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

Inside Retail

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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The lowdown on Central Group – reported new owner of Selfridges

Inside Retail

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’s superregional malls and department stores are ubiquitous in Thailand.

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Retail appointments for the week

Inside Retail

International Group of Department Stores appoints new president. The International Group of Department Stores (IGDS) has appointed André Maeder as the new IGDS President for 2021-2023. The post Retail appointments for the week appeared first on Inside Retail.

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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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Costco: Retail’s least-hyped show on earth

Inside Retail

It’s a concept that rolls value and entertainment into one, with the latter consisting not of the usual technological or design bells and whistles, but rather the treasure hunt: about 25 percent of its merchandise is rotational, meaning that it’s a one-off bargain and you need to snatch it up now because it won’t be here next time you come.

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Open to Buy: The Retail Business Art

Retailing Insight

The process is actively in use at every major chain store, department store and larger specialty store chain. Yet the concepts are completely applicable to independent retailers. In fact, many specialty stores and boutiques use this to ensure cash flow and profitability for their stores.

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5 Best Experiential Retail Examples

Greater Group

Agent Training, civilians enter the experience store where a range of limited edition uniforms and other merchandise items are on sale to prepare them for returning to the ‘real world’. This entertainment concept store has proven incredibly successful and plans are underway to establish a more permanent location for it in Las Vegas.