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The wider redevelopment will see the arrival of standalone stores, a restaurant, a lifestyle concept store, and high-quality office space. When we assumed management of the Promenaden portfolio, Eger was a struggling fashion-led departmentstore. Urmaker Bjerke will be Eger quarter’s largest occupier.
Following the opening of a bold and distinctly industrial space inside the world-renowned Hyundai COEX, the brand unveils yet another site in the Korean capital, this time located in the famed Lotte DepartmentStore, Jamsil.
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?
Kmart is updating its toy line-up to include a new doll – a Guide Dog Handler doll, designed with advice from Guide Dogs Australia. The post Kmart expands doll line up to include Guide Dog Handlers appeared first on Inside Retail.
Japan’s storied departmentstores are riding a wave of overseas tourists, and although there is no sign yet of a wipeout, the cautious pronouncements of company executives indicate that it’s a wave they can’t ride on indefinitely. On the surface of it, departmentstores still have their mojo: sales in October rose by 5.3
Shinsegae — one of the Big 3 of Korean departmentstore 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.
Departmentstores 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.
Central’s acquisition move is not unusual,” Selvane Mohandas du Ménil, International Association of DepartmentStores managing director, told Inside Retail. Central Group made the headlines again in 2022 after snapping up Selfridges Group, making it the largest luxury departmentstore operator in Europe. What’s next?
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.
At Myer’s annual general meeting this week, outgoing CEO John King predicted that trading activity on Black Friday would likely surpass Christmas, with the departmentstore preparing stock ahead of time to mitigate any logistical delays related to potential industrial action. per cent increase in total sales to $3.36
Departmentstore Kmart Australia is set to close its Port Adelaide store in the coming months, resulting in 100 job losses. A Kmart spokesperson told Inside Retail that affected employees would be redirected to opportunities within the “wider Wesfarmers business” when the store closes.
Originally scheduled for an October 2020 opening, the seventh location for this family-run departmentstore was caught in the middle of the global predicament – to build or not to build, to cancel or push on? In January of 2021, we thought we were on our final four-month march to the new finish line of May 31.
Japan’s departmentstores bear a striking resemblance to cruise ships: they’re big, luxurious, move glacially and serve an ageing customer. Japan’s Ministry of Economy, Trade and Industry (METI) reports that departmentstores led the retail sales recovery through the first five months of the year. per cent gain.
From a practical standpoint, even from a marketing standpoint, I can’t see a logic behind the rationale for a departmentstore with, essentially, 50 stores or 60 stores across Australia to buy another 600 or 700 smaller stores, Gary Mortimer, a Professor of Retail Marketing and Consumer Behaviour at the QUT Business School, told Inside Retail.
Korean departmentstores diversify into food delivery services. South Korea departmentstores are introducing near-distance delivery services to get food and beverage from food courts and restaurants into the hands of consumers. Google to open first physical store in New York. E-mart to quit Vietnam.
Global high-performance wellness brand, Hyperice , opens its first pop-up shop at luxury departmentstore, Harrods. Today, the company is a holistic high-performance wellness brand with numerous product lines and categories. Jim Huether, CEO of Hyperice says: “Harrods’ is the world’s most iconic departmentstore.
per cent, departmentstores 15.9 Retail turnover continues to be negatively impacted by lockdown restrictions, with each of the eastern mainland states experiencing falls in line with their respective level of restrictions,” said ABS director of quarterly economy wide surveys Ben James. “In per cent, household goods 5.9
Some small outlets stocked paperback romances, as well as departmentstores like Big W in Australia and Walmart in the United States. Romance readers lined up for the opening of dedicated romance bookstore Romancing the Novel in Sydneys Paddington last year. Major bookstores now have dedicated romance shelving spaces.
Myer currently operates 56 departmentstores across Australia, as well as its online business and in-house brands including Sass and Bide, Marcs and David Lawrence. per cent increase is a case of under-promising and over-delivering, the departmentstore CEO is taking the win as a sign of more growth to come. “We
The brand has grown to have a presence in 80 countries through a distribution network encompassing 1200 points of sale across stand-alone stores, franchises, departmentstores, multi-brand leather goods stores, travel retail and e-commerce websites.
Only general retail, discount departmentstore and leisure spending maintained their growth rate through the Christmas and Boxing Day weeks. Other categories, including apparel, departmentstores, and household goods, saw falling spending growth.
In line with our new Reconciliation Action Plan, these activities also bring to life our goal of creating spaces for connection.”. The store has a weighted average lease expiry of 10.5 The departmentstore saw sales fall 13.1 years and is 100 per cent leased to Myer. per cent year on year at $1.4 per cent.
Running from 6 th January – 13 th February, Kusama’s mesmerising, multicoloured, and immersive, vision will inhabit the iconic departmentstore. To celebrate the launch in a standout way, Louis Vuitton has projected a colourful, moving Yayoi Kusama polka dot design onto the façade of Harrods; the first brand ever to do this.
