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Myer’s strategic moves suggest the future of retail is consolidation and loyalty

Inside Retail

Where is Myer’s Wirth now Many experts recognise Wirth’s strong background in loyalty as one of the department store’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.

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Department Stores – what does the future hold?

Retail Focus

The huge increase in online shopping over the past decade or so has had a major impact on department stores, 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.

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Inside Mosaic’s pivot from specialty fashion to digital department store

Inside Retail

Mosaic Brands is seeing positive results from the implementation of a digital department store strategy across several of its core apparel brands, including Noni B, Rivers, Millers and Katies. Mosaic’s department store move isn’t exactly unique in the fashion industry. Leveraging loyalty.

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RM Williams opens third UK store in Marlow

Inside Retail

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.

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Retail sales increase 2.3 per cent in July

Inside Retail

Clothing, footwear, and accessories grew 0.5 billion, and department stores 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

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Behind the demise of Harrolds: A cautionary tale or singular case?

Inside Retail

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.

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David Jones’ turnaround strategy buds as conditions normalise

Inside Retail

The department store giant’s adjusted operating profit rose 85.5 The first principle, knowing your customers, is incredibly important to a luxury department store business like David Jones, Fyfe said. The post David Jones’ turnaround strategy buds as conditions normalise appeared first on Inside Retail.

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