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Japan’s retail sector faces challenges amid weak consumer confidence

Inside Retail

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. Chocolate isnt everything A worldwide scarcity of cocoa isnt the only thing thats bothering Japans department stores though. per cent mini-bubble in 2023.

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Saks Fifth Avenue teams with Reliance Retail to enter India amid luxury boom

Inside Retail

Indian retail conglomerate Reliance Industries Limited has signed a franchise agreement with American luxury department store Saks Fifth Avenue to expand its luxury retail portfolio through its subsidiary Reliance Retail, the company said in its third-quarter financial report last week.

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NRF: 52% of Shoppers Celebrating Valentine’s Day, Spending a Combined $21.8 Billion

Retail TouchPoints

The holiday may be serving as a form of release for pent-up consumers: nearly three-quarters ( 73% ) of shoppers celebrating Valentine’s Day this year feel it is important to do so given the current state of the pandemic. Just over half ( 52% ) of U.S. adults plan to celebrate Valentine’s Day this year, spending a total of $21.8

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How Korea’s big 3 department stores are killing it right now

Inside Retail

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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Three malls with great CX: American Dream, Battersea Power Station, Chadstone

Inside Retail

The consumer-driven experience includes the original control rooms having been fully restored and transformed into an events space and an all-day bar concept, with its original dials and controls on display,” she added. Vulic calls it a lifestyle destination and “one of the best examples of adaptive reuse”.

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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. The nation’s 56,000 convenience stores posted a sales increase of 5.4 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

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4 Ways Anthropologie is Building Brand Loyalty While Acquiring New, Younger Customers

Retail TouchPoints

While Urban Outfitters ’ assortment is designed for consumers in their teens and early 20s, Anthropologie provides a destination for consumers’ “next generation of life,” when they’re starting careers and families, according to Chief Marketing Officer Elizabeth Preis.