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Best & Less to go public as Australia’s crowded discount sector heats up

Inside Retail

Australian discount department store business Best & Less plans to raise about $72.3 The retailer aims to list on the Australian Securities Exchange (ASX) in mid-June with a market capitalisation of $271.2 million through an initial public offering at $2.15 So best quality and lowest price.”.

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

Retail TouchPoints

consumers plan to celebrate Valentine’s Day in 2022, up from 52% in 2021. 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% ). Super Bowl LVI, with the L.A.

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How retailers can capture the Millennial market in a cost-of-living crisis

Inside Retail

And the latest global research from ESW shows that 73 per cent of Millennial shoppers plan to spend the same or more online this year, making this generation the leader in global e-commerce spending. So how can retailers capitalise on the Millennial market and what drives this generation’s interests? And, why wouldn’t they?

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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.”

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NRF Survey foresees solid Valentine’s Day sales

Mass Relators

Over half of consumers (53%) plan to celebrate Valentine’s Day this year, on par with 52% last year. Overall, consumers plan to spend a total of $25.8 Sixty-two percent of consumers ages 25-34 plan to celebrate this year, more than any other age group. New spending records are expected for jewelry ($6.4 billion), flowers ($2.6

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NRF sees record Mother’s Day spending

Mass Relators

WASHINGTON — Consumers plan to spend $35.7 Consumers plan to spend $274.02 Not only are consumers planning to spend more on these gift categories, but more consumers are interested in gifting these items than ever before. The post NRF sees record Mother’s Day spending appeared first on MMR: Mass Market Retailers.

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BTS spending expected to exceed $41 billion

Mass Relators

Families with children in elementary through high school plan to spend an average of $890.07 As in past years, the top electronics consumers plan to purchase are laptops (51%), tablets (36%) and calculators (29%). For all back-to-class shoppers, the top destinations are online, department stores and discount stores.