March, 2024

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Will Harry’s reported IPO be different from other popular retail brands?

Inside Retail

This diversification of brands reportedly helped Harry’s Inc to grow its profits by 47 per cent from 2020 to 2021 alone. billion in 2020. In 2021, Harry’s Inc closed a US$155 million Series E round of funding that gave the company a US$1.7 billion valuation and over US$650 million in total funding raised since the company’s launch.

Other 130
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Hundreds of tariffs to go from July 1 in biggest reform in decades

Inside Retail

A Productivity Commission report in 2020 defined nuisance tariffs as tariffs that raise little revenue, have negligible benefits for producers, but impose compliance burdens It said the administrative costs of collecting these tariffs amounted to $11 million to $20 million per year.

Consumer 244
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How Hue’s Nicole Clay is making the beauty industry more inclusive

Inside Retail

For example, according to data collected by management consulting company McKinsey & Company, while 11 per cent of all beauty consumers in the US are Black, Black-owned brands account for only 2.5 million in pre-seed funding before launching in 2020 and after signing Credo Beauty and Thirteen Lune, the company took off.

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How Bo & Luca’s founder navigated warfare whilst remaining true to her purpose

Inside Retail

We had a great team and setup, but in March 2020 we had no idea that those 48 stockists were going to close their doors and would have no idea of when their doors would reopen. We had 11 urgent bridal orders and a few months’ leeway for the other orders.We It was the first time in my business that I felt completely helpless.

Fashion 130
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What luxury retailers need to know to succeed in the year ahead

Inside Retail

American management consulting firm Bain & Company reported that global luxury sales were down by 22 per cent with the onslaught of the pandemic in 2020. By 2021, luxury sales had fully recovered, rising 32 per cent to surpass 2019 numbers.

Jewelry 228