This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
According to a report by Fung Business Intelligence (FBI) and China Commerce Association for General Merchandise (CCAGM), the consumer goods market in China is expected to grow in 2024 with the proactive policies of the government and the recovery of consumer confidence. per cent and 6 per cent respectively. Two thirds (66.3 Approximately 65.4
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
Isetan-Mitsukoshi is a storied departmentstore chain with 15 units in Japan, including five in the Tokyo metropolitan area. One of them, the Isetan flagship in Shinjuku, boasts the highest sales of any departmentstore in Japan. Sales at Isetan-Mitsukoshi’s Tokyo metro stores are up 33.3 billion yen, or about $2.5
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? Opening any store requires an exact timeline. Each setback has a domino effect. With each delay, new challenges arose.
From exclusive capsule collections with designer brands like Gucci, Bottega Veneta, Loewe, and Brunello Cucinelli, to one-of-a-kind premium experiences, such as a 24-hour event in Shanghai produced alongside the Paris-based label Courrèges, Mytheresa offers a shopping experience that only a select few can indulge in, let alone afford.
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 departmentstore chain truly adapt to the needs of the modern-day consumer?
The retailer used RetailNext’s software-as-a-service (SaaS) platform to measure consumers’ shopping journeys through the store anonymously, gathering data such as sales figures, traffic figures, customers’ gender and more. Can Showfields make a comeback?
This is creating new challenges for retail operations, including a particular demand for agile merchandise planning and supply-chain processes. These activities require frequent decisions on product assortment, store, and floor-space allocations. Australians are shopping online more than ever.
Since the retailer’s establishment in 1858, Macy’s has become one of the most well-known departmentstores in the US, if not the world. Like many retailers, both in the US and internationally, Macy’s has been impacted by the decline in consumer interest in shopping in traditional departmentstores amidst the rise of online shopping.
Aptos develops and delivers unified commerce solutions for specialty softlines, hardlines and departmentstore chains in North America, Europe, Asia and ANZ. Specifically, we develop point of sale, merchandising, order management, CRM, sales audit and analytics solutions.
While the vast majority of the French-headquartered company’s sales are still wholesaled through departmentstores 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.
Selling great products is one way to boost your retail business’s bottom line, but even the best inventory will languish on your shelves without the right merchandising strategy in place. The best way to get shoppers inside your store is to lure them in with your window displays. Start With the Windows. Rotate Displays Regularly.
Macy’s (New York) has announced plans to open 45 Backstage shop-in-shops in select Macy’s locations in 10 different states this year, according to Retail Dive. Its final target is 270 Backstage shop-in-shops nationwide. Macy’s CEO Jeff Gennette also reportedly said during J.P.
Phnom Penh’s reputation as an up-and-coming retail hub took another stride forward on Thursday, 15 December, when Japanese retail and shopping centre giant Aeon staged a soft opening for its third mall in the Cambodian capital , in the southern district of Meanchey. The mall, on a 1.74 The edutainment mall.
Thai retail conglomerate Central Retail opened the doors to its second eat-shop-play lifestyle centre on the Thai island of Phuket on 6 October. The company’s latest business update for the Stock Exchange of Thailand states that The Chalong mall has 17,000sqm of net leasable area, and is anchored by an 8,000sqm Robinson departmentstore.
While the everyday consumer has become pri c e-sensitive with the growing costs of living in the US, the 1 per cent is still spending – to a point where the luxury shopping market has become more competitive than ever. The retail expert noted that “for discretionary luxury shopping in physical retail, this is paramount”.
Using these elements to bring attention to your brand is called visual merchandising. Effective visual merchandising can have a significant impact on your bottom line. This guide will explain visual merchandising and how to use it to promote your products. Visual Merchandising Explained. Who Uses Visual Merchandising?
Retail shopping centres face a major challenge rebuilding customer traffic and sales after the Covid-19 pandemic is controlled. With occupancy rates under pressure, shopping-centre landlords have already reviewed property valuations to account for tighter rent market conditions and financial concessions required to retain key retail brands.
The Westons are said to be seeking £4 billion for their European departmentstore assets, including Selfridges’ four stores in the UK, Brown Thomas and Arnotts in Ireland, and De Bijenkorf in the Netherlands. Central Group is one of the ‘big three’ Thai retailers and shopping centre developers/operators.
Earlier this month, several members of the Nordstrom family, including the company’s CEO Erik Nordstrom and president Pete Nordstrom, offered to acquire the legacy departmentstore chain for US$3.8 The departmentstore division has various structural challenges, while the off-price Rack division is starting to produce some good growth.
The evidence is showing up most clearly in the reports coming out of the big departmentstore chains, where the strength is increasingly concentrated in a few flagship stores rather than being distributed across their entire store fleets. The company’s 14 luxury departmentstores in Japan reported out 4.5
Creating a Memorable Shopping Experience In an era dominated by online shopping, the physical retail space must offer an experience that transcends the transactional. Christmas windows, acting as the gateway to the store, set the stage for a memorable shopping journey. Christmas Windows Around the World!
Departmentstore Macy’s (New York) has entered a partnership with WHP Global to offer Toys “R” Us products to shoppers, reports Forbes. Macy’s will roll out Toys “R” Us stores inside more than 400 of its departmentstores next year. WHP has a controlling interest in Toys “R” Us parent company Tru Kids Inc.
