Inside Retail

NOVEMBER 27, 2022

per cent in October as consumers spent $35 billion both in-store and online according to new data from the Australian Bureau of Statistics (ABS). Department store sales grew 23 per cent followed by other retailing at 9.3 Retail spending increased 12.5 Clothing, footwear and personal accessories sales were up 32.8

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Inside Retail

JULY 23, 2024

The long-anticipated deal between Saks Fifth Avenue and Neiman Marcus could create the ultimate department store behemoth at a time when legacy players are facing increased competition from luxury e-commerce companies and a new generation of high-end brands blending premium products with immersive experiences. billion deal.

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Inside Retail

MAY 19, 2021

In KPMG’s Responding to consumer trends in the new reality report, our research details findings from 75,000 consumer survey responses taken over four months, from May to September 2020, across 12 countries. We will explore the four key themes emerging from our research and how retailers need to respond to the changed consumer.

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Inside Retail

JANUARY 4, 2024

Today’s consumers are craving a truly unique shopping experience. We are only at the beginning, and as brands begin to scale their AI utilisation, its full spectrum of benefits for consumers and retailers alike will be uncovered. The post Generative AI is supercharging retail, what does this mean for consumers?

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Inside Retail

MAY 10, 2023

For once, department stores are leading a retail sales recovery instead of lagging it. Supermarkets (5,921 stores) gained 1.8 per cent but the big winners were department stores (190 of them) performing well above the average, with a 13.5 METI counted 190 department stores for its first quarter survey.

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Inside Retail

JANUARY 29, 2024

Australian retail sales increased minimally last December as more consumers opted to purchase on Black Friday in the prior month, reflecting cost of living pressures. ” Department store sales climbed 3.7 ” Department store sales climbed 3.7 billion in December, up 0.8 per cent year over year.

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Inside Retail

FEBRUARY 5, 2024

Department store chain Myer expects fiscal first-half sales and net profit to decline year over year amid a challenging trading environment. The company forecasts sales to fall 3 per cent to $1.83 billion, despite online sales increasing 2 per cent to $390.1 Online sales account for 21.3 per cent of the retailer’s overall sales.

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Inside Retail

DECEMBER 1, 2024

billion, and department stores climbed 0.4 Cafes, restaurants, and takeaways grew 2.3 per cent to $5.48 billion, while clothing, footwear and accessories increased 1.7 per cent to $3.02 per cent to $1.91 ” The post Strong boost in Australian retail sales in October, says ABS data appeared first on Inside Retail Australia.

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Inside Retail

AUGUST 7, 2024

The department store chain expects net profit after tax of between $50 million and $54 million for FY24, compared to $71.1 Other headwinds affecting profit growth include the challenging consumer and trading environment, store closures, and inflationary cost pressures. million in the prior year.

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Inside Retail

OCTOBER 26, 2023

Macy’s has been stepping up to the plate with a series of new moves, from the expansion of its smaller-footprint stores, to a new digital fashion platform targeting younger shoppers. But while these initiatives sound promising, the question remains: can the department store chain truly adapt to the needs of the modern-day consumer?

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Inside Retail

JUNE 25, 2024

However, the merger plan faces a likely regulatory hurdle after the Australian Competition and Consumer Commission has indicated a number of competition concerns. The Premier brands could also provide the department stores with expanded merchandise range options.

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Inside Retail

NOVEMBER 19, 2024

Consumers attracted to value and convenience The year-on-year growth in general retail purchases has bucked recent trends. As a CommBank iQ spending category, general retail covers more than 10 sub-segments, from pet, discount and department stores to online marketplaces. Here are just some of the trends.

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Inside Retail

DECEMBER 20, 2022

A fundamental question about the future of David Jones was put to rest this week, after the retailer’s parent company Woolworths Holdings announced the sale of the department store chain to Australian private equity firm Anchorage Capital Partners on Monday. We’ve seen a general consumer trend away from department stores.”.

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Inside Retail

JUNE 28, 2022

Department stores saw the strongest growth at 5.1 Australian Retailers Association CEO, Paul Zahra advised that sales growth is unlikely to be sustainable and only reflects higher consumer prices as a result of inflationary pressures. Seasonally adjusted Australian retail sales grew in May by 10.4 per cent and 0.8

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Inside Retail

MARCH 2, 2022

per cent of total sales during this period, and comparable store sales fell 9 per cent – only to pick up in the last six weeks of the period, including Boxing day sales, growing 3.2 Store closures and space reductions contributed to a fall in expenses by 1.8 per cent for the half with comparable-store sales dropping by 3.2

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Inside Retail

FEBRUARY 8, 2024

Myer currently operates 56 department stores across Australia, as well as its online business and in-house brands including Sass and Bide, Marcs and David Lawrence. It’s no secret that consumer-facing retail has had a tough year trying to stay price-competitive for customers. million and now account for 21.3

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Inside Retail

FEBRUARY 28, 2024

“The rebound in January follows a sharp fall in December when consumers pulled back on spending after taking advantage of Black Friday sales in November. billion and department stores slid 1.3 Australian Bureau of Statistics data showed that January retail sales rose 1.1 per cent on a year-on-year and month-on-month basis.

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Inside Retail

OCTOBER 15, 2023

It acted as a platform for consumers to interact with and learn about a rotating variety of omnichannel and digitally native brands, by way of QR codes. In doing so, the department store experienced a 1,000 per cent increase in digital sales from 2020 to 2021, CEO and co-founder Matt Alexander said.

