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Once seen as a staple of urban retail, departmentstores 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.
According to the ABS , departmentstore 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.
A strategically designed stadium-adjacent shopping and lifestyle district can activate the space and move the venue from a fortress to a living room, both on event days and non-event days. But designing a successful retail experience doesn’t simply involve placing stores and restaurants next to the stadium.
The integration will allow customers to see the availability of products at their local Bloomingdales stores while browsing their preferred brand’s website. Example of the Lucky integration. ” As parent company Macys Inc. fends off new activist investors , Bloomingdales remains a stronghold for the group.
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 departmentstores to online marketplaces. Here are just some of the trends.
When you think about shopping, it’s important to recognize the different types of stores available. Grocery stores and supermarkets provide crucial food and household items, as you shop. Convenience stores offer quick access to necessities, often at a premium.
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.
Typically, consumers seek out departmentstores and shopping centres to get in the holiday spirit but LaManna has managed to position itself as the exception. In-store, we increase our staffing levels, with extra team members focused on assisting customers in stocking shelves promptly to keep up with demand.
Like other departmentstores, Kohls has had trouble adjusting to changes in consumershopping patterns. The retailer also will cut approximately 10% of its corporate workforce, according to the Wall Street Journal and other media outlets. Net sales for the retailers Q3 2024, which ended Nov. 2, 2024, declined 8.8%
million households choosing to shop online. billion, while departmentstores saw a 28 per cent increase in online sales. Consumers spent $3.9 billion to online shopping, followed by $5.3 Online marketplaces saw Australians spending $4.2 billion on food and liquor online and $2.7 billion on fashion.
In the competition for consumer dollars, stores remain a crucial part of a successful omnichannel strategy and there is significant opportunity in the current market for retailers looking to open stores and developers looking to reimagine spaces in fresh ways. The retail vacancy rate was 4.1%
IR : You’ve mentioned a few brands in the portfolio that are quite big in Australia; is there any consumer demographic in particular in Australia that is loving these products? NA: Well, in consumer demographics, not only talking about Australia, many of our brands have extremely healthy consumer demographics.
The holiday season brings a surge in shopping, both in-store and online. Departmentstores may face large amounts of packaging materials, unsold goods and returned items, while ecommerce retailers often deal with higher volumes of cardboard boxes, bubble wrap and plastic packaging.
From barcode comparisons to instant resale authentication and artificial intelligence (AI) models guiding purchasing behaviour, the next evolution of artificial intelligence in retail isn’t happening in the cloud but on the shop floor. The AI-augmented shop floor The implications of in-store AI stretch beyond resale.
Iconic denim lifestyle brand Levi’s has unveiled a unique storefront takeover – the largest of its kind in Europe – with premium London departmentstore celebrating the campaign launch of REIIMAGINE Chapter II, featuring global icon, Beyonc.
Thailand’s malls are more than just shopping centres; they are also lifestyle attractions. The rise of retail hubs Thailand’s retail landscape has experienced major developments in recent years, with several new shopping malls opening across the country. Luxury shopping destination Emsphere opened in 2023.
Analysts point to a combustible mix of weaker consumer spending, tariff-driven cost pressures, and corporate belt-tightening as prime drivers of the bloodletting. Scenes like these underscore how quickly a single anchor departure can drain foot traffic from an entire shopping district.
Shopping is about more than just a transaction, as evidenced by our inaugural global feature on the ‘Most desirable shopping precincts’. Home to Apple’s London Campus, a 2229sqm food hall and a glass chimney lift, Battersea Power Station also has housing and hundreds of shops located in its historic turbine halls.
With consumer sentiment and discretionary spend down, many retailers are already facing reduced profit margins and a higher cost of doing business, making hefty discounting for prolonged periods a particularly costly exercise. It also provided customers with more time to shop these deals. This presents a predicament for retailers.
A year after the French luxury departmentstore originally announced it would be launching its first US location, Printemps is officially opening a brick-and-mortar store in the heart of New York Citys financial district on March 21. Unlike its other locations, the Printemps New York store will not have shop-in-shops.
After acquiring the distressed departmentstore in 2022, Boohoo Group has pivoted the once-beloved high street favourite into a new direction, reintroducing it as what it claims to be Britains leading online departmentstore with a marketplace model. How Boohoo Group is evolving and what’s next?
On April 17, Takashimaya, Japans upscale departmentstore company, released the results for its fiscal year ending February 28. A weak Chinese economy, jittery domestic consumer confidence, and a couple of overseas stores that arent exactly setting the world on fire. per cent decline in February and a 2.5
Printemps is one of the oldest departmentstores in the world, yet most Americans have never heard the name, much less know how to pronounce it. We didn’t want it to be transactional; there are plenty of beautiful places to shop in the city that are transactional, but we wanted to bring back the human touch.
The term 1-per-center refers to the wealthiest 1 per cent of consumers. Which is why Mytheresa North American president Heather Kaminetsky said the ultimate secret to catering to the 1 per cent consumer is offering them the one thing money can’t buy: time. “I That’s where we make shopping easy for them.”
