Remove Department Stores Remove Location Remove Marketing Remove Retail Sales
article thumbnail

Analysis: How Australian department stores can thrive in a post-Covid world

Inside Retail

Those brands that have avoided bankruptcy have often been forced to undertake aggressive cost reduction and store closures. Department stores have been particularly impacted, with consumers forced online during the pandemic now choosing to buy direct from brands or from more price-competitive online marketplaces.

article thumbnail

Why department stores are thriving in Japan even as the US sector shrinks

Inside Retail

For once, department stores are leading a retail sales recovery instead of lagging it. In Japan, the Ministry of Economy, Trade and Industry (METI) reports that retail sales in the first quarter amounted to 39,781 billion yen (about $434 billion at current exchange rates), up 6.5 per cent from a year ago.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Inside Shinsegae: The Korean department store with a golden boot

Inside Retail

Shinsegae — one of the Big 3 of Korean department store retailing along with Lotte and Hyundai — has continued its great form right through into the second half of the year, helped by the removal of the country’s remaining pandemic restrictions and an increasingly buoyant mood among the country’s more affluent consumers.

article thumbnail

US mall giant Simon’s latest results reveal four issues facing the sector

Inside Retail

per cent and retailer sales per square metre for the trailing 12 months were US$8,166, up 3.3 One of the key issues facing Simon and other mall operators is that they are still joined at the hip to department store anchors. And one of the remaining three, Neiman Marcus, is basically an upscale apparel department store.

article thumbnail

Vietnam’s Vincom shifts focus from expansion to upgrades

Inside Retail

Vincom is easily the largest mall developer and operator in Vietnam, and wants to focus less on new development this year and more on a trifecta of objectives aimed at its existing mall fleet: driving rental growth, upgrading its market positioning, and strengthening the shaky operating metrics of elements of its far-flung portfolio.

Expansion 130
article thumbnail

Analysis: a perfect retail storm is brewing

Inside Retail

Inflationary pressure on consumer discretionary spending, supply chain disruptions and elevated inventory levels, which tie up a retailers’ net working capital, are set to create the perfect storm for retailers that do not have a strategy in place to ensure they are well positioned for the choppy market conditions ahead.

Consumer 278
article thumbnail

How, where and what shoppers are buying in the final week before Christmas

Inside Retail

Enticing shoppers into bricks-and-mortar stores to spend their hard-earned money during a cost-of-living crisis requires marketing teams to get creative, leveraging everything from giveaways to extended trading and entertainment. Here is what’s happening. million visitors total over the holiday period. “We

Gifts 264