Hints and tips:
Related Special Reports
...Xiaohongshu is an increasingly important channel for brands targeting young women with purchasing power....
...Gucci sales contracted 18 per cent, dragged down by China....
...It added: “This swift action will help re-energise The Body Shop’s iconic brand and provide it with the best platform to achieve its ambition to be a modern, dynamic beauty brand that is able to return to...
...In late January The Body Shop said it was selling a swath of its international business in a deal hailed by the ethical beauty brand as a “decisive step towards delivering a strong turnaround strategy”....
...She added that consumers could shop for bags at different retailers and on numerous websites....
...“Taking this approach provides the stability, flexibility and security to find the best means of securing the future of The Body Shop and revitalising this iconic British brand,” FRP said on Tuesday....
...It has been curated by Martin Pel, whose goal, he says, is to tell the story of “the world’s first lifestyle brand”....
...French luxury group Kering said it expected sharply lower profits in the first half of 2024 compared with the previous year after sales at its top brand Gucci fell....
...“The fact that we’ve chosen to have a shop that’s not on street level but that’s a bit of a secret place. You have to make an appointment, so you need to know it....
...The administration process for the UK operations is not expected to affect the brand’s global franchise partners....
...Kong, where proceeds can be more easily directed outside of mainland China....
...“The most important trend that we are seeing is China’s industrial base is upgrading to a level that is competitive with western brands and products....
...It subsequently admitted it lacked the “retail expertise” to return it to its former glory across the globe — the brand has about 2,500 shops in more than 70 countries....
...TikTok Shop debuted in the US in September, generating since then $1.1bn in gross merchandise revenue, the total value of goods sold on its platform, according to internal TikTok financial statistics seen...
...But its vision for The Body Shop was hardly groundbreaking: to build out the company’s digital presence and restore the brand’s status as a champion of ethical capitalism....
...Its biggest market is the US, followed by China and the UK. The goal for the new store is to account for 8 to 9 per cent of total revenues....
...It moved to China, and then to California, but maintained its roots in Australia via a listing on the ASX where it has traded since 1999....
...Two sisters walk into a coffee shop carrying the same handbag....
...Peer Icicle has grown to over 270 stores in China. Others, like Chinese outerwear brand Bosideng, have made progress in shifting upmarket to a more premium customer....
...“Cities like Kochi in India, and Wuhan and Beihai in China, have played a crucial role in driving the luxury market’s growth, contributing significantly to the sales volume of luxury brands,” Willersdorf...
...“Many foreign brands, including [those in] cosmetics, took a hit during the zero-Covid years as many decision makers based outside of China became increasingly disconnected to a fast-changing China,” said...
...“There is no question that this is a pro-competitive, pro-consumer deal and that the FTC fundamentally misunderstands both the marketplace and the way in which consumers shop,” Tapestry said in a statement...
...This makes The Body Shop’s single-brand, speciality store model a tough business to run....
...Early indicators began about four years ago when savvy brands sought to “de-risk operations” in China by securing a back-up supplier elsewhere, says Laura Morroll, director of operational restructuring,...
...“We feel that we’re more than a shop,” she says. “The starting point for us is to look at the zeitgeist and what’s going on in the outside world to inspire our thinking.”...
International Edition