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What luxury retailers need to know to succeed in the year ahead

Inside Retail

With travel curtailed, home-bound, experience-starved consumers flocked to luxury shopping to lift their spirits and spend some of their discretionary funds accruing thanks to Covid-19 government assistance, stimulus checks, tax relief, suspended student debt payments and the pandemic-induced restrictions.

Jewelry 228
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Meme stocks and sneaker drops: What next-gen investors mean for brands

Inside Retail

It’s taken for granted that consumers buy products from brands and retailers to wear or use in daily life. From fashion to jewellery to furniture, the specific application might vary across products, but the fundamental principle remains the same. Or does it? What’s driving this trend? .

Fashion 246
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From frumpy to fashionable: the triumphant turnaround of M&S Clothing

Retail Gazette

A big driver of his performance has been the long-awaited revival of its fashion arm. With stylish celebrity ambassadors and a booming social media channel, the retailer’s designs are a fry cry from the frumpy fashion that filled its stores not so long ago. In fact M&S clothing is – dare we say it – cool again.

Fashion 73
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Why Investors are Racing to Buy Up Amazon’s Hottest Third-Party Sellers

Retail TouchPoints

consumers starting their online searches on Amazon, it essentially functions as a product search engine — and a very popular one at that. The driving force of this aggregation is the dominance of Amazon itself , not any one product category. The bonanza is an outgrowth of Amazon’s unique place in ecommerce and the marketplace sector.

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Retailers are losing tens of millions by undervaluing their retail media assets

Inside Retail

Retail aggregators (retailers that sell multiple brands, such as electricals, beauty, fashion, home improvement, sport & leisure, pure-play e-commerce, pets and pharmacies), represent the largest section of that market at $1.4 billion – about 10 per cent more than last year. Amazon and Chemist Warehouse are also standout success stories.

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How Michael Ford pulled Greenlit Brands back from the brink

Inside Retail

Persuading the consumer that it’s going to take anywhere from 20 to 24 weeks for the goods to arrive, it’s a pretty rough discussion. Our best brand is Fantastic, which achieves 30 per cent of sales [online], which I think in this country in our category is probably best in class. We’re very strong in that sense.

Apparel 130
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Nordstrom Leaves Canada, 9 Reasons Why

Indigo 9 Digital

Nordstrom operates in one of the hardest categories in retail, apparel and accessories. 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. People did not believe consumers would buy expensive goods online.

Apparel 97