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What’s driving the transformation of China’s department stores?

Inside Retail

Slower revenue growth, shrinking profit margins, and a dwindling share in the national retail economy have pushed many operators to re-evaluate their strategies. Several legacy stores have closed or been absorbed into larger retail groups. The post Whats driving the transformation of Chinas department stores?

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Data Capital: The Competitive Weapon Most Retailers Have Yet To Fully Monetize

Retail TouchPoints

Take a look at the net profits of most traditional retailers. They’re also enhancing analytic capabilities to improve demand forecasting while targeting consumers with personalized promotions and other engagement efforts. Think that’s a reach? For example, that can be as low as 2% in the grocery sector.