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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.

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Myer sees elevated annual sales, but is cautious amid economic headwinds

Inside Retail

Department store chain Myer delivered its highest full-year sales since 2005 this year but remains cautious as consumer spending declines due to unfavourable economic conditions. per cent of total sales – and a 10 per cent increase in productivity gains at physical stores. ” Net profit rose 18.2 per cent.

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To Thrive in the New Global Ecommerce Marketplace, Toys ‘R’ Us may Need to Think Small

Retail TouchPoints

We are thrilled to be taking the reins of the world’s leading toy brand at a time when the category is up 16% and consumer demand for toys is at an all-time high. Profits at Barbie and Hot Wheels firm Mattel were $126.6 LEGO also reported a strong year with net profit up almost 20% to DKK 9.9 You Can’t Beat Marketplaces.

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Data Capital: The Competitive Weapon Most Retailers Have Yet To Fully Monetize

Retail TouchPoints

Traditional retailers are sitting on a powerful competitive weapon, and they’ll continue to operate less efficiently, lose market share and leave millions in new revenue streams and profits on the table unless they pull the trigger. The Profit’s In The Data. Take a look at the net profits of most traditional retailers.

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Retail appointments of the week: Puma, Nike, Tory Burch

Inside Retail

The three will report to Heidi O’Neill, president, consumer, product and brand at Nike. In addition, Dr Muge Erdirik Dogan will join Nike as chief technology officer, effective November 27, to boost the quality of consumer experiences with products, platforms, and services. billion in revenue last year with a net profit of US$216.6

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CVS exceeds predictions for quarter

Mass Relators

CVS Health reported a net profit of $2.14 Operating income declined 2.8% The decline in operating income was partially offset by the absence of a $484 million opioid litigation charge recorded in the prior year. billion, or $1.65 a share, compared with $2.36 billion, or $1.77 a share, in the year-ago quarter.

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CVS Health’s Q1 results beat forecasts

Mass Relators

CVS reported a net profit for the quarter of $2.14 Operating income decreased 2.8% primarily due to the write-down of the Omnicare long-term care business, a decrease in adjusted operating income and an increase in acquisition-related transaction and integration costs compared to the prior year. billion, or $1.65