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Myer’s strategic moves suggest the future of retail is consolidation and loyalty

Inside Retail

Where is Myer’s Wirth now Many experts recognise Wirth’s strong background in loyalty as one of the department store’s greatest assets. Under Wirth, Myer has hopefully redefined its strategy, streamlining operations for a balanced omnichannel approach,” Nick Gray, the founder of I Got You Consultancy, told Inside Retail.

Apparel 252
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Matsuya’s director Takehiko Furuya on the department store’s digital launch

Inside Retail

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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How L’Occitane’s Dr Vranjes Firenze aims to grow in Australia and beyond

Inside Retail

These acquisitions reflect the group’s strategy for building a geographically balanced brand portfolio of premium beauty and fragrance brands. The brand is selective in choosing partners with which to create aligned ranges and enter new markets. Its work with premium Australian department store chain David Jones is an example of this.

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Navigating the what, when, where and how of personalisation

Inside Retail

It’s no secret that many companies rely heavily on consumer-generated data to inform many activities, from product development and strategic planning to targeted marketing campaigns. Marketers everywhere are talking about it. The essence of personalisation Picture a scenario, you’re in a department store.

Tailored 130
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Analysis: Why rethinking demographics leads to better segmentation

Inside Retail

In fact, it is one of the first things we teach in undergraduate marketing courses, as part of the segmentation-targeting-positioning (STP) process we teach as an introduction to marketing strategy. We walked through one of the major discount department stores and by chance saw the boys’ section first.

Gifts 130
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What Is Visual Merchandising?

Creative Displays Now

It’s a crucial strategy to make your products stand out in a competitive retail space. This practice took off in the 19th century after department store window displays became popular. The initial focus was to attract customers into the store. Since then, the market has become saturated with competition.

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

RetailMinded

Stay with us as we guide you through the journey of building a successful retail business with the right strategies and a deep understanding of the retail sector. Understanding Your Target Market and Their Needs You need to know who you’re selling your product to. What Are the 4 Ps of Retail Management?