Inside Retail

AUGUST 7, 2023

Department store Myer says sales and profit are continuing to grow despite the challenging economic environment, with its online business continuing to strengthen. In a trading update issued today based on unaudited accounts, the company said it expects to report a 12.5 Online sales accounted for 20.5

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Inside Retail

FEBRUARY 8, 2024

million and now account for 21.3 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. “Our per cent, compared to the first half of the last financial year. The report revealed that online sales were $390.1

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Retail TouchPoints

NOVEMBER 18, 2022

million people plan to shop between Thanksgiving Day and Cyber Monday in 2022, representing 69% of all holiday shoppers, according to a survey conducted by the National Retail Federation (NRF) and Prosper Analytics. million people , 69% of those planning to shop across Thanksgiving weekend, heading out for deals. An estimated 166.3

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Shopping Department Stores Planning Accounting 289

Inside Retail

APRIL 20, 2022

The company will also run some 250 wholesale accounts both locally and internationally. Morris said the company’s Designworks division supplies products to department stores and discount department stores, while Shoes & Sox is the leading children’s footwear retailer in Australia, dominating the children’s footwear category in Myer.

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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

JUNE 9, 2021

Fast-growing Australian online retailer Canningvale plans to relaunch the iconic Singaporean department store Robinsons as an online-only business this month after acquiring the company’s digital assets for an undisclosed sum. Some of the brands have a history with Robinsons, while others are new to the department store. .

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Inside Retail

JANUARY 24, 2022

A “particularly strong” run-up to Christmas saw department-store chain Myer achieve solid sales growth in the five months to January 1, despite the company losing 27 per cent of its brick-and-mortar store trading days due to Covid-related trading restrictions. . Online sales now account for 27.7

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Retail TouchPoints

MARCH 7, 2024

Nestled among its Q4 2023 earnings was the news that Nordstrom plans to add a third-party marketplace to the Nordstrom.com website in April. “By The company’s digital business remains strong, accounting for 36% of sales in fiscal 2023. over Q4 2022.

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Retail TouchPoints

FEBRUARY 23, 2021

Macy’s Q4 and full-year 2020 results show signs of a turnaround for the department store, hard hit, like many of its counterparts, by the COVID-19 pandemic. 22 Macy’s announced plans to close 45 stores by mid-2021, according to CNBC , part of a previously announced plan to close 125 locations by 2023.

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Retail TouchPoints

MAY 20, 2022

“Loyalty to those stores used to be 100% — a top customer would go to Neiman Marcus for everything and not go anywhere else. But come 2006, 2007 we really started to see that loyalty go away, and the bigger piece of it was [that] fewer people were going into department stores overall.

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Retail TouchPoints

JULY 14, 2023

billion , with the top products planned for purchase including laptops ( 51% ), tablets ( 36% ) and calculators ( 29% ). More than 55% of respondents who are planning to shop for school supplies said they had already started buying as of early July — on par with 2022 and up from 44% in 2019. per person, up from $1,199.43 set in 2021.

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Inside Retail

APRIL 11, 2025

Alf the Label: Absorb costs where we can Since Alf the Label, a parenting lifestyle brand, launched in the US at New York Fashion Week in 2023, the region has become a crucial market, now accounting for over 70 per centof the brands total revenue and customer base.

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Retail TouchPoints

AUGUST 30, 2021

I’m not an accountant, but stores are on the asset side of the balance sheet for a reason, and they need to be leveraged as much as possible to squeeze as much out of them as you can.”. However, the department store still has work to do when it comes to its merchandising efforts. Foot Locker managed solid 6.9%

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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. Leather goods account for around 20 per cent of Burberry’s sales versus 70 per cent at Bottega Veneta.

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Retail TouchPoints

MAY 29, 2020

Q1 2020 financial results for Costco , Nordstrom and Abercrombie & Fitch encapsulate how three retail verticals — club, department and specialty apparel — are weathering the COVID-19 pandemic. Costco reported a successful quarter, while Nordstrom and Abercrombie discussed plans to handle the fallout. Costco posted a 7.3%

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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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Retail TouchPoints

MAY 22, 2023

Today, Curacao operates stores that are at least 100,000 square feet in size and cover four main verticals — electronics, home, fashion, kids and babies — and 17 different subcategories. We don’t want to be just a store that sells stuff that everyone else sells ,” said Nerubay. We feel like them.”

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Payment Services Department Stores Shipping Accounting 290

Inside Retail

OCTOBER 27, 2022

The brand’s expansion into skincare earlier this year was a resounding success, with the new vertical already accounting for 30 per cent of annual revenue, which is said to be in excess of £50 million ($89 million). And that’s only the beginning.

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Inside Retail

APRIL 12, 2023

It currently accounts for over 10 per cent of the country’s gross domestic product (GDP) and around 8 per cent of the employment. Making the brand relevant year round by planning special promotions during Indian cultural events, and big sporting events such as cricket tournaments could all help big brands eyeing the Indian market,” he opined.

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Department Stores Consumer Marketing Accounting 261

365 Retail

OCTOBER 23, 2024

George (left) & Mike Heaton (right) The Manchester store is set in the heart of the city’s iconic shopping district, positioning Represent alongside fellow luxury retailers such as Louis Vuitton, Selfridges, Paul Smith, Canada Goose, and Harvey Nichols.

