Remove Consumer Remove Department Stores Remove Retail Chains
article thumbnail

Analysis: Consumers and the new reality

Inside Retail

Globally, a different retail customer has emerged with new behaviours and decision-making criteria. 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. Erosion of trust.

Consumer 246
article thumbnail

A marriage of convenience? Myer’s acquisition of Premier’s apparel brands

Inside Retail

However, the merger plan faces a likely regulatory hurdle after the Australian Competition and Consumer Commission has indicated a number of competition concerns. The Myer takeover of Premier Retail’s apparel brands seems certain to succeed as part of Solomon Lew’s restructure of his retail investments.

Apparel 277
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The strengths and weaknesses of Nordstrom’s bid to go private

Inside Retail

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 billion in partnership with Mexican retail company El Puerto de Liverpool. Today it is valued at just US$3.7

article thumbnail

Opinion: Consumers’ screen times gives shopping centres a headache

Inside Retail

Retail chain results for the latest financial year indicate spectacular growth in online sales and, in many instances, a dip in the average sales per store. per cent of total retail spending in the year to June 2021, after excluding cafes, restaurants and take-away food.

Shopping 130
article thumbnail

Why it’s good to be a mall operator in the Philippines right now

Inside Retail

The booming retail business Aside from the retail properties, SM Investments also has a separate retail arm consisting of about 3850 department stores, supermarkets, hypermarkets and specialty stores. Same-store sales have been increasing at a rate above 6 per cent and twice that at its 74 department stores.

article thumbnail

Welcome to the post-Covid customer

Inside Retail

Globally, a different retail customer has emerged with new behaviours and decision-making criteria. 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. Erosion of trust.

Consumer 130
article thumbnail

For Singapore’s Capitaland, the mall comes roaring back

Inside Retail

Improved sales flowing through to rents In recent years, with retail chains aggressively pruning their real-estate portfolios, sometimes withdrawing completely from national markets, it has become increasingly important for shopping-centre operators to ensure that they are not overly dependent on revenues from one or a small number of tenants.