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The Evolution of Retail Formats: Adapting to Environmental and Social Forces

Retail Focus

This transformation can be dissected into several distinct stages, often referred to as disruptions, in which retailers competed on multiple fronts: for physical space, consumer attention, and innovative store layouts and designs. These department stores were typically found in major cities, catering to urban consumers’ needs.

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Retail’s new range: The evolution of merchandise planning

Inside Retail

It is predicted that, by 2024, up to 10 per cent of floor space will be repurposed in department stores as the shift to omnichannel continues. Retailers are finding omnichannel fulfilment complex. This article was originally published in the 2022 Australian Retail Outlook, powered by KPMG.

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Nordstrom looking to hire 28K+ workers for the holidays

Retail Wire

Nordstrom is looking to bring on 28,600 seasonal and permanent workers at its department stores, Nordstrom Rack locations and fulfillment facilities. The retailer joins others who are looking to staff up for the holiday season at a time when workers are reluctant to just take on any job.

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Macy’s seeking to hire 76K before Black Friday

Retail Wire

The department store retailer said about 21,200 of the new hires will be put to work in its fulfillment centers. Macy’s announced plans to hire 76,000 full- and part-time workers ahead of the Christmas selling season. About 28,000 positions will extend beyond the holidays.

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WSJ Report: Amazon And Simon In Talks To Turn Vacant Mall Anchors Into DCs

Retail TouchPoints

The article did not say how many locations were being discussed. According to CoStar data from Q1 2020, before JCPenney’s bankruptcy filing in May and its announcement of the pending closure of 242 stores , the retailer had a presence in 48% of all U.S. malls, taking up 6% of mall square footage.

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Analysis: How Covid-19 pushed NZ retailers online

Inside Retail

In this article, we seek to explore how retailers in New Zealand responded to the Covid disruption and the challenges and opportunities that lie ahead for the sector. per cent) and department store sales (-68.3 This article was originally published in the 2021 Australian Retail Outlook. In the year to August 2020, 11.4

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Innovating or just keeping up? Here’s why retailers struggle to change

Inside Retail

Bailing doesn’t fix the hole Let’s look at the troubled department store sector. Companies across many industries embraced new ways to communicate, fulfill orders, take payments, and a whole lot more. They may take quite a lot of time and consume substantial resources to bring to life. Copyright © 2024 by Steve Dennis.