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Why department stores are thriving in Japan even as the US sector shrinks

Inside Retail

For once, department stores are leading a retail sales recovery instead of lagging it. Supermarkets (5,921 stores) gained 1.8 per cent but the big winners were department stores (190 of them) performing well above the average, with a 13.5 Meanwhile, Isetan Mitsukoshi’s five Tokyo-area stores had sales growth of 23.2

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U.S. Apparel Resale to Double in Next Five Years, Fueled by Retailers and Brands

Retail TouchPoints

secondhand market is projected to double in the next five years, reaching $82 billion by 2026, according to ThredUP ’s 10 th annual Resale Report , conducted in partnership with GlobalData. The fact that thrifting is now trendy doesn’t fully account for the huge growth in the sector — economics have also played a big role.

Apparel 295
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How Canningvale plans to take Robinsons Singapore back to its roots

Inside Retail

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. .

Planning 147
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Is Korea’s Arte Museum the future of experiential retail?

Inside Retail

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. The closure of the Arclight Cinemas at Santa Monica Place came as no surprise, as the whole Los Angeles movie theatre market was hammered by Covid-driven closures.

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Forever 21: 4 Reasons it Failed & Filed for Bankruptcy

Indigo 9 Digital

New ultra fast fashion competitors like ASOS and Boohoo entered the market and did what Forever 21 did but better. Not only are these retailers fast to market with their trendy designs they are also skilled eCommerce operators. Something has to be said about a first mover advantage, it makes things easier.

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Candles to cleaning: Diptyque finds beauty “where no beauty is expected”

Inside Retail

In a crowded market like the home fragrance category, where everyone from fast fashion and beauty brands to discount department stores and pharmacists are selling candles, it’s near impossible to create and retain cut-through, much less develop an iconic brand synonymous with luxury and quality like 60-year-old Parisian brand Diptyque.

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2023 in review: 8 stories that rocked retail this year

Retail Gazette

The business had been faltering for some time as it failed to keep up with value rivals B&M, Poundland and Home Bargains, which have all been growing rapidly and stealing its market share. It acquired online fast fashion retailer Missguided from Frasers this year and has also expressed an interest in making a bid for Topshop.

Grocer 103