Inside Retail

MAY 22, 2022

First quarter results for calendar year 2022 are in for the three biggest Korean department store retailers, and the numbers are encouraging. Shinsegae, Lotte, and Hyundai account for the top nine department stores in the country (coming in at number 10 is Galleria’s high-end flagship in Seoul). trillion KRW ($2.1

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Inside Retail

SEPTEMBER 6, 2022

Australian retail sales are on the rise – but new research suggests growth is being driven by inflation, not by consumers buying more. Retail prices increased 4.8 per cent through the year to the June quarter with the largest price rises seen in food and household goods. “On per cent price growth.”.

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Inside Retail

AUGUST 16, 2021

As the quality of living and workers’ wages reached new heights, Western brands spotted a golden opportunity and raced to set up shop in the East to reach China’s 1 billion consumers (and counting). Still, many Chinese citizens were unable to afford – or unwilling to pay full retail prices – for foreign-branded items.

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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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Inside Retail

MAY 29, 2023

Despite many consumers cutting back on discretionary goods amid financial pressures, LVMH’s oldest luxury fashion house, Loewe , has opened a new store in Melbourne’s CBD. The location – which stocks ready-to-wear apparel, bags and small leather goods among other items – is the first Loewe store to stock menswear in Australia.

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Retail Gazette

NOVEMBER 23, 2023

They produce bumper sales for retailers such as Harrods, Boots, and Net-a-Porter. Department store Liberty even called out its record beauty calendar sales as factor behind its growing profits last year. Consumers are also drawn to the value for money they represent. Even pets have their own advent calendars.

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Inside Retail

NOVEMBER 1, 2022

At first, it seemed like Asia might get off lightly – most governments and professional economic forecasters in the region said so – but cost of living pressures are rising across the continent, with food, energy, rent and labour costs now all key drivers of retail price inflation. Japan holds out. Japan is an excellent case in point.

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