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Typically, consumers seek out departmentstores and shopping centres to get in the holiday spirit but LaManna has managed to position itself as the exception. The food emporium has earned a reputation for its hospitality-first approach in the grocery sector and its strategy for the holiday season will follow the same playbook.
Where is Myer’s Wirth now Many experts recognise Wirth’s strong background in loyalty as one of the departmentstore’s greatest assets. Under Wirth, Myer has hopefully redefined its strategy, streamlining operations for a balanced omnichannel approach,” Nick Gray, the founder of I Got You Consultancy, told Inside Retail.
A year after the French luxury departmentstore 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. Unlike its other locations, the Printemps New York store will not have shop-in-shops.
Iconic denim lifestyle brand Levi’s has unveiled a unique storefront takeover – the largest of its kind in Europe – with premium London departmentstore celebrating the campaign launch of REIIMAGINE Chapter II, featuring global icon, Beyonc.
This year, David Jones has expanded its Black Friday offering in a number of ways, upping the number of offers from last year to over 400 and going beyond discounting alone to promote exclusive offerings from brands only available at the departmentstore. It also provided customers with more time to shop these deals.
Japanese departmentstore Matsuya has introduced a digital platform with a click-and-collect service including tax refunds in a bid to tap into the growth of international tourists. Insights from both in-store and online interactions help us align the platform with customer expectations, ensuring relevance and satisfaction.
The huge increase in online shopping over the past decade or so has had a major impact on departmentstores, 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.
Australias departmentstores are at a crossroads. Competition has never been more fierce and while data from the Australian Bureau of Statistics showed an uptick in department-store sales in November, this is likely temporary with earlier months showing stagnation or decline. So how did we get here?
We have ‘iconic’ shopping centres, ‘iconic’ retail stores, ‘iconic’ restaurants, ‘iconic’ hotels, ‘iconic’ rock groups. But Takashimaya, a retailer of 1831 vintage and still the largest departmentstore chain in Japan, is surely genuinely deserving of the word. The amount of departmentstore floorspace declined by 6.1
A spokesperson for Anchorage called the deal a “landmark transaction”, and said the firm was thrilled to take on the 183-year-old departmentstore. Fyfe said that he and the Anchorage team see many opportunities to optimise value and innovation in the David Jones business.
The brand does this in two ways: its selective curation of products and personal shopping services. It’s all about experience Selvane Mohandas du Ménil, the managing director of the International Association of DepartmentStores, said there are three main types of retailers that cater to the 1 per cent.
“If approved by shareholders, it will create a leading retail group with more than 780 stores across Australia and New Zealand, with a large and highly engaged customer base and capital to fund future investment and growth,” she added.
In November last year, Aditya Birla Fashion and Retail Limited (ABFRL) entered into a strategic partnership with French departmentstore chain Galeries Lafayette to open luxury departmentstores and a dedicated e-commerce platform in India. Both strategies could work, in his opinion. “A
Even through Meta’s adjustment to a “pay-to-play model”, SIR has maintained a close relationship with its loyal customers with its considered but still creative social media strategy. This means a more curated tone that speaks to a brand piece, mixed back with a lo-fi behind-the-scenes, less curated moments,” she added.
It creates the ability to curate a marketing plan and reach a target audience, and can be much more effective at driving awareness, consideration or conversion,” Holloman told Inside Retail. Key to David Jones’ newly launched retail media network, Amplify, is the departmentstore’s customer base, Holloman explained.
Luxury departmentstore Harvey Nichols recently announced the opening of the first blue-chip non-fungible token (NFT) retail space at its Pacific Place Hong Kong store. The innovative concept named ‘HN NFT Vault’, invites customers to browse and purchase digital art NFTs from a curated selection of globally recognised projects.
The strategy behind the catalogue relaunch is not a hail mary to return J Crew to its former glory – the company’s sales are close to US$3 billion this year, according to its CEO Libby Wadle – but rather to evoke a sense of nostalgia amongst customers and reposition itself as the pioneer of all-American style.
Inside Retail connected with retail experts Nikki Baird, the vice president of strategy and product at Aptos, a retail technology company, and Neil Saunders, managing director and retail analyst at GlobalData, to gather their thoughts about the potential “Great Mall Resurgence” and what retailers should keep in mind. That is less so today.
Just this week, American departmentstore chain Nordstrom announced a unique collaboration with the British fashion brand Paul Smith. The founder of the eponymous brand highlighted another similarity between his business and the departmentstore chain. “I The brand can also gain experience with retail operations.
Stand-alone pop-ups are particularly effective for brands looking to make a bold statement or test a new market without the long-term commitment of a permanent store. Cooperative pop-ups bring together multiple brands under one roof, creating a curated, multi-brand experience.
David Jones CEO Scott Fyfe said the retailer drew on lessons learned from the revamp of its Elizabeth Street flagship store in Sydney in 2019 to ensure the Melbourne project was a success. Departmentstores are big boxes, and you’ve got to have an experience on every floor,” he told Inside Retail. “We’ve
Spearheading this move are two flagship stores nestled in prime locations: one at the prestigious Shin Kong Mitsukoshi departmentstore in Taipei’s vibrant Xinyi Xintiandi district, and the other at the iconic Dubai Mall. Its location in Taipei was designed after careful consideration of Shin Kong Mitsukoshi A8 shoppers.
