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Analysis: How Australian department stores can thrive in a post-Covid world

Inside Retail

Those brands that have avoided bankruptcy have often been forced to undertake aggressive cost reduction and store closures. Department stores have been particularly impacted, with consumers forced online during the pandemic now choosing to buy direct from brands or from more price-competitive online marketplaces.

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The China Syndrome: Japan department stores missing tourist shoppers

Inside Retail

Isetan-Mitsukoshi is a storied department store chain with 15 units in Japan, including five in the Tokyo metropolitan area. One of them, the Isetan flagship in Shinjuku, boasts the highest sales of any department store in Japan. This was one of the factors leading to the introduction of dedicated tax-free checkouts.).

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Myer, American Express seal loyalty partnership

Inside Retail

Amex card holders can now use their membership rewards points at the online checkout and earn Myer One credit on any purchase where rewards points are redeemed. In January, roval department store David Jones replaced its long-term credit card partner American Express with Latitude which will be launched in September.

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Smaller Formats May Pave the Future Path for Macy’s

Retail TouchPoints

Macy’s will expand its off-mall presence by opening additional Market by Macy’s and Bloomie’s shops — smaller versions of the Macy’s and Bloomingdale’s department stores, respectively — even as it shutters full-size stores. growth at Bloomingdale’s stores during the same period. This was compared to a 3.3%

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Can Kohl’s New Merchandising Strategy Create Holiday Magic?

Retail TouchPoints

While discounts and deals will be core, the ailing department store chain is also prioritizing in-store merchandising and curation to improve the customer experience. To make finding the perfect gift even easier, Kohl’s has developed a new front-of-store experience, aptly called Gift Shop, that is curated for various holiday gifting needs.

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

Inside Retail

Discount department store chain Big W, meanwhile, saw earnings jump 165 per cent to $145 million. Leah Weckert, CEO of rival Australian supermarket Coles, noted on Tuesday that higher levels of theft has become an industry issue , and is not confined to the Australian market. per cent over the financial year to $2.8

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

Inside Retail

The loyalty market in the Asia Pacific (Apac) region is expected to grow by 11 per cent annually, to reach US$52.05 Sharing the good fortune Another example of a retailer’s growing focus on loyalty programs is Australian department store, Myer. billion in 2024. million active members, with 5.2