🦁Tony Conte’s Post

Target Forever Changing As It Moves "Cat & Jack" to Hudson's Bay It's a solid idea to move their best own brand Cat & Jack, and perhaps inevitable given Target's position: Target looks to resolve two problems in its portfolio at the same time: * How to expand in Canada if it can't implement an ERP system properly (RIP Target Canada) 😂 , and * How do we grow our revenues if traffic has flatlined at Target stores? I knew there was a hint of this at the Earnings Call last week. The company spent a half an hour with the merchandising team talking about the size of its own brands, its design expertise. You would think you were hearing from a brand owner, but instead you were hearing from the owners of the various category lines about the skill and capabilities of their own brand portfolio. If only AllBirds had that same expertise with their recent issues. Target own brands are famously great, and are a key reason people shop at Target in-store and online. So when Target has announced that Cat & Jack, its flagship own brand at $3B a year in sales is going mainstream, you sit up and take notice. With its introduction into Canada, Target is doing two things. Testing in an important retailer, but not one of the top ones. Second, it is reintroducing a brand into a market that does not have access to the product today. Cat & Jack will have a dedicated display in the store, and also present online. It seems that this charts a new path for both companies. Target is looking to access new customers and markets to grow its own brand sales off-Target. It's a smart avenue. As far as the Bay is concerned, they have been troubled of late, and a new CEO returned to the helm at the end of last year, Liz Rodbell, a former President and former Chief Merchant. It's not hard to imagine that the former merchant wants to start with the most important aspect of retail to get right: the product. I would expect more expansion from both companies along these lines. Just don't expect Target to ever put up Cat & Jack on Amazon or Walmart ;-)

My interview on Temu’s future is released by Online Retail News. 📰 1. to what extent will providers such as Temu and Wish play a role in this year's Christmas business? What competition can local retailers expect in the Christmas business? The e-commerce landscape has changed drastically in recent years and new players are constantly emerging. As consumers are looking for products with the best value for money, platforms such as Wish or Temu are one of the better options for customers around the world thanks to comparatively low prices. The platforms also tend to use multiple marketing efforts and discount mechanisms in the most important promotions of the year, and this Christmas will be no different. 2. what do European retailers expect in view of the increasing competition from Chinese platforms in the important Christmas business? What are the concerns? And are they justified? For a long time, AliExpress was the only Chinese e-commerce retailer that could compete with Amazon. The platform focuses on foreign markets and is particularly successful in Russia, Spain and Brazil. Shein, on the other hand, uses the “real-time retail” model and relies on data-based algorithms to better understand demand. With a focus on lean supply chains, Shein offers trendy clothing, shoes and accessories at very low prices. Temu, known as Pinduoduo in China, has made a name for itself through its “team purchase model” and live commerce. These platforms, especially Temu, have excelled in the e-commerce market and the Christmas season is expected to be particularly lucrative for them. TikTok, like Douyin, follows a live and social commerce business model and could focus on improving its e-commerce marketplaces after conflicts with governments. 3. What do retailers in this country need to be prepared for? As consumers are looking for products with the best value for money, platforms like Temu are one of the better options for customers around the world thanks to comparatively low prices. Platforms also tend to use multiple marketing and discount mechanisms in the most important promotions of the year, and this Christmas will be no different. Here’s link for the full interview (in German): https://lnkd.in/etwDTmtS #temu #ecommerce #crossborderecommerce #trade #digital #business

