Inside Retail

JUNE 25, 2024

A merger with Sigma Pharmaceuticals remains the preferred option for restructuring Chemist Warehouse but if that plan is quashed by regulators or Sigma shareholders there is a plan B. A straightforward initial public offering is a live option for Chemist Warehouse following extensive planning over six years.

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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

AUGUST 29, 2022

Department store Myer has announced it will close its Frankston store in Victoria. . The retailer says it wants to divert resources to its rapidly growing online business and develop stores near the Frankston location, such as Southland, Chadstone, and Fountain Gate.

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Inside Retail

OCTOBER 12, 2021

Australian department store David Jones has become the latest retailer to sell pre-owned clothing following the announcement of its partnership with Sydney-based luxury reseller Blue Spinach last week. It also offers second-hand items in its London flagship store through a partnership with online resale platform Vestiaire Collective.

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Inside Retail

JULY 19, 2022

Ksubi, the Australian denim streetwear brand, plans to open three standalone stores on two continents before the end of this year. Next year, the brand will mark its return home to its Australian roots, with stores planned for Sydney and Melbourne. .

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Inside Retail

SEPTEMBER 26, 2021

For the past few weeks, reports tha t Amazon is planning to open mini-department stores in the US have been making headlines and capturing industry attention, despite the lack of details and comment from the e-commerce giant. .

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Inside Retail

NOVEMBER 2, 2023

Despite the efforts that go into planning, maintaining and marketing local shopping areas, the people who use these places are often not consulted about what they actually want and need on their main street. So what types of stores and services do they want? The top ten stores and services in an ideal main street.

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Inside Retail

SEPTEMBER 16, 2021

Myer’s online sales have more than doubled since John King took over running the department store in 2018, and the CEO believes they can double again to reach $1 billion in the not-too-distant future. The post How Myer plans to reach $1 billion in online sales appeared first on Inside Retail. Myer reported $539.5 billion. “I

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Inside Retail

JANUARY 6, 2022

Authentic Brands owns over 30 brands including Forever 21, Van Heusen and Volcom, and holds a retail portfolio spanning the luxury, specialty, and department store spaces. The post Authentic Brands forfeits IPO plan after private deal appeared first on Inside Retail.

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Inside Retail

NOVEMBER 8, 2022

And it supplies to department stores, such as David Jones, Myer, Kmart and Big W. According to Norton, Designwoks plans to expand in four key areas. We have a Coles business and a volume department store business, and because they have FMCG offerings, it meant that they were open a lot of the lockdown,” she said. “We

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Inside Retail

FEBRUARY 15, 2022

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. Retailers are finding omnichannel fulfilment complex.

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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

MARCH 10, 2022

After a rollercoaster six months of lockdowns, Christmas and Omicron, department store Myer yesterday delivered a strong half year result with net profit up 55 per cent and its first dividend payment since FY17.

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Inside Retail

MARCH 14, 2024

Myer’s outgoing chief executive officer, John King, told shareholders in today’s half-year results conference call that its customer-first plan continues to deliver for the business despite the macroeconomic conditions.

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Inside Retail

APRIL 25, 2022

Luxury department store Harvey Nichols recently announced the opening of the first blue-chip non-fungible token (NFT) retail space at its Pacific Place Hong Kong store. The new retail space caters to first time buyers and NFT experts, with prices ranging from HK$5,000 ($850 AUD) to over HK$1,000,000 ($170,000 AUD).

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Inside Retail

JULY 5, 2021

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 department store saw sales fall 13.1 years and is 100 per cent leased to Myer. per cent year on year at $1.4 per cent.

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Department Stores Artistic Art Display 221

Inside Retail

APRIL 12, 2023

India is the world’s fifth-largest global destination in the retail space. Big brands The recent news surrounding Apple opening its first company-run retail store in India’s financial hub of Mumbai is an indication of how important the market is in this niche space. billion Direct-to-Consumer (D2C) shipments by 2030.

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Department Stores Strategy Consumer Marketing 261

Inside Retail

NOVEMBER 10, 2024

After closing its first direct-to-consumer (DTC) store in Australia in the Sydney suburb of Woollahra, the brand initially planned to open a boutique in Bondi Beach. In 2020, the brand opened its Auckland store in a new precinct on the ground floor of the PwC building.

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Inside Retail

JULY 5, 2021

Retail environments were already evolving to become more engaging spaces when Covid-19 hit, but the pandemic has underlined just how important the social experience is to us. But for retail stores and shopping centres re-imagining the spaces they provide, just as important is the need to get construction projects right the first time.

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Department Stores Engagement Management Space 257

VMS

MAY 12, 2021

The proposed plan also includes a private investment by Macy’s – roughly $235 million – to update the public spaces surrounding its flagship, like the pedestrian-friendly areas at Broadway Plaza and Herald Square, as well as subway access and transit connections. million-square-foot Herald Square store since 1902.

