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Amazon to test department stores in offline expansion

Inside Retail

Amazon.com is to open several department stores in its home US market to test the concept as it continues to build out its multichannel business model. Department stores’ share of the overall US market has fallen from 14.5 It is also testing automated, cashier-less convenience stores in several markets.

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How Rising Prices Shape Consumer Behavior

Retail Focus

Inflation has an impact on nearly every aspect of the economy, including raw material costs, wages, transportation, and, ultimately, the prices consumers pay for goods and services. Rising costs and shifts in consumer behaviors have a significant impact on the retail industry.

Consumer 130
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Selfridges: Why the best department store in the world is up for sale

Inside Retail

Why would the owners of Selfridges, generally considered to be the world’s best department store, decide to sell the business? To a far greater extent than most other department stores, Selfridges has embraced an experiential retail strategy that many industry leaders see as key to the sector’s survival. billion (AU$3.72

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OZ Hair & Beauty, H&M, Lululemon top Online CX Index’s dispatch and delivery experience

Inside Retail

” H&M: Delivery outpaces competitors by four days Meanwhile, H&M’s dispatch time outpaces its rivals in the low-priced department store segment by 1.4 Osthus also noted that retailers must ensure real-time system updates especially when shipping from both stores and warehouses to minimise order cancellations.

Checkout 264
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Rent the Runway CEO on the Evolution of Consumers and Her Company

Retail TouchPoints

” Aligning with the Demands of Today’s Consumers “Some of the language that I continue to hear when I go to many of [my go-to-market appointments] are things like, ‘What will our adjacencies be?’” Consumers are finding inspiration everywhere, and they’re more eclectic in their fashion choices. ” Hyman added.

Consumer 264
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Myer bounces back to profitability, names new chair

Inside Retail

Department store Myer has enjoyed the fruits of a rebounding retail environment in FY21, with total sales up 5.5 The business’ Myer One loyalty program has also been a solid driver of customer spending, and throughout the year Myer hit record levels of customer satisfaction in store and net promotor scores online.

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How three Aussie retailers with a US presence are navigating the market now

Inside Retail

The Nile: Scaling up our US warehousing The Nile, an Australian online department store with a focus on books, has been a prominent player in the US market for over two decades. The store holds a significant presence on major online marketplaces, including eBay, where the company boasts nearly 1 million positive feedback ratings.

Marketing 165