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Seven & i Holdings , parent company of 7-Eleven , plans to create a new holding company for its supermarkets, specialtystores and other non-convenience store businesses. The newly named York Holdings Company would consolidate 31 businesses and eventually go public with an IPO. billion , a 1.2% drop from the $70.3
Specialtystore metrics at the companys malls reflected rising prices and higher average transaction values in Japan, with sales growth at the Japan malls of 6.2 And better yet, unlike in China, consumers in Vietnam still have an appetite for buying up merchandise rather than just coming to the mall to have a good feed.
In the wake of its failed merger with Capri Holdings , Coach parent company Tapestry is following through with its plan to move with speed and boldness to accelerate growth for our organic business, as Tapestry CEO Joanne Crevoiserat put it last November.
adults plan to celebrate Valentine’s Day this year, spending a total of $21.8 The holiday may be serving as a form of release for pent-up consumers: nearly three-quarters ( 73% ) of shoppers celebrating Valentine’s Day this year feel it is important to do so given the current state of the pandemic. Just over half ( 52% ) of U.S.
Infant stage The department store industry is nascent in India since the format (as per the usual definition) does not exist yet, Selvane Mohandas du Mnil, managing director at International Association of Department Stores (IADS), told Inside Retail.
Consortium Brand Partners (CBP), a consumer-focused investment manager, has acquired a majority ownership stake in Draper James , the fashion and lifestyle retail brand founded by actress Reese Witherspoon. Financial terms of the deal have not been disclosed.
The global retail industry was transformed overnight as stores were forced to close or severely limit in-person shopping, supply chains were disrupted and consumers faced unprecedented levels of fear and uncertainty. Our direct-to-consumer (DTC) site helped us connect directly with customers and iterate fast.
While Urban Outfitters ’ assortment is designed for consumers in their teens and early 20s, Anthropologie provides a destination for consumers’ “next generation of life,” when they’re starting careers and families, according to Chief Marketing Officer Elizabeth Preis. As a company, we place a huge premium on creativity.
Australian retailers generally fared well over the last 18 months during the Covid-19 pandemic, despite temporary store closures as part of government-imposed lockdowns, although headwinds may be on the horizon. A look at consumer sentiment and spending . Consumer sentiment fell by 3 per cent to 81.2 per cent in June 2020.
This landbank should be sufficient to serve the company’s development plans for five to seven years. The action is shifting to the regions SM Prime is committed to concentrating more resources in regional areas outside metropolitan Manila, where more than 40 per cent of the company’s mall floorspace already resides.
INTERSPORT has officially announced the global launch of its new football specialist store format, as it continues to pursue a personalised and hyperlocal approach that matches the needs of consumers in its 42 markets round the world. Further openings are already planned for 2026.
A decade after making its debut in Vietnam, Japanese retail giant Aeon is making a move into regional towns, armed with 10 years of data about local consumer behaviour and a renewed commitment to what is now its second-largest international market.
The company has 21 malls already in operation and has plans for more, with a focus on inland areas in Hubei Province and Hunan Province that are under-malled and have the potential for high growth. Specialtystore sales at the company’s six malls rose by 8.8 Cambodia has been a lot more problematic.
Specialtystore sales have dragged at Aeon’s 83 malls and have consistently been down double-digit percentages compared with 2019, particularly in the all-important apparel segment, where sales have been off close to 20 per cent over the two-year period. The three-year plan. billion yen (about $30.8
Here are five ways retailers can modify their returns practices to make a positive impact on their bottom lines: Direct consumers to physical locations to decrease costs; Automate actions that benefit the retailer. Direct Consumers To Physical Locations. Web site content must help consumers make good choices.
Regional trends This year, Aeon expects specialtystore sales in its China shopping malls to grow by 30 per cent, which would normally be a forward indicator of strongly positive leasing spreads. Meanwhile, Aeon expects specialtystore growth in both its Japan and Vietnam malls of 10 per cent this year.
Predictably, BCG found that Gen Z and millennials are increasingly turning to grocery shopping over take out and online marketplaces instead of specialtystores. That means your marketing efforts should treat each consumer as an individual, personalizing each sale. 5 Tips for Staying Relevant to Young Consumers.
Specialtystores are often a part of small retail store businesses. Unlike department stores that sell a wide variety of items, specialtystores offer niche-specific products. According to a report , small specialty retail stores have a market size of $33.4bn in the US. between 2016-2021.
With an expansive health aisle, we’re aiming to target millennials and Gen Z customers who are shopping at specialtystores or online for their sports nutrition and health ingredients by providing a convenient one-stop-shop at Coles.”. Affordability. The post Can Coles outperform gyms in the supplements category?
With an expansive health aisle, we’re aiming to target millennials and gen-z customers who are shopping at specialtystores or online for their sports nutrition and health ingredients by providing a convenient one-stop-shop at Coles.”. Affordability. The post Can Coles outperform gyms in the supplements category?
WASHINGTON – Consumers are expected to spend $25.9 This year, as consumers embrace spending on friends and loved ones, retailers are ready to help customers celebrate Valentine’s Day with memorable gifts at affordable prices.” More than half (52%) of consumersplan to celebrate and will spend an average of $192.80.
In May, the company plans to launch a multi-use, patent-pending product on its direct-to-consumer site for pre-order. In addition to the brand’s DTC website, Safely products are currently available at the University of Texas’ student shop and in several specialtystores throughout Texas.
