Retail TouchPoints

DECEMBER 4, 2023

This offer had valued Neiman Marcus at $3 billion , but the luxury retailer objected to the deal’s structure because a significant portion of the payout would not have been in cash, people familiar with the matter told WSJ. Nieman Marcus has rejected Saks Fifth Avenue ’s latest takeover bid, according to the Wall Street Journal.

Department Stores 240

Department Stores Discount Store Consumer ATS 240

Inside Retail

DECEMBER 19, 2023

Falling income growth is normalising lower consumption in China, with some industries experiencing declining revenue, as “companies are lowering prices to maintain their market share and avoid being squeezed out,” said Wang Dan, a Shanghai-based economist at Hang Seng Bank. at the flagship chain.

Retailing Pricing 263

Retailing Pricing Discount Store Consumer Supermarket 263

Retail TouchPoints

FEBRUARY 8, 2024

Once largely associated with lower-income households, dollar stores are now becoming retail staples even for more affluent households, inspiring retailers in these categories to invest more heavily in marketing, merchandising and technology innovation that will help them differentiate.

Thrift Store 267

Thrift Store Consumer Clienteling Fulfillment 267

Retail TouchPoints

JULY 20, 2023

Moving closer to its goal of opening 100 stores during fiscal 2023, Ross Stores opened 18 Ross Dress for Less and nine dd’s Discounts stores across 14 states in June and July. The value retailer now operates 2,061 stores in 41 states, the District of Columbia and Guam.

Location 157

Location Discount Store Planning Marketing 157

Retail TouchPoints

AUGUST 27, 2024

“With so many things happening over the last two years — the pandemic, political pressures, social justice protests, geopolitical and supply chain challenges — everyone stayed at a perfect moderate level of anxiety,” said Ericka McCoy, Chief Marketing Officer at analyst firm Resonate in an interview with Retail TouchPoints.

Markdowns 291

Markdowns Drop-Shipping Consumer Discount Store 291

Retail TouchPoints

FEBRUARY 11, 2022

Not all of that spending will go to product purchases at retail — 41% of survey respondents said they would “love to receive the gift of experiences,” up from 36% in 2021. Just 15% of shoppers will throw their own party and 20% will attend someone else’s party, with another 5% planning to catch the big game at a bar or restaurant.

Jewelry 250

Jewelry Department Stores Discount Store Apparel 250

Retail TouchPoints

JULY 8, 2021

As consumers clamor for the personal interaction that comes with shopping in-store, do you believe we’ll see a resurgence in shopping mall traffic? It is critical in these markets that large centers find new energy to draw new tenants in, beyond just retail and food courts, such as integrated entertainment centers and live event spaces.

Payment Services 276

Payment Services Consumer Shopping Returns 276

Inside Retail

SEPTEMBER 6, 2023

Home ownership at age 40, let alone at 30 or 20, seems like a far-fetched fantasy. This is compared with 62 per cent of Gen X and two-thirds of Baby Boomers at the same life stage. Finder data shows that one in four Millennials now choose to live at home after they hit their 30s. That increases to 10.4 That’s true, true.

Marketing 130

Marketing Consumer Accounting Apparel 130

Inside Retail

JULY 25, 2023

Compared to its sister brand Kmart, which has seen its market share grow exponentially in the past decade, Target has been suffering a slow decline, with its position in the middle of the market – not quite as value-based as Kmart, and not quite as high-end as Myer – making matters worse. It’s quite the opposite.

Department Stores 246

Department Stores Apparel Management Fashion 246

Inside Retail

APRIL 6, 2021

While consumers were stuck at home, their dollars travelled far and wide thanks to e-commerce,” says Bricklin Dwyer, Mastercard chief economist and head of the Mastercard Economics Institute. More significantly, Mastercard predicts between 20 and 30 per cent of the shift to online will be permanent.

Discount Store 147

Discount Store Consumer Marketing Shopping 147

Inside Retail

JUNE 3, 2021

Thirteen years after Woolworths introduced self-service checkouts to Australian supermarket shoppers, discount grocer Aldi has bowed to the demand for quick and convenient self-serve transactions at its stores. They clearly recognise a need to give consumers choices.

Payment Services 52

Payment Services Checkout Promotions Supermarket 52

Inside Retail

JANUARY 31, 2023

Bishop joined the company after terms as director of merchandise & marketing at Bunnings, and as COO at Officeworks. Murray to continue leading Best & Less At Best & Less, Jason Murray will remain in charge as executive chair until a new CEO is recruited.