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Inside Retail

NOVEMBER 24, 2024

He is an accomplished designer who studied arts in France 15 years ago before taking a job with a public relations consultancy in China’s capital, Beijing, where he worked on the account of Procter & Gamble, an FMCG company with a raft of hair and skincare products. It is different now to 10, 20 or 30 years ago.

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Inside Retail

MARCH 25, 2025

This year, Central plans to open four new home-improvement stores, 10 supermarkets/food halls and four Go Wholesale warehouses in Thailand, plus two Go! stores in Vietnam. Omnichannel grew by another 10 per cent, year over year in the fourth quarter and now accounts for 20 per cent of company sales. billion Thai baht.

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Inside Retail

JUNE 22, 2021

Consumers over 65 were the fastest growing group of online shoppers in the US in 2020, according to NPD Group’s Checkout Tracking, and they accounted for 30 per cent of goods purchased online in the UK last year compared to 20 per cent the year before, The Economist reported.

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Retail TouchPoints

NOVEMBER 21, 2023

November and December holiday sales average around 19% of total retail sales, per the NRF , and this share can be even higher for some department stores and specialty retailers. Christmas is historically the largest day for new Roku account creation — causing an uptick in streaming audience reach. this year to surpass $1.3

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Inside Retail

JUNE 24, 2021

In his new role, Wood will lead the newly created strategic partnerships team which will provide account management tailored to the company’s clients’ needs and champion an insight led partnership model. International Group of Department Stores appoints new president.

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Department Stores Management Apparel Accounting 147

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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Retail TouchPoints

OCTOBER 24, 2022

The UK-based marketplace already offers same-day service in the London area for sales on its ecommerce site, with plans to roll out this capability across the UK next month. million USD) and his plans to “aggressively” enter the U.S. How did that come about? Our demographics are split 50-50 between male and female buyers.

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Retail TouchPoints

MAY 17, 2022

A whopping 81% of first-time thrifters said they plan to spend the same amount or more on secondhand in the next five years. At the same time, the rental and fast fashion sectors are expected to remain relatively flat, and department stores, value chains and mid-priced specialty retail will lose ground. “The

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Apparel Fast Fashion Fashion Consumer 321

Retail TouchPoints

APRIL 5, 2022

These data and technology access concerns reflect brands’ desire to link their CSR plans and track their progress against a clear set of KPIs. This category includes department stores, specialty and softline brands. More firms under $20 million ( 35% ) report struggling with gaps in technology to track CSR goals.

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Merchant Services Beauty and Health Returns Consumer 272

Retail TouchPoints

JANUARY 25, 2023

Over the past three years, most of us have done a lot more shopping online, so it’s easy to forget that while ecommerce is still growing, most retail commerce still happens in stores. In Q3 2022, ecommerce accounted for less than 15% of all retail sales. These experiences aren’t mutually exclusive, either.

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Inside Retail

MAY 18, 2021

Macy’s is renewing its commitment to its flagship Herald Square, New York, store with a US$235 million plan to turn the surrounding neighbourhood into a pedestrian-friendly, modern space with subway access, improved transit connections and elevators that meet ADA [Americans with Disabilities Act] guidelines.

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Inside Retail

MARCH 26, 2024

IR: Any plans for an MCoBeauty retail store in the US or Australia? IR: What percentage of MCo Beauty’s sales revenue does e-commerce account for in comparison to brick-and-mortar retail? IR: Will MCoBeauty’s sister brand ModelCo be available in US retail stores anytime soon? SS: Not at this stage. SS: Six per cent.

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Retail Bound

DECEMBER 2, 2024

Annual financial goals: For many businesses, the revenue generated in Q4 can account for a significant chunk—some reports claim as much as 30%—of their annual sales. Many purchases are carefully planned as consumers actively track deals several weeks in advance. Mobile devices now account for the majority of Cyber Monday purchases.

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Shopping Shipping Promotions Consumer 52

Retail Gazette

OCTOBER 10, 2023

The department store retailer posted an operating profit of £38.9m loss the year before, according to accounts filed on Companies House. However, when taking into account a surge in debt interest costs, the retailer lost £38m for the year, down from the £83.9m for the 12 months to January 2023, down from a £38.1m

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Department Stores Payment Services Accounting Returns 79

A1 Retail

OCTOBER 23, 2024

Until this year, Represent had been an online business selling via its website, with new arrivals launching weekly, alongside dedicated bespoke retail spaces in some of the UK’s top department stores. 247 is now the fastest growing arm of the brand, projected to account for 14 percent of the business by the end of 2024.

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Inside Retail

JANUARY 10, 2024

The world’s largest retailer shared expansive plans for the future of retail at the recent Consumer Electronics Show (CES 2024), focusing on adaptive retail strategies that encompass realms of customers, workforce and society. Walmart is not resting on its laurels. There is also a new AR feature called ‘Shop With Friends’.

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Inside Retail

DECEMBER 18, 2023

Immediate family members will receive 88 per cent of these purchases, with just under a third of respondents planning to buy gifts for extended family members, and just shy of half of respondents also gifting to friends. per cent higher than last year, with ultra-luxury brands expected to be most disappointed in sales this year.

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