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Where is Myer’s Wirth now Many experts recognise Wirth’s strong background in loyalty as one of the departmentstore’s greatest assets. Under Wirth, Myer has hopefully redefined its strategy, streamlining operations for a balanced omnichannel approach,” Nick Gray, the founder of I Got You Consultancy, told Inside Retail.
The huge increase in online shopping over the past decade or so has had a major impact on departmentstores, with many consumers turning to Amazon, eBay and other online shops for shopping, rather than a more traditional trip out to a physical store. Changing culture of shopping.
Mosaic Brands is seeing positive results from the implementation of a digital departmentstorestrategy across several of its core apparel brands, including Noni B, Rivers, Millers and Katies. Mosaic’s departmentstore move isn’t exactly unique in the fashion industry. Leveraging loyalty.
The store joins RM Williams’ existing locations in London’s New Bond Street and Berwick Street, Soho. Another UK store will open in Cambridge in December. The store will feature RM Williams’ new retail design concept, which it introduced at its Sydney flagship last year.
Clothing, footwear, and accessories grew 0.5 billion, and departmentstores went up 0.1 July turnover grew 2.3 per cent year over year to $36.16 billion, with the ‘other retailing’ segment, which includes cosmetics, sports, and recreational goods, recording the highest growth, of 5.5 per cent, reaching $5.66
But if the business had a more robust digital presence, it may have been able to offset the decline in foot traffic to its CBD stores. Foot traffic in city centres has dropped along with a more cautious approach to spending currently, but those who have invested in omnichannel strategies seem to be keeping up with the changes,” Gray said.
The departmentstore giant’s adjusted operating profit rose 85.5 The first principle, knowing your customers, is incredibly important to a luxury departmentstore business like David Jones, Fyfe said. The post David Jones’ turnaround strategy buds as conditions normalise appeared first on Inside Retail.
The acquisition of Just Jeans, Portmans, Jacqui E, Dotti and Jay Jays by Myer provides a new growth channel after several years of reducing departmentstore floor space and trying to find a fashion edge. The Premier brands could also provide the departmentstores with expanded merchandise range options.
The brand has grown to have a presence in 80 countries through a distribution network encompassing 1200 points of sale across stand-alone stores, franchises, departmentstores, multi-brand leather goods stores, travel retail and e-commerce websites.
The company operates around 200 brick-and-mortar stores across Australia and New Zealand, along with concessions in David Jones departmentstores. She was integral in developing the company’s group strategy for its brands in the past. Hopkinson commences in her new role on Monday (February 28).
Myer currently operates 56 departmentstores across Australia, as well as its online business and in-house brands including Sass and Bide, Marcs and David Lawrence. per cent increase is a case of under-promising and over-delivering, the departmentstore CEO is taking the win as a sign of more growth to come. “We
According to Bastion Insights, a strategy consultancy specialising in cross-cultural insights, luxury Australian retailers have – by and large – struggled to effectively engage with local consumers of South Asian or Mainland Chinese descent.
Australian activewear brand Do You Even marked the start of its Big W retail partnership and its first range being stocked in the discount departmentstore with a consumer launch event. This partnership is just one step in our larger strategy to grow the Doyoueven community,” Ozturk said.
The departmentstore chain appointed Megan Collins as chief people officer, effective April 28, while promoting Belinda Slifkas from GM of menswear, childrenswear, and home and entertainment to chief merchandise officer. . Kathy Karabatsas, formerly of David Jones, has succeeded Matt Jackman as CFO, effective March 14.
Australian online marketplace The Iconic added a new string to its bow last week with the addition of the Home category, extending its 80,000-strong product range with contemporary homewares; from bedding, kitchen and bath accessories to tech, aromatherapy and artwork.
So as more and more retailers integrate the benefits of AI into their growth strategy, what will be next for this transformative technology? Category management – for example, range and assortment planning, pricing strategies – is a typical use case where AI can augment human decision-making. And how will it shape the way we shop?
Earlier this month, several members of the Nordstrom family, including the company’s CEO Erik Nordstrom and president Pete Nordstrom, offered to acquire the legacy departmentstore chain for US$3.8 The departmentstore division has various structural challenges, while the off-price Rack division is starting to produce some good growth.
With over 200 stores and a slew of international brands, including Celine, Ganni, Levi’s and Reebok, United Arrows is one of the country’s largest select shops, which is a kind of mini departmentstore. Brothers Omar and Zane Sabré (l to r) started the accessories label in 2017. Image: Supplied.
If we let it, the voluntary administration of Mosaic Brands can show us the downside of having a large store network while the sale of Premier Investments’ Apparel Brands can show us the upside. The events of this week have brought the state of bricks-and-mortar in Australia’s rag trade into focus.
Myer has revealed the details of early shareholder votes in favour of its proposed acquisition of Premier Retail’s apparel brands Just Jeans, Jay Jays, Portmans, Dotti, and Jacqui E. In a summary of direct and proxy votes received on the resolution before the meeting, Myer said that 95.45 per cent voted against it.
They think, ‘Oh, I’ll just go to a departmentstore.’ IR: Can you tell me what that strategy looks like? Then we’ve done bus wraps, too, but most importantly, we’re tying all of that into a digital strategy with Google AdWords – retargeting, paid social. It’s only just beginning.
per cent) and departmentstores (down 0.4 But clothing, footwear and accessories are up 2 per cent, food retailers are up 1 per cent while cafes and restaurants are also enjoying a 1.3 You could try the Coles strategy of locking in a bunch of prices until January, seemingly by strong-arming suppliers to reduce costs.
