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Services and the mid-market: Takashimaya’s post-tourism plan

Inside Retail

On April 17, Takashimaya, Japans upscale department store company, released the results for its fiscal year ending February 28. per cent from the preceding year, to breach 1 trillion yen (US$7 billion) for the first time since 2007. The latter two stores ran a slight operating loss and underperformed company expectations.

Planning 130
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Country Road brands to return to Myer after David Jones separation

Inside Retail

Woolworth Holdings’ sale of the David Jones department-store business has cleared the way for the brands of its Country Road Group division to return to the shelves of Myer. Woolworth Holdings bought a controlling interest in Country Road in 1998 and acquired Witchery Group in 2007 to create Country Road Group.

Returns 247
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Inside Natori’s Transformation from High-End Wholesaler to Omnichannel Brand

Retail TouchPoints

When I joined in 2007] I tried to stay behind the scenes, but at one point we needed somebody to lead the investigation and eventual implementation of this whole new ecommerce business model that none of the employees, and certainly none of the executives, either wanted to do or had the capability to do,” Natori added. “

Wholesale 275
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7-Eleven parent to sell Sogo & Seibu for US$1.4 billion – report

Inside Retail

Seven & I Holdings, which owns 7-Eleven chain, is set to sell its department store chain Sogo & Seibu to US fund Fortress for US$1.4 The site also said Japanese home appliance store operator Yodobashi Holdings is considering buying some of the Sogo & Seibu sites and diverting proceeds to the US fund.

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How Natori Used AI to Sharpen Retargeting and Achieve a 943% ROAS

Retail TouchPoints

She left a prestigious Wall Street position to start the company; similarly, Ken left a career in finance to join the company in 2007. That [department store] channel has had its issues in terms of growth, but [these retailers] are just as important to us as our dot-com business,” said Natori. “We

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Fenwick hires new CEO as several execs exit

Retail Gazette

Fenwick has named department store veteran Nigel Blow as its next chief executive as it prepares for its “next stage of growth”. The incoming chief executive is the current boss of London-based department store Morleys after joining the retailer in 2019. He started his career in 1992 as chief merchant in Harrods.

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Why the Kmart-Target back end merger has been a decade in the making

Inside Retail

After 17 years of running its discount department stores separately, retail conglomerate Wesfarmers announced earlier this week that it would be consolidating the back end operation of Kmart Australia and Target Australia.