Inside Retail

JANUARY 24, 2022

A “particularly strong” run-up to Christmas saw department-store chain Myer achieve solid sales growth in the five months to January 1, despite the company losing 27 per cent of its brick-and-mortar store trading days due to Covid-related trading restrictions. . Online sales now account for 27.7 per cent the prior year.

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Retail TouchPoints

AUGUST 11, 2022

Plaines will lead all financial activities across the retailer, with the goal of driving best-in-class execution across functions including financial strategy, real estate, capital deployment, credit services, sourcing and procurement, treasury and accounting. Plaines is the department store retailer’s third C-level hire this year.

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Inside Retail

APRIL 12, 2022

Woolworths Holdings’ initial reaction to a report in The Australian about the potential sale of the department store chain was a blunt ‘no comment’ But subsequently, a spokesperson said the retailer is not exiting Australia. Alternate interpretations. While Myer booked a $32.3 million profit on an 8.5

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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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Inside Retail

AUGUST 23, 2023

Discount department store chain Big W, meanwhile, saw earnings jump 165 per cent to $145 million. There were extenuating circumstances, but we also feel accountable for what happened,” Banducci said. Earnings before interest and tax (EBIT) from the company’s Australian supermarkets rose 19.1 per cent to $249 million.

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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 According to Rosanna Iacono, managing partner of strategy consultancy The Growth Activists, there are three key factors driving Skims’ success.

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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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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. Macy’s has managed its liquidity with a benefit from working capital, while navigating the challenging environment with inventories declining 27% and cash of approximately $1.7

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Department Stores Returns Jewelry Apparel 211

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. ‘A

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365 Retail

AUGUST 19, 2021

John Lewis will offer new savings accounts for customers amid a diversification push away from retail. The high street institution’s Individual Savings Accounts for both adults and children will launch on Thursday through a collaboration with digital wealth manager Nutmeg.

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Inside Retail

JUNE 24, 2021

Martin Wood, who joined Cartology last year from oOh Media, has been promoted to head of Strategic Partnerships and Matt Gower, former head of Research at News Corp, has joined the business as senior manager of Research and Insights. Donna James, managing director at Lardon & Associates LLC, will be the new chair.

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Department Stores Management Apparel Accounting 147

Inside Retail

AUGUST 31, 2023

There is also a view that the breakup strategy could fund further acquisitions, including the Myer department store chain in which he has already built a substantial shareholding. Most punters think the move is about unlocking value in the businesses while pursuing growth via more focused entities.

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Inside Retail

AUGUST 21, 2023

Featuring the brand’s NextGen store concept, the space was designed to redefine the Indian shopping experience. It currently accounts for over 10 per cent of the country’s gross domestic product (GDP) and around 8 per cent of its employment. India is the world’s fifth-largest global destination in the retail space.

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Department Stores Consumer Fashion Apparel 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

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Retail TouchPoints

JANUARY 26, 2022

Q&A with Alec Zaballero, Managing Executive/Studio Director, TPG Architecture. 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.

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Shopping Department Stores Accounting Returns 272

Inside Retail

APRIL 14, 2024

In an industry with a very high percentage of female employees and, positively, strong representation in management ranks, there is still room at the top for many more women in leadership roles as CEO and company directors in major retailers. The retail industry accounts for 9.8 per cent of the total Australian workforce with around 1.5

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Inside Retail

NOVEMBER 16, 2022

Burberry has lagged competitors like Gucci, Prada and Loewe in creating a sharp brand in recent years and Lee will play an “important part in re-igniting interest”, said Mario Ortelli, managing partner at advisory firm Ortelli&Co. Burberry should also expand its leather goods and footwear business, Ortelli said.

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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. A complicated scene According to Dr Seshan Ramaswami, associate professor of marketing education at Singapore Management University, the Indian retail industry is complicated, as indeed India’s overall market.

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Department Stores Consumer Marketing Accounting 261

Inside Retail

MAY 7, 2024

Janice Chia, Managing Director of Ageing Asia, which is staging the Singapore conference, said Singapore’s ageing market potential would reach an estimated US$72 billion by next year. Services are now estimated to account for up to 45 per cent of China’s household spending and it is growing. Retailers will want a big slice of it.

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Retail Gazette

APRIL 8, 2024

NODL licenses the brand in the UK and Europe from Authentic Brands Group (ABG), the brand management group which owns Reebok, Forever 21 and David Beckham which bought Ted Baker for £211m just 18 months ago. But the brand’s problems predate Debenhams’ demise in 2020. “I don’t think the range moved on particularly.

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Department Stores Fashion Returns Accounting 104

Retail TouchPoints

NOVEMBER 7, 2023

Typically, ORC is reliant on a single entity, like an address, credit card or store account that connects a complex crime ring across retail stores. What’s more, these scenarios are also becoming more blatant in recent months as fraudsters have raided and ransacked department stores.

