Inside Retail

JUNE 2, 2021

On Thursday morning, the heads of Wesfarmers’ retail businesses, Bunnings, Kmart, Target, Catch and Officeworks, presented their growth strategies to investors at the company’s annual strategy day. One area where customers shouldn’t expect to see much change in the near-term is in the look and feel of Target stores.

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Inside Retail

AUGUST 31, 2022

The department store giant’s adjusted operating profit rose 85.5 The first principle, knowing your customers, is incredibly important to a luxury department store business like David Jones, Fyfe said. The post David Jones’ turnaround strategy buds as conditions normalise appeared first on Inside Retail.

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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 8, 2024

Myer currently operates 56 department stores across Australia, as well as its online business and in-house brands including Sass and Bide, Marcs and David Lawrence. per cent increase is a case of under-promising and over-delivering, the department store CEO is taking the win as a sign of more growth to come. “We

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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

FEBRUARY 1, 2024

Following its 2020 marketing strategy rebrand, Parfums de Marly felt now was the right time to enter the Australian retail space with its French vision of excellence and luxury in opposition to standardisation, through in-store customer experience. For Australia, our strategy is pretty simple.

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Inside Retail

NOVEMBER 9, 2023

CEO Elliott Rusanow said the group’s strategy to attract more people to its Westfield malls has driven “strong operating performance” for the business. We have commenced the $50 million repurposing of department store space at Westfield Mt Gravatt to introduce Uniqlo, Harris Scarfe and a range of specialty stores.

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Inside Retail

DECEMBER 11, 2023

Since the retailer’s establishment in 1858, Macy’s has become one of the most well-known department stores in the US, if not the world. Like many retailers, both in the US and internationally, Macy’s has been impacted by the decline in consumer interest in shopping in traditional department stores amidst the rise of online shopping.

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Inside Retail

APRIL 22, 2024

Department store Myer has reportedly fired more than 50 head office staff across its digital, IT, and e-commerce teams as it offshores their functions to India.

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Inside Retail

FEBRUARY 25, 2024

These acquisitions reflect the group’s strategy for building a geographically balanced brand portfolio of premium beauty and fragrance brands. Its work with premium Australian department store chain David Jones is an example of this. L’Occitane also acquired a 50 per cent stake in Singaporean skincare brand Erborian in 2012.

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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. However, Saunders warned that this expansion strategy alone won’t be enough to restore Macy’s to its prior status. “There are two things we know for sure.

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Retail Times

MAY 6, 2021

Norwegian contemporary department store Steen & Strøm, which is managed by Promenaden Management, is launching a brand-new 900sq m (9,700sq ft) Beauty Hall this month as part of a major NOK 300 million (£25.7 million GBP) refurbishment and upgrade.

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Inside Retail

APRIL 22, 2024

Department store Myer has laid off head office staff across its e-commerce and operations teams as it offshores functions to India.

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Inside Retail

AUGUST 11, 2021

The fight for board control of department store Myer will be decided in the next few months, with the firm’s AGM likely to run in late October, but Solomon Lew’s major stake in the business could well be diluted by the time to vote. Department store sales up this year.

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Inside Retail

JULY 13, 2022

They think, ‘Oh, I’ll just go to a department store.’ IR: Can you tell me what that strategy looks like? Then we’ve done bus wraps, too, but most importantly, we’re tying all of that into a digital strategy with Google AdWords – retargeting, paid social. It’s only just beginning.

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Inside Retail

OCTOBER 4, 2022

Results in the past two years were bolstered by Covid management strategies, including landlord rent concessions and government JobKeeper payments. Lew’s supposedly last word on the proposition is that a merger of the two department store chains “doesn’t make sense”. per cent to $1.5 billion and net earnings up 4.9

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Inside Retail

MARCH 26, 2023

Anchorage Capital Partners has formally settled on its acquisition of department store business David Jones and promised to pursue ongoing growth and innovation with the chain. With the support and financial commitment of Anchorage, we’ve secured the right investment to lead Australia’s retail industry into the future.”

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Inside Retail

FEBRUARY 23, 2022

The company operates around 200 brick-and-mortar stores across Australia and New Zealand, along with concessions in David Jones department stores. She was integral in developing the company’s group strategy for its brands in the past. Hopkinson commences in her new role on Monday (February 28).

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Inside Retail

JANUARY 21, 2024

The brand has grown to have a presence in 80 countries through a distribution network encompassing 1200 points of sale across stand-alone stores, franchises, department stores, multi-brand leather goods stores, travel retail and e-commerce websites.

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Retail Times

JUNE 15, 2023

Integrated communications agency MullenLowe today (15 June 2023) announces its appointment by digital department store Freemans to deliver the next stage of the brand’s evolution as it reinvents itself as a modern, pureplay retailer.

