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Experts discuss Printemps’ chance of success in the US retail market

Inside Retail

A year after the French luxury department store originally announced it would be launching its first US location, Printemps is officially opening a brick-and-mortar store in the heart of New York Citys financial district on March 21. Department stores havent had the best reputation the last few years.

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The “Great Mall Resurgence” in the American retail market

Inside Retail

Besides the removal of pandemic-induced restrictions on brick-and-mortar shopping, there has been a boom in customers returning back to the mall thanks to several factors, like an increase in desire, especially amongst younger shoppers, for in-person experiences. In the past, the big department stores were the main attractions.

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Secrets of selling to the 1 per cent

Inside Retail

The US luxury retail market was worth US$134.6 billion last year, retail analyst and GlobalData managing director Neil Saunders told Inside Retail. Experiential retail at its highest,” Driscoll noted, “is a strategy employed by many purveyors of luxury products.”

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When Customers Aren’t Holiday Shopping, They’ll be Streaming

Retail TouchPoints

The winter holiday season is a critical time for retail. 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. Emarketer anticipates that holiday retail sales will grow 4.5%

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How Canningvale plans to take Robinsons Singapore back to its roots

Inside Retail

Fast-growing Australian online retailer Canningvale plans to relaunch the iconic Singaporean department store Robinsons as an online-only business this month after acquiring the company’s digital assets for an undisclosed sum. Returning to its roots. The future of department stores. ” .

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4 Tips for Retail Businesses Hungry for Venture Capital Funding

Retail TouchPoints

RevTech Ventures , an early-stage venture capital firm that invests in both retailers and retail technology, sees potential in numerous areas. “We Investors are looking for capital-efficient consumer businesses; there’s been a return to looking for good unit economics and business fundamentals.”

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Amazon’s Move Into the Malls

Retail TouchPoints

As more retail chains file for bankruptcy and close more stores amidst the ongoing pandemic, Amazon is looking for opportunities among the ruins. . Amazon can display larger items, on which return rates are high, and which can benefit from such showrooming. So are all these developments good for consumers?