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The brand also is sold in premium wholesale channels around the world and has a subscription service, Vince Unfold , that is operated by CaaStle. Vinces Interim CEO David Stefko will step down from that role and resume his position on the brands board of directors.
During the pandemic, ecommerce returns majorly impacted retailers profit margins. As customers return to in-store shopping, retailers are continuing to face an increase in returns from online and in-store sales. This holiday season, consumers who frequently make returns may be in for a surprise.
Renewed Focus on Wholesale Nike CEO Elliott Hill. Photo courtesy Nike) Hill emphasized on the earnings call that improving and expanding sales in the wholesale channel is a key Nike initiative under his watch. Wholesale revenue totaled $25.9 Nike Full-Year Financial Results Full-year sales totaled $46.3
But one area of commerce has stubbornly resisted this move toward digitization — wholesale. People basically just ignored the third leg of that triangle though, the wholesale leg.” For nearly two decades now online marketplaces have proliferated, beginning with Ebay and Amazon, followed by Walmart, Etsy and countless others.
Online B2B wholesale marketplace Faire has closed a $400 million Series G funding round, its third in the last year. The Series G funding round was co-led by new investor Durable Capital Partners and returning investors D1 Capital Partners and Dragoneer.
If you’re a wholesale retailer or brand owner and you haven’t already launched a direct-to-consumer sales channel, you’d better be thinking about it. The global pandemic not only accelerated the growth in ecommerce, it highlighted the shortcomings of wholesale-only sales channels. Digital Marketing. to visit your website.
Vaccarella is no stranger to retail — Bogg has wholesale partnerships with Dick’s Sporting Goods and Bass Pro Shops , among others — and she has mastered a model in which the brand develops exclusive designs tailored to each partner’s shopper base. We started doing trade shows and focused on wholesale. This is just the beginning!
Nike Plans to Cut $2 Billion in Costs, Layoffs Imminent as Strategy Pivot Continues (January 2, 2024) Increasing competition in the sneaker market and global macroeconomic headwinds pushed Nike to make major cost cuts, using tactics such as simplifying its product assortment and making greater use of automation and technology.
The beverage alcohol company, which has operated as a traditional distributor-based wholesale business for decades, is currently in the process of building out standalone websites for its key brands as it moves toward becoming a customer-centric omnichannel operation. “The Taking a Long View to Optimize Marketing Spend.
Daily Dive M-F DTC Weekly Every Tuesday Marketing Weekly Every Wednesday Tech Weekly Every Thursday Operations Weekly Every Monday By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. Permission granted by Happy Returns First published on Listen to the article 4 min This audio is auto-generated.
Maternity retailer A Pea in the Pod has returned to brick-and-mortar with stores in Chicago and New York City. The retailer was acquired by Marquee Brands for approximately $50 million in December 2019 with plans to emphasize “ecommerce, select wholesale partnerships and strategic marketing relationships.”.
But as these brands and many others look to new channels, such as stores and wholesale, to combat flagging sales and elusive profitability, True Classic is doubling down on digital. . A lot of advertisers, us included, care about the DR [direct response] metrics — cost per acquisition [CPA], return on ad spend [ROAS], etc.,”
It’s not easy to be a mid-market retailer in Australia right now. There is increased competition from e-commerce players, the local market and major international brands. Our numbers continue to get better and better when technically the market remains challenging. We’re a mid-market Aussie retailer.
It includes unsold devices, returned items that can’t be sold as new and warranty-covered products. One major factor is online shopping, as studies show that return rates for online electronics purchases can reach 20% compared to just 8% when in-store. They connect retailers straight to wholesale buyers who want the products.
A $68 T-shirt might seem like a tough sell, but eight years on, Molnar’s brand Goodlife C l othing has a host of top-tier wholesale partners, a booming DTC business and, most importantly, a cult following of customers that keep coming back. Customers can try products for seven days and return what they don’t like at no charge.
BJ’s Wholesale Club has become the latest retailer to launch a media network, offering brands a comprehensive advertising solution to connect with its members. The new program, called BJ’s Media Edge , is being launched in partnership with Microsoft’s PromoteIQ solution. “We Access real-time analytics and data on their campaigns.
Topshop is stepping back into physical retail with a one-day-only pop-up event next month in Shoreditch, ahead of a wider high street return teased for this summer. It comes just a week after owner Asos confirmed new wholesale partnerships that will bring the brand back to the high street via third-party retailers.
The campaign focuses on driving online sales in the absence of bricks-and-mortar trade and wide cancellations of wholesale orders, and, according to Showroom-X chief executive Richard Poulson, drove around $3 million in sales last year. “In
B2B wholesale marketplace Faire is expanding into Europe with launches in the UK and the Netherlands, with plans to add additional European markets in the coming months. Faire connects local independent retailers with brands and artisans from around the world. billion after its latest $170 million Series E funding round.
Vans, he said, is making strategic moves now that will help return the company to healthy growth in the future, including reducing distressed sales, closing margin-eroding wholesale accounts and reducing sales to value stores. Tiffany Montgomery can be reached at tiffany@shop-eat-surf-outdoor.com.
But after a lackluster IPO in 2020 , the company retreated from the public market just two years later when it was acquired by private equity firm Durational Capital Management in 2022. RTP: Casper has its roots in DTC, but you’ve since expanded with your own stores and through wholesale. How do you view those channels?
Looking ahead, we expect our performance to improve throughout fiscal year 2026 positioning us to return to growth in fiscal 2027 and beyond, he added. While it is certainly true that there are challenges in wholesale and that the luxury market is softer, these factors do not explain Capris chronic inability to stabilise its sales line.
