Inside Retail

FEBRUARY 5, 2024

Department store chain Myer expects fiscal first-half sales and net profit to decline year over year amid a challenging trading environment. Online sales account for 21.3 The company forecasts sales to fall 3 per cent to $1.83 billion, despite online sales increasing 2 per cent to $390.1 per cent in comparable sales.

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Net Profit Department Stores Accounting Promotions 303

Retail TouchPoints

AUGUST 30, 2021

Retail rode strong into Q2 2021 as shoppers returned to stores even as digital sales remained elevated. The spring and early summer was an optimistic time for many consumers who finally emerged from lockdowns looking to refresh their wardrobes and find items suited for smaller local outings during the warmer months.

Consumer 325

Consumer Fulfillment Department Stores Sporting Goods 325

Inside Retail

FEBRUARY 8, 2024

million and now account for 21.3 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. It’s no secret that consumer-facing retail has had a tough year trying to stay price-competitive for customers.

Department Stores 264

Department Stores Inventory Management Planning Returns 264

Inside Retail

MAY 3, 2023

per cent year-on-year in March as consumers spent more than $35.3 billion in stores and online, according to data from the Australian Bureau of Statistics (ABS). per cent, department store sales at 4.7 Retail spending rose 5.4 Cafes, restaurants and takeaway sales were up 17 per cent followed by food sales at 8.6

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Department Stores Accessories Accounting Consumer 246

Inside Retail

DECEMBER 29, 2022

Department stores and the foodservice sector drove “unprecedented” Boxing Day sales growth across Australia according to data from the Australian Retailers Association and Westpac DataX. per cent on 2021, with department-store sales of $149 million up by 23.6 billion – 8.6 On Boxing Day, Australians splurged $1.23

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Department Stores Accounting Accessories Apparel 246

Inside Retail

JANUARY 18, 2023

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. Flagship and CBD stores performed particularly well and online sales accounted for 17.2 per cent of turnover, compared with 28.1

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Returns Department Stores Accounting Consumer 246

Retail TouchPoints

JANUARY 27, 2023

Grupo Coppel, which operates one of Mexico’s largest department stores, Coppel , as well as a major banking network in the country, has launched Coppel Access — a mobile wallet designed to provide millions of unbanked and underbanked Mexican consumers in the U.S. with mobile financial services. Developed with Grupo Coppel’s U.S.

Payment Services 147

Payment Services Department Stores Accounting Location 147

Inside Retail

OCTOBER 11, 2021

With occupancy rates under pressure, shopping-centre landlords have already reviewed property valuations to account for tighter rent market conditions and financial concessions required to retain key retail brands. Myer online sales increased by 28 per cent, to $540 million, in FY21, accounting for 20 per cent of total group sales.

Shopping 130

Shopping Consumer Accounting Department Stores 130

Inside Retail

MAY 29, 2024

The booming retail business Aside from the retail properties, SM Investments also has a separate retail arm consisting of about 3850 department stores, supermarkets, hypermarkets and specialty stores. Same-store sales have been increasing at a rate above 6 per cent and twice that at its 74 department stores.

Supermarket 147

Supermarket Department Stores Beauty and Health Specialty Store 147

Inside Retail

MAY 17, 2023

Leasing revenue accounted for more than 90 per cent of the total, at us$1.25 One of the key issues facing Simon and other mall operators is that they are still joined at the hip to department store anchors. And one of the remaining three, Neiman Marcus, is basically an upscale apparel department store. billion ($2.03

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Department Stores Boutique Apparel Accounting 264

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).

Department Stores 246

Department Stores Beauty and Health Accounting Promotions 246

Retail TouchPoints

JANUARY 29, 2021

The holiday may be serving as a form of release for pent-up consumers: nearly three-quarters ( 73% ) of shoppers celebrating Valentine’s Day this year feel it is important to do so given the current state of the pandemic. Just over half ( 52% ) of U.S. adults plan to celebrate Valentine’s Day this year, spending a total of $21.8

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Specialty Store Discount Store Department Stores Planning 306

Retail TouchPoints

NOVEMBER 18, 2022

Online search is the top source of gift inspiration, at 43% , followed by friends and family at 35% and within a store at 31%. The top five categories for gift-giving consumers are clothing at 55% , followed by gift cards at 45% , toys at 37% , books/music/movies/video games at 33% and food/candy at 31%. billion , compared with $28.1

Shopping 277

Shopping Department Stores Planning Accounting 277

Inside Retail

AUGUST 21, 2023

It’s all about growing the brand’s direct-to-consumer and omnichannel presence in the region. A changing mindset According to Jain, the consumer mindset in India has also undergone a profound evolution. It currently accounts for over 10 per cent of the country’s gross domestic product (GDP) and around 8 per cent of its employment.

