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. We’ve got a consistent plan about how we will celebrate these events with our customers. Looking forward.

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Inside Retail

FEBRUARY 1, 2024

The high perfumery now has six global flagships with plans to open another four locations within the APAC region over the next 12 months. For Australia, our strategy is pretty simple. By culture, we are a department store brand in the way we function. We saw a lot of brands, stop producing and stop investing.

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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. The closures are a part of the retailer’s plan “to create a more modern Macy’s, Inc. per cent of its workforce. In December, Macy’s received a $5.8

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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

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

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

JUNE 29, 2022

Understanding the Chinese consumer. Despite the multiple challenges over the last two and a half years, Carmen Chiu, regional managing director, Asia Pacific at Fortnum & Mason, is confident that the brand has built a solid foundation and engagement strategy with the domestic customer through its retail and hospitality businesses. “We

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Inside Retail

MAY 8, 2024

The UK-based online platform for independent and ethical brands Wolf & Badger opened its first bricks-and-mortar location in London in 2010, before adding stores in New York in 2017 and Los Angeles in 2022. Here, we speak with Wolf & Badger co-founder and CEO George Graham about his plans to continue driving global retail growth.

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Inside Retail

MARCH 26, 2024

Shelley Sullivan: We are following the same strategy in the US. IR: Any plans for an MCoBeauty retail store in the US or Australia? IR: Was MCoBeauty available to US consumers via e-commerce prior to launching into Kroger Co stores? Inside Retail: How did MCoBeauty approach entering into the US market?

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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 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

JUNE 7, 2021

Since March, David Jones has closed three of its food stores and in recent weeks, it announced that it was ending its partnership with convenience chain BP. 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.

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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

NOVEMBER 16, 2022

Burberry’s new chief executive Jonathan Akeroyd will on Thursday set out his plan to finish the job started by his predecessor: boosting growth at the British luxury brand to the levels of its European rivals. He raised prices, limited distribution to its own shops and high-end department stores and cut discounting.

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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. Are there plans for expansion beyond this partnership?

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Inside Retail

FEBRUARY 19, 2024

Spearheading this move are two flagship stores nestled in prime locations: one at the prestigious Shin Kong Mitsukoshi department store in Taipei’s vibrant Xinyi Xintiandi district, and the other at the iconic Dubai Mall. Its location in Taipei was designed after careful consideration of Shin Kong Mitsukoshi A8 shoppers.

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Inside Retail

NOVEMBER 8, 2022

per cent) and department stores (down 0.4 Aussie consumers appear to be still spending those cash reserves built up over the Covid years, engaging in some sort of short-term gratification, turning to retail therapy to deal with the news of impending crises. . per cent bump. I’d say it’s a little more complex than that.

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Inside Retail

MARCH 2, 2023

Also on Thursday, Walmart announced plans to open 28 new health centres in Texas, Arizona and Missouri, bringing the national total to more than 75 locations. The growing interest in health care among some of the country’s largest retailers comes as American consumers pull back on discretionary purchases in the face of persistent inflation.

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Inside Retail

JUNE 24, 2021

“This will allow us to improve the quality of our brand activations within Woolworths and drive greater strategic alignment across all consumer touchpoints,” Shedden said. As the company’s senior manager of Research and Insights, Gower will help strengthen Cartology’s insight-led approach to campaign strategy, implementation and evaluation.

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Inside Retail

SEPTEMBER 13, 2022

Australian retailers generally fared well over the last 18 months during the Covid-19 pandemic, despite temporary store closures as part of government-imposed lockdowns, although headwinds may be on the horizon. A look at consumer sentiment and spending . Consumer sentiment fell by 3 per cent to 81.2 Retail sales increased by 1.3

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Inside Retail

APRIL 25, 2022

Luxury department store Harvey Nichols recently announced the opening of the first blue-chip non-fungible token (NFT) retail space at its Pacific Place Hong Kong store. Physical stores are seeking to understand their place in the digital economy and align with this cultural phenomenon.

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Inside Retail

FEBRUARY 21, 2023

In some cases, the failed Australian ventures were part of a flawed strategy to breathe growth into struggling home market operations. British department store chains Marks & Spencer and John Lewis have both similarly opted not to launch Australian operations after testing the waters with local partners.