Shopping 246

Shopping Marketing Discount Store ATS 246

Inside Retail

JUNE 15, 2022

Phil Bishop, who was most recently director of merchandise & marketing at Bunnings, also served as COO at Officeworks. His retail career started 30 years ago as a people greeter in a Target store. The Reject Shop has tapped a former senior Bunnings and Officeworks executive as its new CEO. Phil Bishop (LinkedIn).

Shopping 246

Shopping Marketing Discount Store ATS 246

Inside Retail

AUGUST 24, 2023

per cent for the year as the business continued to respond well to trading and market conditions. For the first seven weeks of FY24, sales growth has continued to benefit from strong trading from Kmart Group while sales remain in line at both Bunnings and Officeworks. The post Wesfarmers posts $2.5

Returns 246

Returns Consumer Marketing Discount Store 246

Inside Retail

AUGUST 26, 2021

Revenue at Bunnings increased 12.5 Catch’s earnings were also impacted by investments in technology, marketing and fulfilment capabilities to support further growth. “Pleasingly, sales growth from mid-March remained strong on a two-year basis across all of the Group’s retail businesses.”. per cent over the course of FY21, reaching $16.8

Net Profit 246

Net Profit Fulfillment Planning Management 246

Inside Retail

JUNE 1, 2021

Seskin, whose father, JD Sports Australia chairman Hilton Seskin, is a strategic advisor to TheDOM.com, declined to name the brands that will be available at launch, but said the team has been “hand-picking” the ones it wants to work with. “We’ve We’ve done a lot of deep research into our target audience.

Consumer 246

Consumer Markdowns Planning Shopping 246

Inside Retail

DECEMBER 13, 2023

With Zara-owner Inditex and H&M set to disclose their most recent sales results, investors will be focused on one major question: how are the two fast-fashion pioneers responding to the current market leader, Shein? Shein accounted for nearly one-fifth of the global fast-fashion market in 2022, outpacing Zara and H&M.

Fast Fashion 130

Fast Fashion Fashion Consumer Apparel 130

Wiser

JULY 18, 2023

In this blog post, we will take a look at the shopper data from this past Fourth of July holiday weekend so you can make more informed decisions during the next key selling period. This way brands and retailers know what kind of market climate they are dealing with instead of going in blind.

Consumer 148

Consumer Promotions Discount Store Apparel 148

Inside Retail

OCTOBER 26, 2022

Anything related to events is booming at the moment,” he said. Kmart divisional merchandise manager Rob Day has seen an increase in popularity of the discount department store’s Halloween range, as more families and individuals have become involved in the event. “I Parents, adults and teens getting into the spooky season.

Promotions 246

Promotions Consumer Shopping Discount Store 246

Mass Relators

JANUARY 31, 2022

Total spending on jewelry is estimated at $6.2 Online continues to be the most popular shopping destination for Valentine’s Day this year, visited by 41%, followed by department stores at 32 percent, discount stores at 28%, local small businesses at 18% and florists at 17%. billion, up from $4.1

Jewelry 105

Jewelry Department Stores Discount Store Planning 105

Inside Retail

FEBRUARY 2, 2023

It’ll be those discretionary categories – [such as] footwear, clothing, accessories and possibly even consumer electronics that will struggle [to] make gains in the market,” Mortimer said. He said that both brands have cut costs, right-sized by closing stores and exiting leases, and expanded on its private label ranges.

Department Stores 130

Department Stores Consumer Discount Store Shopping 130

Inside Retail

FEBRUARY 27, 2023

When looking only at retail spending – one of 12 categories comprising the Index – the fluctuation over the Christmas season was more evident. The most significant annual increases in retail were seen in specialty retail stores, alcohol goods, family clothing stores and discount stores. per cent) and December (+12.5

Merchant Services 130

Merchant Services Payment Services Specialty Retailers Accounting 130

Inside Retail

NOVEMBER 17, 2022

Tourists will still need to prove that they have at least three vaccination shots or provide a negative coronavirus test result within 72 hours of departure to enter the country. Executive vice president at JAL, Shimizu Shinichiro, told the publication that forward bookings increased three-fold in the week following the announcement.

Discount Store 130

Discount Store Accounting Shopping Marketing 130

Retail Focus

OCTOBER 10, 2023

Senior retail consultant at Univers Retail | Published author | Visiting lecturer. From Pop-Up Stores to Seamless Experiences The economic recession of 2008 shifted attention towards alternative retailing formats like pop-up stores. Ghalia BOUSTANI. Is it the products it offers or the way it shapes customer experiences?

Customer Experience 147

Customer Experience Brand Management Management Shopping 147

Mike Anthony

JULY 28, 2021

The IGD in the UK predicts that the discount channel will be the fastest growing grocery channel in the UK over the next five years (yes – faster than online!). Their stores are proximate to a high number of shoppers, and they are already opening more and more proximity stores. Discounters are just like other big retailers.

