Inside Retail

MAY 22, 2022

First quarter results for calendar year 2022 are in for the three biggest Korean department store retailers, and the numbers are encouraging. Shinsegae, Lotte, and Hyundai account for the top nine department stores in the country (coming in at number 10 is Galleria’s high-end flagship in Seoul). trillion KRW ($2.1

Department Stores 130

Department Stores Apparel Specialty Store Wholesale 130

Inside Retail

AUGUST 28, 2022

Living in a building of historic importance gives one of the world’s pre-eminent luxury department store companies that extra little bit of cache — the trick now is to find ways of being a retailer of future importance, a stiff hurdle upon which so many department store companies are stumbling. Footfall was up 6.4%

Department Stores 130

Department Stores Accessories Jewelry Apparel 130

Inside Retail

SEPTEMBER 1, 2022

Shinsegae — one of the Big 3 of Korean department store retailing along with Lotte and Hyundai — has continued its great form right through into the second half of the year, helped by the removal of the country’s remaining pandemic restrictions and an increasingly buoyant mood among the country’s more affluent consumers.

Department Stores 130

Department Stores Net Profit Fashion Boutique 130

Inside Retail

MAY 10, 2023

For once, department stores are leading a retail sales recovery instead of lagging it. Supermarkets (5,921 stores) gained 1.8 per cent but the big winners were department stores (190 of them) performing well above the average, with a 13.5 Meanwhile, Isetan Mitsukoshi’s five Tokyo-area stores had sales growth of 23.2

Department Stores 130

Department Stores Specialty Store Fast Fashion Consumer 130

Retail TouchPoints

JANUARY 29, 2021

Unsurprisingly, ecommerce will be the most popular destination for Valentine’s Day shopping, accounting for 39% of the total. The other top shopping destinations include: Department stores ( 29% ); Discount stores ( 28% ); and A tie between local small businesses and specialty stores ( 17% each).

Specialty Store 306

Specialty Store Department Stores Discount Store Planning 306

Retail TouchPoints

NOVEMBER 4, 2020

Consumer preference for online shopping continues to rise, as more purchases are being made online than in stores with each passing year. According to McKinsey , ecommerce sales in apparel, department stores and beauty products have increased by nearly 10%, on average, since the onset of the pandemic.

Merchant Services 317

Merchant Services Payment Services Accounting Jewelry 317

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

Department Stores 246

Department Stores Accounting Returns Planning 246

Inside Retail

DECEMBER 29, 2022

Department stores and the foodservice sector drove “unprecedented” Boxing Day sales growth across Australia according to data from the Australian Retailers Association and Westpac DataX. per cent on 2021, with department-store sales of $149 million up by 23.6 billion – 8.6 On Boxing Day, Australians splurged $1.23

Department Stores 246

Department Stores Accounting Accessories Apparel 246

Retail TouchPoints

AUGUST 11, 2022

Plaines will lead all financial activities across the retailer, with the goal of driving best-in-class execution across functions including financial strategy, real estate, capital deployment, credit services, sourcing and procurement, treasury and accounting. Plaines is the department store retailer’s third C-level hire this year.

Department Stores 259

Department Stores Accounting Management Shopping 259

Retail Focus

MARCH 25, 2025

The Role of E-Commerce in Inflationary Periods During times of inflation, online retailers have an advantage over physical stores. Many costs are avoided by digital shops, including multiple locations, large staff teams, and high utility bills. When inflation is high, department stores expand their clearance sections.

Consumer 130

Consumer Drop-Shipping Shipping Store Layout 130

Inside Retail

JANUARY 10, 2024

Embracing AI Walmart’s goal is to make shopping experiences effortless, engaging and personalised. 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.