Whether shipping directly to customers’ homes, enabling curbside pickup or restocking store shelves, consistently improving speed, accuracy and adaptability is crucial for meeting shopper expectations and maintaining market share. Orgill , the worlds largest independently owned hardlines distributor, achieves 99.6%
We’ve just hired a new CFO, a new head of retail and wholesale, our new head of digital started in August and of course, myself. As a brand that leads largely with swim, we have to be pretty prominent in two markets. Once we’ve built out our digital presence in new markets, we’ll look to support [them] with flagship stores.
Following the acquisition, all Topshop stores closed and the brands have since operated online only with some wholesale distribution, including at Nordstrom. Analysts have noted that the deal has the potential to open the Topshop and Topman brands to additional wholesale arrangements.
“Customers returned to shopping in stores, with retail store sales increasing 17.5 This had an impact on online sales, a trend noted across the industry as customers returned to pre-pandemic shopping behaviours,” said Michael Daly, CEO and MD at KMD Brands. Gross profit increased 13 per cent to $599.7 per cent to $91.4
Inside Retail connected with the CEO and creative director of Dissh, Lucy Henry-Hicks, on how the brand has approached international expansion and finding the Dissh girl in new markets abroad. The short-term residency offered an invaluable opportunity to test the market and gauge local appetite. LHH: Yes, and no.
To say everyone is worn out is probably an understatement, and by all accounts marketers in particular are feeling the pressure — a staggering 70% of marketing executives said the pandemic has left them “completely exhausted,” according to a new report from Accenture Interactive. Forget About Personalization, Focus on Relevancy.
athleisure market as a whole is expected to grow at a compound annual growth rate (CAGR) of approximately 7% through 2028. We target high-ceiling markets where we feel the customer will resonate with our product and our brand, and markets where we can interact with the customer in an omnichannel way.
The mass store closures prompted by COVID-19 in spring 2020 could have spelled disaster for equestrian specialty brand Kerrits , which had operated as a wholesale-only business for over 25 years. Once the pandemic hit, our wholesalers had to close their stores, and we had to rethink our entire email plan,” said Florin.
While companies are certainly collecting more and more data, data alone can’t drive this level of hyper-personalization — especially not in a traditional wholesale retail model. So let’s take a look at how marketplace and drop ship can be unified into a single flexible, data-driven model for going to market.
Fulfilment by GlamCorner now sees the platform handling the logistics of clothing rental on behalf of fashion brands, including warehousing, cleaning, shipping and returns, and giving brands their own rental stores, which they can embed in their e-commerce sites and promote to customers. The ‘Attenborough’ effect.
Reporting directly to Linnartz, Dausch led global brand, marketing, digital engagement and customer experience across all commerce channels. 30, 2024, Liedtke will take over the brand post and report directly to President and CEO Kevin Plank, who returned to Under Armour in April 2024. When Dausch leaves the company on Aug.
As part of her role, Wilson will oversee the global wholesale division, including partnerships with major players such as Nordstrom in the US, Reliance Retail in India, and Bestseller in Europe. Rashid will lead the brand’s marketing strategy, aiming to re-engage customers globally and drive the relaunch of its standalone wesbite.
Mitigating Returns. Product returns in particular represent a huge portion of the negative impact that ecommerce has on the environment. When a consumer returns an item, that’s two legs of shipping — and the concomitant environmental impact — that essentially occurred for naught. This is particularly true for clothes.
. “We are thrilled to be increasing access to American Apparel for shoppers in Australia and New Zealand, who can now buy this iconic brand with just the click of a button,” said Chuck Ward, president of sales, marketing, and distribution at Gildan Activewear , the company that owns the American Apparel trademark.
The business helps luxury brands, distributors and wholesalers clear end-of-line and off-season products through online marketplaces, such as Farfetch, Net-A-Porter, Vestiaire Collective and The Iconic, as well as its own e-commerce site, Azura Runway. “We’re Luxury’s discount problem. Rising opportunity in resale .
While the brand outperformed the market, competitors like Adidas also witnessed striking growth. Initial market fears over the impact of the pandemic were wiped away as it quickly became clear Nike was well-placed to take advantage of the disposable income of those trapped at home. Nike leaned into the leisure market.
Launched in 2016 as a DTC business, Vuori has since expanded to brick-and-mortar via wholesale at retailers including Nordstrom and REI , as well as with 10 standalone stores. Despite a widespread return to offices and schools, consumers still appear to be enjoying the more comfortable fashions they adopted in droves during the pandemic.
During the years affected by Covid-19 pandemic restrictions, when freedom of movement was restricted, Australian retailers redoubled their efforts to consolidate their position in the local market. The momentum behind the Toys “R” Us brand and its return to key markets including the UK and United States has been phenomenal.
Thailand’s The Nation newspaper reported that, in 2023, the wholesale and retail trade sector contributed about THB2.8 It also hosts Songkran (Thai New Year) celebrations and offers an indoor floating market. Last year, Thailand’s e-commerce market grew 14 per cent, year on year, with revenue hitting THB1.1
Amid increased interest in Australian brands and the beach apparel category, Australian women’s fashion brand Tigerlily is considered as good as sold by its current owners, private equity company Crescent Capital, which is seeking to capitalise on the current market. The sale process formally kicked off in the final quarter of 2023.
DTC is still very much alive and well, but digital-first companies are having to adapt to a new normal where competition is fiercer, financial pressure is ever-present and the marketing tactics that used to work so well are no longer cost-efficient. What that does is it allows you to put that money back into marketing and grow the business.”
Frisk’s remit when he joined was to reengineer Under Armour’s structure, systems and go-to-market process. Frisk promptly set about shifting the company’s focus away from wholesale and toward DTC, following in the footsteps of competitors in the space like Nike and lululemon. Browne has held the role of COO since 2020. ”
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