Inside Retail

FEBRUARY 24, 2022

Myer has announced the closure of its Blacktown store in Sydney’s outer west, a move that follows the reduction of footprints of five other stores across Australia. . Since then it has closed stores located at Logan, Hornsby, Emporium and – most recently – Knox, last August.

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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

JUNE 25, 2024

A merger with Sigma Pharmaceuticals remains the preferred option for restructuring Chemist Warehouse but if that plan is quashed by regulators or Sigma shareholders there is a plan B. A straightforward initial public offering is a live option for Chemist Warehouse following extensive planning over six years.

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Inside Retail

JUNE 9, 2021

Fast-growing Australian online retailer Canningvale plans to relaunch the iconic Singaporean department store Robinsons as an online-only business this month after acquiring the company’s digital assets for an undisclosed sum. Some of the brands have a history with Robinsons, while others are new to the department store. .

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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 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

JANUARY 6, 2022

Authentic Brands owns over 30 brands including Forever 21, Van Heusen and Volcom, and holds a retail portfolio spanning the luxury, specialty, and department store spaces. The post Authentic Brands forfeits IPO plan after private deal appeared first on Inside Retail.

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Inside Retail

AUGUST 27, 2024

A recent Myer trading update will have analysts and investors thinking long and carefully about the bold proposal by the department store for a merger with Premier Investments. The review of the Myer department store business and Myer Specialty Brands was initiated by John King, who retired as CEO in June.

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Inside Retail

JULY 10, 2024

Shepard was inspired to start the brand based on his own experiences searching for such products, and he knew other consumers were looking for the same thing. An untapped apparel market Consumer demand for gender-neutral clothing or unisex fashion styles has been growing in recent years.

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Inside Retail

SEPTEMBER 17, 2024

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 department store chain for US$3.8 The department store division has various structural challenges, while the off-price Rack division is starting to produce some good growth.

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Inside Retail

NOVEMBER 10, 2024

After closing its first direct-to-consumer (DTC) store in Australia in the Sydney suburb of Woollahra, the brand initially planned to open a boutique in Bondi Beach. Coming to the consumer Ecoya has a strong online business partially attributed to its loyal following.

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Inside Retail

SEPTEMBER 16, 2021

Myer’s online sales have more than doubled since John King took over running the department store in 2018, and the CEO believes they can double again to reach $1 billion in the not-too-distant future. But while online sales boomed in FY21, Myer’s in-store sales suffered from forced closures during lockdown. Myer reported $539.5

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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

FEBRUARY 27, 2024

This week, Macy’s announced plans to shut down 150 “underproductive” stores, more than one-fifth of its department store assemblage, over the next three years. The closures are a part of the retailer’s plan “to create a more modern Macy’s, Inc. per cent of its workforce. In December, Macy’s received a $5.8

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Retail Times

AUGUST 20, 2021

Amazon's plans to open several department-style stores across the US, offering consumers the chance to physically shop for clothing, household items, electronics, and other popular goods, will send ripples through the retail sector, says software specialist VAI.

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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

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

NOVEMBER 8, 2022

And it supplies to department stores, such as David Jones, Myer, Kmart and Big W. According to Norton, Designwoks plans to expand in four key areas. 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

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Inside Retail

MARCH 14, 2024

Myer’s outgoing chief executive officer, John King, told shareholders in today’s half-year results conference call that its customer-first plan continues to deliver for the business despite the macroeconomic conditions. It took them 124 years, but they’re now reaping the rewards,” he concluded.

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Inside Retail

NOVEMBER 2, 2023

Despite the efforts that go into planning, maintaining and marketing local shopping areas, the people who use these places are often not consulted about what they actually want and need on their main street. We wanted to find out what consumers see as their ideal local shopping street. What are the key shops and services?

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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. Does Aptos have any exciting plans for the next 12 months? We’re also excited to see more customers adopt our newly reimagined store fulfilment app.

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Inside Retail

FEBRUARY 1, 2024

The high perfumery now has six global flagships with plans to open another four locations within the APAC region over the next 12 months. The stronghold that department stores have on the market share meant that partnering with department stores and the right ones was essential for the success of the brand’s Australian expansion. “By

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Inside Retail

JUNE 29, 2022

Understanding the Chinese consumer. From Chiu’s perspective, Chinese consumers have always been on the lookout for luxurious experiences with international brands. As a British lifestyle brand, we want to be authentic but more importantly, relevant to Chinese consumers. I am a strong believer in online-to-offline experiences.

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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

JULY 10, 2024

ARA CEO Paul Zahra said the retail body does not support the change as the current regulations, which allow all stores to open after 1pm, strikes “the right balance”. Further reading: Tasmania plans new laws to protect retail staff The post ARA voices concern over NSW Anzac Day trading ban appeared first on Inside Retail Australia.

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Inside Retail

FEBRUARY 26, 2024

One of the key trends that defined retail in 2023 was pop-up shops and how these experiential shopping experiences have taken hold over millennial and Gen Z consumers. Just this week, American department store chain Nordstrom announced a unique collaboration with the British fashion brand Paul Smith.

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Inside Retail

JUNE 12, 2024

Laurent Boidevezi, the Apac president of luxury liquor group Moet Hennessy kicked off the day by outlining the company’s plans to expand on building its maison’s direct retail spaces as it looks to boost engagement with new generations of end customers. We all know retail is very cyclical but at the same time it is all about relevance.

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Inside Retail

FEBRUARY 25, 2024

L’Occitane purchased Dr Vranjes Firenze in January this year for a reported US$164 million, or approximately 12 times its core earnings, from Bluegum Capital Partners, a European private equity fund that specialises in consumer brands. Its work with premium Australian department store chain David Jones is an example of this.

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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 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. Like many retailers, both in the US and internationally, Macy’s has been impacted by the decline in consumer interest in shopping in traditional department stores amidst the rise of online shopping.

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Inside Retail

APRIL 17, 2023

All that combines to shift the mindset of consumers to what we call ‘mindful consumption’. Last month, the department store reported its highest interim profit since 2014. And you’ll need a pre-planned mechanism to achieve that. And we predict the influence of the mindful consumer will last for a long period of time.

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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

JANUARY 15, 2023

Anchorage struck gold with the $20 million acquisition of the Dick Smith consumer electronics chain from Woolworths Group in November 2012. Woolworths had written off more than $420 million restructuring the business, which was Australia’s largest consumer electronics chain by store count. No more balance sheet shuffle .

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Inside Retail

OCTOBER 20, 2024

The term 1-per-center refers to the wealthiest 1 per cent of consumers. Which is why Mytheresa North American president Heather Kaminetsky said the ultimate secret to catering to the 1 per cent consumer is offering them the one thing money can’t buy: time. “I What is the 1-per-cent customer looking for?

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Barber Design

OCTOBER 6, 2016

Following on from our post about organic skincare brand, Neal’s Yard Remedies – it looks as if the iconic retailers are onto a winner as the latest retail trends suggest that health and beauty is a growing area of focus for many retailers – including major department stores John Lewis , Debenhams and Harvey Nichols.

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Retail Focus

MAY 16, 2022

Yvonne Foley, Senior Direct Retail Manager said: “ Dyson operates more than 300 Dyson stores worldwide, and our Dyson Demo store at the world’s leading luxury department store, Harrods will add to our growth plans for the future.

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Inside Retail

OCTOBER 14, 2021

JM: I definitely didn’t have a grand career master plan. What I enjoy doing is identifying what’s unique about a business almost irrespective of the category, and working out how we can own that USP and make it best-in-class for the consumer. PZ: Were you naturally an ambitious person?

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