CHICAGO – Consumer sentiment is on the rise after the unprecedented circumstances of 2020 took a toll on the financial health of many Americans. The Consumer Sentiment Index is up seven points in July 2021 compared to July 2020. IRI anticipates younger consumers will buy even more pet products in the coming year.
This was primarily due to consumers staying at home, says Neil Saunders, Managing Director and Retail Analyst. Traditionally consumers stick with traditional gifts like chocolates, candy, and flowers, along with jewelry, according to GlobalData. This was followed by online-only retailers (34%) and other specialtystores (19%).
As always, the truth resides with the consumer – in this case, runners (elite runners especially) were telling us they wanted more from their running experience. A 30-point gap in market share demanded a plan like no other. Podiatrists, physios, personal trainers, and staff in running specialtystores.
“There is no doubt that retailers have the perfect gift consumers want to purchase for the men they wish to recognize on this special day.” Half of consumersplan to purchase a gift for a father or stepfather, followed by those purchasing gifts for a husband (26%), son (10%), brother (8%), friend (8%) or grandfather (6%).
WASHINGTON — Consumersplan to spend $35.7 Consumersplan to spend $274.02 adult consumers was conducted April 3-11 and has a margin of error of plus or minus 1.1 Consumers will spend a total of $7.8 billion on Mother’s Day this year, nearly $4 billion more than last year’s record of $31.7
WASHINGTON – Consumersplan to spend a collective $24 billion on Easter this year, up from $20.8 As consumersplan to mark the occasion through a variety of traditions, retailers are dedicated to making this year a memorable holiday.” Consumers are also expected to spend $4 billion on clothing, $1.8
consumers will spend more than $20.1 The number of Americans (75 percent) who plan to celebrate the fathers, husbands and other paternal figures in their life this Father’s Day is consistent with previous years. However, consumersplan to spend a little more to treat their dads this year. percentage points.
(PRESS RELEASE) WASHINGTON — Consumers are expected to spend $25.9 This year, as consumers embrace spending on friends and loved ones, retailers are ready to help customers celebrate Valentine’s Day with memorable gifts at affordable prices.” More than half (52%) of consumersplan to celebrate and will spend an average of $192.80.
billion this year, according to the annual consumer survey by the National Retail Federation and Prosper Insights & Analytics. On average, those celebrating plan to spend $254.04 Consumers will spend a total of $7 billion on jewelry, $5.9 Consumers also plan to spend more on special outings than they have in the past.”
With many other consumer activities limited, spending on CPG goods surged almost 20 percent. But as things continue to normalize, grocery retailers will need to plan their next steps very carefully to maintain any advantage they gained. Tracking prices at local stores is not enough. Conclusion.
They were planning to spend an average $196.31, a whopping 21% over previous record of $161.96. With a positive consumer confidence, good level of savings, and growing household incomes, consumers are once again ready to pamper their friends, families and close collaborators. billion, up 32% from last year’s record $20.7
They were planning to spend an average $196.31, a whopping 21% over previous record of $161.96. With a positive consumer confidence, good level of savings, and growing household incomes, consumers are once again ready to pamper their friends, families and close collaborators. billion, up 32% from last year’s record $20.7
They were planning to spend an average $196.31, a whopping 21% over previous record of $161.96. With a positive consumer confidence, good level of savings, and growing household incomes, consumers are once again ready to pamper their friends, families and close collaborators. billion, up 32% from last year’s record $20.7
Rising consumer spending combined with higher disposable income in the last quarters of 2019, was expected to stimulate industry revenue growth, as more consumers require sporting goods for their health and fitness. In London, municipal authorities plan to go further by banning cars from some central thoroughfare.
Today’s modern retail ecosystem is dynamic, complex, and involves multiple channels like large-chain, specialty and regional stores, catalog retailers, ecommerce sites, TV shopping networks, incentive, and reward marketing channels, and B2B verticals like hospitality, travel, and more. Retail Store/Channel Size.
The new owners are retaining a previously announced plan to re-list Seiyu in the future. There is a much larger need for local store customization across Japan, reflecting that consumer purchasing patterns and product selection varying greatly between regions.
At the onset of the pandemic, bars and restaurants faced indoor gathering restrictions, driving a ton of business to grocery stores, mass retailers, and specialtystores. Indeed, one operator I spoke with plans to incorporate curbside pickup structures into any future new restaurant builds. To-go cocktails. “We
After working in the hospitality industry for more than 20 years and gaining years of buying experience, Arkwright decided it was finally time to open her own specialtystore and cafe. She teamed up with retired cheesemonger, Raymond Cotteret, in 2020 and got to work on a business plan that would make their dreams come true.
In a survey of consumers conducted by Doddle , 84% said a positive returns experience encourages them to shop with a retailer again. Conversely, 73% of consumers responding to a survey by Returnly said they would not shop with a brand again after a poor returns experience. In-Store Returns Trending Up, But Not Pouring In.
These brands are associated with positive experiences for consumers and I do think that that makes them extremely resilient,” Radic said in an interview with Retail TouchPoints. The bottom line: there’s no single linear “path” beauty brands should take to prove that they’re building products and experiences that consumers will love.
If your DTC brand is like Kettle & Fire, you’re probably good at marketing, and with a product that solves problems for consumers, your brand will grow strong for the first five years. Everything is going according to plan. TV purchased without a plan can be a huge waste of money. How do you reach those people?
Growth can be a challenge, particularly when there’s new leadership at a company with brands that date back as far as two centuries as well as wide distribution across mass, department and specialtystore and e-Commerce channels. We put a lot more content into our direct-to-consumer sites. Regan Iglesia.
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