article thumbnail

A marriage of convenience? Myer’s acquisition of Premier’s apparel brands

Inside Retail

The potential merger of Lew’s retail interests after the decision to spin off the growth brands, Smiggle and Peter Alexander, into new listed entities cleans up his investments. The problem with spinning off those two well performed retail chains was that it left Lew and Premier Retail’s less dynamic apparel brands stranded.

Apparel 277
article thumbnail

Decoding the global trends shaping the future of retail

Inside Retail

Pet Lovers Centre (Singapore) Pet Lovers Centre is collectively the only pet care retail chain in Southeast Asia, with more than 170 stores and an online shopping portal. The outputs reflect the stores distinctive sentiment and style so it can be immediately applied to business operations.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The strengths and weaknesses of Nordstrom’s bid to go private

Inside Retail

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 billion in partnership with Mexican retail company El Puerto de Liverpool. Today it is valued at just US$3.7

article thumbnail

Has retail’s focus on cutting costs boosted retail crime?

Inside Retail

So much so, that several retailers are starting to make more dedicated efforts to stamp it out. Myer, for example, recently announced that it would be partnering with undercover police officers to curb theft in its department stores. That’s not to say that a retail chain shouldn’t protect itself.

article thumbnail

Analysis: Consumers and the new reality

Inside Retail

Non-grocery retail chains have been perceived as not putting customer safety first. To convince customers to spend, retailers need to show a clear purpose to community safety. Success depends more on communicating and demonstrating commitments to consumer safety, on top of actions taken. Home is the new hub.

Consumer 246
article thumbnail

Why it’s good to be a mall operator in the Philippines right now

Inside Retail

The booming retail business Aside from the retail properties, SM Investments also has a separate retail arm consisting of about 3850 department stores, supermarkets, hypermarkets and specialty stores. Same-store sales have been increasing at a rate above 6 per cent and twice that at its 74 department stores.

article thumbnail

Opinion: Consumers’ screen times gives shopping centres a headache

Inside Retail

Retail chain results for the latest financial year indicate spectacular growth in online sales and, in many instances, a dip in the average sales per store. Myer online sales increased by 28 per cent, to $540 million, in FY21, accounting for 20 per cent of total group sales.

Shopping 130