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Inside Retail

AUGUST 3, 2022

The discount department store has just launched its first range of DIY products, including wallpaper, flooring, curtains, blinds, furniture paint and adhesive tiles, with the aim of making it easier than ever for customers to hack its products. Now, the retailer is getting in on the action.

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Department Stores Consumer Marketing Space 246

Inside Retail

JANUARY 24, 2022

Since launching locally in 2009, American grocery membership chain Costco has grown from a single store in Melbourne to 13 sites across Australia and is now present in almost all capital cities. Shipping goods directly from each store could broaden the reach of what the business can realistically offer online.

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Inside Retail

SEPTEMBER 17, 2024

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 department store chain for US$3.8 The department store division has various structural challenges, while the off-price Rack division is starting to produce some good growth.

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Inside Retail

SEPTEMBER 13, 2021

The closure or conversion of 144 Target stores in FY21 has left the retailer with a network of around 140 stores today, a much smaller business that is simpler and less costly to run with a stronger focus on digital sales. For Pearson, the closure and conversion of Target stores and digital growth go hand in hand.

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Department Stores Apparel Social Media Marketing 240

Inside Retail

JUNE 22, 2021

The Australian Bureau of Statistics has revealed that one in six consumers over the age of 65 plan to shop online more as a result of Covid. It has also created a dedicated space in its warehouse for online orders, which is helping speed up delivery. .

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Inside Retail

SEPTEMBER 27, 2021

We envisioned a label in which shoppers could ‘see’ what they were buying properly, rather than touring packets of folded linen in department stores. We’ve also renovated and styled up our 3000-square-metre Brunswick dual office and warehouse space in all its gargantuan glory. What is Sheet Society doing in that space?

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Inside Retail

SEPTEMBER 20, 2024

Myer’s executive chair Olivia Wirth gave her first full-year earnings report to investors on Friday since officially stepping into the top job at the department store chain on June 4. Here, she explains her plans to ramp up the retailer’s online presence and customer experience in greater detail. million members and 4.4

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Retail Focus

APRIL 11, 2023

EL&N Café, famously dubbed as “the most instagrammable café in the world”, has secured almost 8,000 sq ft of space on the bustling New Street, adjacent to Zara, and will offer an expansive 20m double-height frontage.

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Inside Retail

JUNE 12, 2024

Laurent Boidevezi, the Apac president of luxury liquor group Moet Hennessy kicked off the day by outlining the company’s plans to expand on building its maison’s direct retail spaces as it looks to boost engagement with new generations of end customers.

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Inside Retail

FEBRUARY 14, 2023

The Third Space Skrabacz explained that Belgian chocolatier Godiva’s is focusing on making its bricks-and-mortar stores a place for shoppers to meet up – either while socialising, or as a pit stop between other stores on a wider shopping journey. “I I think retail, and especially for us as a cafe, is a third space.

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Retail Focus

OCTOBER 13, 2022

Mango, one of Europe’s leading fashion groups, is accelerating its expansion in the United Kingdom with the opening of three new stores this autumn to bring the total to almost 50 by 2022, combining its physical presence in shopping centres with standalone stores and corners in department stores.

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Inside Retail

OCTOBER 18, 2021

Prior to the onset of Covid-19, online sales represented a relatively small percentage of the industry, but this has changed significantly over the past 18 months as more and more retailers embrace the digital space and improve their online experience. How has Tissot adapted, and how do you see this space developing going forward?

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Department Stores Space Consumer Engagement 241

Inside Retail

OCTOBER 14, 2021

I actually remember doing my homework in the staff canteen above the Boots store in Guilford in the UK, and having all these people walk past talking about space optimisation and sales per square foot, and that was all much more fascinating than my biology homework. JM: I definitely didn’t have a grand career master plan.

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Inside Retail

JUNE 21, 2021

The viability of the two iconic department store chains, Myer and David Jones, has been seriously analysed and debated since a merger proposal by Myer was revealed in 2014. The financial collapse of traditional US and UK department stores and the impact of the pandemic has increased industry scrutiny on Myer and David Jones.

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Inside Retail

OCTOBER 2, 2023

Major department store, tick. Store formats vary in size, shape and identity, whereby guidelines seem relaxed and autonomous, in turn creating a sense of individuality amongst its buildings and retailers. Global fast-fashion retailer, tick. Supermarket giant, tick. Cinema, tick.

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Inside Retail

FEBRUARY 26, 2024

Just this week, American department store chain Nordstrom announced a unique collaboration with the British fashion brand Paul Smith. The founder of the eponymous brand highlighted another similarity between his business and the department store chain. “I

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Department Stores Fashion Shopping Engagement 130

Inside Retail

JUNE 29, 2022

Founded in London’s Piccadilly in 1707, Fortnum & Mason is venturing into the digital space with the recent launch of its official store on Tmall Global in China. The post Fortnum & Mason exec discusses APAC expansion and digital plans appeared first on Inside Retail.

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