Retail Focus

SEPTEMBER 15, 2021

The huge increase in online shopping over the past decade or so has had a major impact on department stores, with many consumers turning to Amazon, eBay and other online shops for shopping, rather than a more traditional trip out to a physical store. Changing culture of shopping.

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Inside Retail

JULY 23, 2024

The long-anticipated deal between Saks Fifth Avenue and Neiman Marcus could create the ultimate department store behemoth at a time when legacy players are facing increased competition from luxury e-commerce companies and a new generation of high-end brands blending premium products with immersive experiences. billion deal.

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Retail TouchPoints

NOVEMBER 12, 2024

Iconic British department store Harrods has partnered with the Global-e international ecommerce platform to improve its online operations in more than 200 markets worldwide and offer customers elevated, localized shopping experiences.

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Inside Retail

NOVEMBER 4, 2024

The downfall of the almost 40-year-old business raises the question of whether this is a sign of things to come as retailers struggle to compete with the increasing e-commerce capabilities and convenience of retail goliaths on the global market, or whether it is a case of Harrolds facing a ‘perfect storm’ of challenges on multiple fronts.

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Inside Retail

JUNE 4, 2023

Myer’s CEO and MD John King has announced he will retire in the second half of the 2024 calendar year and return to the US. In an ASX announcement, the department store’s board thanked King for his “extraordinary contribution” and added that his decision to leave is based on “being with his family as their health circumstances demand.”

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Department Stores Specialty Retailers Returns Planning 264

Inside Retail

SEPTEMBER 26, 2022

Department stores globally are adjusting their product offer to reflect rapid changes in the menswear category as the impact of the Covid-19 pandemic on the category wears off. But last year menswear rebounded to its pre-pandemic levels, reaching on average 14 per cent of total department-store sales.

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Inside Retail

NOVEMBER 22, 2022

Isetan-Mitsukoshi is a storied department store chain with 15 units in Japan, including five in the Tokyo metropolitan area. One of them, the Isetan flagship in Shinjuku, boasts the highest sales of any department store in Japan. Sales at Isetan-Mitsukoshi’s Tokyo metro stores are up 33.3 billion yen, or about $2.5

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Inside Retail

FEBRUARY 2, 2023

The biggest swing occurred in department store spending, which saw a 14.3 Especially in department stores, where the consumer appetite to spend appears to have fallen so dramatically between November and December? I think we’ll start to see a return to normality,” Mortimer told Inside Retail. “I

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Retail TouchPoints

FEBRUARY 10, 2023

In 1999, the company was acquired by Louis Vuitton Möet Hennessy , but perhaps its biggest brush with fame occurred in 1997 when Princess Diana made a surprise visit to the brand’s newly opened counter at the famed Harrod’s department store. In today’s marketing landscape, there’s so much access to customer data.

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Inside Retail

SEPTEMBER 19, 2024

Myer saw a decline in net profit in the last fiscal year due to the underperformance of Sass&Bide, Marcs, and David Lawrence, inflationary pressures, and store closures. The department store chain’s net profit fell 26 per cent to $52.6 million as sales dipped 2.9 per cent to $3.27 million, which accounted for 21.6

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Inside Retail

SEPTEMBER 13, 2023

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. . Myer’s total sales grew 12.2 per cent to $3.36

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Retail TouchPoints

SEPTEMBER 20, 2022

of the retailer’s stock by Mexican luxury department store Liverpool. 30, 2022 will have the right to purchase shares of Nordstrom common stock at a 50% discount to the then-current market price. The Nordstrom Board of Directors has adopted a one-year shareholder rights plan, a.k.a. The Liverpool stock purchase, valued at $293.8

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Inside Retail

APRIL 26, 2021

Fulfilment by GlamCorner now sees the platform handling the logistics of clothing rental on behalf of fashion brands, including warehousing, cleaning, shipping and returns, and giving brands their own rental stores, which they can embed in their e-commerce sites and promote to customers. The ‘Attenborough’ effect.

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Retail TouchPoints

NOVEMBER 22, 2022

Beloved New York City off-price department store Century 21 has partnered with logistics provider Fillogic ahead of its spring 2023 relaunch. The NYC-headquartered Fillogic will support the retailer through ecommerce and store-based fulfillment, reverse logistics and returns, forward-staging of inventory and final-mile delivery.

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Retail TouchPoints

MARCH 2, 2021

Macy’s updated its “Polaris” growth strategy in late February 2021 as it announced better-than-expected Q4 2020 results, marking a return to profitability for the department store chain.

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Inside Retail

OCTOBER 20, 2024

How do you market to the customer who can get anything they want anytime they want it? The US luxury retail market was worth US$134.6 Ultimately, the goal is to leave the shopper with a “souvenir” experience that, in turn, will create positive memories and a desire to return.

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Retail TouchPoints

SEPTEMBER 5, 2024

The deal includes a pro-rata payment to Nordstrom to buy out its minority interest in the brands , which the department store acquired as part of a previous joint venture with Asos back in July 2021. The new joint venture would see Asos retain a 25% share of the business.

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Retail TouchPoints

APRIL 4, 2022

JCPenney is celebrating its 120 th anniversary with a fresh campaign centered on retail’s return: “Shopping is Back!” The JCPenney brand holds an incredibly special place in millions of Americans’ closets, homes and memories,” said Bill Cunningham, VP of Marketing in a statement. “We

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Shopping Department Stores Fulfillment Returns 312

Retail TouchPoints

AUGUST 30, 2021

Retail rode strong into Q2 2021 as shoppers returned to stores even as digital sales remained elevated. Macy’s off-mall concepts such as Market by Macy’s can further scale the department store’s digital operations by attracting shoppers to stores in additional areas, according to Nikhil Mitter, Group Creative Director at R/GA.