What’s been happening in retail this week? ·      Tesco appointed Steve Edwards, previously of Amazon, and Russell Franklin from Pinterest, to enhance its retail media division. Edwards will engage with agency partnerships, while Franklin will focus on expanding media reach across advertisers. ·      L’OCCITANE Group chair Reinold Geiger privatised the skincare firm for £1.4bn on Monday. Geiger's investment company paid a 30.8% premium per share, holding 72.39% of the company by March. ·      Manzanita Capital appointed Raymond James bankers to oversee the potential sale of Space NK. The beauty chain, valued between £300m and £400m, may see a partial or full sale. ·      Screwfix is investing £1m to double its refurbishment operations, now including non-electrical items. Launched online in 2022 and hitting £2m in sales last year, the investment will enhance capabilities at its Stafford centre. Screwfix aims to double its eco-friendly Green Star products to 3,000 this year. ·      wilko introduced its range of budget-friendly, self-assembly kitchens, comprising six styles. Shoppers can now redesign their kitchens entirely online. ·      JD Sports Fashion is rolling out tagging sprays nationwide to combat shoplifting with SelectaDNA. ·      Lidl GB announced plans for extensive UK expansion, eyeing cities like Bristol, Birmingham, and London, alongside towns such as Edinburgh, Leeds, and Woking. This followed significant infrastructure investments, including a large warehouse in Luton, to mark its 30-year UK anniversary. ·      The opening night at Co-op Live in Manchester was postponed for a third time on Wednesday following a technical issue, resulting in cancelled gigs. The £365m venue was to debut with US rapper A Boogie wit da Hoodie, but fans were turned away just before the show. ·      Next saw a 5.7% increase in total sales for the 13 weeks to 27 April, surpassing the forecasted 5%. Online sales rose by 8.8%, but retail sales stayed constant. Despite anticipating a weaker second quarter with a 0.3% sales drop, Next's full-year sales and profit guidance remains unchanged, with an expected pre-tax profit of £960m, a 4.6% increase. ·      Amazon reported a 13% increase in net sales, reaching $143.4bn (£114.8bn) for the quarter ending 31 March. Net income rose to $10.4bn (£8.3bn), up from $3.2bn (£2.56bn), with operating income climbing to $15.3bn (£12.3bn). Amazon Web Services (AWS) sales grew by 17% to $25bn (£20.04bn). Advertising revenue was up 24% year on year driven by the growth of Prime Video & Amazon Studios. ·      Vinted achieved profitability for the first time, marking a strong year of growth. The Lithuanian marketplace reported adjusted EBITDA of €76.6m (£65.5m) and net profit of €17.8m (£15.2m) in 2023, surpassing a net loss of €20.4m (£17.5m) in the previous year. Revenue surged by 61% to €596.3m (£510m). This is just a selection of news this week. Sign up below for more insight ⬇️ https://lnkd.in/d-z25aM

Mercari US’s advertising in the New York subway is a noteworthy move. This strategy aims to increase brand visibility in a market that values resale and sustainability. However, it is crucial for the company to ensure its messaging resonates with local consumers. Given the competitive landscape with players like eBay and Poshmark, Mercari must effectively differentiate itself to capture attention and share. This campaign could provide valuable insights into U.S. consumer behavior and preferences. #JAPANDROPS #Mercari

First-Ever AliExpress Global Trend Workshop in #Sydney – Free for #Etailers/ #Retailers We’re excited to bring our first-ever Global Trend Workshop to Sydney together with Choco Up on Thursday, 29 August! If you’re an e-tailer or retailer looking to stay ahead of the curve, this free event is your chance to dive into the latest #GlobalTrends and learn how to expand your #ProductPortfolio with cost efficiency. This workshop is perfect for #RetailBusinesses that: - Produce their own products and sell via online stores - Procure products and run independent websites for selling inbound or overseas - Sell to local B2C buyers or export to other markets - Want to overcome procurement or operational cost barriers to increase profit margins - Are interested in global and local buyer trends in retail categories - Wish to learn about global trends in #beauty, #homedecor, #fashion #accessories, and #automotive parts What You’ll Learn: 1. How to tap into global markets with minimal cost and maximum impact 2. Key trends and tools that will shape your product sourcing and planning for the upcoming year 3. Practical strategies to optimise your procurement and operational processes Insights into expanding your product portfolio efficiently 4. How to explore funding options and additional cash flow to fulfil your retail growth strategy. Event Details: 📅 Date: Thursday, 29 August - Time: 3:00 pm - 5:00 pm AEST - Location: Alibaba Sydney Office, 17/F, 55 Clarence Street, Sydney, NSW 2000 Don’t miss this opportunity to kickstart your global expansion with AliExpress. Spaces are limited and RSVP will be required: https://lu.ma/t70ukyat We look forward to helping you unlock new possibilities for your business! #AliExpress #Ecommerce #GlobalTrendWorkshop #SydneyRetailers #ProductSourcing #ExpandYourBusiness Percy Hung Tan Yong Yi Alfy Zhang Jim Vrondas Bart J.

