Inside Retail

JANUARY 4, 2024

So as more and more retailers integrate the benefits of AI into their growth strategy, what will be next for this transformative technology? Today’s consumers are craving a truly unique shopping experience. The post Generative AI is supercharging retail, what does this mean for consumers? And how will it shape the way we shop?

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Inside Retail

FEBRUARY 6, 2024

In a dynamic shift in consumer behaviour, three out of four shoppers are now exploring multiple online marketplaces before making a purchase. The surge in popularity of challenger marketplaces has resulted in consumers now visiting an average of three marketplaces every time they shop online.

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Inside Retail

OCTOBER 26, 2023

Macy’s has been stepping up to the plate with a series of new moves, from the expansion of its smaller-footprint stores, to a new digital fashion platform targeting younger shoppers. But while these initiatives sound promising, the question remains: can the department store chain truly adapt to the needs of the modern-day consumer?

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Inside Retail

FEBRUARY 8, 2024

Myer currently operates 56 department stores across Australia, as well as its online business and in-house brands including Sass and Bide, Marcs and David Lawrence. It’s no secret that consumer-facing retail has had a tough year trying to stay price-competitive for customers. million and now account for 21.3

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Inside Retail

AUGUST 31, 2022

The department store giant’s adjusted operating profit rose 85.5 The first principle, knowing your customers, is incredibly important to a luxury department store business like David Jones, Fyfe said. The post David Jones’ turnaround strategy buds as conditions normalise appeared first on Inside Retail.

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Inside Retail

FEBRUARY 1, 2024

Following its 2020 marketing strategy rebrand, Parfums de Marly felt now was the right time to enter the Australian retail space with its French vision of excellence and luxury in opposition to standardisation, through in-store customer experience. For Australia, our strategy is pretty simple.

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Inside Retail

FEBRUARY 25, 2024

L’Occitane purchased Dr Vranjes Firenze in January this year for a reported US$164 million, or approximately 12 times its core earnings, from Bluegum Capital Partners, a European private equity fund that specialises in consumer brands. Its work with premium Australian department store chain David Jones is an example of this.

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Inside Retail

DECEMBER 11, 2023

Since the retailer’s establishment in 1858, Macy’s has become one of the most well-known department stores in the US, if not the world. Like many retailers, both in the US and internationally, Macy’s has been impacted by the decline in consumer interest in shopping in traditional department stores amidst the rise of online shopping.

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Inside Retail

FEBRUARY 27, 2024

This week, Macy’s announced plans to shut down 150 “underproductive” stores, more than one-fifth of its department store assemblage, over the next three years. However, Saunders warned that this expansion strategy alone won’t be enough to restore Macy’s to its prior status. “There are two things we know for sure.

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Inside Retail

JULY 13, 2023

Consumers believe that sellers, distributors, and e-commerce stores share responsibility for ensuring product authenticity, with a desire for more ways to verify authenticity and reliable customer service. He said that the pandemic and related lockdowns and movement restrictions were a further blow to physical store operations.

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Inside Retail

JULY 13, 2022

Australian omnichannel direct-to-consumer retailer Institchu has been offering made-to-measure suits since it launched 10 years ago, but now it’s on a growth trajectory, with the launch of its software-as-a-service product, Taper, and entry into new product categories. They think, ‘Oh, I’ll just go to a department store.’

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Inside Retail

JANUARY 21, 2024

Customer experience is almost as important to consumers as the product itself, and the experience of buying a luxury item directly from the designer is an area in which luxury brands are constantly investing. Longchamp manages 325 direct-to-consumer stores through 25 distribution subsidiaries around the world. billion in 2024.

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Inside Retail

APRIL 12, 2023

The country’s growing economy and expanding middle class have created a favourable environment for global brands to set up shop and tap into a new consumer base. billion Direct-to-Consumer (D2C) shipments by 2030. Both strategies could work, in his opinion. “A billion, this still is a significant group.

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Inside Retail

DECEMBER 12, 2023

The beauty refill model In 2018, in line with its launch of lip oils, Fluff introduced its refillable compacts as a way to reduce product waste and lower costs for consumers. The idea was simple: limited supply could focus consumers’ attention. “We

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Inside Retail

AUGUST 27, 2023

With customers continuing to seek more value as cost-of-living pressures bite, Wesfarmers’ Kmart Group is set to benefit from shifting consumer demand, and an increasingly strong value proposition. According to Scott, the result reflected a combination of customers’ changing demands, as well as the group’s solid pricing strategies. “As

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Inside Retail

FEBRUARY 26, 2024

One of the key trends that defined retail in 2023 was pop-up shops and how these experiential shopping experiences have taken hold over millennial and Gen Z consumers. Just this week, American department store chain Nordstrom announced a unique collaboration with the British fashion brand Paul Smith.

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Inside Retail

AUGUST 21, 2023

It’s all about growing the brand’s direct-to-consumer and omnichannel presence in the region. A changing mindset According to Jain, the consumer mindset in India has also undergone a profound evolution. billion direct-to-consumer shipments by 2030. According to the foundation, new-age logistics players are expected to deliver 2.5

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Inside Retail

AUGUST 11, 2021

And this spring, it will unveil a new global design concept through its latest retail partnership with Australian department store, David Jones. “We While Australian consumers can already buy these items from Skims’ global e-commerce site, this will be the first time they can touch or try on items before purchasing.

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Inside Retail

JUNE 30, 2021

From using non-toxic paint in stores to digitising documents to avoid paper waste, more businesses are taking steps to make their physical operations more sustainable. That includes the Japanese department store chain Takashimaya. Takashimaya opened its first store in Kyoto, Japan, in 1831, selling gofuku (formal kimono).

