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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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Macy’s store closures: a necessary step or the wrong move?

Inside Retail

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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Retail appointments for the week

Inside Retail

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. He will be reporting to Jodie Koning, Cartology head of Marketing and Insights. International Group of Department Stores appoints new president.

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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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How Indian brands could benefit from Walmart’s ambitious export goals

Inside Retail

Recent reports suggest that Walmart is beating Amazon in India’s fast-growing online retail market, which is expected to be worth $200 billion by 2026. It also helps to spread risk ensuring that they have access to reliable, quality and affordable items at all times despite world events,” he told Inside Retail.

Strategy 130
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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
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‘The next big disruptor’: Why the ARA is urging action on climate change

Inside Retail

PZ: It was also strategic because if I reflect on the last couple of decades, the digital disruption came at most retailers without a lot of planning, and they’ve been scrambling ever since. Covid corrected that because it brought all the retailers that were not on top of the digital transformation into place.