Inside Retail

APRIL 10, 2025

Steven Lew is the son of billionaire Solomon Lew, chair of Melbourne-based Premier Investments, which owns the Smiggle and Peter Alexander chains.Premier Investments is the largest shareholder in Myer department stores and appliance brand Breville.

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Retail Focus

DECEMBER 4, 2024

This includes significant investment into Steen & Strøm (S&S) shopping centre, the world’s oldest continuously running department store and anchor of the Promenaden portfolio, to diversify the store’s product and service offerings, as well as enhance its provision of experience-led shopping experiences.

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Inside Retail

JANUARY 8, 2025

However, department store sales fell 1.2 Cafes, restaurants, and takeaway sales rose 3.6 per cent to $5.57 billion and food sales inched 2.8 per cent higher to $14.62 Clothing, footwear, and accessoriesclimbed 1.8 per cent to $3.07 billion while household goods improved 1.2 per cent to $5.99 per cent to $1.94

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Inside Retail

OCTOBER 14, 2024

The store features giant head kinetic objects highlighting the brand’s compelling visual narratives. The flagship follows the openings of the label’s travel retail boutique at Sydney International Airport in November 2022 and a shop-in-shop at David Jones department store in Sydney last October.

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Inside Retail

FEBRUARY 13, 2025

Australias department stores are at a crossroads. Competition has never been more fierce and while data from the Australian Bureau of Statistics showed an uptick in department-store sales in November, this is likely temporary with earlier months showing stagnation or decline. So how did we get here?

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Inside Retail

OCTOBER 30, 2024

Meanwhile, department stores declined 0.2 Food retail sales rose 3.1 per cent to $14.5 billion, while cafes, restaurants, and takeaway climbed 1.4 per cent to $5.46 Clothing, footwear, and accessories increased 0.8 per cent to $3.04 billion, and household goods improved 0.03 per cent to $5.82 per cent to $1.91 per cent.

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Inside Retail

JANUARY 23, 2025

Indian retail conglomerate Reliance Industries Limited has signed a franchise agreement with American luxury department store Saks Fifth Avenue to expand its luxury retail portfolio through its subsidiary Reliance Retail, the company said in its third-quarter financial report last week.

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Inside Retail

DECEMBER 18, 2024

Japanese department store Matsuya has introduced a digital platform with a click-and-collect service including tax refunds in a bid to tap into the growth of international tourists. Established in 1874 as a kimono retailer, Matsuya Co operates department stores in Tokyo’s Ginza and Asakusa districts.

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Inside Retail

FEBRUARY 11, 2025

Department stores, which have traditionally been one of the favourite retail go-to places for high-end chocolates, have had to think a little bit out of the box (or out of the square if you prefer). Chocolate isnt everything A worldwide scarcity of cocoa isnt the only thing thats bothering Japans department stores though.

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Inside Retail

MARCH 5, 2025

A year after the French luxury department store originally announced it would be launching its first US location, Printemps is officially opening a brick-and-mortar store in the heart of New York Citys financial district on March 21. Department stores havent had the best reputation the last few years.

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Inside Retail

OCTOBER 15, 2024

The department store chain has yet to name the appointees for the newly created roles of GM of merchandise for beauty, accessories and services and GM of merchandise for women’s apparel. Meanwhile, former Cedar Brands CEO Warwick Blunt will assume the newly constructed role of GM for digital commerce at Myer in November.

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Inside Retail

MARCH 3, 2025

billion, and department stores jumped 2.9 Clothing, footwear, accessoriesrose 4.5 per cent to $3.07 billion while cafes, restaurants, takeawaygrew 3.8 per cent to $5.58 Food climbed 3.1 per cent to $14.69 per cent to $1.93 Household goodstotalled $5.91 billion, reflecting the lowest category growth rate of 2.5

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Inside Retail

MARCH 31, 2025

per cent at department stores, and 2.89 The ‘other retailing’ category which includes cosmetics, sports, and recreational goods recorded the biggest increase at 5.5 per cent, followed by food with a 4.08 per cent improvement. Spending was also up 3.37 per cent at cafes, 3.23 per cent in the household goods category.

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Inside Retail

DECEMBER 9, 2024

days, on par with other department stores. Their approach sets the standard for returns and highlights their commitment to a seamless customer experience. The Iconic: Free returns form part of the success story The Iconic, meanwhile, has an average refund time of 7.1

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Retail Focus

FEBRUARY 27, 2025

Iconic denim lifestyle brand Levi’s has unveiled a unique storefront takeover – the largest of its kind in Europe – with premium London department store celebrating the campaign launch of REIIMAGINE Chapter II, featuring global icon, Beyonc.

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Inside Retail

JANUARY 9, 2025

The consensus within the retail industry is that Nordstroms partnership deal with the Mexican retail group will improve the department store retailers chances of thriving at a time when many legacy players, like Macys, are struggling to survive. However, long-term success for Nordstrom wont come without further changes.

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Inside Retail

JUNE 24, 2024

Central’s acquisition move is not unusual,” Selvane Mohandas du Ménil, International Association of Department Stores managing director, told Inside Retail. Central Group made the headlines again in 2022 after snapping up Selfridges Group, making it the largest luxury department store operator in Europe. What’s next?

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Design Boom

OCTOBER 8, 2021

rather than treating the historic department store as a singular mass, the project introduces four quadrants with different qualities. The post OMA’s first quadrant of KaDeWe berlin masterplan opens, featuring wood-clad escalators appeared first on designboom | architecture & design magazine.