Shopping 262

Shopping Payment Services Social Commerce Checkout 262

Inside Retail

MAY 17, 2023

Leasing revenue accounted for more than 90 per cent of the total, at us$1.25 This makes FFO more reflective of the REIT’s true operating performance, since shopping centres and other properties often increase in value over time rather than depreciate. First-quarter revenues came in at US$1.35 billion ($2.03 billion), up 4.2

Department Stores 264

Department Stores Boutique Apparel Accounting 264

Inside Retail

FEBRUARY 24, 2022

Myer has announced the closure of its Blacktown store in Sydney’s outer west, a move that follows the reduction of footprints of five other stores across Australia. . Since then it has closed stores located at Logan, Hornsby, Emporium and – most recently – Knox, last August.

Planning 246

Planning Department Stores Accounting Location 246

Retail TouchPoints

MARCH 7, 2024

Marketplace will allow customers to shop more products and sizes from their favorite brands while providing them more access to new and emerging brands.” The company’s digital business remains strong, accounting for 36% of sales in fiscal 2023. over Q4 2022.

Department Stores 264

Department Stores Accounting Planning Shopping 264

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.

Consumer 328

Consumer Fulfillment Department Stores Sporting Goods 328

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

Department Stores 264

Department Stores Inventory Management Planning Returns 264

Inside Retail

DECEMBER 19, 2022

Phnom Penh’s reputation as an up-and-coming retail hub took another stride forward on Thursday, 15 December, when Japanese retail and shopping centre giant Aeon staged a soft opening for its third mall in the Cambodian capital , in the southern district of Meanchey. The mall, on a 1.74 The edutainment mall.

Outdoor 245

Outdoor Beauty and Health Department Stores Boutique 245

Retail TouchPoints

JULY 14, 2023

billion on back-to-school (BTS) shopping this year, up from $36.9 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. Consumers are expected to spend a record $41.5 billion in 2022 as well as the previous high of $37.1

Discount Store 246

Discount Store Department Stores Planning Accessories 246

Inside Retail

OCTOBER 11, 2021

Retail shopping centres face a major challenge rebuilding customer traffic and sales after the Covid-19 pandemic is controlled. With occupancy rates under pressure, shopping-centre landlords have already reviewed property valuations to account for tighter rent market conditions and financial concessions required to retain key retail brands.

Shopping 130

Shopping Consumer Accounting Department Stores 130

Inside Retail

JUNE 22, 2021

Starts at 60, the online news and community hub aimed at seniors, has just launched an e-commerce platform as it looks to become the go-to destination for the growing number of baby boomers shopping online. Older online shopping ‘boom’. But that changed last year.

Payment Services 236

Payment Services Department Stores Shopping Consumer 236

Retail Bound

DECEMBER 2, 2024

With a slew of high-impact shopping events driving consumer spending, this is your prime opportunity to maximize revenue, build brand awareness, and move products off shelves quicker than at any other time of the year. Now, let’s break down the top 4 Q4 shopping events and discuss how your brand can stand out.

Shopping 52

Shopping Shipping Promotions Consumer 52

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 sound like them. We feel like them.”

Payment Services 290

Payment Services Department Stores Shipping Accounting 290

Inside Retail

MAY 3, 2022

per cent in March compared with the same month last year as the impact of Omicron on consumer shopping behaviour wore off. billion in stores and online in March, eclipsing the previous record of $33.3 By category, department stores led the growth, up 4.1 Australian retail sales surged 9.4 Month on month, sales were up 1.6

Department Stores 246

Department Stores Apparel Consumer Accounting 246

Inside Retail

NOVEMBER 16, 2022

Leather goods account for around 20 per cent of Burberry’s sales versus 70 per cent at Bottega Veneta. He raised prices, limited distribution to its own shops and high-end department stores and cut discounting.

Fashion 278

Fashion Department Stores Planning Accounting 278

Inside Retail

APRIL 12, 2023

The country’s growing economy and expanding middle class have created a favourable environment for global brands to set up shop and tap into a new consumer base. It currently accounts for over 10 per cent of the country’s gross domestic product (GDP) and around 8 per cent of the employment.