The UK fashion and retail sector is booming, especially online! 📈 With online retail projected to grow by 5.3% in 2024, outpacing overall retail sales, the shift towards e-commerce shows no signs of slowing down. The rise of non-store retail, including online marketplaces and various digital channels, highlights the changing landscape of shopping. This surge is creating abundant opportunities for experts in digital marketing, social media marketing, and e-commerce logistics, as well as those looking to start a career in fashion and retail. If you're passionate about fashion and retail, the UK's flourishing e-commerce sector is brimming with exciting career paths. Stay tuned as we bring you exciting opportunities within this dynamic industry! 🚀 #retail #logistics #retailoperation #fashion #ecommerce #wholesale #irlamassociates

𝐇𝐨𝐰 𝐍𝐞𝐱𝐭 𝐢𝐬 𝐃𝐞𝐟𝐲𝐢𝐧𝐠 𝐭𝐡𝐞 𝐎𝐝𝐝𝐬: 𝐒𝐮𝐫𝐩𝐫𝐢𝐬𝐢𝐧𝐠 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐟𝐫𝐨𝐦 𝐓𝐡𝐞𝐢𝐫 𝐋𝐚𝐭𝐞𝐬𝐭 𝐒𝐮𝐜𝐜𝐞𝐬𝐬 #Next, the renowned British #retailer has achieved a remarkable half-year #performance that’s catching everyone’s attention. While UK-based #online giants like #Asos and #Boohoo grapple with declining #sales, Next is experiencing a surge in digital growth, especially on the #international stage. In their recent reports, Next revealed an impressive 8.4% increase in revenue over the past six months. This boost is partly due to their strategic acquisition of FatFace and a greater stake in Reiss, but their own steady growth cannot be overlooked. 𝐅𝐮𝐥𝐥-𝐏𝐫𝐢𝐜𝐞 𝐒𝐚𝐥𝐞𝐬: 𝐀 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐓𝐫𝐞𝐧𝐝 What’s particularly striking is Next’s 4.4% rise in full-price sales. Although physical store sales have seen a dip, online sales have flourished, with international #markets driving a 22.8% increase. This #growth has far exceeded Next’s expectations and demonstrates their strong #digital presence abroad. This success contrasts sharply with the struggles of UK online #retailers like Asos, which is trying to turn things around with faster production methods, and Boohoo, which is pivoting to a new marketplace strategy. 𝐑𝐞𝐯𝐢𝐬𝐞𝐝 𝐏𝐫𝐨𝐟𝐢𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭: 𝐀 𝐏𝐨𝐬𝐢𝐭𝐢𝐯𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 Buoyed by these results, Next has adjusted its #profit forecast upwards by 23 million euros (20 million pounds), anticipating a profit of 1.14 billion euros (980 million pounds) for the year, on #revenue of 7.2 billion euros (6.2 billion pounds). This marks a 6.7% increase from the previous year. The company credits this boost to higher sales and cost-saving measures, especially in #logistics. Next’s impressive performance offers valuable insights into successful strategies for digital growth and international expansion. 𝐈𝐟 𝐲𝐨𝐮’𝐫𝐞 𝐜𝐮𝐫𝐢𝐨𝐮𝐬 𝐚𝐛𝐨𝐮𝐭 𝐡𝐨𝐰 𝐭𝐡𝐞𝐲’𝐫𝐞 𝐚𝐜𝐡𝐢𝐞𝐯𝐢𝐧𝐠 𝐭𝐡𝐢𝐬 𝐚𝐧𝐝 𝐰𝐡𝐚𝐭 𝐢𝐭 𝐜𝐨𝐮𝐥𝐝 𝐦𝐞𝐚𝐧 𝐟𝐨𝐫 𝐲𝐨𝐮𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬, 𝐬𝐭𝐚𝐲 𝐭𝐮𝐧𝐞𝐝 𝐟𝐨𝐫 𝐦𝐨𝐫𝐞 𝐩𝐨𝐬𝐭𝐬 𝐰𝐢𝐭𝐡 𝐯𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐚𝐜𝐭𝐢𝐨𝐧𝐚𝐛𝐥𝐞 𝐭𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬! #RetailSuccess #EcommerceGrowth #BusinessInsights #DigitalExpansion #GlobalRetail #ProfitGrowth #RetailStrategy #BusinessStrategy #MarketTrends #NextRetail #InternationalEcommerce #EcommerceTrends