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Inside Retail

MAY 20, 2021

BooHoo, which also acquired department store Debenhams in January, bought Arcadia’s e-commerce, digital assets and associated intellectual property rights that also include customer data, business information, and inventory of Dorothy Perkins, Wallis, and Burton. He joined BooHoo last month.

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Inside Retail

JUNE 27, 2023

In an interview with Inside Retail , he discussed how CBCH and TDE are rebounding following collapse, as well as his plans to expand in the years to come. It has opened 22 more stores – bringing the total today to 57 – and placed a strong emphasis on correcting the product range, pricing and promotional strategy.

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Inside Retail

OCTOBER 12, 2022

David Jones CEO Scott Fyfe said the retailer drew on lessons learned from the revamp of its Elizabeth Street flagship store in Sydney in 2019 to ensure the Melbourne project was a success. Department stores are big boxes, and you’ve got to have an experience on every floor,” he told Inside Retail. “We’ve

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Inside Retail

JANUARY 10, 2024

The world’s largest retailer shared expansive plans for the future of retail at the recent Consumer Electronics Show (CES 2024), focusing on adaptive retail strategies that encompass realms of customers, workforce and society. Walmart is not resting on its laurels.

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Inside Retail

AUGUST 28, 2022

Inside Retail: Your homewares brand In the Roundhouse started as a side hustle, but now it’s stocked in major department stores, such as DJs and Liberty. Through previous brand experience with TDE, influencer lunches, dinners and shoots I knew that brands that worked well for creating Instagram content resonated with consumers.

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Inside Retail

JUNE 30, 2021

The retail industry in Malaysia has struggled during Covid, but shopping centre Pavilion in Kuala Lumpur has continued to find a way to reach consumers. Businesses that offer customers both physical and online store options tend to see higher customer engagement and sales. The demand for personalised customer experiences has increased.

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Inside Retail

APRIL 13, 2021

Globally, the retail sector has been undergoing a significant transformation marked by a shift towards online commerce, evolving consumer habits and increased competition due to easy access to international retailers. per cent) and department store sales (-68.3 Retail electronic card transactions declined 83.1 per cent, July: 9.8

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Inside Retail

MAY 11, 2023

Plans to proceed with the appointment of Erica Berchtold, soon-to-be CEO of B&L Group, and current CEO of The Iconic, suggest that widening the brand’s appeal and meeting the value aspirations of a broader group must be on the cards. Target sits behind the pair with just 124 stores. It’s definitely not unique for these guys.

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Inside Retail

AUGUST 7, 2023

It creates the ability to curate a marketing plan and reach a target audience, and can be much more effective at driving awareness, consideration or conversion,” Holloman told Inside Retail. Key to David Jones’ newly launched retail media network, Amplify, is the department store’s customer base, Holloman explained. “We

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Inside Retail

APRIL 15, 2021

With over 200 stores and a slew of international brands, including Celine, Ganni, Levi’s and Reebok, United Arrows is one of the country’s largest select shops, which is a kind of mini department store. While the business is primarily direct-to-consumer, wholesale is an important part of its strategy in Japan.

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Inside Retail

APRIL 12, 2022

As Japan’s Aeon Mall sets out to conquer the hearts, minds and wallets of consumers in Southeast Asia, it is finding that quality rather than quantity is where the emphasis has to be. Like the first two, Aeon plans to tailor the tenant mix closely to the local demographics, which differ materially in each of the three locations.

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Inside Retail

DECEMBER 7, 2021

And gaining unique insights into consumers’ likely purchasing behaviour is now possible through the CommBank Household Spending Intentions (HSI) Index. The CommBank HSI Index uses advanced analytics to help retailers better understand consumer or household spending intentions. Covers the vast majority of household spending.

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Inside Retail

JANUARY 9, 2024

You would find it in a jeweller or a department store and to a smaller degree online. We had direct-to-consumer for the first three or four years, and then we wanted to approach a retailer that didn’t particularly like that, so we pulled back from that and haven’t been online selling for a long time,” he said. “We

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Inside Retail

MAY 25, 2023

Store closures Brittain Ladd, strategy advisor for Shatranj Capital Partners, recently commented on the trend of retailers choosing to lock up nearly all of their products behind plexiglass to prevent retail theft. He said this is tied to large transnational organised groups, using theft for financial gain.

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