Inside Retail

APRIL 20, 2022

The deal, effective April 26, will aggregate 26 brands and 15 character licences, operate in 300 retail locations across Australia and New Zealand and employ 3000 staff. The company will also run some 250 wholesale accounts both locally and internationally. Brand Collective plans to expand the Shoe Warehouse network.

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Department Stores Wholesale Apparel Fashion 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.

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Payment Services Department Stores Accounting Location 146

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

MAY 29, 2024

A number of these cities are located on former military bases that have been gradually restored to life thanks to partnerships between the company and Philippines government. Same-store sales have been increasing at a rate above 6 per cent and twice that at its 74 department stores. billion Philippine pesos (US$1.3

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Supermarket Department Stores Beauty and Health Specialty Store 147

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

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. 22 Macy’s announced plans to close 45 stores by mid-2021, according to CNBC , part of a previously announced plan to close 125 locations by 2023.

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Department Stores Returns Jewelry Apparel 210

Inside Retail

AUGUST 21, 2023

In April of this year, Levi’s opened its largest bricks-and-mortar location in Asia in the Indian city of Bangalore. Featuring the brand’s NextGen store concept, the space was designed to redefine the Indian shopping experience. The rise of luxury brands In recent years, India has emerged as a major market for global brands.

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Department Stores Consumer Fashion Apparel 130

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. Even before Covid, the Santa Monica location was reportedly among the lowest grossing of its owner, Pacific Theatres’, 17-cinema chain.

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Department Stores Fast Fashion Shopping Location 130

Retail TouchPoints

MAY 22, 2023

Today, Curacao operates stores that are at least 100,000 square feet in size and cover four main verticals — electronics, home, fashion, kids and babies — and 17 different subcategories. We don’t want to be just a store that sells stuff that everyone else sells ,” said Nerubay.

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Payment Services Department Stores Shipping Accounting 277

Inside Retail

APRIL 14, 2024

So, it came as a surprise to some when the LVMH-owned retailer announced on its Korean social media accounts that it would be gradually terminating all its operations in South Korea, including its app, online store, and physical stores, beginning May 6.

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Location Department Stores Consumer Marketing 130

Inside Retail

APRIL 12, 2023

It currently accounts for over 10 per cent of the country’s gross domestic product (GDP) and around 8 per cent of the employment. Galeries Lafayette is renowned globally for its flagship location at Boulevard Haussmann in Paris. India is the world’s fifth-largest global destination in the retail space.

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Department Stores Consumer Marketing Accounting 257

Inside Retail

DECEMBER 19, 2022

The location of the new mall ensures that Aeon gets a slice of the booming and until recently under-retailed southern section of Phnom Penh strung out along the north-south-running Hun Sen Boulevard. Both Glam Boutique and Aeon Wellness are well established in neighboring Vietnam, where there are eight stores.

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Retail TouchPoints

MAY 29, 2020

Nordstrom, like many other department stores, had a much weaker quarter: overall sales fell 40% , with full-price locations dropping 36% and the off-price division declining 45%. The declines were attributed to store closures, though the retailer has reopened about 40%.

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Department Stores Operating Expenses Store Operations Apparel 150

Inside Retail

JUNE 21, 2021

The viability of the two iconic department store chains, Myer and David Jones, has been seriously analysed and debated since a merger proposal by Myer was revealed in 2014. The financial collapse of traditional US and UK department stores and the impact of the pandemic has increased industry scrutiny on Myer and David Jones.

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Department Stores ATS Net Profit Planning 103

Inside Retail

AUGUST 1, 2023

Australian retail conglomerate Wesfarmers is doing exactly that as it undertakes a merger of the back-end services of its discount department store chains, Kmart and Target. This can create data silos where similar data is captured in multiple locations. Smaller retailers can, too.

