Inside Retail

NOVEMBER 27, 2024

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. LSKD’s approach has also garnered the attention of consumers and its community. “We

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Inside Retail

MARCH 5, 2025

A year after the French luxury department store originally announced it would be launching its first US location, Printemps is officially opening a brick-and-mortar store in the heart of New York Citys financial district on March 21. Department stores havent had the best reputation the last few years.

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Inside Retail

JANUARY 9, 2025

The consensus within the retail industry is that Nordstroms partnership deal with the Mexican retail group will improve the department store retailers chances of thriving at a time when many legacy players, like Macys, are struggling to survive. However, long-term success for Nordstrom wont come without further changes.

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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

NOVEMBER 11, 2024

For October, the brand analysis focused on the dispatch and delivery criteria, which include dispatch times, delivery times, dispatch and delivery communication, order traceability, courier quality, and the effectiveness of delivery expectations management. “Consumers hate unpleasant surprises.

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Inside Retail

NOVEMBER 4, 2024

“Premier’s Apparel Brands were successful by maintaining a pretty clear brand positioning, managing a streamlined portfolio well and keeping that aligned with consumer preferences – I think they embraced a strong omnichannel strategy overall,” shared Gray. “I Hats off to Myer.”

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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. And how will it shape the way we shop? And one of the foremost concerns is security.

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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

SEPTEMBER 1, 2022

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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Inside Retail

OCTOBER 29, 2024

Right now, we’re dealing with financial strain, ongoing changes in consumer habits, and increased online competition.” If physical stores are meant to be the embodiment of a rag trader’s brand, any absence of identity and vision will be on display for customers alongside the racks of clothing.

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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

OCTOBER 12, 2021

Australian department store David Jones has become the latest retailer to sell pre-owned clothing following the announcement of its partnership with Sydney-based luxury reseller Blue Spinach last week. The post David Jones is the latest department store to embrace resale.

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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. How involved will Anchorage be in the management of David Jones going forward?

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Inside Retail

OCTOBER 20, 2024

billion last year, retail analyst and GlobalData managing director Neil Saunders told Inside Retail. The term 1-per-center refers to the wealthiest 1 per cent of consumers. A lot of our consumers are extraordinarily busy, whether it’s with their family, business or traveling, time is never on their side,” Kaminetsky said.

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Inside Retail

JANUARY 23, 2025

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? The question I would always have for a board is, what is the benefit to the consumer?

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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

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

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

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

NOVEMBER 8, 2022

And it supplies to department stores, such as David Jones, Myer, Kmart and Big W. Designworks’ divisional general manager Brooke Norton told Inside Retail that the brand sells about 15 million units each year and is heading towards $200 million in wholesale sales. Focusing on the consumer.

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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.

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Inside Retail

FEBRUARY 17, 2025

The themes on display are often indicative of the global trends affecting consumers and retail. In the past year or so, KPMG has published global research papers that add further insights to the big trends affecting retail models and consumer behaviour. What do consumers think and how are retailers using it? trillion in 2030.

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Inside Retail

NOVEMBER 2, 2023

Local governments, planners, place makers, economic development managers, trade associations and retailers work hard to design, improve and revitalise main streets. We wanted to find out what consumers see as their ideal local shopping street. The top ten stores and services in an ideal main street. Utilitarian shoppers did not.

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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.

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Inside Retail

DECEMBER 11, 2023

Since the retailer’s establishment in 1858, Macy’s has become one of the most well-known department stores in the US, if not the world. billion acquisition offer from an investor group composed of Arkhouse Management and Brigade Capital. Macy’s declined to comment on the offer at the time of this writing.

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Inside Retail

APRIL 21, 2022

Department store David Jones has launched a re-sale clothing initiative called Reloop in partnership with fashion rental company GlamCorner. Reloop also offers a premium concierge and end-to-end service managing the entire process from collection, listing and reselling of items nationwide.

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Inside Retail

OCTOBER 7, 2022

per cent – retailers might be expecting tough economic conditions, as consumers are expected to cut back. . Customers were spending more on clothing, footwear and personal accessories, department stores and cafes and restaurants in July 2022, compared to the 12 months prior, and consumer sentiment was also up, by 3.9

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Inside Retail

SEPTEMBER 18, 2024

Aptos develops and delivers unified commerce solutions for specialty softlines, hardlines and department store chains in North America, Europe, Asia and ANZ. Specifically, we develop point of sale, merchandising, order management, CRM, sales audit and analytics solutions.

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Inside Retail

JULY 5, 2021

In shopping centres, consumers will scan a QR code to learn more about each artist and make a purchase if they wish. The message of Heal Country is such an important one, and there is no better way to celebrate the message with all of our communities than through art,” Mirvac’s general manager of retail, Kelly Miller, said.

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Inside Retail

MAY 20, 2021

Former Topman managing director joins BooHoo. BooHoo Group has appointed Mitch Hughes as the new managing director of its newly acquired Arcadia Group brands Dorothy Perkins, Wallis, and Burton. This forms our commitment in building a trusted used car industry and elevating consumer experience, now powered by data.”.

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Inside Retail

JUNE 12, 2024

While the vast majority of the French-headquartered company’s sales are still wholesaled through department stores and travel retailers, Moet Hennessy is starting to open more of its own stores in airports, stores-in-stores and standalone boutiques, typically located in the luxury precincts of major international cities. “We

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Inside Retail

APRIL 12, 2023

The country’s growing economy and expanding middle class have created a favourable environment for global brands to set up shop and tap into a new consumer base. billion Direct-to-Consumer (D2C) shipments by 2030. In recent years, India has emerged as a major market for luxury brands.

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Inside Retail

JULY 25, 2023

After 17 years of running its discount department stores separately, retail conglomerate Wesfarmers announced earlier this week that it would be consolidating the back end operation of Kmart Australia and Target Australia. Kmart Group CEO Ian Bailey said this was due to how difficult it has been to “get tech into Target”.

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Inside Retail

NOVEMBER 16, 2022

Burberry has lagged competitors like Gucci, Prada and Loewe in creating a sharp brand in recent years and Lee will play an “important part in re-igniting interest”, said Mario Ortelli, managing partner at advisory firm Ortelli&Co.

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Inside Retail

JULY 15, 2021

Cox was previously AusPost’s executive general manager of transformation and enablement. Cox is just one of several senior leaders at Australia Post who have departed from the company recently, which The Australian described as “a mass exodus”. Chief risk officer Claire Hamilton is leaving for a similar role. Tantoco was 100 years old.

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Inside Retail

JANUARY 25, 2024

But while the two executives have much in common – they both had stints at consumer packaged goods giant P&G, which is the reason they “hit it off immediately,” Bergh told Inside Retail – there are bound to be differences with any leadership change. Every part of the experience has to be absolutely spot on for the consumer.

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Inside Retail

JUNE 22, 2021

Starts at 60’s move into e-commerce comes as health concerns and store closures due to the global pandemic continue to drive more seniors to shop online. The Australian Bureau of Statistics has revealed that one in six consumers over the age of 65 plan to shop online more as a result of Covid. Older online shopping ‘boom’.

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