Inside Retail

JULY 22, 2021

Department store Myer has signed a ten-year lease on a new 40,000 sqm warehouse which will serve as the 120-year-old business’ new national distribution centre.

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Inside Retail

SEPTEMBER 16, 2021

Myer’s online sales have more than doubled since John King took over running the department store in 2018, and the CEO believes they can double again to reach $1 billion in the not-too-distant future. The post How Myer plans to reach $1 billion in online sales appeared first on Inside Retail. Myer reported $539.5 billion. “I

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Inside Retail

SEPTEMBER 18, 2024

Aptos develops and delivers unified commerce solutions for specialty softlines, hardlines and department store chains in North America, Europe, Asia and ANZ. Aptos One, our Cloud POS solution , delivers unified experiences through the store. Does Aptos have any exciting plans for the next 12 months?

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Retail TouchPoints

MAY 6, 2021

Yet as pundits ponder the death of the department store, the industry is racing to reimagine where and how it sells goods. But many retailers are seeing opportunities in using those locations as micro-fulfillment centers. Some 300 of Tesco’s 7,200 stores fulfill orders in a similar fashion. In the U.S., In the U.S.,

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Mass Relators

AUGUST 20, 2021

Citing people familiar with the plans, The Wall Street Journal reported that Amazon intends to open retail locations that would operate much like department stores, selling apparel, personal-technology gadgets, household items and other merchandise, and handling returns. Fulfillment costs are rising. Penney and Sears.

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365 Retail

JANUARY 4, 2022

Thai group Central and real estate business Signa now have a portfolio of 18 department stores, including Selfridges in London, Manchester and Birmingham, de Bijenkorf in Netherlands, Brown Thomas and Arnotts in Ireland.

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Retail TouchPoints

AUGUST 30, 2021

Target’s Store-Based Fulfillment Model Drives Convenience. The secret to Target’s success is the retailer’s expertise at utilizing its stores for fulfillment, whether as a staging ground for last mile delivery or an efficient curbside pickup hub. Target’s physical comparable sales grew 8.9% Foot Locker managed solid 6.9%

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Retail TouchPoints

APRIL 29, 2022

Target has been experimenting with increasingly smaller concepts since 2020, when it began exploring sites for 6,000 -square-foot stores — half its then-current minimum size — as the retailer put more emphasis on curbside pickup and store-based fulfillment.

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Retail TouchPoints

FEBRUARY 23, 2021

Macy’s Q4 and full-year 2020 results show signs of a turnaround for the department store, hard hit, like many of its counterparts, by the COVID-19 pandemic. 22 Macy’s announced plans to close 45 stores by mid-2021, according to CNBC , part of a previously announced plan to close 125 locations by 2023.

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Retail Wire

SEPTEMBER 22, 2021

Macy’s announced plans to hire 76,000 full- and part-time workers ahead of the Christmas selling season. The department store retailer said about 21,200 of the new hires will be put to work in its fulfillment centers. About 28,000 positions will extend beyond the holidays.

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Retail TouchPoints

SEPTEMBER 29, 2022

A little less than year after first announcing its plans, Macy’s has joined the ranks of other major retailers such as Walmart and Target with the debut of its own third-party marketplace.

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Inside Retail

MARCH 10, 2022

After a rollercoaster six months of lockdowns, Christmas and Omicron, department store Myer yesterday delivered a strong half year result with net profit up 55 per cent and its first dividend payment since FY17. This will ensure we’re getting products to our customers in the quickest and most effective way,” King said.

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Retail TouchPoints

OCTOBER 10, 2024

That means we have opportunities lost at the store because we don’t have the right size, and replenishment is driven by what corporate believes is in system. If sizes have been messed up for whatever reason at our stores, we’re not going to be planning properly and not going to be selling properly.”

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Retail TouchPoints

JULY 9, 2024

JCPenney has faced the same challenges that bedevil the entire department store vertical, ranging from lower foot traffic at malls to the high operating costs that come with significant brick-and-mortar investments. distribution center with a new induction, sorting and packing system.

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Inside Retail

JUNE 2, 2021

Bunnings recently opened the first new format Adelaide Tools store in Parafield, South Australia. It plans to open the first Adelaide Tools store outside of South Australia in Western Australia in the first half of FY22. “A Kmart, Target and Catch working smarter, not harder. We see the Target brand as our key asset.

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Retail TouchPoints

NOVEMBER 8, 2022

Kohl’s CEO Michelle Gass will leave the department store retailer to take on the newly created position of President, LS&Co., The move sets in motion a succession plan for Gass to succeed Bergh as CEO within the next 18 months. reporting to Levi Strauss & Co. President and CEO Chip Bergh. Beginning Jan. Beginning Jan.

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Retail TouchPoints

DECEMBER 16, 2022

Department stores saw a 2.9% decline, furniture and home furnishings stores reported a 2.6% increase in sales, while health and personal care stores saw a 0.7% The decline occurred despite muted inflation of just 0.1% , according to the Bureau of Labor Statistics’ Consumer Price Index (CPI).

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Retail TouchPoints

JULY 28, 2021

While suburban shopping malls and department stores have fallen victim to COVID, some smaller retail brands and local stores in walkable neighborhoods with a mix of uses, where people live, work, shop and relax, have thrived ( LA Times , 2020). By fulfilling one situational need, we removed another one — human connection.

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Retail Times

JUNE 8, 2021

Thanks to its recent digital transformation with Blue Yonder’s cloud-based Luminate™ Planning, HEMA, a leading department store retailer, was able to improve its demand forecasting and fulfilment capabilities to meet those customer demands.

