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ThredUP is teaming up with TikToker Nava Rose to launch the Dump Fast Fashion Shop, an online secondhand storefront to help consumers thrift for Valentine’s Day and beyond. The company also continues to grow its resale-as-a-service offering, with specialtyretailer Francesca’s tapping ThredUP to power its new resale offering.
In 2014, fashion veteran Christopher Molnar decided to go after a white space he felt was being overlooked by the big fashion houses — premium essentials. Molnar grew up in the fashion business — his father helped launch Hugo Boss into North America in the ‘70s. Product that Delivers on its Promise.
Despite hitting the market just six months ago, it’s already stocked in major retailers, including Myer, Surfstitch, The Iconic and Revolve, as well as dozens of specialtyretailers across Australia and New Zealand. And it’s set to launch on Showpo and North Beach, online retailers in Australia and New Zealand, in July.
For an all too brief period, the Alceon investment house achieved its ambition to be the largest womens fashionspecialtyretailer in Australia. The only problem was the nine retail brands trading from around 1350 stores were a house of cards with a flawed investment play without retail smarts.
Specialtyretailer rue21 continues to invest in its size-inclusive product offering, extending its plus-size fashion to an additional 36 stores. In December 2020, the retailer also recruited retail executive Candace Kearney, who joined rue21 from plus-size fashionretailer Torrid.
The specialtyretailer disclosed those departures at the same time as it put out a separate release on its first quarter earnings, which showed a drop in revenues and a widening net operating loss. Founded in 1982, Vera Bradley designs and sells women’s handbags, luggage and other travel items, fashion and home accessories, and gifts.
“It’s been squeezed on all sides by superior online players like Amazon, emerging online competitors like Temu, discount department stores – Kmart and Big W in particular – and specialtyretailers [like] Toyworld,” Bird told Inside Retail. Unlike books, electronics or fashion staples, toy shopping is inherently sensory.
per cent since the firm became independent in 2021, underperforming the S&P Composite 1500 SpecialtyRetail Index by 93.4 The investor listed several issues it urges the company to address during the earnings conference call this week, citing a lack of productive two-way dialogue. percentage points.
Department stores, specialtyretailers and luxury brands alike will display their holiday spirit using best-in-class design and storytelling strategies to draw these shoppers in. A panel of judges will take to the streets of New York City to visit store windows in the heart of the retail and fashion industry.
At the same time, the rental and fast fashion sectors are expected to remain relatively flat, and department stores, value chains and mid-priced specialtyretail will lose ground. Retailers and Brands Take the Baton. Value is always in fashion when economic uncertainty is high.”.
Munro Footwear Group has bought specialtyretailer The Trybe from The Accent Group, marking its 10th acquisition in 10 years. The Trybe has 16 stores and offers kids’ shoes from global brands such as Nike and Asics, as well as other popular on-trend and utility brands.
We started as a direct-to-consumer brand, and now you can find Fishwife in 5000 brick-and-mortar retailers across the US, including Whole Foods, Sprouts, Target and thousands of incredible independent specialtyretailers. Big ones have been with Fly By Jing, Lisa Says Gah!, Jacobsen Salt, Susan Alexandra and many more!
The department store retailer took a similar route by dividing Saks Fifth Avenue into distinct ecommerce and brick-and-mortar companies — a move that could become a trend among apparel and specialtyretailers. Saks OFF 5TH provides a compelling assortment of brands to fashion-seeking customers at the best prices.
Global intimate specialtyretailer Victoria’s Secret, has expanded its presence in Australia with the launch of an e-commerce beauty store. Victoria’s Secret is managed by Valiram (Luxtralia) Pty Ltd in Australia, the multi-brand specialist lifestyle and fashion distributor and retailer with 400 stores in Southeast Asia and Oceania.
Gaining visibility Another example of the benefits seen with a unified commerce platform is fashionretailer Eileen Fisher. In retail, some of the promising applications include demand planning and forecasting, as well as store layout optimisation, all of which drive growth.
Australian fashion boutique Princess Polly has teamed up with specialtyretailer Pacsun to expand its offering into the US. The brand – which previously sold in pop-up locations – will now be stocked in 15 Pacsun retail stores and online.
US specialtyretailer Pacsun has expanded its partnership with Australian online fast fashion boutique Princess Polly stocking a dedicated fall capsule collection in 100 US stores. This exciting venture reinforces our position as a leading curator of fashion experiences for our valued communities.”
Overstock leads to: Higher storage costs Product obsolescence or spoilage More frequent discounts Reduced cash flow for new inventory As a result, this impacts specialtyretailers and wholesalers alike, especially in fashion and seasonal categories where trends shift fast. A new context can turn a stale item into a must-have.
Vlad Yakubson has been appointed as the new CEO and MD of specialty home fragrance retailer, Dusk Group. Yakubson has more than 25 years of experience in specialtyretail and is currently the GM of the men’s fashion brand, YD.
With the need for inventory to sell to retailers, it can be tough accessing that capital. To navigate this, we’ve focused on cultivating small yet impactful retail partnerships, including professional salons and specialtyretailers, to ensure sustainable growth.