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Department Stores Consumer Fashion Apparel 130

Retail TouchPoints

NOVEMBER 21, 2023

November and December holiday sales average around 19% of total retail sales, per the NRF , and this share can be even higher for some department stores and specialty retailers. In many ways, the same trends we see in consumers’ Q4 shopping behaviors mirror their TV viewership. Per Adobe Analytics , consumers spent $11.3

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Shopping Specialty Retailers Consumer Department Stores 265

Inside Retail

FEBRUARY 24, 2022

Myer has announced the closure of its Blacktown store in Sydney’s outer west, a move that follows the reduction of footprints of five other stores across Australia. . Since then it has closed stores located at Logan, Hornsby, Emporium and – most recently – Knox, last August.

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Planning Department Stores Accounting Location 246

Inside Retail

APRIL 12, 2023

The country’s growing economy and expanding middle class have created a favourable environment for global brands to set up shop and tap into a new consumer base. It currently accounts for over 10 per cent of the country’s gross domestic product (GDP) and around 8 per cent of the employment.

Department Stores 261

Department Stores Consumer Marketing Accounting 261

Inside Retail

AUGUST 16, 2021

As the quality of living and workers’ wages reached new heights, Western brands spotted a golden opportunity and raced to set up shop in the East to reach China’s 1 billion consumers (and counting). Founded in 2012, lingerie label Neiwai (meaning ‘inside and outside’) is another direct-to-consumer label that began online.

Consumer 130

Consumer Beauty and Health Fashion Accounting 130

Inside Retail

OCTOBER 5, 2023

Australian consumers are continuing to tighten their budgets as the cost-of-living crisis – including high interest rates – bites into their disposable income. The research shows spending on food will account for the largest share of spending in the Christmas lead-up, accounting for $26.7 That will represent a 2.4

Department Stores 130

Department Stores Accounting Apparel Consumer 130

Retail TouchPoints

JULY 14, 2023

Consumers are expected to spend a record $41.5 Spending on these items, along with necessities like food, is expected to account for more than half of the increased BTC spending totals this year. For all back-to-class shoppers, the top retail destinations are ecommerce, department stores and discount stores.

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Discount Store Department Stores Planning Accessories 232

Inside Retail

AUGUST 11, 2021

And this spring, it will unveil a new global design concept through its latest retail partnership with Australian department store, David Jones. “We While Australian consumers can already buy these items from Skims’ global e-commerce site, this will be the first time they can touch or try on items before purchasing.

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Department Stores Fashion Accessories Apparel 246

Retail TouchPoints

NOVEMBER 4, 2020

Consumer preference for online shopping continues to rise, as more purchases are being made online than in stores with each passing year. According to McKinsey , ecommerce sales in apparel, department stores and beauty products have increased by nearly 10%, on average, since the onset of the pandemic.

Merchant Services 317

Merchant Services Payment Services Accounting Jewelry 317

Retail TouchPoints

JANUARY 26, 2022

D:R Consumers are now looking for a transformed shopping experience and ways to express themselves through the products they buy. What does this look like in terms of design, and how does this differ from the traditional department store? This allows them to interact with their brands and demand accountability and communication.

Shopping 286

Shopping Department Stores Accounting Returns 286

Retail TouchPoints

MARCH 1, 2024

He compared the level of interest of a consumer who had simply seen a Natori ad on social media to one who had “gone to the website, added something to their bag and abandoned the cart. That’s much more useful [data] than the first consumer. We also get end-to-end accountability in the supply chain.”

Department Stores 231

Department Stores Wholesale Finance Apparel 231

Inside Retail

MAY 3, 2022

per cent in March compared with the same month last year as the impact of Omicron on consumer shopping behaviour wore off. billion in stores and online in March, eclipsing the previous record of $33.3 Consumer spending rose across both discretionary and non-discretionary industries. Australian retail sales surged 9.4

Department Stores 246

Department Stores Apparel Consumer Accounting 246

Inside Retail

JUNE 9, 2021

Fast-growing Australian online retailer Canningvale plans to relaunch the iconic Singaporean department store Robinsons as an online-only business this month after acquiring the company’s digital assets for an undisclosed sum. Some of the brands have a history with Robinsons, while others are new to the department store. .

