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The China Syndrome: Japan department stores missing tourist shoppers

Inside Retail

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. This was one of the factors leading to the introduction of dedicated tax-free checkouts.).

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How retailers are racing to meet the needs of older online shoppers

Inside Retail

Starts at 60’s move into e-commerce comes as health concerns and store closures due to the global pandemic continue to drive more seniors to shop online. Since shifting to a department store model, the company’s online offering has skyrocketed from around 30-50,000 SKUs to 700,000 SKUs at the end of May 2021.

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How Amazon more than tripled its profits in Q1

Inside Retail

“Many domestic retailers were not strong on digital, especially department stores which offer similar home product ranges,” she told Inside Retail. . Morningstar has predicted that Amazon will account for a quarter of online sales in Australia by 2030. Amazon’s Achilles’ heel.

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Walmart’s futuristic vision: AI shopping, drone deliveries and green energy

Inside Retail

A new GenAI search experience, which is live on iOS for all customers within the latest version of its app, is now available for all customers who are logged into their Walmart account. There is also a new AR feature called ‘Shop With Friends’. It’s essentially a ‘Virtual Try-On’ service that becomes a social experience.

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Frictionless Payments: What Online Casinos Are Learning from E-Commerce

365 Retail

Completing these actions in-person and visiting a department store can take hours out of our lives, hours many of us simply don’t have spare. We now have things like one-click purchases, meaning if we see something we like, we can buy it there and then without having to go through a checkout process.

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How scrutiny over prices could impact Coles’ and Woolworths’ loyalty programs

Inside Retail

Sharing the good fortune Another example of a retailer’s growing focus on loyalty programs is Australian department store, Myer. million in total and during FY23 almost 75 per cent of all purchases made at Myer were linked to a Myer One account. Myer One currently has about 4.2 million engaged members of its 7.3

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What the proposed buy now, pay later regulations mean for Aussie retail

Inside Retail

She told Inside Retail that BNPL had been boosted by Covid-19 restrictions and the shift to an omnichannel approach in recent years, with strong demand by customers when shopping online and in department stores. Given that the average consumer has two BNPL accounts we are looking at a debt multiplier effect.