Business Specific Analytics and AI for SpecialtyRetail. The word “retail” gets used interchangeably as if all retailers are all the same. Fashionretailers need to account for size curves for every SKU. The one constant in specialtyretailing is that there are no constants. Not that much.
Olivia Wirth, who became Myer executive chair, replacing King, joined the board of Myer Specialty Brands in July after announcing the approach to Premier “to explore a potential combination” of Myer and Premier’s apparel brands. If the merger does proceed, it will lift Myer’s revenue from around $3.26
Initially known for its Merino wool-crafted coasters, the brand has ventured into adjacent categories including kitchen, workspace and fashion. However, the brand has especially profitable relationships with the specialtyretailers that focus on curating unique products from emerging and lesser-known brands.
Tom Ford Fashion names new CEO following acquisition By Dean Blake Former Bulgari executive vice president Lelio Gavazza will take up the role of chief executive at Tom Ford Fashion, effective September 18. In this role, Gavazza will report directly to Ermenegildo Zegna, chairman and CEO of Zegna Group.
Once the go-to for everything from fashion to homewares, theyre now struggling to stay relevant in a world of online shopping, specialtyretailers, and shifting consumer habits. Initially led by eBay, Australian consumers were suddenly empowered to shop beyond their local retail stores.
1 on RalphLauren.com, the Ralph Lauren app, the Polo-67 app, in select Ralph Lauren retail stores and at specialtyretailers including Bodega , Citadium , Highsnobiety , BSTN , LVL Gaming hub , Beams and CMG Central World. The physical apparel capsule collection will be available on Nov. 2, 2022, exclusively on RalphLauren.com.
So far, TheRY has spread mostly through word-of-mouth, but now the co-founders are now looking to leverage medical endorsements and increase their distribution through specialtyretailers to raise awareness and reach new customers. “We’re
The range is available online from the Teva store and from specialtyretailers. The post Teva partners with Black Rainbow to unveil Pride Sandals appeared first on Inside Retail. The collaboration features three new styles for all genders with vibrant colours capturing the spirit of equality and diversity.
There, specialtyretailer Filson (Seattle) – a 124-year-old maker and seller of men’s and women’s outdoor clothing, accessories and luggage – opened a flagship store whose interior incorporates major structural elements of a rustic barn.
Marie Driscoll, a chartered financial analyst and a professor at Parsons, The New School and the Fashion Institute of Technology, told Inside Retail that the deal was inevitable considering the current state of US department stores. “The
There’s a real need for retailers to invest today and innovate wherever possible to differentiate in a crowded and hugely competitive market.” Another fashionretailer says innovation is required in evolving retailers’ propositions and how they set targets for growth. “If Amazon has a lot to answer for,” he argues.
This program will cover around 111,000 sq ft of retail space across levels one to three. Shoppers can expect a specially curated mix of well-established, premium brands, across fashion, beauty and lifestyle categories, with new retail formats and elevated shopping experiences. An eclectic mix.
New ultra fast fashion competitors like ASOS and Boohoo entered the market and did what Forever 21 did but better. Not only are these retailers fast to market with their trendy designs they are also skilled eCommerce operators. In the 2000s the internet met fast fashion, and a slew of new competitors began to emerge.
The specialtyretail group, consisting of 1660 stores, has experienced a same-store sales increase of 6.0 per cent, led by fashion apparel and accessories, and health and beauty.
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Manhattan Associates Inc.,
According to a 2019 study by McKinsey, young Chinese consumers will account for 65 per cent of the growth in luxury fashion and accessories globally heading into 2025. The post Analysis: Luxury retail in the post-Covid landscape appeared first on Inside Retail. There can be no doubts about the opportunity. cegid.com/en.
Retail software vendor, Cegid, has announced that the Italian fashionretailer, Benetton Group, will roll out Cegid’s cloud-based unified commerce and POS platform across its global store estate following a successful deployment in 29 stores in Italy.
Clienteling productivity (whether through virtual appointments, personal shopping, or even picking up the old fashioned phone) will be critical for specialtyretailer performance. Metrics like traffic as a percent of occupancy limits will be useful as retailers understand what percent of possible traffic is visiting.
and in the process laid waste to untold numbers of local independent and specialtyretailers as well as mid-sized regional chains. The post Walmart’s “Wirkin” Class Problem appeared first on Retail Prophet. The company opened hundreds of Supercenters across the U.S.
Electronics and games retailers have presales and major demand spikes on game release days. Fashionretailers need to account for size curves for every SKU Jewelry retailers carry low quantities of one-of-a-kind stones that need to be strategically stocked in stores they are most likely to sell.
What is a Good Inventory Turnover in Retail? A “good” turnover ratio varies significantly across retail verticals. Inventory-intensive retailers like grocers may see only 5-10 turns per year. Fashionretailers may see 8-12 turns or more. The average inventory turnover across retail is around 9x.
Free-flow layout: Boutique and specialtyretailers benefit from a free flow layout. Merchandise the basics toward the rear of the store so shoppers have to walk past fashion and seasonal merchandise to get to them. Loop layouts generally work best in a larger footprint. Items here should be merchandised with particular care.
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