re-establish its brand, win back consumers and return to profit. Sound familiar? Price stepped down as deputy chairman and managing director of Waitrose in 2016 after 33 years at the business.

Supermarket 109

Supermarket Department Stores Grocer Returns 109

Retail TouchPoints

MARCH 9, 2021

trillion by the end of 2020 — that’s over double the size of the U.S. Chinese consumers have a growing interest, and affinity for, Western brands and products, particularly in the luxury sector. So any ecommerce strategy has to start with researching and understanding these complexities as well as what drives consumers.

Consumer 218

Consumer Marketing Accounting Fashion 218

Inside Retail

APRIL 24, 2023

With the return of tourism to New York after pandemic-related declines, luxury retailers are again betting on refreshed flagships to drive consumer interest and traffic. billion euros in 2022 from 3 billion euros in 2020 and is forecast to reach 7.4 billion euros in 2022 from 3 billion euros in 2020 and is forecast to reach 7.4

Returns 130

Returns Accounting Location Management 130

Inside Retail

MAY 8, 2022

In the Middle East and North Africa (MENA) region, the quick-commerce market size stood at US$9 billion in 2020 and is estimated, Statista reports, to grow by 24 per cent annually, to reach US$20 billion by 2024, and US$47 billion by 2030. How are consumers using quick commerce? Speed may not be the factor driving consumer uptake.

Fulfillment 130

Fulfillment Consumer Marketing Shopping 130

Inside Retail

FEBRUARY 8, 2023

Arte Museum will occupy approximately 4,750sqm of space that was vacated by Arclight Cinemas when it closed in 2020. The Arte Museum exhibition concept debuted in the Korean city of Jeju in September 2020, followed by branches in Yeosu and Gangneung in 2021. Are we expecting too much of experiential retail?

Department Stores 130

Department Stores Fast Fashion Shopping Location 130

Inside Retail

AUGUST 17, 2021

One day in the not-too-distant future, consumers will be able to walk into mainstream retail stores and buy pleasure products like vibrators and dildos without raising an eyebrow. Every quarter, there’s a new knowledgeable mainstream account being added.”. We’re selling at Walmart, Goop and Urban Outfitters,” Plettenberg said.

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Beauty and Health Department Stores Consumer Location 246

Inside Retail

AUGUST 9, 2021

When it comes to the biggest markets in the world, in terms of consumers, China is at the top of the list. As times change, the behaviour of this consumer group is also shifting and how they’re spending isn’t the same as 10 years ago or even five years ago. This large group of men is the foundation of China’s “he economy”.

Consumer 130

Consumer Payment Services Marketing Shopping 130

Rangeme

MARCH 29, 2022

In 2022, in-demand retailers and consumer packaged goods (CPG) brands will invest in stores while others will pare down their physical presence. Consumers still love to see what’s in store. A decade in review: Ecommerce sales vs. total retail sales 2011-2020. August 5, 2020. , In 2020, e-commerce accounted for 19.6%

Checkout 52

Checkout Supermarket Department Stores Shopping 52

365 Retail

JANUARY 20, 2022

The findings, using Scottish Government and Scottish Retail Consortium (SRC) data, reveal sales slumped by more than 12% in 2020 and 2021 compared to before the pandemic, with shops losing out on around £3 billion each year. There is no realistic path back to economic recovery that doesn’t involve revitalising consumer spending.

Shopping 64

Shopping Accounting Fashion Returns 64

Indigo 9 Digital

JANUARY 27, 2023

Chart of Amazon US eCommerce Sales by Product Category, 2022 With Amazon dominating the apparel sector many direct to consumer brands which once shunned Amazon are now setting up shop on the platform. Amazon is expanding into the fashion resale business with a new partnership with Rent the Runway. Grab share in the resale market.

Apparel 52

Apparel Fashion Accessories Shopping 52

365 Retail

MAY 7, 2021

2020 was a year like no other, and the shockwaves caused by the pandemic have inherently altered consumer-facing operations at their very core. over the six weeks of Christmas 2020, the worst-ever outcome. As a consequence, primarily brick-and-mortar retailers suffered an average fall in sales of 12.7%

Merchant Services 96

Merchant Services Payment Services Returns Inventory Management 96

Wiser

OCTOBER 2, 2020

We have answers in this webinar, held on September 25th, 2020, and hosted by the Category Management Association. COVID-19 has changed how the entire retail industry operates from brands to retailers and especially consumers. Retail in 2020. I’m Phil McGrath, the vice president of business development. Happy to be here.

Consumer 148

Consumer ATS Merchant Services Outdoor 148

M19 Retail

JULY 28, 2020

Increased competition requires that successful retailers more accurately plan and execute to have the right products available at the appropriate retail location to meet consumer needs. Decrease in inventory cost of seasonal and fashion products. Increase in accounts payable invoice matching efficiency. LOST SALES. -10%.

Planning 98

Planning Inventory Management Management Accounting 98

Retail Gazette

DECEMBER 28, 2023

Lyssa McGowan, chief executive, Pets at Home Pets at Home hired Sky chief consumer officer Lyssa McGowan as its new chief executive. She has unveiled plans to create a new “consumer function” arm combining the company’s digital, marketing and customer value proposition teams, led by a newly created role of chief consumer officer.

Grocer 67

Grocer Promotions Fashion Management 67

Rangeme

DECEMBER 7, 2021

and global consumer packaged goods (CPG) suppliers and retailers clarity on adapting to and satisfying consumers’ evolving needs. October 14, 2020. , Also, Dollar General and Dollar Tree added stores to help more consumers stretch every dollar. 10 Salpini, Cara. This trend analysis can give U.S. 1 Bertoni, Steven.

Beauty and Health 52

Beauty and Health Consumer Grocer Shopping 52

Retail Prophet

MARCH 24, 2022

This article originally appeared on Business of Fashion. BoF’s podcast series Retail Reborn returns for a second season, presented by Brookfield Properties , to investigate the consumer of tomorrow, and how their changing lifestyles and expectations will drive evolution in the retail industry.

Fashion 52

Fashion Payment Services Sporting Goods Returns 52

Rangeme

JANUARY 11, 2022

and global retailers and consumer packaged goods (CPG) brands focus their efforts and thrive this year, let’s see how the retail industry is changing and which practices can help to drive growth. That seems very old-fashioned now.” April 7, 2020. 10 Browne, Michael. Make 2022 your company’s best year yet. To help U.S.

Beauty and Health 52

Beauty and Health Consumer Returns Grocer 52

Inside Retail

JUNE 1, 2022

But within a few weeks, the local non-Asian population was accounting for four out of every five sales. Pop Mart, which describes itself as an “art toy store”, might seem an unusual concept to a Western consumer. Typically, these collections are planned a year in advance of launch and take 10 months to develop. million.

Marketing 130

Marketing Net Profit Planning Promotions 130

Inside Retail

JANUARY 11, 2022

Inside Retail : When I spoke with Gerry Harvey a few months into the Covid-19 pandemic in 2020, he described it as one of the best things for his business because of how much people were spending on their homes. When I’ve seen advertisements recently for Freedom, they do have a very fashion feel to them.

Apparel 130

Apparel Returns Accounting Management 130

Indigo 9 Digital

MARCH 31, 2023

From new online luxury competitors, to the casualization of fashion, to a pandemic and now historically high rates of inflation. More brands are selling direct to consumer. This has resulted in many luxury brands lessening their reliance on wholesale accounts like Nordstrom. But they do now. Brand awareness. "The Assortment.

Apparel 97

Apparel Department Stores Wholesale Beauty and Health 97