To combat this, many luxury retailers have turned to discounting, especially online, to continue to attract customers, a strategy that juxtaposes the very essence of luxury. I think, over a period of six years, that magic completely disappeared, the curation disappeared, as did the understanding of the consumer.
I was a consultant at PwC in London before that, which gave me a strong foundation in how to approach business and strategy, but ultimately my short tenure there also made it clear to me that building my own thing was the way I needed to take my career. IR : What are your long-term goals for the brand? GG: Our mission is to make retail fair.
Discount departmentstore Best & Less has made its debut in the lucrative beauty category, unveiling a pink pop-up store from MCoBeauty this week. . Now also available online at Best & Less, MCoBeauty is the first beauty brand stocked at the value chain, in 120 of its stores across the country.
Founded by brothers Omar and Zane Sabré, the company recently collaborated with Disney , and is about to launch another collaboration with Barneys, an upscale departmentstore in New York. Following a trip to Japan in 2018, Sabré observed the popularity of leather goods, and its prevalence in men’s and women’s departmentstores.
The retailer’s pop-up space, The Corner Shop, will see a wedding takeover in August, with a curated range of vintage and pre-loved womenswear, menswear and accessories that can be purchased or rented for the big day as part of the company’s Resellfridges and Selfridges’ Project Earth initiatives. billion in annual economic output.
Departmentstore Neiman Marcus (Dallas) has acquired machine learning technology company Stylyze Inc. Stylyze is a woman-founded and -led startup that combines product attribution data and curated content to enhance shopping experiences across the customer journey.
The management team ensures tenant compatibility with each mall’s identity through rigorous curation, blending both global and local brands to cater to their clientele’s varied needs. The story so far Brien added that this year, Suria KLCC added 20 new tenants, maintaining a 96 per cent occupancy rate.
Target sits behind the pair with just 124 stores. Pricing, branding and product Right now, B&L has high-low pricing – a pricing strategy that relies on sale promotions – versus Kmart’s everyday low prices. Better at acquiring and curating ranges and better at sourcing and managing the supply chain.
That first retailer was the upmarket Auckland departmentstore, Smith & Caughey’s. We are now much more focused and we have a clear strategy.”. Our online store and digital is something we can do in-house and the margin, of course, is better. “So We learnt that in the early days. But never say never.”. “I
It was like going to see a Picasso exhibition, yet no one tells you that the painter is Picasso and only the gallery or curator name is provided. Eventually, we decided to launch Maison Francis Kurkdjian in 2009, with a free-standing store in Paris and several counters internationally. IR: What is MFK’s physical storestrategy?
Aside from the French online platform, Gucci and previously-owned Stella McCartney had also worked with TheRealReal on special product edits and store credit scheme to entice resale customers. While having no immediate plans to enter the resale market, Prada is ‘seriously’ considering the jump.
Hence, brands like Nike are ramping up their direct-to-consumer strategies and dispensing, to a large extent, with wholesale. UK departmentstore Selfridges creates radical entertainment value through an intense focus on experience. It has all driven us to a rather dramatic moment in retail history.
Hence, brands like Nike are ramping up their direct-to-consumer strategies and dispensing, to a large extent, with wholesale. UK departmentstore Selfridges creates radical entertainment value through an intense focus on experience. It has all driven us to a rather dramatic moment in retail history.
Messi was closely involved in the process from beginning to end, curating the scent based on what he looks for and loves in a fragrance, before evolving into the commercial side of things. Through the company’s US distribution partner Sheralven, it has launched products into the midmarket departmentstore chain JCPenney.
He also wove the store into the community, even making the Selfridges basement an air raid shelter during the war. When you consider great retail entrepreneurs such as Selfridge, who developed the departmentstore and re-wrote shopping history, today’s shopping experience feels like a watered-down version that is purely transactional.
concept store enter a dream-world where their favourite movie scenes come to life, which is why this instalment has been welcomed with so much success. Story initially started as a unique retail store who operated on the idea of renewing its stock according to different themes every few months. Visitors to the Avengers S.T.A.T.I.O.N.
In February, Macys then-newly appointed CEO, Tony Spring, said the strategy, aptly named A Bold New Chapter, served as a strong call to action. In February 2020, the previous CEO and chairman Jeff Gennette announced the launch of a three-year turnaround strategy dubbed Polaris. billion and stores numbering 868 globally.
Mass brands are leveraging diverse strategies to deliver premium experiences. Significant investments in strategies are made by mass-market brands to support their premiumisation efforts, adopting approaches that elevate both product and brand perception. The post Mass brand premiumisation; a promising brand strategy?
The most successful retail brands are not merely in the business of selling goods and services, they curate experiences, sell feelings, shape perceptions, and integrate themselves into the personal narratives of their customers. Consumers do not just buy products; they buy with emotion and the stories that surround those emotions.
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