Inside Retail

MAY 22, 2022

First quarter results for calendar year 2022 are in for the three biggest Korean department store retailers, and the numbers are encouraging. Shinsegae, Lotte, and Hyundai account for the top nine department stores in the country (coming in at number 10 is Galleria’s high-end flagship in Seoul). trillion KRW ($2.1

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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 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. However, the legacy retailer’s reputation has been on shaky ground of late.

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Department Stores Location Planning Shopping 130

Inside Retail

APRIL 14, 2024

So, it came as a surprise to some when the LVMH-owned retailer announced on its Korean social media accounts that it would be gradually terminating all its operations in South Korea, including its app, online store, and physical stores, beginning May 6. billion won (US$9.26 million), 14.5 billion won (US$10.6 billion won (US$12.9

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Inside Retail

JANUARY 3, 2024

The range of physical and virtual retail spaces, retailers, products and prices leaves consumers spoilt for choice. Retailing is more than just about consumption. Retail helps define a city’s identity and brand and thus attract visitors. Retailing matters. In short, the CBD was the place to see and be seen.

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Inside Retail

DECEMBER 7, 2021

And while Central Group’s publicly listed subsidiary, Central Retail, has denied any involvement in the transaction, multiple reports suggest that another division of the conglomerate is involved in the talks. Central Group is one of the ‘big three’ Thai retailers and shopping centre developers/operators.

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Inside Retail

FEBRUARY 21, 2023

They arrived with great fanfare but many international retail brands have found the Australian retail market has been a graveyard. Like many local retailers, the foreign entrants have not understood the multicultural market dynamic and lifestyle differences from their home markets, let alone the structure of the retail industry.

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