Retail Focus

SEPTEMBER 15, 2021

The huge increase in online shopping over the past decade or so has had a major impact on department stores, 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.

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Inside Retail

JANUARY 23, 2025

Indian retail conglomerate Reliance Industries Limited has signed a franchise agreement with American luxury department store Saks Fifth Avenue to expand its luxury retail portfolio through its subsidiary Reliance Retail, the company said in its third-quarter financial report last week.

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Retail Focus

FEBRUARY 27, 2025

Iconic denim lifestyle brand Levi’s has unveiled a unique storefront takeover – the largest of its kind in Europe – with premium London department store celebrating the campaign launch of REIIMAGINE Chapter II, featuring global icon, Beyonc.

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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

DECEMBER 16, 2024

Typically, consumers seek out department stores and shopping centres to get in the holiday spirit but LaManna has managed to position itself as the exception. LaManna, the 10,000sqm independent supermarket located at Essendon Fields, is rising to the Christmas occasion.

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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

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. A lot of retailers overlook how important this is.”

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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

JUNE 24, 2024

Central’s acquisition move is not unusual,” Selvane Mohandas du Ménil, International Association of Department Stores managing director, told Inside Retail. Central Group made the headlines again in 2022 after snapping up Selfridges Group, making it the largest luxury department store operator in Europe.

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Inside Retail

DECEMBER 15, 2022

Sydney Airport and Heinemann will jointly introduce Australia’s first domestic terminal “department store” concept next July at T2 and T3. Heinemann will manage the stores on a five-year concession, expanding its footprint from its present duty-free concession at the T1 International Terminal, which runs through 2029.

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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

AUGUST 7, 2023

David Jones is expected to axe as many as 100 jobs as its department store operations are being reviewed under the new owner. The company is in the process of improving store efficiency and eliminating tasks such as preparing sales reports for stores and office tasks, which can increasingly be done with the use of technology.

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Inside Retail

OCTOBER 10, 2021

Fitness brand Peloton is launching its first Australian showroom later this week, and will partner with department store David Jones to boost its bricks-and-mortar presence. Peloton’s first showroom will open on Wednesday in Westfield Bondi Junction, and will soon be followed by a standalone showroom on Sydney’s Martin Place.

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Inside Retail

NOVEMBER 27, 2024

“This year it feels like Australian retailers have opted for a longer sales period starting their Black Friday promotions weeks before the day,” Locke Fitzpatrick, digital marketing manager at LSKD, told Inside Retail. “We We have seen the trend for a few years now and have definitely joined the party in previous years.”

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Inside Retail

JUNE 25, 2024

The acquisition of Just Jeans, Portmans, Jacqui E, Dotti and Jay Jays by Myer provides a new growth channel after several years of reducing department store floor space and trying to find a fashion edge. The Premier brands could also provide the department stores with expanded merchandise range options.

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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

JULY 7, 2021

“The board is focused on ensuring that [Myer CEO] John King and his management team are able to execute the all-important peak trading period without distraction.”. The Premier management team have demonstrated what quality of management they have relative to a lot of other retailers,” an anonymous fund manager told the AFR. “The

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Inside Retail

NOVEMBER 9, 2023

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 department store preparing stock ahead of time to mitigate any logistical delays related to potential industrial action. per cent increase in total sales to $3.36

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Inside Retail

SEPTEMBER 19, 2024

Myer saw a decline in net profit in the last fiscal year due to the underperformance of Sass&Bide, Marcs, and David Lawrence, inflationary pressures, and store closures. The department store chain’s net profit fell 26 per cent to $52.6 million as sales dipped 2.9 per cent to $3.27 million, which accounted for 21.6

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Inside Retail

APRIL 22, 2024

Department store Myer has reportedly fired more than 50 head office staff across its digital, IT, and e-commerce teams as it offshores their functions to India. Inside Retail has approached Myer for comment. Despite Barnard initiating the decision, the source said that the GM did not take part in the difficult conversations.

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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

OCTOBER 29, 2024

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. Today, a physical presence is a brand’s most manageable, tangible, and measurable marketing tool,” Gray reaffirmed.

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Inside Retail

APRIL 22, 2024

Department store Myer has laid off head office staff across its e-commerce and operations teams as it offshores functions to India. The source added that Myer did not give the employees – or even managers – any warning and that senior leaders just asked the laid off staff to come into a specified room one by one to receive the news.

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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? I’m very cautious about [it], Walker said.

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Inside Retail

NOVEMBER 4, 2024

Tough times “We’ve poured everything into it, given it every opportunity and it got to the point where it just couldn’t work,” Ross Poulakis, Harrolds Group’s managing director, told Inside Retail. The luxury retailers that are thriving have managed to find that sweet spot between their digital and physical offerings,” Gray said.

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Inside Retail

OCTOBER 4, 2022

Results in the past two years were bolstered by Covid management strategies, including landlord rent concessions and government JobKeeper payments. Good management no doubt but also quite likely a strategic move to position Premier Retail for further acquisition opportunities. per cent to $1.5 billion and net earnings up 4.9

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Inside Retail

AUGUST 11, 2021

The fight for board control of department store Myer will be decided in the next few months, with the firm’s AGM likely to run in late October, but Solomon Lew’s major stake in the business could well be diluted by the time to vote. Department store sales up this year.

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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. So what types of stores and services do they want? Overwhelmingly, participants considered the pharmacy the most important store or service for an ideal main street.

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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

JULY 22, 2021

Department store Myer has signed a ten-year lease on a new 40,000 sqm warehouse which will serve as the 120-year-old business’ new national distribution centre.

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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

JANUARY 24, 2022

A “particularly strong” run-up to Christmas saw department-store chain Myer achieve solid sales growth in the five months to January 1, despite the company losing 27 per cent of its brick-and-mortar store trading days due to Covid-related trading restrictions. . per cent year on year, and a 17.1-per-cent

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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. Our focus remains on seeking to drive further and sustainable cost efficiencies and inventory management,” he added. The report revealed that online sales were $390.1

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Inside Retail

AUGUST 3, 2023

David Jones has joined the growing ranks of major retailers to establish their own retail media sales and management business. The department store chain has launched a standalone business called David Jones Amplify which will give brands access to more than 475 in-store media, 102 digital formats and 70 print and digital editorial formats.

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Inside Retail

JUNE 2, 2021

Bunnings is looking to improve the customer experience for its trade customers with an expanded range of specialty products, tailored customer service desks in stores, dedicated self-checkout, load-and-go spaces and a fully transactional e-commerce site. Kmart, Target and Catch working smarter, not harder.

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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

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Inside Retail

JANUARY 21, 2024

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, department stores, multi-brand leather goods stores, travel retail and e-commerce websites.

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