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Planning Department Stores Fast Fashion Fulfillment 147

Mass Relators

MARCH 28, 2022

Consumers are eager to return to their pre-pandemic holiday traditions, particularly as it relates to purchasing food and gifts for in-person celebrations this Easter,” NRF President and CEO Matthew Shay said. Friends and family want to be together, and consumers are willing to spend money to make these events memorable.”. on clothing.

Consumer 52

Consumer Discount Store Department Stores Planning 52

Retail TouchPoints

FEBRUARY 23, 2021

Macy’s Q4 and full-year 2020 results show signs of a turnaround for the department store, hard hit, like many of its counterparts, by the COVID-19 pandemic. Net income for the 13 weeks ended Jan.

Department Stores 211

Department Stores Returns Jewelry Apparel 211

Inside Retail

MAY 7, 2024

One of these is a co-operative public-private push to develop consumer goods in categories like clothing, wearable technology, transport, food, pharmaceuticals and leisure goods. Services are now estimated to account for up to 45 per cent of China’s household spending and it is growing. Or wider aisles in their stores.

Payment Services 130

Payment Services Beauty and Health Fashion Accounting 130

Retail Gazette

MAY 22, 2024

The Very Group reduced its losses in its third quarter, as it claimed it managed to deliver a “resilient performance despite market pressures” The online department store group pulled in a £2.1m ” Electricals, which still accounts for 45.8% pre-tax loss for the 39 weeks to 30 March, from an £11.7m

Marketing 67

Marketing Fashion Department Stores Accounting 67

Retail TouchPoints

MAY 20, 2022

Founded in 1977 by Ken’s mother — fashion designer Josie Cruz Natori, who still serves as CEO — company executives started to notice a shift in consumer behavior in the mid- to late-2000s. Loyalty to those stores used to be 100% — a top customer would go to Neiman Marcus for everything and not go anywhere else.

Wholesale 249

Wholesale Department Stores Fashion Social Commerce 249

Inside Retail

MARCH 3, 2024

Sharing the good fortune Another example of a retailer’s growing focus on loyalty programs is Australian department store, Myer. million in total and during FY23 almost 75 per cent of all purchases made at Myer were linked to a Myer One account. Myer One currently has about 4.2 million engaged members of its 7.3

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Supermarket Net Profit Department Stores Checkout 130

Inside Retail

OCTOBER 27, 2022

The brand’s expansion into skincare earlier this year was a resounding success, with the new vertical already accounting for 30 per cent of annual revenue, which is said to be in excess of £50 million ($89 million). million, a fraction of the amount that many other direct-to-consumer businesses have raised to achieve a similar annual revenue.

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Department Stores Advertising Accounting Fashion 246

Retail TouchPoints

JULY 8, 2022

Third-party marketplaces have taken over the online ecosystem — consumers are drawn to the vast product selection, price transparency and convenient delivery options leading marketplaces to become the primary vehicle for many online shoppers. A whopping 92% of U.S. mDesign. “[The The attitude was], don’t sell there, it’ll kill your brand.

Department Stores 264

Department Stores Wholesale Consumer Accounting 264

Inside Retail

FEBRUARY 8, 2023

The space is the upper level of a three-level empty box, the two levels below having been left by upscale department store Bloomingdales , which closed in March 2021. These were underperforming stores that Covid gave a final push. Still, Bloomingdales as a chain of department stores hangs on.

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Department Stores Fast Fashion Shopping Location 130

Inside Retail

NOVEMBER 16, 2022

Lee, who was previously at Kering’s Bottega Veneta , should focus on strengthening its runway, streetwear, and menswear collections to appeal to younger consumers, said Ortelli. Leather goods account for around 20 per cent of Burberry’s sales versus 70 per cent at Bottega Veneta.

Fashion 278

Fashion Department Stores Planning Accounting 278

Retail TouchPoints

MAY 17, 2022

There was a time, not too long ago, when it took a lot of convincing to get consumers to consider secondhand. Now, both consumers and the retailers that serve them are quite willingly jumping on the resale bandwagon, driving an already hot sector toward even further growth. Retailers and Brands Take the Baton.

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Apparel Fast Fashion Fashion Consumer 314