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Inside Retail

MARCH 27, 2023

These figures came amid the important ‘ back to school’ trading period, as kids returned to in-person learning. But as we return to a more normalised world, the results [Peter Alexander] continue to deliver is fantastic,” he said. Absolutely] the return to the malls and high street is very consistent with other retailers,” Walker said.

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Retail TouchPoints

JANUARY 26, 2022

The reality is that the luxury market, especially as it relates to the 1%-10%, is untouched, as people still want the latest and greatest brands have to offer. Brand loyalty and brand relationships remain central to the longevity of success in the market. D:R Currently, Gen Z is the biggest growing market right now.

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Retail TouchPoints

MARCH 24, 2022

Department store chains in all countries continue to lose overall share, though most had a burst of sales in the summer when most countries relaxed COVID-19 restrictions,” Marcotte wrote. “The Retailers in this channel have been replaced by cash-and-carry concepts in some markets.”.

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Retail TouchPoints

JANUARY 9, 2023

The closures are part of the retailer’s Polaris growth strategy , which aims to stabilize the department store as it pursues a return to growth. The Polaris strategy, which involves a combination of customer, operations and store footprint-based initiatives, has had mixed success.

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Department Stores Location Returns Fashion 273

Inside Retail

MARCH 14, 2024

King is now set to retire in June after successfully stabilising Myer’s sales, returning dividends to shareholders and the board’s announcement of its appointment of Olivia Wirth as its new executive chair, marking a new era for Myer.

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Retail TouchPoints

NOVEMBER 21, 2023

November and December holiday sales average around 19% of total retail sales, per the NRF , and this share can be even higher for some department stores and specialty retailers. The NRF reported that 122 million people visited retail stores over Thanksgiving weekend last year, a 17% YoY increase during this five-day period.

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Retail Gazette

DECEMBER 22, 2024

The return of its Never Knowingly Undersold promise and the de-emphasis of its cannibalistic Anyday range is re-establishing the department store as a place for quality products at the right price. Primark is more fashionable, Uniqlo does basics better, Shein is cheaper.

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Department Stores Supermarket Returns Fashion 110

Retail TouchPoints

APRIL 6, 2022

Retailers closed a record 12,200 stores in 2020, with an outsize share coming from malls and one-third of the total from department stores specifically, according to data from CoStar Group. market “will be seen as a safe haven” as international retailers pull out of Russia due to the war in Ukraine.

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Inside Retail

JANUARY 23, 2023

Luxury spending by Chinese nationals had dipped from 33 per cent of the global personal luxury goods market in 2019 to as little as 17 per cent last year, according to estimates from consultancy Bain. Richemont missed market estimates after sales in China plunged by a quarter. Many stores reduced hours or closed temporarily.

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Retail Gazette

MARCH 17, 2025

Fenwick has enlisted restructuring experts from AlixPartners to help address ongoing financial challenges, as the department store chain faces mounting losses and cost pressures. The family-owned retailer, which operates eight department stores across the UK, reported a pre-tax loss of 38.1m decline in sales.

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Retail TouchPoints

APRIL 25, 2023

All money raised will go directly to Women for Women International; An outdoor furniture fair ; and A reimagined Stock Market in the Corner Shop from May 15 to June 4, 2023, where items can be valued, traded, repaired or upcycled.

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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., She spearheaded strategic innovations including the introduction of Amazon returns and the retailer’s long-term strategic partnership with Sephora , which has expanded to 600 Sephora at Kohl’s shops.

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Inside Retail

SEPTEMBER 20, 2024

Myer’s executive chair Olivia Wirth gave her first full-year earnings report to investors on Friday since officially stepping into the top job at the department store chain on June 4. Wirth’s objective is to identify opportunities to “deliver a step-change in Myer’s market position and generate strategic and financial benefits”.

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Retail TouchPoints

FEBRUARY 22, 2023

Mardi Najafi, Figure3: We’ve seen a shift in priorities over the course of the last five years or so, with the decrease in traffic to big anchor tenants in the mall – namely department stores – partly due to their late pivot to a seamless, omnichannel approach. TimeOut Markets ).

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Inside Retail

JUNE 2, 2021

Bunnings tapping into tradie market. Bunnings is looking to improve the customer experience for its trade customers with an expanded range of specialty products, tailored customer service desks in stores, dedicated self-checkout, load-and-go spaces and a fully transactional e-commerce site. “A Here are three key takeaways.

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Inside Retail

JUNE 1, 2021

Amazon’s former senior vice president Jeff Blackburn will return to oversee content and M&A. The Chinese market regulator has fined Alibaba-backed Nice Tuan 1.5 The State Administration for Market Regulation (SAMR) found that Nice Tuan sold pears at 0.99 Alibaba-backed Nice Tuan fined for fraud.

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Department Stores Promotions Returns Fashion 240

365 Retail

SEPTEMBER 30, 2021

Online fashion giant Boohoo has revealed it doubled its market share in the UK and US since the start of the pandemic but profits plunged following heavy investment during the year. The post Boohoo doubles its market share in the UK and US appeared first on 365 RETAIL | Retail News. Sales rose 20% to £975.9

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Marketing Drop-Shipping Department Stores Returns 119

365 Retail

SEPTEMBER 15, 2021

The huge increase in online shopping over the past decade or so has had a major impact on department stores, with many consumers turning to Amazon, eBay and other online shops for shopping, rather than a more traditional trip out to a physical store. Changing culture of shopping.

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