Retail TouchPoints

MAY 6, 2021

Yet as pundits ponder the death of the department store, the industry is racing to reimagine where and how it sells goods. The problem became even more acute amid the pandemic, with consumers increasingly coming to expect free delivery and returns. Some 300 of Tesco’s 7,200 stores fulfill orders in a similar fashion.

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Retail TouchPoints

JANUARY 24, 2024

Millennials and Gen Z want not only attractive stores but also a dynamic, engaging environment — creating a threshold effect, drawing people in from the storefront window with the promise of an experiential journey and memorable impact.

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Retail TouchPoints

SEPTEMBER 29, 2022

A little less than year after first announcing its plans, Macy’s has joined the ranks of other major retailers such as Walmart and Target with the debut of its own third-party marketplace. At launch, 20% percent of marketplace sellers and brands are from underrepresented enterprises.

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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. 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 211

Inside Retail

MARCH 10, 2022

After a rollercoaster six months of lockdowns, Christmas and Omicron, department store Myer yesterday delivered a strong half year result with net profit up 55 per cent and its first dividend payment since FY17. Loyalty is king.

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Retail TouchPoints

DECEMBER 16, 2022

from November 2021, according to Commerce Department data. The decline occurred despite muted inflation of just 0.1% , according to the Bureau of Labor Statistics’ Consumer Price Index (CPI). Department stores saw a 2.9% decline, furniture and home furnishings stores reported a 2.6% Retail sales fell 0.6%

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Inside Retail

JANUARY 23, 2022

The first store will open later this year at The Americana at Brand, a shopping centre in Los Angeles, and reportedly be around 30,000 square feet – much smaller than a typical department store, which is around 100,000 square feet. Amazon has not shared the names of any labels that it plans to carry in the store. “It

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Retail TouchPoints

NOVEMBER 8, 2022

Kohl’s CEO Michelle Gass will leave the department store retailer to take on the newly created position of President, LS&Co., The move sets in motion a succession plan for Gass to succeed Bergh as CEO within the next 18 months. reporting to Levi Strauss & Co. President and CEO Chip Bergh. Beginning Jan. Beginning Jan.

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Retail TouchPoints

OCTOBER 6, 2022

Rather than being limited to a jam-packed four to five weeks from Black Friday to Christmas Eve, consumers are beginning their shopping as early as October (with a few doing so even earlier than that). But despite the rush, retailers still have multiple opportunities to maximize both in-store sales and online conversions.

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Retail TouchPoints

MAY 27, 2021

It’s true that some of this marketplace momentum can be attributed to retailers looking to take a bite out of Amazon’s pie by launching their own “Everything Stores” (Walmart and Target in particular come to mind). Regardless of the form the marketplace takes, the aim is the same — to keep consumers in your ecosystem for as long as possible.

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Retail TouchPoints

DECEMBER 16, 2020

Amazon recently announced that it is in talks with mall operators such as Simon Property Group to convert the vacant store space left by the closure of big department stores into warehouses and fulfillment centers. Amazon also has plans for a foray into retail grocery, a model quite different from that of Whole Foods.

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Inside Retail

FEBRUARY 19, 2024

Spearheading this move are two flagship stores nestled in prime locations: one at the prestigious Shin Kong Mitsukoshi department store in Taipei’s vibrant Xinyi Xintiandi district, and the other at the iconic Dubai Mall. Its location in Taipei was designed after careful consideration of Shin Kong Mitsukoshi A8 shoppers.

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Retail TouchPoints

FEBRUARY 28, 2022

It found that 67% of consumers believe that the best shopping experiences of the future will incorporate both human and digital channels. However, that’s not the aspect of their brands that consumers are craving today. The problem is that retailers are not taxis, and what works for the goose doesn’t always work for the gander.

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Inside Retail

AUGUST 26, 2021

billion, with Scott noting the business’ success was due to its resilient operating model and the ability to adapt to changing consumer needs. This was partially offset by higher operational costs associated with online fulfilment and ongoing investment in technology in Kmart.”. Revenue at Bunnings increased 12.5 billion for the year.

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Retail TouchPoints

JANUARY 20, 2022

Amazon has announced plans for its first-ever physical fashion store — dubbed Amazon Style — which will feature women’s and men’s apparel, shoes and accessories. The first Amazon Style store is set to open later this year at The Americana at Brand shopping mall in Los Angeles. “We

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Wiser

SEPTEMBER 18, 2023

The emergence of eCommerce has transformed traditional shopping habits, with a growing number of parents and students turning to online platforms to fulfill their annual back-to-school shopping needs. The convenience, variety, and value offered by online platforms presents a compelling proposition for consumers.

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Retail TouchPoints

SEPTEMBER 3, 2020

In a survey of consumers conducted by Doddle , 84% said a positive returns experience encourages them to shop with a retailer again. Conversely, 73% of consumers responding to a survey by Returnly said they would not shop with a brand again after a poor returns experience. In-Store Returns Trending Up, But Not Pouring In.

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Retail TouchPoints

JULY 27, 2021

That means more consumers are venturing out into the world — and going back into stores. Leading developers know that they need to do more than simply make consumers feel safe. also focuses on ensuring that its tenant mix reflects the evolved needs and behaviors of modern consumers.

