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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. Consumer confidence is weak and getting worse. There are other indicators too that specialty stores are gaining market share. per cent for the year as a whole.

Consumer 130
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Australians return to the malls despite a plunge in consumer confidence

Inside Retail

Comparable sales of major retailers and specialty stores were up by 11.2 Scentre group’s figures came out on the same day as the latest consumer confidence data from Westpac shows a decline of 5.6 The post Australians return to the malls despite a plunge in consumer confidence appeared first on Inside Retail.

Returns 264
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Aeon Mall hits the right note in Japan and Vietnam, but China is still problematic

Inside Retail

Specialty store 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.

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Tapestry Offloads Stuart Weitzman to Famous Footwear Parent Company Caleres

Retail TouchPoints

Caleres operates 1,000 of its own stores, and its brands also are sold at department and specialty stores across the country as well as across 15 ecommerce sites. The acquisition of Stuart Weitzman advances our strategic agenda to grow our brand portfolio segment with more global and direct-to-consumer reach.

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7-Eleven Parent Plans Corporate Restructuring to Sharpen Focus on Convenience Business

Retail TouchPoints

Seven & i Holdings , parent company of 7-Eleven , plans to create a new holding company for its supermarkets, specialty stores and other non-convenience store businesses. Additionally, Seven & i plans to rename itself as the 7-Eleven Corporation as it focuses more intently on its global convenience store business.

Planning 261
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Funday founder on how retail has changed since Covid – and remained the same

Inside Retail

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.

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NRF: 52% of Shoppers Celebrating Valentine’s Day, Spending a Combined $21.8 Billion

Retail TouchPoints

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. adults plan to celebrate Valentine’s Day this year, spending a total of $21.8