We think the bottom line is that Australian shoppers are remarkably adaptable and channel-agnostic. Hyundai DepartmentStore (Korea) Hyundai incorporates new digital technologies such as AI to enhance operational efficiency and customer convenience, including the industrys first AI copywriting system called Lewis.
recalled an incident where they wanted to try on some shapewear at a departmentstore, but they were told by the sales assistant they couldn’t enter the fitting rooms. “It And that one incident means that I’m never gonna go into that store again.”. It was this 10 minute ordeal of me feeling like s**t, to be quite frank.
The beauty refill model In 2018, in line with its launch of lip oils, Fluff introduced its refillable compacts as a way to reduce product waste and lower costs for consumers. But the question of partnering with big beauty retailers and expanding into departmentstores remains open-ended.
When business was booming, Revlon’s strategy was to expand sales through mass market departmentstores, as well as buying expensive advertising. Like other legacy brands, they invested in magazine editorials which drove shoppers into stores, where sales would be converted through personal selling and glossy displays.
hectare site about eight kilometres from downtown Phnom Penh, is officially called Aeon Meanchey but is likely to be referred to on the street as Aeon 3, falling in line with the simplified local appellations of its predecessors, Aeon 1 in the city centre, and Aeon 2 in the northern district of Sen Sok. The mall, on a 1.74
A recent Myer trading update will have analysts and investors thinking long and carefully about the bold proposal by the departmentstore for a merger with Premier Investments. The review of the Myer departmentstore business and Myer Specialty Brands was initiated by John King, who retired as CEO in June.
The approach has helped to achieve some sales momentum but at a cost to the bottom line which is likely to be evident in the forthcoming financial reporting period for retailers listed on the Australian Securities Exchange. Clothing and footwear stores started the half well bettering 2023 sales with a 2.4 per cent and May 0.7
By category, departmentstores led the growth, up 4.1 Whilst the top-line performance of retail trade is strong, consumer confidence has fallen significantly this week and we could see more subdued levels of consumer spending in the months ahead as people start to tighten their household budgets,” Zahra said. per cent), NSW (1.8
However, last month Designworks, the wholesale arm of Brand Collective, a leading house of lifestyle brands in Australia, announced that it was relaunching Pavement in the marketplace through the discount departmentstore Big W. Inside Retail: Tell me about Pavement’s relaunch in collaboration with Big W.
Among the highlights was a successful relaunch of Central Chidlom (popularly known as Central DepartmentStore) in downtown Bangkok, with a new multi-level designer wing called Luxe Galerie. The detail: While top-line sales in the food segment rose by 12 per cent in the fourth quarter, same-store sales were down by 2 per cent.
Michael has led RipCurl with a relentless focus on brand, product, people, and the bottom line and we are confident he will bring the same focus and energy to the wider group,” said chairman David Kirk. Daly, who has been with RipCurl for almost 20 years and ran it for the last eight years, started his new role this week.
Having prices as the main driver of nominal retail sales – or top line revenue – is relatively unfamiliar for retail,” observes Rumbens. The report concludes that the post-Covid spending spree has been particularly centred around discretionary categories including departmentstores, apparel and catered food. Labour crunch.
Housed in the world’s most famous departmentstore, the space will provide an immersive customer experience, as retailers reopen their doors following months in lockdown. Designer Bevan Roper says, “ It was refreshing to work with brand where sustainability was at the centre of all design decisions rather than just a token gesture.
This launch also saw us introduce consumers to cult Iconic brand Aere Home, as an extension of Aere’s line of more sustainable styles for women and men.”. And it’s a move we have seen other fashion brands make over the years, like Country Road and H&M, not to mention the departmentstores,” Newell told Inside Retail. “As
OROTON has announced the launch of a new pop-up at London departmentstore, Selfridges. The space is an immersion of the Australian brand’s latest spring-summer collection, the optimist – a concise line-up charged with new energy and vibrance, incorporating painterly colours and a sense of free spirit. “I
Malone’s love for storytelling extends beyond the creation of Jo Love’s product line and into the consumer’s purchase experience. I then build the story, instead of using words I use scent notes and I imagine the colours of the story and these, as I have synaesthesia, translate into smells,” Malone detailed.
Here, Brennan details how she turned that opportunity into a retail career, working as the senior buyer for women’s designer fashion at UK departmentstore Harvey Nichols, women’s merchandising manager at The Just Group and head of buying at Glue Store. This is what I love most about my job.
The departmentstore huffed and puffed, but its status was clearly under threat. The floors that have been unveiled already make a sparkling addition to the departmentstore and transport it firmly into the 2020s, making its new company-coined moniker, “Store of Bangkok”, only just a teeny-weeny exaggeration.
The brand entered the South Korean market with the opening of its first store at the high-end Shinsegae DepartmentStore located in the bustling area of Gangnam. CDG by Comme des Garçons also opened its first standalone store in South Korea under a partnership with Samsung C&T Fashion earlier this year.
Being a hobbyist store, Good Games caters to the niche market of tabletop gaming: games such as Dungeons & Dragons and Pathfinder, as well as board games, such as Settlers of Catan and, ironically, Pandemic. . Instead, it provides an opportunity for Good Games to offer a more varied product line in its stores. .
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