Inflationary pressure on consumer discretionary spending, supply chain disruptions and elevated inventory levels, which tie up a retailers’ net working capital, are set to create the perfect storm for retailers that do not have a strategy in place to ensure they are well positioned for the choppy market conditions ahead.
“Local products have always been a key pillar in our strategy to deliver a unique, relevant and exciting shopping experience for our customers,” said George Tsoukalas, Heinemann Australia MD. The post Luxury resort wear brand Camilla opens at Sydney Airport appeared first on Inside Retail.
The French Government’s international trade agency, Business France, has launched an online showroom to connect French fashion and accessories brands with industry professionals in the APAC region. The pandemic has impacted some bricks-and-mortar stores all over the world, particularly in larger settings that rely on international travellers.
However, it is possible to do it – A Bathing Ape has regained momentum and Stussy is on fire despite the founders having long departed. EssilorLuxottica cannot be greedy, this process has to be a long-term strategy,” he added. Is EssilorLuxottica a better fit? per cent of the luxury eyewear market.
She believes that Bestseller’s partnerships with Myer and David Jones had been particularly significant in Australia, due to the departmentstores’ size and strong reputation. She contended that this strategy would ensure the financial stability of Bestseller, as well as the group’s partners.
There is also a view that the breakup strategy could fund further acquisitions, including the Myer departmentstore chain in which he has already built a substantial shareholding. Most punters think the move is about unlocking value in the businesses while pursuing growth via more focused entities.
Signed on a 12-year lease and spanning 10,000 sq ft, the new Bershka store will sit on Level 2, beside the new ZARA, in a prime position. It will offer the latest womenswear and menswear collections, along with accessories, through a world-class and vibrant in-store experience. million sq ft.
Fulfilment by GlamCorner now sees the platform handling the logistics of clothing rental on behalf of fashion brands, including warehousing, cleaning, shipping and returns, and giving brands their own rental stores, which they can embed in their e-commerce sites and promote to customers. The ‘Attenborough’ effect.
However, last month Designworks, the wholesale arm of Brand Collective, a leading house of lifestyle brands in Australia, announced that it was relaunching Pavement in the marketplace through the discount departmentstore Big W.
Sales and profit through the David Jones departmentstore chain and Country Road Group surged in the half year to December 25, according to a filing by South African parent Woolworths Holdings. Adjusted operating profit was up 245.8 per cent to $106.5 million with overall turnover up by 31.8 per cent and concession sales by 27.6
SM Investments, the holding company for separate business units involved in retail, property and banking, has given investors an encouraging update on its business performance and strategy, along with its annual report released on April 8. The specialty retail group, consisting of 1660 stores, has experienced a same-store sales increase of 6.0
Harvey Nichols has introduced the world’s first blue-chip non-fungible tokens (NFT) retail concept space inside a luxury departmentstore dubbed HN NFT Vault at the retailer’s Pacific Place store in Hong Kong. Furla unveils new look store in Hong Kong’s IFC Mall. C Commitment Letter last year. “We
Luxury departmentstore Harvey Nichols recently announced the opening of the first blue-chip non-fungible token (NFT) retail space at its Pacific Place Hong Kong store. Physical stores are seeking to understand their place in the digital economy and align with this cultural phenomenon.
Colette by Colette Hayman Marquee Retail Group acquired CBCH, a fashion accessories and jewellery brand, out of administration in September 2020. Brookes told Inside Retail that, following the purchase, CBCH scaled back its operations from 120 to 35 stores, and reduced its stock levels. Our plan is to build a local, online business.
David Jones on Wednesday unveiled the final stage of the $50 million revamp of its Bourke Street flagship store in Melbourne, which includes innovative spaces for luxury brands and a world-class sunglasses destination on the ground floor, as well as a pop-up bar on level two.
Bergh, who has served as president and CEO of Levi Strauss & Co since 2011, is reflecting on his legacy as he prepares to hand over the reins of the $6 billion global business to his successor Michelle Gass, the former CEO of American departmentstore chain Kohl’s, who joined Levi’s earlier this year. It was pivotal,” he says.
In March, Aeon Phnom Penh, the older of the two and informally known as ‘Aeon 1’, hosted the opening of H&M’s first Cambodian store, an 1800 square metre shop spread over two levels offering women’s, men’s and kids’ clothing and accessories. Vietnam is the big prize. The post Can Japan’s Aeon become a global juggernaut?
In November last year, Aditya Birla Fashion and Retail entered into a strategic partnership with French departmentstore chain Galeries Lafayette to open luxury departmentstores and a dedicated e-commerce platform in India. An ever-evolving market Apple is far from the only premium brand eyeing the opportunity in India.
The strategy behind the catalogue relaunch is not a hail mary to return J Crew to its former glory – the company’s sales are close to US$3 billion this year, according to its CEO Libby Wadle – but rather to evoke a sense of nostalgia amongst customers and reposition itself as the pioneer of all-American style.
Luxury wellness is going to become a much bigger category in the next year or so, according to Danny Lattouf, partner and chief strategy officer at The General Store. Departmentstores. “On You can also watch all three episodes on-demand here. . Up-and-coming categories. One category that didn’t make the cut?
That percentage is likely to rise even further, since food and beverage operators account for the most leasing inquiries for space, followed by health and beauty, and then fashion and accessories. per cent, year over year, in the second quarter (the most recent full-calendar quarter reported by SingStat) and by 3.1 per cent in June.
Venturing beyond the traditional retail sphere, the group has also made its mark in travel retail, securing its place as the master concessionaire for fashion & accessories at Jakarta’s Airport In Indonesia. Tailoring motivational strategies and recognition aligned with cultural values is also important,” he said.
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