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Customer Experience Department Stores Promotions Checkout 246

Inside Retail

JANUARY 3, 2024

It offered a smorgasbord of independently owned shops, national and international chain stores and department stores. These were located in laneways, shopping arcades, main streets and multistorey shopping centres. For others a trip to the CBD allowed them to treat themselves and meet friends at the department store cafe.

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Department Stores Shopping Outdoor Consumer 147

Inside Retail

JUNE 3, 2021

The company’s stores in CBD locations and large shopping centres have continued suffering compared to before the pandemic, with sales down 12 per cent compared on a 48 week period to 30 May. The remainder of the company’s store network traded up 0.9 After a blockbuster first half that saw net profit soar 46.5

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Retail TouchPoints

JANUARY 25, 2023

Over the past three years, most of us have done a lot more shopping online, so it’s easy to forget that while ecommerce is still growing, most retail commerce still happens in stores. In Q3 2022, ecommerce accounted for less than 15% of all retail sales. Even the mirrors are lit for optimal selfie results.

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Store Layout Sporting Goods Consumer Location 216

Inside Retail

JANUARY 10, 2024

A new GenAI search experience, which is live on iOS for all customers within the latest version of its app, is now available for all customers who are logged into their Walmart account. The company also intends to build its own EV-fast charging network at thousands of Walmart and Sam’s Club locations coast-to-coast by the end of 2030.

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Shopping Payment Services Social Commerce Checkout 243

Inside Retail

MAY 3, 2023

Vincom tries to cover itself with four tailored formats: Vincom Center, which is designed for high-density locations; Vincom Mega Mall, a retail/entertainment concept averaging about 110,000sqm of gross floor area (GFA); and Vincom+ and Vincom Plaza, two formats that are oriented toward smaller provincial cities.

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Home Furnishings Sporting Goods Department Stores Location 130

Inside Retail

MAY 24, 2023

She told Inside Retail that BNPL had been boosted by Covid-19 restrictions and the shift to an omnichannel approach in recent years, with strong demand by customers when shopping online and in department stores. Given that the average consumer has two BNPL accounts we are looking at a debt multiplier effect.

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Payment Services Consumer Accounting Department Stores 147

Retail TouchPoints

JULY 27, 2021

Selfridges ’ owners have launched a formal auction to sell the department store chain, which has been valued as high as £4 billion ( $5.5 A successful deal could see two of the UK’s most historic department stores coming together under a single owner. billion U.S. ), according to Yahoo! in January 2021. in January 2021.

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Department Stores Fashion Accounting Location 287

Inside Retail

MAY 18, 2021

Macy’s is renewing its commitment to its flagship Herald Square, New York, store with a US$235 million plan to turn the surrounding neighbourhood into a pedestrian-friendly, modern space with subway access, improved transit connections and elevators that meet ADA [Americans with Disabilities Act] guidelines.

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Accounting Department Stores Shopping Accessories 135

Inside Retail

APRIL 12, 2022

Currently, it has 33, with 22 of them in China, which account for about 75% of the operating revenue. Like the first two, Aeon plans to tailor the tenant mix closely to the local demographics, which differ materially in each of the three locations. It also had its eye on Myanmar but the politics there have put that on hold.)

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Department Stores Shopping Accessories Planning 130

Inside Retail

DECEMBER 18, 2023

Visitors can even join in the fun and join the daily search for Chadstone’s very own 3m tall Elf On The Shelf who has been popping up in a new location daily from December 1 [to] Christmas Eve.” per cent higher than last year, with ultra-luxury brands expected to be most disappointed in sales this year.

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Inside Retail

DECEMBER 10, 2023

Bergh, who has served as president and CEO of Levi Strauss & Co since 2011, is reflecting on his legacy as he prepares to hand over the reins of the $6 billion global business to his successor Michelle Gass, the former CEO of American department store chain Kohl’s, who joined Levi’s earlier this year.

