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Kmart MD talks Target merger, shrinkage, and adapting to customer behaviour

Inside Retail

The group, which is made up of discount department store brands Kmart and Target, as well as online marketplace Catch, delivered record earnings during FY23 – a 52 per cent increase on the previous year, to $769 million. Labour, leases, and clearance stock So, what are those levers?

Shrinkage 130
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Preloved fashion pop-up to take over part of Fenwick’s Bond Street store

Retail Gazette

A preloved fashion department store concept will take over part of Fenwick’s former Bond Street department store next month as the retailer shuts up shop after almost 133 years. There won’t be the same stock as on Scunthorpe High Street, it will be tailored as best we can,” he said.

Fashion 108
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Reinventing the phone shop: Dialling up the experience

Retail Gazette

That’s not to say the mobile phone shop is dead. A new breed of concept phone store are popping up in a bid to rival tech giants Apple and Samsung. ” Department store John Lewis expanded into phones in 2015, selling the latest handsets and phone contracts as it looked to grab a share of the market.

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How charity shops became cool

Retail Gazette

Such is the popularity of the format that the UK’s first multi-charity department store , Charity Super.Mkt, opened earlier this year in Brent Cross shopping centre in London. M&S sends unsold stock to charity partners Oxfam, Newlife or SmartWorks. Wackett applauds such initiatives.

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Sustainable Fashion: Elvis & Kresse

Retail Insider

The company used designs informed by shop floor staff at luxury department stores who told her what designs sold well every year, not just one particular year. Finally it is to her credit that Wesling can make the boast that “we’ve never had any dead stock, and no sales or discounts either”. The customer will define it.

Fashion 52
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Jason & Scot Show Episode 251 Annual Predictions 2021

Retail Geek

Jason: [4:27] Yeah I want to say their stock was at 450 when you made that prediction and you can get it for the budget price of 1193 right now. Department stores or apparel stores or malls get back to kind of pretty pandemic levels. Scot: [4:24] So this was a total zero.

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Jason & Scot Show Episode 275 – DTC with Mickey Drexler

Retail Geek

Because again they weren’t dealing with competitive sales my department store experience was the opposite, if you’re in buying wholesale someone else will put the goods on sale and of course today you know 30 years later plus it’s the standard. [7:35] 7:35] And so I decided when I got to Ann Taylor. [7:39]