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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. Large specialty stores selling home appliances (2,667 of them) were down by 4.6 per cent and home improvement sales (4,440 stores) were down 0.4 Supermarkets (5,921 stores) gained 1.8 per cent) stores.

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Department stores still drive retail sales growth in Japan – for now

Inside Retail

Japan’s department stores bear a striking resemblance to cruise ships: they’re big, luxurious, move glacially and serve an ageing customer. Japan’s Ministry of Economy, Trade and Industry (METI) reports that department stores led the retail sales recovery through the first five months of the year. per cent gain.

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Why it’s good to be a mall operator in the Philippines right now

Inside Retail

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.

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How scrutiny over prices could impact Coles’ and Woolworths’ loyalty programs

Inside Retail

In Australia, the growing importance of loyalty programs could be seen in the half-year results of both Coles and Woolworths , the country’s leading supermarkets, which reported that the e-commerce, digital and loyalty aspects of the business were responsible for strong growth. Myer One currently has about 4.2 million active members, with 5.2

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“Back to what good looks like”: The ups and downs of Woolworths’ FY23

Inside Retail

Australian retail giant Woolworths Group reported solid FY23 results on Wednesday , showcasing the supermarket sector’s resilience in the face of dropping consumer spend. Earnings before interest and tax (EBIT) from the company’s Australian supermarkets rose 19.1 per cent over the financial year to $2.8 per cent to $249 million.

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MCoBeauty CEO Shelley Sullivan on bringing ‘masstige’ makeup to the US market

Inside Retail

The supermarket environment works so well for MCoBeauty, it has provided a loyal – and growing – customer base. MCoBeauty is the number one beauty brand at Woolworths and Big W, and I believe that we will be top sellers at [American supermarket chain] Kroger, too. IR: Any plans for an MCoBeauty retail store in the US or Australia?

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An outdoor park and walking track: Inside Aeon’s latest mall in Cambodia

Inside Retail

Being a retailer as well as a shopping centre brand, the centre is anchored, like Aeon 1 and Aeon Sen Sok, by one of Aeon’s own massive department stores, which sits on two levels and covers an area of 16,000sqm. Both Glam Boutique and Aeon Wellness are well established in neighboring Vietnam, where there are eight stores.

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