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Japanese departmentstore Matsuya has introduced a digital platform with a click-and-collect service including tax refunds in a bid to tap into the growth of international tourists. Established in 1874 as a kimono retailer, Matsuya Co operates departmentstores in Tokyo’s Ginza and Asakusa districts.
Wirth’s leadership has focused on in-store enhancements, customer loyalty, and curated brand partnerships, helping Myer adapt to and anticipate market shifts,” she added. In his view, successful brands are those that answer the customer’s question, or in other words, meet the customer’s demand. “If
What people think about when they focus on retail innovation is the tech side of the business — next-generation marketing tools, cutting-edge last mile vehicles, frictionless checkout — but there is still plenty of innovation happening in the more foundational strategies of running a retail business. Its Aii of 78.8
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The nursery retailer has inked a multi-store supply agreement with PT MAP Active and Central DepartmentStore Group in Thailand. It builds on Mamas & Papas’ international expansion plans, which saw two new locations pop up in El Corte Ingles stores in Madrid and Malaga Spain following a successful trial in Valencia.
It’s no secret that many companies rely heavily on consumer-generated data to inform many activities, from product development and strategic planning to targetedmarketing campaigns. Marketers everywhere are talking about it. The essence of personalisation Picture a scenario, you’re in a departmentstore.
Segmentation is core to many marketing functions. In fact, it is one of the first things we teach in undergraduate marketing courses, as part of the segmentation-targeting-positioning (STP) process we teach as an introduction to marketing strategy. I have experienced this personally multiple times recently.
From Spanx’s Sara Blakely to Glossier’s Emily Weiss, some of the most successful female founders in retail today struggled to raise funds in their early days because the majority-male panels they were pitching simply didn’t ‘get’ their business or targetmarkets. It’s a sadly common story.
Optical retail is a large and growing global market. billion market in 2021 , nor that it is forecast to continue to grow at 6% over the next seven years. Personalisation – digital commerce gives optical retailers the opportunity to understand customer preferences, for targetedmarketing.
Audience segmentation is the process of dividing a large group of potential customers into smaller, more targeted groups based on shared characteristics or behaviors. The importance of segmentation in in-storemarketing cannot be overstated. The importance of audience segmentation in in-storemarketing. . .
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Whilst the market might look pretty damp heading into this year, there are plenty of opportunities to reach new audiences within your targetmarket and optimise sales activity, fuelling crucial growth. 82% of UK businesses are targeting significant growth in 2023 despite economic factors.
One of the primary advantages is that it allows for the expansion of market presence without the significant investment required to establish a standalone store. It provides an avenue for guest brands to reach new audiences and demographics, and to benefit from the established foot traffic and customer base of the host store.
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Retail Consultant | Published author | Visiting lecturer Mass brand premiumisation has emerged as a pivotal trend in recent years, with brands striving to secure higher-value market segments while retaining their broad consumer appeal. Above all, it serves as a means to enhance their market positioning.
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