International Strategy
After successfully launching and operating over 100 retail stores for more than 60 brands across the United States, we, at Leap, have the unique opportunity to witness a significant shift in global retail strategy. More and more international brands are turning their attention to the U.S. market, not just for their e-commerce expansion, but to…
Primark announced that it will open a new store at Great Lakes Crossing Outlets in Auburn Hills, Michigan on Sept. 12. The retailer's first store in Michigan, this opening will offer Detroit-area shoppers more than 36,600 square feet of retail selling space with the latest fashion trends and essentials for the whole family, as well as…
Technology has long paved the way for consumers to shop beyond their own domestic markets. Today, a growing number of international e-commerce brands, including Temu and Shein, are enticing overseas shoppers with unique product offerings, competitive pricing, and more. Demonstrating the opportunity, over half (52 percent) of U.S. and U.K. online shoppers have purchased at…
Amid economic volatility, brands across the globe are asking themselves: How can we consistently increase revenue during inconsistent times? Looking at the variety of potential solutions, many prominent merchants and e-commerce providers are opting to increase investment in their international online retail presence. Walmart, for instance, is charting a five-year plan to double its gross…
During a keynote session earlier this week at Shoptalk in Las Vegas, Joanne Crevoiserat, CEO of Tapestry, parent of brands Coach, Kate Spade, and Stuart Weitzman, detailed the organization's strategy for strengthening its brands and winning over customers in a shifting retail landscape. Here are some highlights from Crevoiserat's interview with Sara Eisen, journalist at CNBC. On Marketing…
E-commerce is fast becoming the lifeblood of the retail economy. In 2021, the e-commerce industry generated $5.2 trillion worldwide, with a 56 percent increase expected by 2026. With statistics like these, it's no surprise that e-commerce has become a driving force for businesses of all sizes. However, serious blind spots threaten that profitability. Entering the next…
2022 was in many ways a challenging year for retail, marked by economic fears and shifts in consumer sentiment. While there are signs that retail may be beginning to stabilize, with record sales being recorded during last year’s Black Friday, there are also clear indicators that shoppers’ behaviors are constantly shifting. The way consumers worldwide prefer to shop online is evolving. A…
The e-commerce sector is bracing itself for a challenging year as global economic slowdown, inflation, and interest rate hikes are dampening consumer spending. At the same time, online marketplaces are increasingly competitive and it becomes more difficult to win sales. For example, in 2020, Amazon.com saw an average of 3,700 new sellers join daily. However,…
More and more brands are recognizing the value of selling direct to consumer (D-to-C) across geographical borders rather than adding products to third-party marketplaces or other channels. Two apparel brands that have done this well are American Eagle Outfitters and Mango, whose executives spoke at the 2023 National Retail Federation Big Show Monday about the…
The National Retail Federation (NRF) announced at its Big Show in New York City this week that it will launch an Asia-Pacific annual conference and exhibition in 2024. For the conference, the NRF is partnering with Paris-based event organizer Comexposium. The inaugural NRF 2024: Retail’s Big Show Asia Pacific will be held June 11–13, 2024, at the Sands…