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Inside Retail

DECEMBER 19, 2024

The partnership will also expand the distribution to more channels and formats including mono-brand retail, beyond the brand’s existing presence in ‘escentials’ and department stores, the company said on LinkedIn. Moreover, the parties agreed to increase investments to grow the Amouage brand across all joint markets.

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Inside Retail

DECEMBER 16, 2024

Typically, consumers seek out department stores and shopping centres to get in the holiday spirit but LaManna has managed to position itself as the exception. LaManna, the 10,000sqm independent supermarket located at Essendon Fields, is rising to the Christmas occasion.

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Inside Retail

JUNE 4, 2023

In an ASX announcement, the department store’s board thanked King for his “extraordinary contribution” and added that his decision to leave is based on “being with his family as their health circumstances demand.” When he took over the helm of Myer in 2018, it was losing sales and struggling.

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Inside Retail

OCTOBER 21, 2024

If I jump to China, for example, we open a new store every month. We just opened in September a Georg Jensen jewellery store in Shenzhen. So DTC is extremely important to us, but we have brands that are more suited for the department store or the big-box players like Bunnings.

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Inside Retail

FEBRUARY 2, 2025

billion, and department stores jumped 1.6 Other retailing, which includes recreational, sporting goods and cosmetics, went up 5.6 per cent to $5.76 billion, while clothing, footwear and accessories climbed 5 per cent to $3.01 Cafes, restaurants and takeaway food services increased 4.7 per cent to $5.54 billion, while food sales grew 3.5

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Inside Retail

NOVEMBER 9, 2023

At Myer’s annual general meeting this week, outgoing CEO John King predicted that trading activity on Black Friday would likely surpass Christmas, with the department store preparing stock ahead of time to mitigate any logistical delays related to potential industrial action. per cent increase in total sales to $3.36

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Inside Retail

JUNE 23, 2024

Department store group Myer has proposed to combine its business with Premier Investments’ Apparel Brands, comprising Just Jeans, Jay Jays, Portmans, Jacqui E and Dotti. The proposal is non-binding, indicative and conditional.

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Inside Retail

JULY 23, 2024

Aesop will return to David Jones next month as part of the department store chain’s strategy to boost its luxury beauty offerings. The brand will later launch at Chadstone Shopping Centre and Bourke Street Mall as part of the stores’ $15 million beauty hall redevelopment.

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Inside Retail

AUGUST 7, 2024

The department store chain expects net profit after tax of between $50 million and $54 million for FY24, compared to $71.1 Myer has flagged a drop in profit for this fiscal year, largely due to underperformance at its three specialty brands amid macroeconomic challenges. million in the prior year.

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Inside Retail

NOVEMBER 19, 2024

As a CommBank iQ spending category, general retail covers more than 10 sub-segments, from pet, discount and department stores to online marketplaces. Under 30s have cut back substantially in retail categories like apparel (-8 per cent) and department stores (-15 per cent).

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Inside Retail

JUNE 25, 2024

The acquisition of Just Jeans, Portmans, Jacqui E, Dotti and Jay Jays by Myer provides a new growth channel after several years of reducing department store floor space and trying to find a fashion edge. The Premier brands could also provide the department stores with expanded merchandise range options.

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Inside Retail

DECEMBER 20, 2022

A fundamental question about the future of David Jones was put to rest this week, after the retailer’s parent company Woolworths Holdings announced the sale of the department store chain to Australian private equity firm Anchorage Capital Partners on Monday. We’ve seen a general consumer trend away from department stores.”.

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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

DECEMBER 15, 2022

Private equity firm Anchorage Capital Partners is reportedly in the final stages of acquiring David Jones from Woolworths Holdings, the South African retail giant that bought the department store chain for $2.1 billion in 2014.

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Inside Retail

AUGUST 28, 2024

Wesfarmers booked higher net income and revenue in the last fiscal year, with its discount department store chain Kmart contributing the most growth among its retail businesses. The company’s net income grew 3.7 per cent to $2.56 billion, while revenue rose 1.5 per cent to $44.19 Kmart Group ‘s revenue grew 4.4

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Inside Retail

AUGUST 7, 2023

David Jones is expected to axe as many as 100 jobs as its department store operations are being reviewed under the new owner. The company is in the process of improving store efficiency and eliminating tasks such as preparing sales reports for stores and office tasks, which can increasingly be done with the use of technology.

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Inside Retail

JANUARY 14, 2025

But for Jeff Warren Macys vice president of selling and customer experience, and one of the key people involved in reinvigorating the department stores relationship with its customers sticking with the status quo is not an option. billion and stores numbering 868 globally.

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Inside Retail

FEBRUARY 5, 2024

Department store chain Myer expects fiscal first-half sales and net profit to decline year over year amid a challenging trading environment. The company forecasts sales to fall 3 per cent to $1.83 billion, despite online sales increasing 2 per cent to $390.1 Online sales account for 21.3 per cent of the retailer’s overall sales.

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Inside Retail

NOVEMBER 11, 2024

” H&M: Delivery outpaces competitors by four days Meanwhile, H&M’s dispatch time outpaces its rivals in the low-priced department store segment by 1.4 A lot of retailers overlook how important this is.” The fashion retailer delivers orders about four days faster than competitors, while delivery speed is 2.2

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