The fashion industry experiences more returns than any other, with over two-thirds of consumers returning clothing or footwear in the past year. Dive Brief: E-commerce retailers with generous return policies have greater brand loyalty than those with stingier ones, according to a Rithum survey of 6,000 consumers released last month.
Right now, we’re dealing with financial strain, ongoing changes in consumer habits, and increased online competition.” We all grew up with a shop on every corner. “Australia’s rag trade continues to navigate challenging waters, but that’s retail,” Nick Gray, the founder of I Got You Consultancy, told Inside Retail.
Located at Chadstone Shopping Centre in Melbourne, the 250sqm flagship offers Gentle Monster’s full range of product and experience to Australian consumers. The store features giant head kinetic objects highlighting the brand’s compelling visual narratives.
In 1932, fledgling Florida departmentstore Bealls went bankrupt and was owned by the bank for more than 10 years. Now, nine decades later, the chain is celebrating its 110 th anniversary and is bigger and stronger than ever, with more than 650 stores across 22 states. We want to make shopping fun. said Doyle. “We
Our Place has opened its first shop-in-shop location in the UK, situated inside Selfridges on Oxford Street, London. The launch marks a significant milestone for the kitchenware brand, transitioning from a direct-to-consumer model into physical UK retail.
Non-store retailing — which includes online sales — jumped 1.7%, taking it to its highest level since February 2022. Unfortunately, with BRC data showing consumer confidence tumbled in July, sales performance over the rest of the summer is at risk. Retailers attributed these declines to lower footfall. Online sales values rose 2.3%
Around 2019, my design team and I started to look around to see if there were any opportunities to create our own consumer brand,” he said. E-commerce was booming in China at the time, and the team experimented with several small brands at lower price points that were aimed at consumers surfing sites like Taobao.
The Tangs VivoCity x Retykle three-week pop-up, part of the beloved departmentstores Earth Month programming, was a roaring success. This isnt merely a new store opening its a quiet revolution. In much of Asia, secondhand shopping has been relegated to online resale apps, dusty thrift stores, or weekend flea markets.
By adopting modular systems, retailers can demonstrate a commitment to environmental responsibility—something that resonates with modern consumers. Pop-Up Shops : Build temporary retail spaces in malls or event venues that can be assembled quickly and reused.
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.
“It’s been squeezed on all sides by superior online players like Amazon, emerging online competitors like Temu, discount departmentstores – Kmart and Big W in particular – and specialty retailers [like] Toyworld,” Bird told Inside Retail. Unlike books, electronics or fashion staples, toy shopping is inherently sensory.
A recent NielsenIQ study showed 40% of consumers are willing to use AI to enhance daily shopping decisions , highlighting a growing reliance on AI in-store. The accounting practice, embraced by departmentstores in the 1920s, is outdated, skews key metrics and fosters bad decisions, analysts say. Here’s why.
Where customers used to move through an orderly progression of steps before making a purchase in stores, they now jump in and out of various stages of “awareness” and “consideration,” seemingly at random, throughout their digital day. “The Instead, many brands are getting lost in a sea of sameness.
Travel retailers are adapting to global headwinds, shifting patterns and evolving consumer expectations,” she said. For Neville-Te Rito, it’s far more than a sleek store design or tax-free signage. Further reading: Can Saks Global recoup its losses to become a profitable departmentstore giant?
The company operates a portfolio of 85 departmentstores, 87 home improvement superstores, 695 supermarkets, 41 hypermarkets, 13 wholesale warehouses and a slew of specialty retail brands across multiple categories, totalling 3844 sales locations in all. Gross profit margin on sales for the quarter fell 40 basis points to 24.7
Nick Bubb Retailing analyst Winner: M&S M&S has been one of the winners of 2024, but it is well placed to build on its recent success in 2025, thanks to its significant investment in creating impressive food halls and the development of a weekly shop food range, as well as its stronger multi-channel positioning in clothing.
Over half of retailers say AI, data and analytics are a top priority, according to the survey of 500 consumer products and retail executives, 20,000 consumers and almost 200 CEO’s. Three-quarters of consumer product leaders report relying more on AI and analytics to make smarter investment decisions for innovation.
Myer will perform a complete overhaul of its apparel and beauty sections to tap into a younger demographic of consumers. Grab will zero in on casual wear and Australian denim brands, while 12-week only at Myer in-shop showcases will highlight seasonal ranges of outerwear, swimwear and athleisure.
With 2024s peak shopping season in the rearview mirror, consumer spending behaviours and responses to major retail sales events are coming into focus. Examining where and when people shopped reveals valuable insights for retailers as they hone their strategies ahead. per cent from the previous year.
The economy remains volatile, inflation continues to rise, and consumer confidence is on shaky ground. For brands in sectors such as apparel, Footwear, Jewelry, Sporting Goods, Home Goods, and DepartmentStores, finding the right retail pricing strategies is crucial to survival and profitability. Today’s economy is fluid.
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