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Can Allbirds make a comeback with a new CEO and transformation plan?

Inside Retail

Its valuation surged to over US$4 billion on its first day of trading in November 2021. In a call with analysts on March 12, Zwillinger stated that the company plans to close between 10 and 15 underperforming US stores in 2024, about a third of its total number. million in 2021. million in 2022, or 56 per cent of total revenue.

Planning 130
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Lululemon hits its stride in Asia amid ambitious global growth plans

Inside Retail

In 2021, Lululemon launched Like New, a re-commerce initiative that encourages customers to trade in gently used items in exchange for a gift card, and by 2025, the company aims for at least 75 per cent of its materials to be sustainable. million in 2021 to US$247.48 million by 2028, reflecting a CAGR of 10.5 billion to US$12.5

Planning 130
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‘Big plans’: Seafolly CEO talks international expansion

Inside Retail

Our focus has been to get our product and marketing strategies right with superior fits and top-tier campaigns,” Santamaria said. We opened in [department store] Takashimaya in 2021, and it has quickly become our best performing store in the region,” Santamaria said. International focus.

Expansion 130
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Poshmark to exit Australia to focus on core markets

Inside Retail

The company said on its website that it plans to increase investment and “drive meaningful growth” in its core markets – the US and Canada. The firm expanded to Australia and India in 2021 and entered the UK in January this year. According to TechCrunch , which quoted data from intelligence firm Sensor Tower, Poshmark has about 8.1

Marketing 263
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Witchery works its magic: Inside its growth plans for 2022

Inside Retail

Australian Retail Outlook : What are some of the things Witchery worked on in 2021 that you’re most proud of? . Simon Schofield: Witchery has had an incredible 2021. We know Witchery has been working on formalising its Reconciliation Action Plan in 2021.

Planning 130
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“Impossible to ignore”: Witchery MD’s plans to capitalise on digital growth

Inside Retail

During the pandemic, the Australian womenswear brand Witchery turned 50, but rather than kicking back to party, the retailer revved its omnichannel strategy and worked on a new physical store concept. IR: What are your plans for Witchery going into the next financial year?

Planning 246
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‘Start of a new era’: The Daily Edited boss Tania Liu turns the page on 2021

Inside Retail

2021 has been a year many retailers would like to forget, but none more so than online accessories brand The Daily Edited (TDE), which has not only had a global pandemic to grapple with, but also the shocking exit of co-founder and creative director Alyce Tran following allegations that she had misused company funds. .