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Myer’s sales decline despite higher online sales

Inside Retail

The department store chain booked sales of $1.59 per cent, impacted by the temporary closure of the Werribee store from February 14 to November 29. Its online store sales rose 2.8 Myer’s sales declined in the 22 weeks ended December 28 amid challenging trading conditions. billion, down 0.8

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Amazon to test department stores in offline expansion

Inside Retail

Amazon.com is to open several department stores in its home US market to test the concept as it continues to build out its multichannel business model. Department stores’ share of the overall US market has fallen from 14.5 The move by Amazon will be experimental at first,” said Neil Saunders, MD at GlobalData Retail.

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ABS finds steady growth in spending in Australian retail sector

Inside Retail

Cosmetics, sports and household goods saw the highest increase at 5.3 per cent at on cafes, restaurants and on takeaways. The modest rate cut from the Reserve Bank of Australia in May will help bolster consumer confidence in the coming months, said Rodwell. Data from the Australian Bureau of Statistics (ABS) has found a 3.8

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Japan’s retail sector faces challenges amid weak consumer confidence

Inside Retail

It isnt just the chocolate itself thats at risk: the cost of the packing materials where the sweet stuff reposes is through the roof as well. It all adds up to a nasty bite to the pocketbook of consumers everywhere who are looking to shower one of the worlds favourite romantic gifts on their loved ones. per cent mini-bubble in 2023.

Consumer 130
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Loss-making Surfstitch, Ginger & Smart sold to a mystery buyer

Inside Retail

SurfStitch, meanwhile, has not been able to compete with Shein and Temu, who provide cheaper options for consumers. Ginger & Smart was founded by Alexandra and Genevieve Smart in 2002 and earned a listing with department store chain David Jones. Inside Retail has reached out to Alquemie for further comment.

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Why consumer spending in one retail category is outpacing all others

Inside Retail

year-on-year, inflation continues to be higher at 2.8 At a sub-category level, there are even bigger movers, which present opportunities for some retailers and heightened competition for others. At a sub-category level, there are even bigger movers, which present opportunities for some retailers and heightened competition for others.

Consumer 147
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Strong boost in Australian retail sales in October, says ABS data

Inside Retail

billion, and department stores climbed 0.4 Cafes, restaurants, and takeaways grew 2.3 per cent to $5.48 billion, while clothing, footwear and accessories increased 1.7 per cent to $3.02 per cent to $1.91 ” The post Strong boost in Australian retail sales in October, says ABS data appeared first on Inside Retail Australia. .