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From mini stores to the metaverse, will Macy’s new moves pay off?

Inside Retail

Macy’s has been stepping up to the plate with a series of new moves, from the expansion of its smaller-footprint stores, to a new digital fashion platform targeting younger shoppers. But while these initiatives sound promising, the question remains: can the department store chain truly adapt to the needs of the modern-day consumer?

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The lowdown on Central Group – reported new owner of Selfridges

Inside Retail

And while Central Group’s publicly listed subsidiary, Central Retail, has denied any involvement in the transaction, multiple reports suggest that another division of the conglomerate is involved in the talks. Central’s superregional malls and department stores are ubiquitous in Thailand.

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Secrets of selling to the 1 per cent

Inside Retail

The US luxury retail market was worth US$134.6 billion last year, retail analyst and GlobalData managing director Neil Saunders told Inside Retail. It is on track to drive US$300 million in annual gross merchandise value by 2027.

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Retail appointments for the week

Inside Retail

International Group of Department Stores appoints new president. The International Group of Department Stores (IGDS) has appointed André Maeder as the new IGDS President for 2021-2023. The post Retail appointments for the week appeared first on Inside Retail.

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How Saks Fifth Avenue is tapping into the power of personal shopping

Inside Retail

In the same release, the high-end department store announced plans to end the year with 20 new standalone shops across Texas, Florida, and California. The company most recently reported that it is on track to drive US$300 million in annual gross merchandise value by 2027.

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The Four Ps of Retail Business: Mastering the Basics of Retail for Your Business

RetailMinded

For small retail outlets, this might mean offering goods that aren’t available in big department stores, giving you an edge in the market. Leveraging retail recruiters to go find professionals in your organization to find reliable suppliers can be a competitive edge.

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Open to Buy: The Retail Business Art

Retailing Insight

The process is actively in use at every major chain store, department store and larger specialty store chain. Yet the concepts are completely applicable to independent retailers. In fact, many specialty stores and boutiques use this to ensure cash flow and profitability for their stores.

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