Shopping 147

Shopping Management Discount Store Returns 147

Inside Retail

MARCH 13, 2023

Prices are rising around the world, but while markets such as the US, UK and Australia are battling inflation rates of between six and eight per cent, consumers in the Philippines are paying as much as 15.62 Sari-sari stores are essentially neighbourhood stores, which figure prominently in lower-middle-class locations in the Philippines.

Consumer 130

Consumer Store Operations Marketing Promotions 130

Inside Retail

MAY 2, 2021

Retail brands quickly realised that it was no longer business as usual after the pandemic set in, and marketing plans, execution, creative, and channels had to be re-thought wholescale. For grocery and discount stores, we anticipate 70-80 per cent of this e-commerce surge to stick around for good.” Purpose drives purchase.

Consumer 200

Consumer Social Commerce Shopping Returns 200

Inside Retail

MARCH 20, 2023

International ‘off-price’ apparel retailer TK Maxx is set to open its first WA store in Perth’s Ocean Keys Shopping Centre in Clarkson. The flagship store will sell a range of womenswear, menswear, children’s fashion, toys, shoes, accessories and homewares products from big brands at discount prices.

Accessories 130

Accessories Apparel Fashion Planning 130

I Vend

MARCH 14, 2022

Optical retail is a large and growing global market. billion market in 2021 , nor that it is forecast to continue to grow at 6% over the next seven years. Personalisation – digital commerce gives optical retailers the opportunity to understand customer preferences, for targeted marketing.

Customer Retention 98

Customer Retention Department Stores Discount Store Target Market 98

Inside Retail

MARCH 17, 2022

Discount department store Best & Less has made its debut in the lucrative beauty category, unveiling a pink pop-up store from MCoBeauty this week. . Now also available online at Best & Less, MCoBeauty is the first beauty brand stocked at the value chain, in 120 of its stores across the country.

Fashion 130

Fashion Department Stores Apparel Marketing 130

Small Biz Trends

JULY 11, 2022

The impact of a recession on your business at times can be hard to predict. Rebalance and Revisit Stock Market Assets. Look towards products and services that are underserved in the market which you can fill with ease. Look towards technology to give you that additional edge such as opening an online store and drop shipping.

Drop-Shipping 115

Drop-Shipping Finance Payment Services Accounting 115

Inside Retail

JUNE 7, 2023

Responding to The Iconic staff underpayments last year, professor of marketing and consumer behaviour at Macquarie University, Jana Bowden told Inside Retail that brand transgressions loom large in the minds of employees and customers.

Consumer 130

Consumer Discount Store Location Management 130

Inside Retail

JUNE 28, 2022

“The dedicated toy section allows every Miniso customer to experience the immense fun and joy brought about by our toys, while enjoying the treasure hunt shopping experience in our store,” said Vincent Huang, VP of the international business department at Miniso in a statement. Expansion plans. “As The marketplace.

Inventory Turnover 130

Inventory Turnover Clienteling Social Commerce Consumer 130

365 Retail

JUNE 23, 2023

increase in April, underlining an optimistic forecast for the market. The growth in May was driven by strong performance in the non-store retailing sector, which saw sales volumes increase by a robust 2.7%. Our data shows that card-based spending at garden centres rose substantially in the month. in May, following on from a 0.5%

Discount Store 76

Discount Store Outdoor Accessories Consumer 76

Independent Retailer

APRIL 5, 2022

Just as we were beginning to see the light at the end of the tunnel with COVID restrictions and anxieties easing up, Russia’s invasion into Ukraine has stirred up not only a whole new set of anxieties, but also added onto the crippling supply chain problems, inflation, and oil prices. Snatching Up Summer Fashions at Discounted Prices.

Fashion 91

Fashion Shipping Discount Store Consumer 91

Mass Relators

JULY 11, 2024

Retailers have anticipated this early demand and are well-positioned to offer a variety of products at competitive prices.” While shopping is well underway, the majority (86%) of consumers still have at least half of their purchases left to complete. K-12 shoppers are budgeting $309.35 on average for electronics ($13.7 for shoes ($7.6

Shopping 52

Shopping Department Stores Discount Store Accessories 52

Inside Retail

NOVEMBER 17, 2021

Our inability to answer these questions with any accuracy often prevents store aesthetics from being recognised as an essential contributor to other valued metrics used to analyse performance. Assembled Market in China. Such research validates the business case for a well-designed, beautiful store.

Beauty and Health 130

Beauty and Health Supermarket Discount Store Shopping 130