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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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Frasers Group unveils plans for the next cohort of store openings In Ireland

Retail Focus

Frasers Group plc today unveils plans to advance its investment into the Irish market, introducing FLANNELS into the Republic of Ireland for the very first time, with three new FLANNELS stores set to open across the country in FY23. For FLANNELS by Argent Design. For FLANNELS by Argent Design. For FLANNELS by Argent Design.

Planning 189
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“We felt we had to do something quite radical”: Pandora’s SVP of sustainability

Inside Retail

The world’s largest jewellery brand Pandora is placing sustainability at the cornerstone of its ‘Phoenix’ growth strategy and even tying bonuses for top management to environmental targets to incentivise progress. If you rewind to 2020/21, the company was in the middle of overhauling the business strategy and setting out a growth strategy.

Strategy 269
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‘Go anywhere, get anything’: Uber reveals plans for marketplace

Inside Retail

And it doesn’t plan to stop there. Globally, Uber’s new verticals business achieved a US$3 billion run rate in Q1 2021, a 77 per cent lift on Q4 2020, and the ANZ team wants to continue to grow this arm locally. The post ‘Go anywhere, get anything’: Uber reveals plans for marketplace appeared first on Inside Retail.

Planning 246
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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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Recharge Your Digital Pricing Strategies with Data Science

Retail Focus

A recent global shopper survey revealed that while 78% of shoppers often or always shopped in-store prior to COVID, by spring 2021 that had dropped by half to 39%. The post Recharge Your Digital Pricing Strategies with Data Science appeared first on Retail Focus - Retail Design. 41% to an in-store flyer today.

Strategy 200