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Retail TouchPoints

MAY 6, 2024

Shoppers using the Kohl’s Instacart storefront can earn Kohl’s Rewards on these orders, which are priced the same for delivery and in-store purchase. Kohl’s hosted Sephora shop-in-shops in more than 900 stores at the end of 2023 and plans to have them in all 1,170 stores by 2025.

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Retail TouchPoints

MAY 29, 2020

Q1 2020 financial results for Costco , Nordstrom and Abercrombie & Fitch encapsulate how three retail verticals — club, department and specialty apparel — are weathering the COVID-19 pandemic. Costco reported a successful quarter, while Nordstrom and Abercrombie discussed plans to handle the fallout. Costco posted a 7.3%

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Inside Retail

JANUARY 23, 2022

The first store will open later this year at The Americana at Brand, a shopping centre in Los Angeles, and reportedly be around 30,000 square feet – much smaller than a typical department store, which is around 100,000 square feet. Amazon has not shared the names of any labels that it plans to carry in the store.

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Retail TouchPoints

DECEMBER 16, 2020

Amazon recently announced that it is in talks with mall operators such as Simon Property Group to convert the vacant store space left by the closure of big department stores into warehouses and fulfillment centers. Amazon also has plans for a foray into retail grocery, a model quite different from that of Whole Foods.

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Inside Retail

SEPTEMBER 13, 2021

The closure or conversion of 144 Target stores in FY21 has left the retailer with a network of around 140 stores today, a much smaller business that is simpler and less costly to run with a stronger focus on digital sales. Pearson believes this hybrid fulfilment model gives Target an advantage over other retailers.

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Inside Retail

AUGUST 26, 2021

“Kmart and Target earnings growth [of 69 per cent to $693 million] was driven by higher sales, lower clearance costs and an improvement in the cost of doing business as a result of planned network changes,” Scott said. Likewise, Officeworks’ revenue jumped 8.7

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Retail TouchPoints

JANUARY 24, 2024

Millennials and Gen Z want not only attractive stores but also a dynamic, engaging environment — creating a threshold effect, drawing people in from the storefront window with the promise of an experiential journey and memorable impact.

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Retail TouchPoints

FEBRUARY 28, 2022

Department stores get their name from the fact that they contained specialized stores-within-stores where experts in particular products — jewelry, clothing and cosmetics — would interact with customers to ensure that they got the correct products. Live agents also personalize without effort.

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Inside Retail

FEBRUARY 19, 2024

Spearheading this move are two flagship stores nestled in prime locations: one at the prestigious Shin Kong Mitsukoshi department store in Taipei’s vibrant Xinyi Xintiandi district, and the other at the iconic Dubai Mall. Its location in Taipei was designed after careful consideration of Shin Kong Mitsukoshi A8 shoppers.

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Inside Retail

NOVEMBER 24, 2021

We wanted to bring fulfillment in-house as a core capability because we were having some service difficulties [with suppliers], because no one’s going to love your business like you do and respect your customers as much,” Young said. We can be truly innovative and try things that we couldn’t before,” he said.

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Retail TouchPoints

JANUARY 20, 2022

Amazon has announced plans for its first-ever physical fashion store — dubbed Amazon Style — which will feature women’s and men’s apparel, shoes and accessories. The first Amazon Style store is set to open later this year at The Americana at Brand shopping mall in Los Angeles. “We

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365 Retail

SEPTEMBER 15, 2021

The John Lewis Partnership has revealed plans to recruit more than 7,000 temporary roles across the country this Christmas. The hires will be spread across its supermarkets, department stores and fulfilment centres, including delivery drivers for its online grocery division. Paul Grover/PA).

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Inside Retail

MAY 29, 2023

He believes the company’s plan to have zero emissions by 2040 is leading the way in sustainability, in terms of its business model and ethical sourcing strategies. Innovation is key Meanwhile, closer to home, Walmart recently opened its first high-tech market fulfilment centre (MFC) in Arkansas.

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Inside Retail

NOVEMBER 17, 2024

He says grocery retailers, supermarkets and department stores are adopting the automated system to give customers more freedom. So are the procurement process, budgeting, and then your merchandising planning.” In the past, many retailers were content with their outdated solutions fulfilling basic business operations.

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Retail Gazette

JUNE 25, 2024

The refit is underpinned by the retailer’s Asset Reclaim Centre, which stores and provides recovered fixtures and fittings for reuse. This includes a £30m investment in its London store estate. John Lewis Sister chain John Lewis will also push the button on new store fits in some of its locations this autumn.

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Inside Retail

JUNE 27, 2023

In an interview with Inside Retail , he discussed how CBCH and TDE are rebounding following collapse, as well as his plans to expand in the years to come. Then [we can] build the international side of it, open half a dozen flagship stores and look at concessions in other outlets like department stores and inside airports. “It

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Retail TouchPoints

OCTOBER 6, 2022

But despite the rush, retailers still have multiple opportunities to maximize both in-store sales and online conversions. YOY growth this holiday season, whereas department stores will only see a 0.3% Focus on bringing people back to stores: In-store retail sales are expected to increase 7.9%

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Retail Focus

APRIL 20, 2021

We are likely to see these stores, in addition to supporting the online offering, act as event spaces and hubs for local activity. . These stores will act primarily as showrooms, where shoppers can see products, interact with staff and order items for home delivery. .

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