Inside Retail

JULY 9, 2023

Here in Australia, being around for more than 100 years makes a brand old. It makes it a heritage brand. It’s a tricky course being a heritage brand, especially a mass-market fashion one. It’s not easy to stay relevant, on or ahead of trends. To reflect modern values and appeal to the next generation without losing current customers, all while maintaining clear sense of who you are.

Department Stores 246

Department Stores Artistic Fashion Marketing 246

Inside Retail

JULY 9, 2023

Carolyn Young has been appointed Retail New Zealand’s new CEO, succeeding Greg Harford who will step down on July 21. Young was most recently the CEO of Special Olympics New Zealand and Netball Central Zone. She has a background in marketing, finance and accounting which gained from her previous roles. Outgoing chief Greg Harford will take up a new role as CEO at the Canberra Business Chamber.

Marketing 246

Marketing Management 246

Inside Retail

JULY 9, 2023

Esprit, the seventies apparel label trying to make a comeback targeting Gen Z consumers, is back in the red. The company is blaming Russia’s invasion of Ukraine for a decrease in sales in Europe and denting consumer sentiment in the region. In a profit warning filed with the Hong Kong Stock Exchange the company warned shareholders that based on unaudited figures for the five months to May 31, the company expects to lose US$77 million.

Apparel 242

Apparel Fashion Consumer Line 242

Inside Retail

JULY 9, 2023

BB Retail Capital (BBRC) has issued a compulsory acquisition notice in relation to its takeover bid for discount fashion retail brand Best & Less Group (BLG). In an ASX announcement, BBRC advised BLG shareholders to accept the takeover offer at $1.89 per share and has extended the offer acceptance period until July 14. “The bidder has advised that the compulsory acquisition will be on the same terms as the offer, including the offer price of $1.89 per BLG Share.

Fashion 240

Fashion 240

Speaker: Loreal Lynch, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

Consumer

Inside Retail

JULY 9, 2023

High cost-of-living has become a massive driver for customers’ shopping habits in recent months, with many Australians seeking to avoid price increases where possible. Shoppers are increasingly trading down to cheaper brands to avoid the rising costs of groceries. In certain instances, they are even moving to value-focused supermarkets for their daily shop.

Balance 130

Balance Expansion Planning Consumer 130

Inside Retail

JULY 9, 2023

Tumi recently opened an immersive new pop-up store at Seoul’s Lotte World Mall Atrium as a launchpad for its new fall collection, called Essentially Beautiful. Running from 3-15 July, the pop-up takes its inspiration from the brand’s ‘19 Degree’ range of hardside luggage. This can be seen in the modern installations and artwork in the space, as well as the sculptural facade, which is styled after the contours of the luggage and embodies Tumi’s design language.

Design 130

Design Artistic Art Display 130