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Inside Retail

DECEMBER 18, 2022

A spokesperson for Anchorage called the deal a “landmark transaction”, and said the firm was thrilled to take on the 183-year-old department store. Fyfe said that he and the Anchorage team see many opportunities to optimise value and innovation in the David Jones business.

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Inside Retail

AUGUST 27, 2023

The group, which is made up of discount department store brands Kmart and Target, as well as online marketplace Catch, delivered record earnings during FY23 – a 52 per cent increase on the previous year, to $769 million. Approximately 25 per cent of the Target range will be Anko,” Bailey said.

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Inside Retail

APRIL 21, 2024

per cent) of surveyed department store operators expect their sales to grow in 2024, a significant decrease from last year’s 85.7 The report revealed that while department stores and convenience stores experienced higher growth rates than total retail sales, supermarkets faced negative growth for the first time.

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Inside Retail

APRIL 12, 2023

In November last year, Aditya Birla Fashion and Retail Limited (ABFRL) entered into a strategic partnership with French department store chain Galeries Lafayette to open luxury department stores and a dedicated e-commerce platform in India. Both strategies could work, in his opinion. “A

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Inside Retail

JANUARY 15, 2023

Woolworths had written off more than $420 million restructuring the business, which was Australia’s largest consumer electronics chain by store count. Anchorage Capital, at best, added some finishing touches to Woolworths’ turnaround strategy and reworked the balance sheet for the sharemarket float. No more balance sheet shuffle .

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Inside Retail

JUNE 30, 2021

From using non-toxic paint in stores to digitising documents to avoid paper waste, more businesses are taking steps to make their physical operations more sustainable. That includes the Japanese department store chain Takashimaya. Takashimaya opened its first store in Kyoto, Japan, in 1831, selling gofuku (formal kimono).

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Inside Retail

FEBRUARY 6, 2024

Looking ahead to this year, Amazon and Ebay top the list of marketplace strategies, followed by Temu and Shein. In the evolving landscape where marketplaces are replacing traditional department stores, e-commerce sellers are urged to craft strategies that adapt to the changing dynamics.

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Inside Retail

FEBRUARY 28, 2023

Sales and profit through the David Jones department store chain and Country Road Group surged in the half year to December 25, according to a filing by South African parent Woolworths Holdings. Adjusted operating profit was up 245.8 per cent to $106.5 million with overall turnover up by 31.8 per cent and concession sales by 27.6

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Inside Retail

AUGUST 25, 2023

Local products have always been a key pillar in our strategy to deliver a unique, relevant and exciting shopping experience for our customers,” said George Tsoukalas, Heinemann Australia MD. The post Luxury resort wear brand Camilla opens at Sydney Airport appeared first on Inside Retail.

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Inside Retail

DECEMBER 19, 2022

Being a retailer as well as a shopping centre brand, the centre is anchored, like Aeon 1 and Aeon Sen Sok, by one of Aeon’s own massive department stores, which sits on two levels and covers an area of 16,000sqm. Both Glam Boutique and Aeon Wellness are well established in neighboring Vietnam, where there are eight stores.

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Retail Focus

OCTOBER 10, 2022

The demise of the UK-department store sector had resulted in House of Fraser, BHS and Debenhams all going into administration in Telford, leaving 220,000 sq ft – almost a quarter of the shopping centre – to let. .

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Inside Retail

OCTOBER 13, 2023

Adelaide Central Plaza at Rundle Mall will house Tag Heuer, Tiffany & Co, along with exclusive brands within the David Jones department store, the company said. Louis Vuitton will also open a pop-up store at Adelaide Central Plaza from October 13 to December 28.

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Inside Retail

DECEMBER 12, 2023

But the question of partnering with big beauty retailers and expanding into department stores remains open-ended. We’ve been contacted by every retailer, from the big department stores to the indie retailers.

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Inside Retail

APRIL 8, 2024

In fact, every organisation I have ever worked with on their innovation and growth strategy, and virtually every senior leader I have ever advised, didn’t just say they want to change – they insist they have no choice. Bailing doesn’t fix the hole Let’s look at the troubled department store sector. Bailing doesn’t fix the hole.

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Inside Retail

JANUARY 4, 2024

So as more and more retailers integrate the benefits of AI into their growth strategy, what will be next for this transformative technology? Category management – for example, range and assortment planning, pricing strategies – is a typical use case where AI can augment human decision-making. And how will it shape the way we shop?

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Inside Retail

SEPTEMBER 5, 2022

“Our focus has been to get our product and marketing strategies right with superior fits and top-tier campaigns,” Santamaria said. In the UK, the business is already sold through a number of department stores and third-party retailers, but Seafolly’s new website will allow customers to buy directly from the brand. “The

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Inside Retail

MARCH 26, 2024

Shelley Sullivan: We are following the same strategy in the US. IR: Previously you mentioned the strategy was almost entirely digital, did this end up being the the case entering the US? It is a tried-and-tested model for the brand; influencer marketing is a major element of the launch strategy. SS: Six per cent. SS: Absolutely.

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