article thumbnail

What’s driving the transformation of China’s department stores?

Inside Retail

Once seen as a staple of urban retail, department stores in China are undergoing a transformative reinvention. With malls, e-commerce giants, and niche retailers vying for consumer attention, these legacy institutions must reimagine their purpose in an increasingly digital and experience-driven retail environment.

article thumbnail

The AI Pricing Debate: Balancing Retail Innovation and Consumer Trust

Retail TouchPoints

This development follows efforts by major brands like Wendy’s and Walmart to implement real-time pricing technologies, raising questions about AI and consumer protection, privacy, and fair practices. Another compelling example comes from a leading department store that implemented AI pricing across its physical and digital channels.

Consumer 306
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Can Saks Global recoup its losses to become a profitable department store giant?

Inside Retail

This time last year, the retail industry was buzzing about the establishment of Saks Global, a combined retail and real estate asset that brought together some of the country’s best-known luxury department stores, including Saks Fifth Avenue, Saks Off 5th, Neiman Marcus and Bergdorf Goodman.

article thumbnail

Myer’s sales decline despite higher online sales

Inside Retail

The department store chain booked sales of $1.59 per cent, impacted by the temporary closure of the Werribee store from February 14 to November 29. Its online store sales rose 2.8 Myer’s sales declined in the 22 weeks ended December 28 amid challenging trading conditions. billion, down 0.8

article thumbnail

Japan’s retail sector faces challenges amid weak consumer confidence

Inside Retail

It all adds up to a nasty bite to the pocketbook of consumers everywhere who are looking to shower one of the worlds favourite romantic gifts on their loved ones. Chocolate isnt everything A worldwide scarcity of cocoa isnt the only thing thats bothering Japans department stores though. per cent mini-bubble in 2023.

Consumer 130
article thumbnail

Why consumer spending in one retail category is outpacing all others

Inside Retail

Consumers attracted to value and convenience The year-on-year growth in general retail purchases has bucked recent trends. As a CommBank iQ spending category, general retail covers more than 10 sub-segments, from pet, discount and department stores to online marketplaces. Here are just some of the trends.

Consumer 147
article thumbnail

ABS data shows retail sales surged 3.3 per cent in May

Inside Retail

According to the ABS , department store spending increased by 3.7 With the cost-of-living pressures still plaguing Australians, consumers have turned to online retailers to hunt for bargains, with online non-food-related retail sales surging nearly 11 per cent this year. per cent and 2.58 per cent, respectively.