The first store will open later this year at The Americana at Brand, a shopping centre in Los Angeles, and reportedly be around 30,000 square feet – much smaller than a typical departmentstore, which is around 100,000 square feet. Amazon Style claims to be a “new way” to shop and discover fashion.
The retail and tech punditry were abuzz following a recent report from The Wall Street Journal (subscription required) spelling out what Amazon (Seattle) has planned for its departmentstores, the e-commerce giant’s latest foray into brick and mortar. The stores could open next year and are likely to debut in Ohio and California.
One of the key trends that defined retail in 2023 was pop-up shops and how these experiential shopping experiences have taken hold over millennial and Gen Z consumers. Just this week, American departmentstore chain Nordstrom announced a unique collaboration with the British fashion brand Paul Smith.
There’s the Levi’s Tailor Shop, where customers can have their denim mended or customised, Zara’s flagship store inspired by renowned architect Frank Gehry and the Le Club Lacoste store concept, featuring bespoke fixtures, the UK’s first Lacoste pod fitting rooms, and an area dedicated to the brand’s classic polo shirts.
As we celebrate the emergence of more glamorous urban shopping centres with their cast of global retailers, spare a thought for the thousands of small cities across developing Asia where there isn’t quite enough spending power to support a full-sized regional shopping centre, store directory glowing with marquee names.
As the physical retail climate has tightened across Europe (due in large measure to Covid, it makes online shopping seem a whole lot more attractive), moves appear to be afoot to counter reduced footfall. appeared first on Visual Merchandising and Store Design. The post The Power of Two … or Perhaps Three or Four?
If one can imagine a Noah’s Ark for retail concepts, survival depends crucially on demonstrating that you really are a distinct and superior species, that consumers should come here to shop and not there. As incomes grow, consumers are gravitating to these one-stop-shop malls. million, up 1.4 per cent from US$486.3
In fact, 55% of first impressions are based on what we see , which means it’s crucial for retailers to add eye-catching displays and visuals that attract customers and command attention — especially to new products or brands that might otherwise get lost in the vast assortment of merchandise.
along with controlling stakeholders WHP Global (New York), is planning to open more than 400 shop-in-shops throughout Macy’s (New York) departmentstores nationwide by 2022, according to a press release. Until the shop-in-shops open, Toys “R” Us will have an experience for shoppers though macys.com/toysrus.
Upmarket departmentstore Nordstrom has introduced a two-storey ‘Home’ space at its Manhattan flagship location as part of the launch of the Nordstrom Home collection nationwide. Maserati takes shopping mall car shopping a step further. Luxury nesting with Nordstrom.
Australian departmentstore chain Myer reported its strongest second-half profit in nearly 10 years on Thursday, bringing its total profit for the year to $60.2 We are now one of the largest online general merchandise retailers in the country.”. It’s also outpacing competitors on a category level. “The
“We are pleased to enhance our presence at South Plains Mall, further solidifying the center as one of West Texas’ premier shopping destinations,” Dillard’s CEO William T. ” (Dillard’s opened its South Plains Mall store in July 1972.).
Regular VMSD readers know that we recently launched our exclusive Brain Squad , which is made up of visual merchandising and store designers across the country (and beyond) who offer up industry insight that only they can provide. Departmentstores showing lux, over-the-top glitter and lit windows. It was magical!
Graphics, and signs in particular, have long been associated with shops. While these have moved on from the traditional signs that once adorned the front of shops, the purpose very much remains the same – getting people inside to browse and purchase products. Communicating this information to customers is crucial.”
13, British departmentstore Fortnum & Mason kicked off the festive season with the opening of its Christmas Shop. If you are the kind of person who simply loves Christmas, then this is the destination store for you! Fortnum’s legacy began in 1705 with Hugh Mason, derived from a small store in St.
Even departmentstores like Takashimaya, Isetan and Aeon have had a fair measure of success in non-Japan Asia, notwithstanding their recent problems due partly to the pandemic. It isn’t going to work on every street corner, but it’s something that goes well in higher-end shopping malls and streets in urban locations.
The theatrical nature of pop-up stores often incorporates elements of surprise, delight, and discovery, turning the act of shopping or brand interaction into an event worth remembering and sharing. Virtual stores represent the cutting edge of pop-up retail, recreating the physical shopping journey in the digital sphere.
The good news here is that new shoppers seem to be sticking with Walmart – at least for the time being – but the less good news is that their activity is mostly confined to staples and necessities, and few are crossing the aisle to shop general merchandise.
“This growth has been driven by the strength of our multi-channel offering, as customers have returned to stores after [the pandemic], and bolstered by our leading brand and loyalty proposition through Myer One,” King told analysts and investors on Thursday. This way, the majority of people can find something to buy.
Customers are returning to our High Streets and the shopping malls for that interaction between the sales teams in the stores, and the need to “touch and feel” the merchandise, which is something that cannot be achieved when shopping online. There is the need to get customers excited about your store.
On the surface of it, this is a concern for mall operators, but on the other hand it does represent an opportunity for upside with adjustments to the tenant mix, and to the merchandising and pricing strategies of the retail tenants themselves. million, up 14.4 per cent from a year ago. per cent jump in February.
We organize all of the trending information in your field so you don't have to. Join 29,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content