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KMD Brands suffers lower sales as consumer sentiment weakens

Inside Retail

Outdoor brands retailer KMD Brands has reported lower sales in the first four months of FY24 reflecting weaker consumer sentiment. “We continue to make progress towards our working capital target of 18 per cent of sales for the full year, which is expected to drive strong cash flow generation in the second half year.”

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Retail spending soars in July despite rising living costs

Inside Retail

per cent in July year-on-year as consumers spent $34.7 Nevertheless, Zahra described July’s figures as “an incredible result considering the inflationary pressures consumers are under at the moment” . per cent, followed by clothing, footwear, and personal accessories at 3.3 Retail spending surged 16.5

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Europe, Asia fuel Guess’s better-than-expected revenue growth

Inside Retail

Our disciplined approach in managing the business enabled us to deliver $330 million of operating cash flow and $248 million of free cash flow and end the year with a cash position of $360 million, well ahead of our expectations,” Alberini continued. Further reading: Guess posts flat revenue amid lower consumer confidence.

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Black Friday drives 5.8 per cent retail-wide sales bump in November

Inside Retail

Clothing, footwear and personal accessories led the way in sales during the month as Australians increasingly want to return to living life outside of their homes. Retail spending rose 5.8 This is, obviously, quite different to what the industry is facing currently.

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Retailers, beware: Large-scale events are back, and they’re big

Inside Retail

After more than two years of lockdown, Gen Z and millennials are rewriting consumer demand faster than brands can supply. An accessory takeover. As large-scale capacity events make a comeback, so too are some desirable accessories. Men too are a growing group of jewellery consumers. So, how should retailers respond?

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What it takes for emerging designers to break into Australia’s fashion industry

Inside Retail

Breaking down barriers Fashion has a gatekeeping problem that goes well beyond consumers not wanting to divulge their best finds – the next generation of designers needs an injection of capital if their brands are going to scale. In addition to this, the pieces are quite versatile in styling and fit,” said Watson.

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Best & Less reports ‘inconsistent’ trading, revises profit expectations

Inside Retail

BLG executive chair Jason Murray said consumer confidence has been at “historic lows” yet the business is “optimistic” for sales growth. “We Sales improved in the lead-up to Mother’s Day and have been consistent since, while BLG’s non-discretionary product lines are continuing to perform well.

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