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 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

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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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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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

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. But if the business had a more robust digital presence, it may have been able to offset the decline in foot traffic to its CBD stores.

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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 18, 2022

A spokesperson for Anchorage called the deal a “landmark transaction”, and said the firm was thrilled to take on the 183-year-old department store. David Jones currently has 43 stores and two distribution centres across Australia and New Zealand, as well as a growing e-commerce business.

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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

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

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

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

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

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

OCTOBER 20, 2024

billion last year, retail analyst and GlobalData managing director Neil Saunders told Inside Retail. It’s all about experience Selvane Mohandas du Ménil, the managing director of the International Association of Department Stores, said there are three main types of retailers that cater to the 1 per cent.

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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

OCTOBER 24, 2024

Australian activewear brand Do You Even marked the start of its Big W retail partnership and its first range being stocked in the discount department store with a consumer launch event. This partnership is just one step in our larger strategy to grow the Doyoueven community,” Ozturk said.

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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

SEPTEMBER 12, 2023

According to Bastion Insights, a strategy consultancy specialising in cross-cultural insights, luxury Australian retailers have – by and large – struggled to effectively engage with local consumers of South Asian or Mainland Chinese descent.

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Inside Retail

FEBRUARY 17, 2025

Japanese retailer Uniqlo is investing heavily in radio-frequency identification (RFID) technology to accelerate supply chain efficiencies, with an ambition to embed RFID into its global product range, facilitating improved inventory management and the customer self-checkout experience.

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Inside Retail

MAY 20, 2021

Former Topman managing director joins BooHoo. BooHoo Group has appointed Mitch Hughes as the new managing director of its newly acquired Arcadia Group brands Dorothy Perkins, Wallis, and Burton. Kathmandu acquired RipCurl for $350 million in October 2019. He joined BooHoo last month.

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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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Inside Retail

JULY 25, 2023

After 17 years of running its discount department stores separately, retail conglomerate Wesfarmers announced earlier this week that it would be consolidating the back end operation of Kmart Australia and Target Australia. The impacts of Covid-19 are just the icing on the cake.” We’ve done a lot of listening to customers.

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Inside Retail

APRIL 12, 2023

In November last year, Aditya Birla Fashion and Retail Limited (ABFRL) entered into a strategic partnership with French department store chain Galeries Lafayette to open luxury department stores and a dedicated e-commerce platform in India. Both strategies could work, in his opinion. “A

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Inside Retail

JULY 18, 2024

Supreme was never a good fit for VF,” said Neil Saunders, managing director of GlobalData. However, it is possible to do it – A Bathing Ape has regained momentum and Stussy is on fire despite the founders having long departed. EssilorLuxottica cannot be greedy, this process has to be a long-term strategy,” he added.

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Inside Retail

NOVEMBER 16, 2022

Akeroyd, who took over in April, will present his strategy alongside first-half results that will show the lingering impact of lockdown restrictions in China, Burberry’s biggest market. He raised prices, limited distribution to its own shops and high-end department stores and cut discounting.

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Inside Retail

JUNE 12, 2024

While the vast majority of the French-headquartered company’s sales are still wholesaled through department stores and travel retailers, Moet Hennessy is starting to open more of its own stores in airports, stores-in-stores and standalone boutiques, typically located in the luxury precincts of major international cities.

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Inside Retail

JUNE 12, 2024

Lovisa’s announcement earlier this month that John Cheston will leave Smiggle to become its new CEO and managing director next June marks the latest departure of a senior leader from Premier Investments. US-based Herrero succeeded Shane Fallscheer, a co-founder and former managing director of Lovisa. million business to a $319.8

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Inside Retail

JANUARY 4, 2024

So as more and more retailers integrate the benefits of AI into their growth strategy, what will be next for this transformative technology? In supermarkets, AI can be utilised for fresh produce management, with a centralised model to enhance inventory optimisation and replenishment. And how will it shape the way we shop?

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Inside Retail

JANUARY 12, 2023

Today, she is New Aim’s co-founder and chief strategy officer. IR: How did you make the leap from category buyer/manager to chief strategy officer? By the end of 2009, we successfully convinced the most popular online department stores of the time to use our dropship service, including Catch of the Day and DealsDirect.

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Inside Retail

MAY 19, 2024

Born in France, his first job after university was as a product manager for L’Oréal in Tokyo, where he became fluent in Japanese. It sells both direct-to-consumer through a mix of online and stand-alone stores and via retail partners, including department stores and pharmacies.

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Retail Focus

OCTOBER 10, 2022

Orion Capital Managers has announced a number of significant lettings at its Telford Centre so helping footfall recover to near 2019 levels at the 1 million sq ft destination. Following an active asset management strategy led by Sovereign Centros, new occupiers have now been found for all three stores.

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Inside Retail

AUGUST 31, 2023

There is also a view that the breakup strategy could fund further acquisitions, including the Myer department store chain in which he has already built a substantial shareholding. Most punters think the move is about unlocking value in the businesses while pursuing growth via more focused entities.

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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

MARCH 26, 2023

Anchorage Capital Partners has formally settled on its acquisition of department store business David Jones and promised to pursue ongoing growth and innovation with the chain. With the support and financial commitment of Anchorage, we’ve secured the right investment to lead Australia’s retail industry into the future.”

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