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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. But it’s not just the retail behemoths that can save money and even improve customer experience with a back-end review. Smaller retailers can, too.

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Retail TouchPoints

AUGUST 30, 2021

I’m not an accountant, but stores are on the asset side of the balance sheet for a reason, and they need to be leveraged as much as possible to squeeze as much out of them as you can.”. However, the department store still has work to do when it comes to its merchandising efforts. Foot Locker managed solid 6.9%

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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. Christmas is historically the largest day for new Roku account creation — causing an uptick in streaming audience reach. this year to surpass $1.3

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Retail TouchPoints

JUNE 19, 2023

Impulse spending accounts for a sizable chunk of retail revenue. In our research, consumers reported that between 13% and 22% of their total bill in stores was made up of impulse items, depending on the type of retailer shopped. Prime members impulse purchase 30% more at department stores than non-Prime members, our study showed.

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Inside Retail

OCTOBER 13, 2022

My first retail project, or my first account was Victoria’s Secret. So it was interesting handling a lingerie project as my first account. I was the project manager, design manager and through the years, I became the leader of the retail practice area. I also became the director for a lot of our projects and accounts.

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Retail TouchPoints

JULY 8, 2022

consumers use online marketplaces , and those marketplaces account for 42% of consumers’ total online shopping spend on average. Earlier in my career] I worked for many specialty brands and department stores where we sort of fought Amazon,” said Stacey Renfro, CEO of the born-on-Amazon home décor brand? A whopping 92% of U.S.

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Department Stores Wholesale Consumer Accounting 241

Retail TouchPoints

SEPTEMBER 28, 2020

Retailers will need to account for the heightened demand for home deliveries from COVID-19, which has incentivized many retailers to form new relationships with Instacart, Shipt, DoorDash and other services that enable home delivery at scale. The pandemic has negatively impacted the department stores’ businesses.

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Inside Retail

JUNE 22, 2021

Starts at 60’s move into e-commerce comes as health concerns and store closures due to the global pandemic continue to drive more seniors to shop online. Since shifting to a department store model, the company’s online offering has skyrocketed from around 30-50,000 SKUs to 700,000 SKUs at the end of May 2021.

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Payment Services Department Stores Shopping Consumer 236

Inside Retail

FEBRUARY 20, 2023

This has been good news for retail spending that is linked to social settings, such as clothing and shoes and department stores. Taking all this and the end of the reopening boom into account, consumer spending is set to grow by less than 2 per cent in 2023, down from over 6.5 Domestic travel has fully rebounded, with 27.7

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Department Stores Returns Consumer Marketing 246

Retail TouchPoints

JUNE 21, 2021

Wind cited the pandemic as recent proof of this: retailers with agile online operations were able to shift to a last mile and curbside pickup-focused model almost immediately, while those with a weaker digital presence (like many department stores) found themselves falling further behind. The same lesson applies to any organization.”.

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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 per cent during the same period.

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Inside Retail

FEBRUARY 27, 2023

The most significant annual increases in retail were seen in specialty retail stores, alcohol goods, family clothing stores and discount stores. Meanwhile, spending declined in department stores, home supply warehouses, household appliances and furniture categories.

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Inside Retail

MARCH 21, 2024

American management consulting firm Bain & Company reported that global luxury sales were down by 22 per cent with the onslaught of the pandemic in 2020. Printemps, the famous French department store, has dedicated its top floor (with René Binet domed stained glass ceiling, Parisian views and balcony) to vintage resale, dubbed 7th Heaven.

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Inside Retail

MAY 18, 2021

Retail design firm Green Room led the construction, working with the brand’s Under Armour US and EU global store design and brand teams, as well as its partner in Athlocity. It’s a gamechanger for the brand,” said Lee Devon, vice president and general manager at Athlocity for Under Armour. billion in annual economic output. “The

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Accounting Department Stores Shopping Accessories 147

Inside Retail

DECEMBER 18, 2023

Chadstone centre manager Daniel Boyle told Inside Retail, “We have a multitude of offerings available to shoppers to make their Christmas shopping experience both full of festivities and seamless. Food for thought Natalie Davis, managing director of Woolworths Supermarkets, shared with Inside Retail that Woolworths expects to sell 2.8

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Retail Gazette

OCTOBER 5, 2023

Price stepped down as deputy chairman and managing director of Waitrose in 2016 after 33 years at the business. Alison Brittain Alison Brittain, currently chair of John Lewis’ big rival in homewares Dunelm and the Premier League, could be a good fit for the department store and grocery group.

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Supermarket Department Stores Grocer Returns 109