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Deep dive: What social commerce looks like around the world

Inside Retail

McKinsey & Co stated in mid-2022 that social commerce comprised more than 13 per cent of China’s total e-commerce sales. In the US, social commerce is anticipated to double to US$80 billion in annual sales between 2021 and 2025, putting the US second only to China in social commerce, although China outsells the US by a factor of 10.

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Sales of LVMH’s Hublot, Bulgari watches top pre-pandemic levels

Inside Retail

Hublot and Bulgari, alongside LVMH stablemates Zenith and TAG Heuer, are holding LVMH Watch Week online, with digital presentations of their latest collections. But they bounced back last year, with Swiss watch exports slightly above 2019 levels at the end of November, thanks to strong demand in the United States and China.

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What’s driving the explosion of Australian retail acquisitions?

Inside Retail

And, in June 2021, PLBY Group paid $443 million for local lingerie label Honey Birdette, while US retail platform a.k.a. Regarding the billion-dollar price tags of the Aesop and Zimmermann acquisitions, Thornely said these numbers were likely based on a multiple of the brands’ underlying EBITDA, and reflective of their growth potential.

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R.M. Williams crafts quality and service from people and tech

Inside Retail

Williams ethos and Paul Grosmann, who was appointed CEO in November 2021. Creating a place for the consumer to belong The Sydney flagship, located at 243 George Street, is a fusion of the brand’s history and futuristic technology, all designed to give the customer the best experience possible. “The At the heart of it all are the R.M.

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“We need to move faster”: Mulberry CEO on traceability and transparency

Inside Retail

A commitment towards sustainability, transparency and circularity was something that was reaffirmed during its 50th anniversary in 2021. Interestingly, Andretta mentioned that customers in China and Korea are very much attuned to sustainability messages, based on their purchasing habits and browsing behaviours on their international websites.

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Analysis: Here’s the impact of Chanel’s latest price hike on the luxury industry

Inside Retail

A similar policy has been placed on small leather goods – consumers are now limited to no more than two of the same product a year. The current price tag is going to be the cheapest you’ll ever see because the brand continues to jack up prices,” Cho Eunbit, a Chanel enthusiast from Seoul, said.

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A sensory journey infused with traditional Chinese flavours!

Design Middleeast

That conversation sparked a relentless vision, and in January 2021, I walked into the Meraas office. Inspiration from China: The design of MOLI draws inspiration from the heart of China, creating an ambiance that reflects the cultural richness and vibrancy of this culinary powerhouse.