Department Stores 261

Department Stores Consumer Marketing Accounting 261

Retail TouchPoints

JUNE 19, 2023

There’s a high likelihood that, as an American shopper, you’ve been at a store, seen an item completely unrelated to the purpose of your shopping trip, and suddenly — you have to have it. Impulse spending accounts for a sizable chunk of retail revenue. Electronics had the lowest percentage, at 13.6%.

Inventory Management 276

Inventory Management Department Stores Consumer Shopping 276

Retail TouchPoints

JULY 8, 2022

consumers use online marketplaces , and those marketplaces account for 42% of consumers’ total online shopping spend on average. Earlier in my career] I worked for many specialty brands and department stores where we sort of fought Amazon,” said Stacey Renfro, CEO of the born-on-Amazon home décor brand? mDesign. “[The

Department Stores 278

Department Stores Wholesale Consumer Accounting 278

Retail TouchPoints

MAY 17, 2022

It forces you to consider the ramifications for the future of shopping when you have a generation of customers who think of themselves as thrifters and are focused on value, sustainability and this style of buying.”. Because of this, secondhand is expected to increase its “share of closet” more than any other sector over the next 10 years.

Apparel 321

Apparel Fast Fashion Fashion Consumer 321

Inside Retail

MARCH 25, 2025

Omnichannel grew by another 10 per cent, year over year in the fourth quarter and now accounts for 20 per cent of company sales. Among the highlights was a successful relaunch of Central Chidlom (popularly known as Central Department Store) in downtown Bangkok, with a new multi-level designer wing called Luxe Galerie.

Department Stores 130

Department Stores Wholesale Supermarket Net Profit 130

Inside Retail

APRIL 29, 2021

Amazon.com has posted its fourth straight quarter of record profits, thanks to the global shift to online shopping during the Covid-19 pandemic. . The two-day online shopping event occurred in October last year due to uncertainty around the pandemic. “In billion on sales of US$108.5 billion on sales of US$108.5 Amazon’s Achilles’ heel.

Payment Services 246

Payment Services Department Stores Checkout Supermarket 246

Retail TouchPoints

MARCH 1, 2024

A lot of brands out there have sold to bigger shops where the bottom line is king, but we’re more about our reputation and the product we put out. We also get end-to-end accountability in the supply chain.” Natori factory (photo courtesy Natori) “We’re very design-driven,” he said. “A

Department Stores 274

Department Stores Wholesale Finance Apparel 274

Inside Retail

DECEMBER 18, 2023

How will consumers be spending their dollars in the week leading up to Christmas, what are retailers doing to entice consumers in-store and which retailers will benefit from this? These are pressing questions that many in the industry will be asking themselves in the final few big shopping days of the year. Here is what’s happening.

Shopping 264

Shopping Consumer Accessories Supermarket 264

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.

Boutique 64

Boutique Department Stores Fashion Accounting 64

365 Retail

JULY 20, 2022

in 2020, with e-commerce accounting for more than three-quarters of overall retail growth, and 57% of global shoppers’ spend is now online, and this momentum will only continue to drive the retail industry forward. Globally, online’s share of total retail sales was 16.4%

Merchant Services 122

Merchant Services Shopping Customer Retention Department Stores 122

Inside Retail

FEBRUARY 8, 2023

The space is the upper level of a three-level empty box, the two levels below having been left by upscale department store Bloomingdales , which closed in March 2021. It sits at the top of Third Street Promenade, a famous shopping, food and entertainment strip. These were underperforming stores that Covid gave a final push.

Department Stores 130

Department Stores Fast Fashion Shopping Location 130

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.

Supply Chain Management 130

Supply Chain Management Consumer Marketing Boutique 130

Inside Retail

NOVEMBER 30, 2022

The US-inspired shopping event – which sees retailers across the country offer deals and discounts to tempt customers and boost sales – kicks off the peak period, and is routinely one of the busiest days on the calendar for shops, large and small. Chadstone Shopping Centre in Melbourne’s south east went all out for the shopping event.

Fast Fashion 246

Fast Fashion Shopping Accessories Consumer 246