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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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The Reject Shop profit jumps 643 per cent as restructure moves past ‘reset’

Inside Retail

Discount department store The Reject Shop’s full year results tell an interesting story – one of business suffering under the impact of the Covid-19 lockdown, but also one of a strong reset to an ailing business model. Despite this, the Reject Shop turned a profit 643 per cent higher than the year prior, hitting $8.3

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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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The Top Shopping Mall Trends To Watch Over the Next Decade

Indigo 9 Digital

A mall was the place where you could grab a bite to eat and get your shopping done all within one trip. While malls still serve this function today the advent of online shopping has meant your local mall isn’t the only game in town. The first shopping centre in the United States opened in Edina, Minnesota in 1956.

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

Inside Retail

So how can retailers capitalise on the Millennial market and what drives this generation’s interests? Instead, savvy brands attempting to target the equally savvy Millennial market might need to head for ‘green but lean’. Most consumers, when asked directly, will say they want to shop sustainably. And, why wouldn’t they?

Marketing 130
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Back-to-class shopping expected to reach record levels

Mass Relators

WASHINGTON – Consumers are expected to spend record amounts for both back-to-school and back-to-college shopping this year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. Back-to-class shopping is one of the most important consumer shopping occasions of the year.

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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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