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Pop Mart profit more than doubles as global expansion continues

Inside Retail

The growth is largely due to expansion in multiple markets, especially in Asia where the ‘blind box toy’ specialist’s next expansion plan is into Vietnam with the opening of its first two stores. “The growth of the overseas market has given us great confidence,” said chairman and CEO Wang Ning.

Expansion 263
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How Aussie menswear brand Peter Jackson is suiting up for e-commerce expansion

Inside Retail

Under the leadership of the brand’s marketing director Nick Jackson, the third generation of the family to run the business, Peter Jackson has rolled out a new e-commerce platform, which supports a seamless omnichannel experience for customers across all touchpoints. “We’re So, we see value in our marketing efforts through that scale.

Expansion 243
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Lovisa reports strong revenue growth with accelerating global expansion

Inside Retail

Jewellery brand Lovisa saw a strong uplift in revenue for the fiscal first half along with new store openings and market entries. The Australian-headquartered retailer opened 74 new stores and ended the half with a network of 854 across more than 40 markets. The company’s revenue surged 18.2 per cent year on year to $373 million.

Expansion 130
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Goodbyes’ roadmap for national expansion and a store in every city

Inside Retail

But even with six, we’re proud to be the largest secondhand bricks-and-mortar retail service in Australia, and our plans are to achieve broad nationwide expansion in the next couple of years. We have so much demand for Sydney, but we’ve got to get the location right. OM: We’ve currently got six stores.

Expansion 244
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Can King Living differentiate itself in the $379b US furniture market?

Inside Retail

Comparatively, the Australian furniture market is worth $10.9 King Living’s chief executive David Woollcott said the business’ first site will launch later this year in Orange County, California, with a second location to open soon after in Chicago, Illinois. According to Statista, the US furniture retail category is worth $379.6

Marketing 264
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What Vietnam’s new expansion rules mean for Australian retailers

Inside Retail

Now, the possibility of expanding in Vietnam in non-shopping mall locations has become a reality for some retailers that faced a serious barrier before. This advantage is reinforced by the fact that the ENT’s 500sqm rule can prevent those same internationals from opening stand-alone flagships in street locations.

Expansion 130
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Burger Road drives local and interstate expansion

Inside Retail

Since opening the first store in 2017, the brand has built a network of three corporate and four franchisee-owned locations in Victoria. Location, location, location. “We We know our audience in terms of geographical locations,” Dewan says. The story is originally published on Inside Franchise Business Executive.

Expansion 246