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Inside Retail

JUNE 27, 2023

In an interview with Inside Retail , he discussed how CBCH and TDE are rebounding following collapse, as well as his plans to expand in the years to come. Then [we can] build the international side of it, open half a dozen flagship stores and look at concessions in other outlets like department stores and inside airports. “It

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Inside Retail

JUNE 30, 2021

The retail industry in Malaysia has struggled during Covid, but shopping centre Pavilion in Kuala Lumpur has continued to find a way to reach consumers. JY: Consumers and their needs have rapidly evolved in the past year. It is clear that consumers don’t limit themselves to a single channel, and therefore neither should we.

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Inside Retail

APRIL 13, 2021

Globally, the retail sector has been undergoing a significant transformation marked by a shift towards online commerce, evolving consumer habits and increased competition due to easy access to international retailers. per cent) and department store sales (-68.3 Retail electronic card transactions declined 83.1 per cent, July: 9.8

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Retail TouchPoints

JUNE 23, 2022

Consumers have moved on to a very digitally led lifestyle and mindset, whereas the retail industry, at least many legacy retailers, still think of digital commerce as separate from store commerce. . This strategy could hold water. The crux is to get to a digital-first mindset.

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Retail TouchPoints

JULY 1, 2021

As the department store sector aims to reinvent itself for retail’s digital age, iconic retailer Neiman Marcus Group (NMG) is investing rapidly in technologies that will elevate its integrated luxury retail strategy across all channels. So how does NMG see these digital investments leveling up its omnichannel game?

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Retail Focus

APRIL 20, 2021

With many employers pledging to adopt flexible and hybrid working models, consumers will continue spending time in their communities, and this will undoubtedly extend the local shopping trend into the foreseeable future. . Their stores have an ever-changing rotation of local brands stocked to drive repeat visits and engagement. .

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Indigo 9 Digital

MARCH 9, 2023

Since 90% of the United States population lives within 10 miles of a Walmart store this move has become a game changer for the retailer. Consumers love shopping online but what they really want is control. Be honest, before the pandemic weren’t you were part of the vast majority of consumers that had never tried curbside pickup?

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Inside Retail

SEPTEMBER 19, 2021

A new on-demand delivery app is connecting consumers with personal shoppers who will go in-store to make a purchase for them and bring it to their doorstep within two hours. The alternative is for you to go in-store, but that takes time and effort.”.

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Retail TouchPoints

OCTOBER 21, 2020

The report added: “Even as ecommerce grows, we see retailers with stores retaining a significant advantage over online-only retailers for browsing, advice and immediacy of availability.” The retailer plans to open 11 new U.S. Off-Price Retail: Like dollar stores, off-price retailers tend to thrive in times of economic uncertainty.

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Inside Retail

JULY 25, 2022

Australian discount department store Harris Scarfe is moving “full-steam ahead” with its strategic growth plans, despite rising inflation and growing concerns about an economic recession. “We’re We’re full-steam ahead, we’re not battening down the hatches because inflation is going up.

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Retail Gazette

NOVEMBER 22, 2023

M&S boss Stuart Machin is planning for a “successful and strong Christmas” across clothing, home or food, adding that customers were feeling more confident. Shoppers are expected to prioritise spending on food and partywear as they plan big celebrations with family and friends, which will lead some to cut back on gift buying.

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Retail TouchPoints

JANUARY 28, 2021

Neiman Marcus Group (NMG) is making big moves to adapt to changing consumer behaviors, with strategic investments in talent, merchandising, technology and supply chain to reshape the Neiman Marcus and Bergdorf Goodman customer experience.

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Retail TouchPoints

JULY 16, 2020

Shoppers have slowly begun to accept brick-and-mortar’s return: 22% have increased their willingness to set foot into a grocery store or pharmacy since March, according to data from Resonate. Only 24% planned to increase their online grocery orders in June, while 12% are starting to decrease their online grocery usage.

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Retail TouchPoints

MAY 21, 2021

These investments are representative of Target’s swift response to changing consumer behavior, which also helped the retailer succeed during the depths of the pandemic, according to Anderson. I think the issue is whether we’ll be able to fulfill that demand to the same degree as in 2019.”. There will be demand.

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RETAIL MANAGEMENT SOFTWARE

FEBRUARY 10, 2020

They were planning to spend an average $196.31, a whopping 21% over previous record of $161.96. With a positive consumer confidence, good level of savings, and growing household incomes, consumers are once again ready to pamper their friends, families and close collaborators. billion, up 32% from last year’s record $20.7

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RETAIL MANAGEMENT SOFTWARE

FEBRUARY 10, 2020

They were planning to spend an average $196.31, a whopping 21% over previous record of $161.96. With a positive consumer confidence, good level of savings, and growing household incomes, consumers are once again ready to pamper their friends, families and close collaborators. billion, up 32% from last year’s record $20.7

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Mass Relators

DECEMBER 12, 2022

One interpretation centers on the local shops that have been all but passed by in the consumers’ rush to the malls. That’s the good news — for both retailers and customers. But that meaning got lost amid the frenzy to line up at 6:00 a.m. And Cyber Monday?

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Indigo 9 Digital

SEPTEMBER 1, 2022

Marks & Spencer has said it started out with third party brands flowing through its distribution network but it is planning to give sellers the flexibility to use a drop ship model where the brand holds onto its inventory and fulfills the order itself. “M&S’s That’s a total of 130 full line store closures.

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365 Retail

APRIL 20, 2021

With many employers pledging to adopt flexible and hybrid working models, consumers will continue spending time in their communities, and this will undoubtedly extend the local shopping trend into the foreseeable future. . Their stores have an ever-changing rotation of local brands stocked to drive repeat visits and engagement. .

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