Kaycee Enerva

1 week ago | insideretail.com.au | Darshana Gupta |Celene Ignacio |Kaycee Enerva |Sean Cao

Sydney’s Greystanes shopping centre has been sold for $76 million by the Region group to Revelop, a private retail investment group, as neighbourhood shopping centre prices rebound. The Revelop group struck the deal at a rate of $12,639 per sqm on a yield of 5.5 per cent, which represented the lowest capitalisation rate paid for a neighbourhood shopping centre above $50 million in the last three years.

1 week ago | insideretail.us | Arriana McLymore |Tong Van |Kaycee Enerva

Chinese online marketplace Temu and fast-fashion retailer Shein, two of the biggest advertisers on US social media, are sharply cutting their US digital ad spending, industry data show, in a blow to tech companies such as Meta’s Facebook and YouTube. The online retailers, both of which ship low-priced China-made goods direct to US shoppers, had been on an ad spree until recently, targeting younger, thriftier shoppers in digital media.

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.us | My Nguyen |My Nguyễn |Tong Van |Kaycee Enerva |Sean Cao

Nike has collaborated with Kool-Aid to launch the limited-edition sneaker collection – Nike x Kool-Aid Ja 2 – inspired by NBA star Jar Morant’s signature Nike line and his childhood Kool-Aid flavors. The May release blends Morant’s performance and personality, with a blue and pink palette, the KoolAid Man pattern and a glow-in-the-dark phase on lime-green sole. The Kool-Aid red editions, reflecting Morant’s on-court culture, will drop in July and share the same design.

1 week ago | insideretail.us | Darshana Gupta |Tong Van |Kaycee Enerva |Sean Cao

Multifunctional lifestyle and shapewear apparel brand, Popilush, will bring its products to luxury retailer Nordstrom through a new distribution partnership.  This will be Popilush’s first expansion outside Amazon and its direct-to-consumer channels. Twenty-eight of Popilush’s best-selling styles, including dresses, bodysuits, skirts, and swimwear in sizes ranging from XS to 6XL will be available in the initial launch.