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David Jones, LSKD reveal how their Black Friday sales are performing so far

Inside Retail

With consumer sentiment and discretionary spend down, many retailers are already facing reduced profit margins and a higher cost of doing business, making hefty discounting for prolonged periods a particularly costly exercise. We’re pleased with the initial sales figures, which are in line with our expectations.

Promotion 241
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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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What does the future hold for Australian department stores?

Inside Retail

Australias department stores are at a crossroads. Once the go-to for everything from fashion to homewares, theyre now struggling to stay relevant in a world of online shopping, specialty retailers, and shifting consumer habits. In September 2024, department-store sales fell by 0.5 So how did we get here?

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Post Covid, department stores are refocusing their menswear offer

Inside Retail

Department stores globally are adjusting their product offer to reflect rapid changes in the menswear category as the impact of the Covid-19 pandemic on the category wears off. But last year menswear rebounded to its pre-pandemic levels, reaching on average 14 per cent of total department-store sales.

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Generative AI is supercharging retail, what does this mean for consumers?

Inside Retail

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?

Consumer 266
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Inside Shinsegae: The Korean department store with a golden boot

Inside Retail

Shinsegae — one of the Big 3 of Korean department store retailing along with Lotte and Hyundai — has continued its great form right through into the second half of the year, helped by the removal of the country’s remaining pandemic restrictions and an increasingly buoyant mood among the country’s more affluent consumers.

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Why Myer’s new chapter has retail analysts and practitioners divided

Inside Retail

I think bringing on 600 or 700 smaller stores only dilutes management focus, he added. In a tough market where department stores are struggling for survival globally, and then you bolt on the old brands of these retail operations? It rejuvenates the sales line of Myer; for a period of time, he added. billion in FY23.

Apparel 262