Inside Retail

JANUARY 9, 2025

Over the past few weeks, the retail industry has been buzzing about the news of legacy retailer Nordstroms privatisation plans. Nordstrom has been one of the weakest performers in the department store space, Saunders continued, adding that many adjustments are needed to fix recent missteps with merchandising, operations and store standards.

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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

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

DECEMBER 18, 2024

Japanese department store Matsuya has introduced a digital platform with a click-and-collect service including tax refunds in a bid to tap into the growth of international tourists. Established in 1874 as a kimono retailer, Matsuya Co operates department stores in Tokyo’s Ginza and Asakusa districts.

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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

NOVEMBER 22, 2022

Isetan-Mitsukoshi is a storied department store 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 department store in Japan. Sales at Isetan-Mitsukoshi’s Tokyo metro stores are up 33.3 billion yen, or about $2.5

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Inside Retail

NOVEMBER 4, 2024

Earlier this year, it was reported that Harrolds’ Melbourne and Sydney stores would be relocated as part of the business’s plan to return to sustainable profit, however, the business remained plagued by difficulties in the retail sector.

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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

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. per cent increase is a case of under-promising and over-delivering, the department store CEO is taking the win as a sign of more growth to come. “We

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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 26, 2023

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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Inside Retail

MARCH 13, 2025

The department store chain appointed Megan Collins as chief people officer, effective April 28, while promoting Belinda Slifkas from GM of menswear, childrenswear, and home and entertainment to chief merchandise officer. Myer has made a raft of leadership changes following its merger with the apparel brands business of Premier Retail.

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VMS

JANUARY 9, 2023

Macy’s (New York) is set to shutter four more department stores in in the first quarter of 2023 as part of its ongoing Polaris transformation strategy, according to Retail Dive and several other news sources. The affected stores are in these malls: * Baldwin Hills Crenshaw Plaza; Los Angeles.

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Inside Retail

JUNE 30, 2021

From using non-toxic paint in stores to digitising documents to avoid paper waste, more businesses are taking steps to make their physical operations more sustainable. That includes the Japanese department store chain Takashimaya. Takashimaya opened its first store in Kyoto, Japan, in 1831, selling gofuku (formal kimono).

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Inside Retail

OCTOBER 20, 2024

The brand plans to increase the number of locations from four to 24 by the end of next year. 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

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. Like many retailers, both in the US and internationally, Macy’s has been impacted by the decline in consumer interest in shopping in traditional department stores amidst the rise of online shopping.

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Inside Retail

OCTOBER 29, 2024

Now, Mosaic’s presumably ‘core brands’, Millers, Noni B, Rivers and Katies, are also on the chopping block as the retail group looks to accelerate its rationalisation plan and attract new customers across metropolitan and regional Australia through the administration process.

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Inside Retail

AUGUST 31, 2022

The department store giant’s adjusted operating profit rose 85.5 The first principle, knowing your customers, is incredibly important to a luxury department store business like David Jones, Fyfe said. We’ve got a consistent plan about how we will celebrate these events with our customers. Looking forward.

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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. The brand still has potential to grow further in Australia.”

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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. The complex shift to omnichannel. Australians are shopping online more than ever.

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Inside Retail

OCTOBER 30, 2024

SM Prime Holdings, the largest mall operator in the Philippines , has underlined its regional development strategy in the archipelago with the grand opening of a new mall in Mandaue City, Cebu on October 25. This landbank should be sufficient to serve the company’s development plans for five to seven years.

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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

NOVEMBER 16, 2022

Burberry’s new chief executive Jonathan Akeroyd will on Thursday set out his plan to finish the job started by his predecessor: boosting growth at the British luxury brand to the levels of its European rivals. He raised prices, limited distribution to its own shops and high-end department stores and cut discounting.

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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.

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Inside Retail

APRIL 17, 2023

Last month, the department store reported its highest interim profit since 2014. You’ll probably have to adjust margins to implement this model effectively, and it’s likely that the ‘better’ offer will end up being the largest seller, so plan your orders accordingly. And you’ll need a pre-planned mechanism to achieve that.

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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. The timing tends to infer that Murray was not keen on the breakup plan or didn’t see a suitable role for himself in the future.

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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

JUNE 12, 2024

Earlier this year, Premier Investments chairman Solomon Lew announced plans to spin off Smiggle into a separate ASX-listed entity. BBRC also owns the discount department store chain Best & Less and has stakes in footwear giant Accent Group and fashion brand Dissh, among others. million business to a $319.8

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Inside Retail

JANUARY 12, 2023

Chiu quickly developed a passion for online retail and abandoned her plans to become a lawyer to help grow the business. 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? CC: Taking Dropshipzone to the next level.

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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

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

MAY 20, 2021

BooHoo, which also acquired department store Debenhams in January, bought Arcadia’s e-commerce, digital assets and associated intellectual property rights that also include customer data, business information, and inventory of Dorothy Perkins, Wallis, and Burton. He joined BooHoo last month.

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Inside Retail

NOVEMBER 24, 2024

The Middle East [is in the plan] – because Documents has some Middle Eastern clients in China…and we think our position and our style may match the Middle Eastern market,” Zhaoran said. With 13 stores in three years and a brand already recognised globally, Documents’ success has been rapid by any definition. That’s good for us.

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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? Category management – for example, range and assortment planning, pricing strategies – is a typical use case where AI can augment human decision-making.

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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.”

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Inside Retail

FEBRUARY 27, 2024

This week, Macy’s announced plans to shut down 150 “underproductive” stores, more than one-fifth of its department store assemblage, over the next three years. The closures are a part of the retailer’s plan “to create a more modern Macy’s, Inc. per cent of its workforce. In December, Macy’s received a $5.8

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