Articles

  • 1 week ago | insideretail.com.au | Sean Cao |Celene Ignacio |Kaycee Enerva |Anil Prabha

    Movado Group has posted lower sales and profit for the year ended January 31. The company’s net sales decreased 1.7 per cent to $653.4 million, reflecting declines in US wholesale customers’ brick-and-mortar stores and company-owned outlets. US net sales slid 4 per cent, while international net sales improved 0.2 per cent. On the bottom line, operating income decreased by more than half to $20 million and net income fell 55 per cent to $18.4 million.

  • 1 week ago | insideretail.com.au | Darshana Gupta |Celene Ignacio |Kaycee Enerva |Anil Prabha

    Grown Alchemist, an Australian beauty brand, has partnered with US luxury retailer Nordstrom to bring its products to the retailer’s e-commerce platform. The company uses biotechnology to develop plant-powered products and provide total skin health. The new deal with Nordstrom will allow Grown Alchemist to provide its products to a consumer market that prioritises holistic self-care and wellness.

  • 1 week ago | insideretail.co.nz | Celene Ignacio |Anil Prabha |Tong Van

    Chinese producers of plastic Christmas trees and other festive decorations say orders from US clients, which are crucial for their business, should have started to come in by now. But because of surging import tariffs, they haven’t. US President Donald Trump has raised tariffs on Chinese imports by 104 per cent so far this year in an escalating trade war that threatens great pain for the world’s largest exporter of manufactured goods.

  • 1 week ago | insideretail.us | Sean Cao |Nicole Kirichanskaya |Anil Prabha

    Increasing regulatory pressure on social media could reshape the sector’s revenue models, while smaller decentralised platforms are expected to attract more users this year, according to GlobalData. The company’s latest Strategic Intelligence report highlights more severe legislation this year, including Australia’s social media ban for those under 16 and the UK’s potential smartphone ban in schools.

  • 1 week ago | insideretail.com.au | Sean Cao |Anil Prabha |Celene Ignacio |Tong Van

    Wittner, a heritage footwear brand with a history of over 100 years, has collapsed into administration amid falling sales. The company has appointed Deloitte Turnaround & Restructuring partners Sal Algeri and David Orr as administrators for its Australian and New Zealand businesses. Founded in 1912, Wittner is one of the oldest family-run retail businesses in Australia, known for its quality craftsmanship and design.

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