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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 Posh Credit for these markets will expire after October 25, while unshipped orders will be automatically cancelled on October 28. million monthly active users on its phone apps.

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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. Two-and-a-half years post-initial public offering (IPO), the company’s market capitalisation had diminished to about US$116 million in after-hours trading on March 12, and it had less than US$130 million in cash on its balance sheet.

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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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Art and upcycling: How Casetify plans to reach 100 stores globally by 2025

Inside Retail

Following its store launch in Sydney earlier this year, Hong Kong-based tech accessories brand Casetify is planning to expand across Australia, as part of a larger goal of reaching 100 stores globally by 2025. It also highlights the brand’s intention to invest further in the local market. “In

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Lush left social media in 2021. Here’s why – and what happened next

Inside Retail

Naturally, many marketers see this as an exciting opportunity to win some points in the struggle for attention. However, when the Facebook whistleblower incident of 2021 brought to light the harmful practices that social media companies were knowingly inflicting on users, we felt compelled to take a stance.

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Woolies blocks Wesfarmers’ plans for API with $872 million bid

Inside Retail

Woolworth’s play is the latest in a string of acquisition offers for API, from a proposed merger with Sigma in 2018 , to an offer of acquisition from Wesfarmers in 2021 , which was rivalled by Sigma , and now Woolworths. The post Woolies blocks Wesfarmers’ plans for API with $872 million bid appeared first on Inside Retail.

Planning 264
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Inside Scotch & Soda’s plans for world domination

Inside Retail

Dutch fashion retailer Scotch & Soda is accelerating its global expansion plans with a total of 15 new brick-and-mortar stores and 12 shop-in-shops opening worldwide over the next six months. IR: How are you planning to grow the brand in Asia Pacific?

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