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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. “Our online offer is a scale business that returned to growth in the second half and has continued to increase market share throughout FY23.”

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Grosvenor appoints new Liverpool ONE lead

Retail Focus

Chris joined Grosvenor in 2005 and has held various finance positions in Grosvenor Property UK and the broader Grosvenor business. I joined Grosvenor in 2005 to work on the project, so to return and lead the team into the 15-year anniversary of Liverpool ONE is very rewarding. .

Finance 182
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Acclaimed artist, Kristjana S Williams, returns to Carnaby to launch public mural and seasonal pop-up

A1 Retail

Simon Quayle, Shaftesbury Executive Director says: “Kristjana has been part of the Carnaby community since she opened ‘Beyond the Valley’ in 2005. The post Acclaimed artist, Kristjana S Williams, returns to Carnaby to launch public mural and seasonal pop-up appeared first on A1 Retail Magazine.

Returns 52
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In Paris without tourists, LVMH unveils Samaritaine store revamp

Inside Retail

Eleonore de Boysson, the Europe and Middle East head of DFS Group – a retail and duty free company majority owned by LVMH which runs the department store – said it may take one or two years for tourists to return en masse to France. La Samaritaine expects around 5 million visitors a year when things go back to normal.

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Sephora Celebrates UK Expansion with VIP Launch Event for Second Store in Westfield Stratford City

365 Retail

Sephora’s return to the UK retail scene has been strategic and impactful. The beauty giant initially exited the UK market in 2005 but made a strong comeback in 2021 through the acquisition of Feelunique, subsequently rebranding and relaunching the site in October 2022.

Returns 103
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First Quarter Feedback for Grocery Retail: Insights from the Start of 2021

Retail TouchPoints

Even with a variety of retailer supply chain strategies driving improved ecommerce economies and efficiencies, consumers are increasingly returning to physical stores, and retailers can look forward to regular, consistent foot traffic in the year ahead. He has been analyzing consumer promotions for more than 20 years.

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How Brands Large and Small are Leaning into the Amazon Effect to Compete

Retail TouchPoints

Since Amazon Prime’s inception 15 years ago, Amazon has only increased the annual membership cost three times — rising from $79 per year in 2005 to $119 in 2018. The purchasing power of $79 in 2005 equals about $109.90 Walmart Marketplace as an Amazon alternative.