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Consumer Marketing Department Stores Fashion 243

Independent Retailer

FEBRUARY 24, 2022

MAGIC’s full 2022 schedule will include a combination of locations and formats, designed to deliver a greater assortment, more diversity, and higher value business opportunities for the trend and young contemporary markets. New Buying Opportunities for Retailers.

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Accessories Fashion Apparel Returns 83

VMS

JANUARY 25, 2022

This accounts for an average of 16.6 According to NRF, online sales accounted for $1.050 trillion of total U.S. Its performance-improvement solutions yield measurable results with significant return on investment among retail store, ecommerce, and inventory functions. percent of total U.S. The 2021 total rate of returns (16.6

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Returns Loss Prevention Payment Services Visual Merchandising 52

Inside Retail

OCTOBER 18, 2021

Surprisingly, new launches accounted for only a small percentage of the sales. Launching a new product during the pandemic did present a challenge for brands, due to the lack of foot traffic in department stores and the difficulties navigating contactless testers. The post Forget the lipstick effect.

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Boutique Department Stores Consumer Returns 147

Inside Retail

OCTOBER 5, 2022

In 2021, the UK department store John Lewis capitalised on the hybrid working trend by opening new locations close to where people live. Take the personal Instagram account of Saeed Al-Rubeyi , founder of a craft-based clothing company Story mfg. Meeting the demand for local can help brands foster stronger trust. .

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Department Stores Fashion Returns Advertising 130

Indigo 9 Digital

MARCH 31, 2023

A trend that has been in place over the last several years is that luxury brands continue to open their own stores and bolster their own eCommerce capabilities. This has resulted in many luxury brands lessening their reliance on wholesale accounts like Nordstrom. Shareholder drama. Let’s take the case of Kohl’s. Why does this matter?

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Apparel Department Stores Wholesale Beauty and Health 97

Retalon

JANUARY 7, 2021

Account for more variables in your seasonal merchandise planning. Although it’s possible to account for some of these variables using spreadsheets and typical ERP features — it becomes nearly impossible when you factor in the complexity of multiple stores, channels, and thousands of SKUs. But this is easier said than done.

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Markdowns Promotions Planning Accounting 41

Small Biz Trends

JULY 8, 2021

The retail industry in the US accounts for 18.7 % of total gross domestic product (GDP). image: SCORE If you want to run a successful retail store, you should not only know about how to open a retail store but also what kind of retail store (big or small) you want to open. These occupations account for 6.3%

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Specialty Store Specialty Retailers Social Commerce Advertising 138

Indigo 9 Digital

JANUARY 12, 2023

But it has managed to be the second largest clothing retailer in the United States, behind Amazon, another retailer that doesn’t have the best assortment in clothing, a key department store staple. It’s not that eCommerce isn’t important because it is but when it accounts for 14.1% The New York Times writes that: “Mr.

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Merchant Services Consumer Management Department Stores 111

Retail TouchPoints

SEPTEMBER 9, 2020

Stores begin by slimming down on-premise inventories to account for lower traffic. The laggards are those we now read about in the headlines as entering bankruptcy, with large department stores often mentioned. As a result, retail locations are empowered in ways previously unheard of. billion in 2021.

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Department Stores Point of Sale Location Marketing 188

Inside Retail

JULY 26, 2021

The company, which operates 246 bricks-and-mortar stores and a fast-growing online platform across the Best & Less and Postie chains in Australia and New Zealand, primarily targets women shopping for their families with its strong baby and kids apparel offering. On being everyday low cost.

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Planning Department Stores Shipping Specialty Retailers 130

Inside Retail

APRIL 18, 2022

Trained as a milliner, she opened her first boutique in 1972 and through determination and grit, she has grown it into Feathers, a national women’s fashion brand that is sold through a handful of standalone bricks-and-mortar locations and in Myer. IR: Department stores have been one of the big shifts in retail in the last few decades.

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Fashion Department Stores Fast Fashion Shopping 130