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Myer sees elevated annual sales, but is cautious amid economic headwinds

Inside Retail

Department store chain Myer delivered its highest full-year sales since 2005 this year but remains cautious as consumer spending declines due to unfavourable economic conditions. per cent of total sales – and a 10 per cent increase in productivity gains at physical stores. . Myer’s total sales grew 12.2

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Woolworths plans $370 million rebrand, upgrade of its NZ store network

Inside Retail

Group CEO, Brad Banducci referred to Woolworths Australia opening a store in Wellington back in 1929, illustrating the brand’s legacy there. Countdown stores later took on the same colour scheme and livery as Australian Woolworths stores with the distinctive apple-shaped W turned on its side as a C.

Planning 246
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Behind American Vintage’s bet on the lucrative Chinese fashion market

Inside Retail

Having operated in Asia for more than a decade with Hong Kong as its sole market, the French fashion label American Vintage now has larger ambitions. The brand recently opened its first Mainland China store in Shanghai, and it is just the start of its goal to further capture high-spending Chinese consumers in the region.

Fashion 147
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Macy’s vs. HBC: Two Different Takes on the Ecommerce Spinoff

Retail TouchPoints

After a bit of pushback they have embraced ecommerce, but many of the core functions — merchandising, marketing, customer interactions — tend to still be very store-centric. The market last year was rewarding transformations [like HBC’s] with a higher valuation ,” said Gokki. “ Chairman and CEO R. Brad Martin in an SEC filing.

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Frasers Group set to buy another shopping centre

Retail Gazette

The 350,000 sq ft complex, which opened in 2005, houses retailers such as H&M, Boots, JD Sports, and Pandora, generating an annual income of £4.3m. This autumn, a multi-brand store featuring Frasers, Flannels, and Sports Direct is set to open in the centre, The Times reported. It was put up for sale with an asking price of £25m.

Shopping 119
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How Walmart’s partnership with Unspun is reshaping apparel retailing

Inside Retail

Walmart aims for a greener apparel market Walmart began to invest in fashion brands in 2022, selling items under its George brand – mostly inexpensive t-shirts, shorts and pants priced at $15 or less. The retailer’s Metro 7 fashion brand failed in 2005, and designer labels such as Max Azria and Norma Kamali followed suit.

Apparel 130
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Rajesh Grover on transforming Kanmo Group into an omnichannel machine

Inside Retail

Founded in 2005, the group has successfully built a conglomerate that speaks to the heart of Indonesian consumers. This means omnichannel inventory management, omnichannel marketing, omnichannel operations and fulfilment to omnichannel customer support.