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From mini stores to the metaverse, will Macy’s new moves pay off?

Inside Retail

In October, the department store retailer announced plans to open 30 more “mini stores” in strip centers across the US over the next two years, as it veers outside of the shopping mall. In August, Macy’s announced that its second quarter net sales fell by 8.4 per cent year-over-year to US$5.1

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Why so many global brands fail in Australia

Inside Retail

They arrived with great fanfare but many international retail brands have found the Australian retail market has been a graveyard. Even prime locations, local partners, name recognition and often a portfolio of new merchandise brands haven’t kept Australia from becoming a dead end for some major international retailers.

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How premium Japanese outlet Gotemba is bringing beauty to bargain shopping

Inside Retail

Snuggled in a forest at the foot of Japan’s Mt Fuji, Gotemba Premium Outlets is in a location that is picturesque, to say the least. At the time of opening, it almost doubled the size of the largest existing outlet centre, and represented a tipping point for the factory outlet concept in Asia. Assortments are deeper.

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The end of the middle: Why small stores and big showrooms are here to stay

Inside Retail

A growing number of retailers appear to be opting for smaller stores as a way to maintain their store presence and enter desirable locations amid rising costs. This is also reflected in the current retail market, where mid-sized retailers appear to be struggling in comparison to budget and premium brands.

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The Pop-Up Experience

Retailing Insight

The Concept. The pop-up or flash retailing market in the United States is estimated to be a $50 billion industry, and it’s for good reason. Yet, even these seemingly more costly and imaginative endeavors pale in comparison to the price of adding store locations. They can also get increasingly creative. Going Digital.

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The lowdown on Central Group – reported new owner of Selfridges

Inside Retail

“Central Group’s success in the European department store space should bode well for Selfridges,” Bradley Grinlinton, head of retail and consumer products at Publicis Sapient, told Inside Retail. They can source exclusive merchandise not available easily online. It also raises the possibility of international expansion. “It

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What is Omni-channel Retail?

Retail Bound

Although many new product companies are finding success selling on Shopify or Amazon, online sales still only represent 20% of all retail sales, whereas offline channels like brick-and-mortar locations, catalog, TV Shopping and Reward and Incentive markets represent 80%.