What’s been happening in retail this week? · Tesco appointed Steve Edwards, previously of Amazon, and Russell Franklin from Pinterest, to enhance its retail media division. Edwards will engage with agency partnerships, while Franklin will focus on expanding media reach across advertisers. · L’OCCITANE Group chair Reinold Geiger privatised the skincare firm for £1.4bn on Monday. Geiger's investment company paid a 30.8% premium per share, holding 72.39% of the company by March. · Manzanita Capital appointed Raymond James bankers to oversee the potential sale of Space NK. The beauty chain, valued between £300m and £400m, may see a partial or full sale. · Screwfix is investing £1m to double its refurbishment operations, now including non-electrical items. Launched online in 2022 and hitting £2m in sales last year, the investment will enhance capabilities at its Stafford centre. Screwfix aims to double its eco-friendly Green Star products to 3,000 this year. · wilko introduced its range of budget-friendly, self-assembly kitchens, comprising six styles. Shoppers can now redesign their kitchens entirely online. · JD Sports Fashion is rolling out tagging sprays nationwide to combat shoplifting with SelectaDNA. · Lidl GB announced plans for extensive UK expansion, eyeing cities like Leeds, Edinburgh, Bristol, Birmingham, and London. This followed significant infrastructure investments, including a large warehouse in Luton, to mark its 30-year UK anniversary. · The opening night at Co-op Live in Manchester was postponed for a third time on Wednesday following a technical issue, resulting in cancelled gigs. · Next saw a 5.7% increase in total sales for the 13 weeks to 27 April, surpassing the forecasted 5%. Online sales rose by 8.8%, but retail sales stayed constant. Despite anticipating a weaker second quarter with a 0.3% sales drop, Next's full-year sales and profit guidance remains unchanged, with an expected pre-tax profit of £960m, a 4.6% increase. · Amazon reported a 13% increase in net sales, reaching $143.4bn (£114.8bn) for the quarter ending 31 March. Net income rose to $10.4bn (£8.3bn), up from $3.2bn (£2.56bn), with operating income climbing to $15.3bn (£12.3bn). Amazon Web Services (AWS) sales grew by 17% to $25bn (£20.04bn). Advertising revenue was up 24% year on year driven by the growth of Prime Video & Amazon Studios. · Vinted achieved profitability for the first time, marking a strong year of growth. The Lithuanian marketplace reported adjusted EBITDA of €76.6m (£65.5m) and net profit of €17.8m (£15.2m) in 2023, surpassing a net loss of €20.4m (£17.5m) in the previous year. Revenue surged by 61% to €596.3m (£510m). · Please don't forget to sign up for our webinar "Outlook for 2024 & Beyond: Retail Prospects & Shifts in Consumer Affluence" in partnership with beBettor 4 June at 12pm ➡ https://lnkd.in/eBfhA9Xb

Target sales dropped for the first time in seven years, with a decrease in foot traffic a big concern. The overall news was positive, however, as profit increased, aided by inventory reduction and lower supply chain costs. I believe the bigger takeaway, and main reason for the stock pop, is that for several years Target has focused on long term value, including, 1) adapting product offerings - adding more essentials and subtracting discretionary items (while being more selective and strategic with those that remain/are introduced); 2) investing in stores and capital structure; and 3) Target Circle 360, leveraging brand loyalty and driving recurring revenue. It will take some time to fully right the ship, but Target is headed in that direction. #toystrategist #toys #target

Which makes you to shop online comparing to offline stores ? Comment below 👇 #MathraMarketing #onlineshopping #onlinestore #onlinebusinesses #onlineshop #ecommercestore #ecommercebusiness