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Inside Retail

MAY 8, 2024

I was a consultant at PwC in London before that, which gave me a strong foundation in how to approach business and strategy, but ultimately my short tenure there also made it clear to me that building my own thing was the way I needed to take my career. GG: We increasingly see consumers looking to be more conscious in how they shop.

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Inside Retail

JANUARY 15, 2023

Anchorage struck gold with the $20 million acquisition of the Dick Smith consumer electronics chain from Woolworths Group in November 2012. Woolworths had written off more than $420 million restructuring the business, which was Australia’s largest consumer electronics chain by store count. No more balance sheet shuffle .

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Inside Retail

MARCH 26, 2024

Shelley Sullivan: We are following the same strategy in the US. IR: Was MCoBeauty available to US consumers via e-commerce prior to launching into Kroger Co stores? IR: Previously you mentioned the strategy was almost entirely digital, did this end up being the the case entering the US? SS: Six per cent. SS: Absolutely.

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Inside Retail

JULY 25, 2023

After 17 years of running its discount department stores separately, retail conglomerate Wesfarmers announced earlier this week that it would be consolidating the back end operation of Kmart Australia and Target Australia. Kmart Group CEO Ian Bailey said this was due to how difficult it has been to “get tech into Target”.

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Inside Retail

AUGUST 16, 2021

As the quality of living and workers’ wages reached new heights, Western brands spotted a golden opportunity and raced to set up shop in the East to reach China’s 1 billion consumers (and counting). While this seemed like an easy and sure-fire strategy, such linkages no longer appeal to millennials today. CASE STUDY : Neiwai.

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Inside Retail

APRIL 17, 2023

All that combines to shift the mindset of consumers to what we call ‘mindful consumption’. Last month, the department store reported its highest interim profit since 2014. If you have the flexibility to review your strategy, bear in mind that turning slow-moving stock into cash quickly is a must in today’s uncertain times.

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Inside Retail

JUNE 7, 2021

The Woolworths Holdings boss attributed the downfall of David Jones Food to a failure to adapt the Woolworths food strategy to the Australian market. “I Food strategy in SA. Woolworths SA has 731 stores in South Africa (as of June 2020) and operates in 11 other African countries as well as having a strong online presence.

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Inside Retail

JULY 26, 2022

When business was booming, Revlon’s strategy was to expand sales through mass market department stores, as well as buying expensive advertising. Like other legacy brands, they invested in magazine editorials which drove shoppers into stores, where sales would be converted through personal selling and glossy displays.

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Inside Retail

MARCH 20, 2023

Bestseller’s Australia country director Rikke Dahl-Thorup told Inside Retail that the brand entered the Australian market due to the strong consumer demand for Scandinavian design, and a willingness from Aussie customers to embrace new trends. This reflects the growing demand for good quality fashion at competitive prices.”

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Inside Retail

APRIL 10, 2024

In an era marked by escalating living expenses and an ever-growing environmental consciousness, consumers worldwide are reshaping their purchasing behaviours, with potentially significant impacts on the retail industry. A birds eye view According to Zuniga, global consumer sentiment is increasingly prioritising sustainability.

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Retail Focus

JANUARY 13, 2022

Frasers Group plc today unveils plans to advance its investment into the Irish market, introducing FLANNELS into the Republic of Ireland for the very first time, with three new FLANNELS stores set to open across the country in FY23. FLANNELS Dublin is set to be the next flagship in the brand’s roll-out of trailblazing flagship stores.

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Inside Retail

MAY 7, 2024

The silver economy could grow to as much as 10 per cent of GDP over the next decade and the Chinese Government is now busy trying to implement strategies to address the needs of the elderly. This is good news, particularly for department stores, whose traditional target customer is now getting on in years.

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Inside Retail

MAY 13, 2024

But while Barbeques Galore is the largest specialty retailer, it faces competition from hardware, department stores and appliance retailers. “We’re We don’t have a direct-to-consumer presence in New Zealand,” McDonald said. This is where the new B2B e-commerce site comes in.

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Inside Retail

SEPTEMBER 5, 2022

“Our focus has been to get our product and marketing strategies right with superior fits and top-tier campaigns,” Santamaria said. In the UK, the business is already sold through a number of department stores and third-party retailers, but Seafolly’s new website will allow customers to buy directly from the brand.

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Inside Retail

MARCH 26, 2024

It’s no secret that many companies rely heavily on consumer-generated data to inform many activities, from product development and strategic planning to targeted marketing campaigns. Because whilst as many consumers demand it the same 80 per cent say potential risks they face because of data collection outweigh the benefits according to BCG.

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Inside Retail

APRIL 8, 2024

In fact, every organisation I have ever worked with on their innovation and growth strategy, and virtually every senior leader I have ever advised, didn’t just say they want to change – they insist they have no choice. Bailing doesn’t fix the hole Let’s look at the troubled department store sector. Bailing doesn’t fix the hole.

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Inside Retail

OCTOBER 31, 2023

However, last month Designworks, the wholesale arm of Brand Collective, a leading house of lifestyle brands in Australia, announced that it was relaunching Pavement in the marketplace through the discount department store Big W. The brand and product hits the sweet spot that appeals to both parents and daughters.

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Inside Retail

DECEMBER 10, 2023

Bergh, who has served as president and CEO of Levi Strauss & Co since 2011, is reflecting on his legacy as he prepares to hand over the reins of the $6 billion global business to his successor Michelle Gass, the former CEO of American department store chain Kohl’s, who joined Levi’s earlier this year. It was pivotal,” he says.

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