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Inside Retail

JULY 3, 2024

Department store sales also declined 1.7 “While the sales boost is a positive indicator for consumer sentiment, it doesn’t change the desperate landscape retail business owners are currently facing.” Food retail sales grew 3.0 per cent to $14.36 billion while household goods sales increased 0.1 per cent to $5.73

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Inside Retail

SEPTEMBER 13, 2023

Department store chain Myer delivered its highest full-year sales since 2005 this year but remains cautious as consumer spending declines due to unfavourable economic conditions. per cent of total sales – and a 10 per cent increase in productivity gains at physical stores. Myer’s total sales grew 12.2

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Inside Retail

SEPTEMBER 15, 2021

Department store Myer has enjoyed the fruits of a rebounding retail environment in FY21, with total sales up 5.5 The business’ Myer One loyalty program has also been a solid driver of customer spending, and throughout the year Myer hit record levels of customer satisfaction in store and net promotor scores online.

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Inside Retail

OCTOBER 13, 2022

Discount department store Kmart has seen this, and following a refocus of its beauty categories over the last 18 months, it has relaunched its house brand Oxx Cosmetics as a ‘luxe for less’ option targeted directly at Gen Z. They’ll be vital consumers for brands to target.

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Inside Retail

OCTOBER 14, 2024

Located at Chadstone Shopping Centre in Melbourne, the 250sqm flagship offers Gentle Monster’s full range of product and experience to Australian consumers. The store features giant head kinetic objects highlighting the brand’s compelling visual narratives.

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Inside Retail

NOVEMBER 8, 2022

And it supplies to department stores, such as David Jones, Myer, Kmart and Big W. We have a Coles business and a volume department store business, and because they have FMCG offerings, it meant that they were open a lot of the lockdown,” she said. “We Focusing on the consumer.

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Inside Retail

MARCH 5, 2023

Geoff Ikin, Myer’s chief customer officer, said the partnership combined with the Myer One loyalty program will enable the retailer to “provide a compelling and market-leading loyalty proposition” to Australian consumers as the cost of living increases.

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Inside Retail

MAY 3, 2023

per cent year-on-year in March as consumers spent more than $35.3 billion in stores and online, according to data from the Australian Bureau of Statistics (ABS). per cent, department store sales at 4.7 Retail spending rose 5.4 Cafes, restaurants and takeaway sales were up 17 per cent followed by food sales at 8.6

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Inside Retail

JULY 30, 2024

Department stores came in second as its sales grew 4.2 “Retailers told us that consumers continued to target sales events and look for the best deals before buying big-ticket items like furniture, bedding, TVs and laptops,” said Ben Dorber, ABS head of retail statistics. . per cent, with sales hitting $5.68

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Inside Retail

JANUARY 18, 2023

Woolworth Holdings’ sale of the David Jones department-store business has cleared the way for the brands of its Country Road Group division to return to the shelves of Myer. Flagship and CBD stores performed particularly well and online sales accounted for 17.2 per cent of turnover, compared with 28.1

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Inside Retail

JUNE 30, 2021

From using non-toxic paint in stores to digitising documents to avoid paper waste, more businesses are taking steps to make their physical operations more sustainable. That includes the Japanese department store chain Takashimaya. Takashimaya opened its first store in Kyoto, Japan, in 1831, selling gofuku (formal kimono).

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Inside Retail

JANUARY 21, 2024

Customer experience is almost as important to consumers as the product itself, and the experience of buying a luxury item directly from the designer is an area in which luxury brands are constantly investing. Longchamp manages 325 direct-to-consumer stores through 25 distribution subsidiaries around the world. billion in 2024.

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Inside Retail

MAY 17, 2023

One of the key issues facing Simon and other mall operators is that they are still joined at the hip to department store anchors. Seven of Simon’s top 10 anchors are mainstream department store chains, headed by Macy’s (97 stores) and JCPenney (53 stores).

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Inside Retail

AUGUST 11, 2022

Department store giant David Jones unveiled the latest Spring/Summer collections this week in its Elizabeth Street flagship in Sydney. The runway featured local and international brands such as Aje, Camilla and Marc, Hugo Boss, P.E. Nation, Carla Zampatti, Matteau, Balmain, Balenciaga and Alexander McQueen.

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Inside Retail

APRIL 30, 2024

Department stores dipped 0.3 National Retailers Association deputy CEO Lindsay Carroll also cast doubts on the future of the retail sector, noting how high interest rates and low consumer confidence have caused a cost-of-trading crisis. Food sales went up 2.1 per cent while cafes, restaurants and takeaway rose 1.2 billion.

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Inside Retail

OCTOBER 24, 2024

Australian activewear brand Do You Even marked the start of its Big W retail partnership and its first range being stocked in the discount department store with a consumer launch event. The Do You Even range at Big W officially rolls out in over 150 stores nationwide on Monday, October 28. “We

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Inside Retail

JANUARY 31, 2022

Despite the fall, spending on retail goods remains heightened compared to December 2020 for all retail industries except for department stores which is down by 9.0 Likewise, food retailing such as supermarkets, liquor stores rose 2.2 Retail turnover fell 4.4 per cent this month. per cent), October (4.9

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Inside Retail

SEPTEMBER 26, 2021

For the past few weeks, reports tha t Amazon is planning to open mini-department stores in the US have been making headlines and capturing industry attention, despite the lack of details and comment from the e-commerce giant. . Replicating the online experience in-store. In China, it’s all quite new.

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Inside Retail

DECEMBER 13, 2023

Woolworths will not face opposition from the Australian Competition & Consumer Commission (ACCC) to acquire a 55 per cent stake in Petstock – the country’s second-largest specialty pet retailer.

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