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Myer’s net profit tumbles as labour, marketing costs increase

Inside Retail

The department store chain noted incurring higher employee costs, higher support office costs related to a new marketing agency and a separate investment in transformation capabilities. billion, attributed to mixed trading conditions, store closures, and Myer Exclusive Brands stock trapped at its national distribution centre.

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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. Market struggles Chinas department-store sector has long been a foundational part of the countrys commercial infrastructure, but in recent years, it has been under mounting pressure.

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Services and the mid-market: Takashimaya’s post-tourism plan

Inside Retail

On April 17, Takashimaya, Japans upscale department store company, released the results for its fiscal year ending February 28. At these big stores,15 per cent of the customer base, on average, were international tourists who spent big on duty-free; that percentage was up to almost 30 per cent in Osaka.

Planning 130
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What to learn from Bunnings’ move into Australia’s $3bn retail media market

Inside Retail

The monetisation of retail assets has come a long way since department stores like Myer and David Jones first sold physical space within their stores. Retail media allows brands to target shoppers at or near the point of purchase, leveraging a retailers first-party data to deliver relevant, conversion-focused marketing.

Marketing 240
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Macy’s to Adapt Best-Seller About Department Store Icons into TV Series

Retail TouchPoints

The retailer plans to develop the non-fiction book into a fictionalized television series and is already on the hunt for a showrunner and talent. Still, scripted television is a new realm for the department store, and certainly not the kind of project that most retailers would take on.

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Steve Madden Buys Kurt Geiger for $364.1 Million

Retail TouchPoints

store last month , with another five in development and plans to eventually operate 50 locations in the region. Additionally, Kurt Geiger operates footwear concessions inside luxury and premium department stores in the UK, including Harrods and Selfridges , where it sells both its own and third-party brands.

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New Activist Investor Pushes Macy’s to ‘Look to Dillard’s’ for Better Path Forward

Retail TouchPoints

To address this problem, Barington believes Macys should form a separate real estate subsidiary to optimize the value of its real estate portfolio as well as significantly reduce capital expenditures , following the example of its department store peer Dillards. (In Since fiscal year 2014, Macys has spent $9.7

Returns 297