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What does the future hold for Australian department stores?

Inside Retail

Australias department stores are at a crossroads. Competition has never been more fierce and while data from the Australian Bureau of Statistics showed an uptick in department-store sales in November, this is likely temporary with earlier months showing stagnation or decline. So how did we get here?

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How can department stores pivot ahead of a spending decline?

Inside Retail

The biggest swing occurred in department store spending, which saw a 14.3 Especially in department stores, where the consumer appetite to spend appears to have fallen so dramatically between November and December? After almost a year of consecutive increases, the retail industry saw a 3.9 per cent in August, 2022.

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Neiman Marcus, Saks Still Unable to Come to Terms on Takeover Deal

Retail TouchPoints

Saks currently operates 39 stores, while Neiman has 36 department stores, two Bergdorf Goodman stores and five Last Call discount stores. A merger of the two companies would give Neiman and Saks more clout with luxury suppliers and allow them to cut duplicated costs.

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How Rising Prices Shape Consumer Behavior

Retail Focus

Customers lose brand loyalty as they choose retail brands or discount options. Retail data proves coupon use spikes during high inflation, and discount stores see more traffic. The Role of E-Commerce in Inflationary Periods During times of inflation, online retailers have an advantage over physical stores.

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NRF: Shoppers Are Spending for Valentine’s Day and Super Bowl Despite Pandemic Pressures

Retail TouchPoints

Ecommerce shops will be the most popular destination, visited by 41% of shoppers, followed by department stores ( 32% ), discount stores ( 28% ), small businesses ( 18% ) and florists ( 17% ). Candy ( 56% ), greeting cards ( 40% ) and flowers ( 37% ) also will be popular items with many shoppers.

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Off-price domination continues as department stores yield more share

Retail Dive

Daily Dive M-F DTC Weekly Every Tuesday Marketing Weekly Every Wednesday Tech Weekly Every Thursday Operations Weekly Every Monday By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. Other department stores are also pushing further into off price. You can unsubscribe at anytime.

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Why the Kmart-Target back end merger has been a decade in the making

Inside Retail

After 17 years of running its discount department stores separately, retail conglomerate Wesfarmers announced earlier this week that it would be consolidating the back end operation of Kmart Australia and Target Australia. The impacts of Covid-19 are just the icing on the cake.”