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After selling through multibrand retailers’ stores and websites for years, sustainable luxury brand Philip Karto is opening its own store in Saint-Tropez, France. In total, the company plans to open 10 physical locations across the globe in a quest for better margins and growth.
The supply chain crisis has been a thorn on the side of retailers who’ve been attempting to implement growth strategies. Right when they were starting to reap the rewards of their efforts, supply chain issues had pulled their progress further back.
The last few years have been a rollercoaster for travel companies. But Australian luggage brand July says business is now beginning to boom. Co-founder and chief strategy officer Athan Didaskalou joined the Modern Retail Podcast and talked about the brand's growth.
Over the past week, a number of retailers and brands announced they'll stop selling their products in Russia due to the invasion of Ukraine. The sanctions could help put further pressure on Russia's economy, while also impacting retailers' own sales.
Social media, payments and even delivery platforms are approaching super app status. Already a popular concept in China, companies are vying to be the U.S. equivalent of multi-purpose super apps like WeChat and Alipay.
As part of a new partnership, U.S. businesses with Shopify storefronts will be able to list their products on the Chinese online marketplace, used by 550 million customers. JD.com will handle end-to-end fulfillment by transporting goods from its U.S. warehouses to China using its own cargo flights and completing deliveries.
Walgreens is posting growth in sales of beauty products after rethinking its approach to the category. The pharmacy chain recently reported a rise in beauty and personal care comp sales. Experts said the company is also trying to capitalize on the increased foot traffic generated by vaccines through broader digital investments in its app and loyalty program.
Next, which owns about 500 stores in the U.K. and Ireland and 190 franchised stores in 36 countries, reported on Thursday that it increased its full year profit guidance before tax by £22 million to £822 million, up 9.8% versus two years ago. The retailer said it is generating substantial growth from its online marketplace for third-party brands.
Lids announced that it would be expanding to the U.K. for the first time with four new London-based stores. The company's President Britten Maughan talked with Modern Retail about the resonance of U.S. sports across the pond, the importance of personalization in sportswear and future international expansion plans.
After relying on wholesale for years, apparel brand Rails is starting to grow globally by opening its own stores abroad. Rails, which was founded in 2008, opened its first international store in Paris in July. Next, the company is preparing to open two Rails stores in London, with the first location opening this coming winter.
Halloween was an early indicator that people are ready to party. Retailers ranging from decor brands to candy companies have recently reported sales figures that are nearing or surpassing pre-pandemic revenue levels. Now other retailers are preparing to cash in on pent-up party demand ahead of Christmas and New Year's, by stocking up on decor and other party favors.
As Disney winds down its own brick-and-mortar footprint, the company is striking more marketing partnerships with third-party retailers. As part of its Christmas merchandising drive, the mouse house is working with 200 companies in Europe, the Middle East and Africa to promote its new seasonal ad campaign across 59,000 stores -- up 50% from last year.
Lowe’s is doubling down on its promotional campaigns for professionals during the holidays as DIY mania fizzles out. The home improvement retailer is launching a pro ambassador program and a “pro toy catalog” designed to showcase its products for small to mid-sized business owners, as the company seeks to generate more sales from Pros over Black Friday.
Fashion resale marketplaces are circling the globe in pursuit of new customers. This year, U.S.-based Poshmark launched in Australia and India, and rival ThredUp acquired European resale company Remix Global AD. Meanwhile nascent streetwear and luxury goods marketplaces are targeting consumers in Asia and the Middle East by opening up authentication and fulfillment centers in those geographies.
Famed London department store Harrods is embracing luxury streetwear, announcing that it will now be the home of online reseller The Edit LDN’s first sneaker boutique. In Harrods case, the 172-year-old store is pitching sneaker drops as the latest in its repertoire of bespoke services, which span personal shopping to made-to-order curtains and bedlinens to real-estate.
For years, retail experts have touted live streaming as the hottest new way to acquire customers and create instant sales. However, executing video commerce isn't a one-size-fits-all strategy, as lingerie brand Adore Me has found.
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