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The Top Shopping Mall Trends To Watch Over the Next Decade

Indigo 9 Digital

Department stores, a mall staple, have been in decline for at least a decade. Between 2007 and 2018 the number of department stores in the United States declined by 1,159 while the segment featuring the highest growth, dollar stores, saw its store count increase by 12,535 stores.

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Forever 21: 4 Reasons it Failed & Filed for Bankruptcy

Indigo 9 Digital

After Forever 21 opened its first store in 1984 in the United States fast fashion started to gain in popularity. Although clothing is a department store staple retailers like Sears or specialty retailers like Gap couldn’t keep up with a more nimble fast fashion retailer like Forever 21.

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Why Direct to Consumer Brands Struggle with Profitability

Indigo 9 Digital

Take department store Kohl’s, last year its marketing costs were only 4.9% in 2020 highlighting the high customer acquisition costs direct-to-consumer retailers often face. At that time Facebook was less inundated with ads and direct-to-consumer retailers took advantage of that. million or 32% of its revenue.

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Loyalty Programs: Personalization Is the Key To Keeping Shoppers Interested

Rangeme

Many Brits sign up to a grocery store’s loyalty program in order to get rewards from a partner brand, such as Tesco (partners include Disney+, Pizza Express) and Waitrose (partners with John Lewis department store). Grocery store loyalty programs in the U.S.

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Nike’s eCommerce Strategy, 4 Reasons Why Digital Sales are Soaring

Indigo 9 Digital

“As part of our recently announced Consumer Direct Acceleration strategy, we are doubling down on our approach with Nike Digital and our owned stores, as well as a smaller number of strategic partners who share our vision to create a consistent, connected, and modern shopping experience,” Nike said in a statement. Do you like this content?

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Nordstrom Leaves Canada, 9 Reasons Why

Indigo 9 Digital

In one year, this year, Nordstrom is opening 20 Rack stores in the United States. In Canada, the first Nordstrom Rack store opened in 2018 and five years later there are a total of seven of these stores, hardly a sign of a retailer moving too fast. It can mean trusting an expert to pick out a selection of items.”

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6 Reasons Walmart’s eCommerce Strategy is Winning

Indigo 9 Digital

Think about the days when Sears was the largest retailer in the world. The fall of Sears and other department stores has only served to usher in a new kind of department store, the big box store. Customers love it but it’s costly for retailers. Do you like this content? eCommerce isn’t cheap.