Inside Retail

SEPTEMBER 16, 2021

Myer’s online sales have more than doubled since John King took over running the department store in 2018, and the CEO believes they can double again to reach $1 billion in the not-too-distant future. The post How Myer plans to reach $1 billion in online sales appeared first on Inside Retail. Myer reported $539.5 billion. “I

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Retail TouchPoints

SEPTEMBER 28, 2020

Ecommerce execution will lean more heavily on store-based fulfillment. Holiday hires will help retailers leverage their store-based omnichannel fulfillment capacity through buy online, pick up in-store (BOPIS), curbside pickup, home delivery and ship-from-store services. Relieving Pressure On Stores.

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Retail TouchPoints

MAY 6, 2021

Yet as pundits ponder the death of the department store, the industry is racing to reimagine where and how it sells goods. But many retailers are seeing opportunities in using those locations as micro-fulfillment centers. Some 300 of Tesco’s 7,200 stores fulfill orders in a similar fashion. In the U.S., In the U.S.,

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Mass Relators

AUGUST 20, 2021

Citing people familiar with the plans, The Wall Street Journal reported that Amazon intends to open retail locations that would operate much like department stores, selling apparel, personal-technology gadgets, household items and other merchandise, and handling returns. Fulfillment costs are rising. Penney and Sears.

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Retail TouchPoints

APRIL 29, 2022

Target has been experimenting with increasingly smaller concepts since 2020, when it began exploring sites for 6,000 -square-foot stores — half its then-current minimum size — as the retailer put more emphasis on curbside pickup and store-based fulfillment.

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Retail TouchPoints

AUGUST 30, 2021

Target’s Store-Based Fulfillment Model Drives Convenience. The secret to Target’s success is the retailer’s expertise at utilizing its stores for fulfillment, whether as a staging ground for last mile delivery or an efficient curbside pickup hub. Target’s physical comparable sales grew 8.9% Foot Locker managed solid 6.9%

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365 Retail

JANUARY 4, 2022

Thai group Central and real estate business Signa now have a portfolio of 18 department stores, including Selfridges in London, Manchester and Birmingham, de Bijenkorf in Netherlands, Brown Thomas and Arnotts in Ireland.

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Retail TouchPoints

FEBRUARY 23, 2021

Macy’s Q4 and full-year 2020 results show signs of a turnaround for the department store, hard hit, like many of its counterparts, by the COVID-19 pandemic. 22 Macy’s announced plans to close 45 stores by mid-2021, according to CNBC , part of a previously announced plan to close 125 locations by 2023.

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Retail TouchPoints

SEPTEMBER 29, 2022

A little less than year after first announcing its plans, Macy’s has joined the ranks of other major retailers such as Walmart and Target with the debut of its own third-party marketplace.

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Retail Wire

SEPTEMBER 22, 2021

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

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Inside Retail

MARCH 10, 2022

After a rollercoaster six months of lockdowns, Christmas and Omicron, department store Myer yesterday delivered a strong half year result with net profit up 55 per cent and its first dividend payment since FY17. This will ensure we’re getting products to our customers in the quickest and most effective way,” King said.

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Inside Retail

JUNE 2, 2021

Bunnings recently opened the first new format Adelaide Tools store in Parafield, South Australia. It plans to open the first Adelaide Tools store outside of South Australia in Western Australia in the first half of FY22. “A Kmart, Target and Catch working smarter, not harder. We see the Target brand as our key asset.

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Retail TouchPoints

NOVEMBER 8, 2022

Kohl’s CEO Michelle Gass will leave the department store retailer to take on the newly created position of President, LS&Co., The move sets in motion a succession plan for Gass to succeed Bergh as CEO within the next 18 months. reporting to Levi Strauss & Co. President and CEO Chip Bergh. Beginning Jan. Beginning Jan.

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Retail TouchPoints

DECEMBER 16, 2022

Department stores saw a 2.9% decline, furniture and home furnishings stores reported a 2.6% increase in sales, while health and personal care stores saw a 0.7% The decline occurred despite muted inflation of just 0.1% , according to the Bureau of Labor Statistics’ Consumer Price Index (CPI).

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Retail TouchPoints

DECEMBER 16, 2020

Amazon recently announced that it is in talks with mall operators such as Simon Property Group to convert the vacant store space left by the closure of big department stores into warehouses and fulfillment centers. Amazon also has plans for a foray into retail grocery, a model quite different from that of Whole Foods.

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Retail TouchPoints

JANUARY 24, 2024

Millennials and Gen Z want not only attractive stores but also a dynamic, engaging environment — creating a threshold effect, drawing people in from the storefront window with the promise of an experiential journey and memorable impact.

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Retail TouchPoints

MAY 29, 2020

Q1 2020 financial results for Costco , Nordstrom and Abercrombie & Fitch encapsulate how three retail verticals — club, department and specialty apparel — are weathering the COVID-19 pandemic. Costco reported a successful quarter, while Nordstrom and Abercrombie discussed plans to handle the fallout. Costco posted a 7.3%

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Inside Retail

FEBRUARY 19, 2024

Spearheading this move are two flagship stores nestled in prime locations: one at the prestigious Shin Kong Mitsukoshi department store in Taipei’s vibrant Xinyi Xintiandi district, and the other at the iconic Dubai Mall. Its location in Taipei was designed after careful consideration of Shin Kong Mitsukoshi A8 shoppers.

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Retail Times

JUNE 8, 2021

Thanks to its recent digital transformation with Blue Yonder’s cloud-based Luminate™ Planning, HEMA, a leading department store retailer, was able to improve its demand forecasting and fulfilment capabilities to meet those customer demands.

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Inside Retail

JANUARY 23, 2022

The first store will open later this year at The Americana at Brand, a shopping centre in Los Angeles, and reportedly be around 30,000 square feet – much smaller than a typical department store, which is around 100,000 square feet. Amazon has not shared the names of any labels that it plans to carry in the store.

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Retail TouchPoints

MAY 27, 2021

It’s true that some of this marketplace momentum can be attributed to retailers looking to take a bite out of Amazon’s pie by launching their own “Everything Stores” (Walmart and Target in particular come to mind). Private labels offer the advantage of higher margins but come with the logistical burden of manufacturing and fulfillment.

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Retail TouchPoints

JANUARY 20, 2022

Amazon has announced plans for its first-ever physical fashion store — dubbed Amazon Style — which will feature women’s and men’s apparel, shoes and accessories. The first Amazon Style store is set to open later this year at The Americana at Brand shopping mall in Los Angeles. “We

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Inside Retail

SEPTEMBER 13, 2021

The closure or conversion of 144 Target stores in FY21 has left the retailer with a network of around 140 stores today, a much smaller business that is simpler and less costly to run with a stronger focus on digital sales. Pearson believes this hybrid fulfilment model gives Target an advantage over other retailers.

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Inside Retail

AUGUST 26, 2021

“Kmart and Target earnings growth [of 69 per cent to $693 million] was driven by higher sales, lower clearance costs and an improvement in the cost of doing business as a result of planned network changes,” Scott said. Likewise, Officeworks’ revenue jumped 8.7

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Retail TouchPoints

FEBRUARY 28, 2022

Department stores get their name from the fact that they contained specialized stores-within-stores where experts in particular products — jewelry, clothing and cosmetics — would interact with customers to ensure that they got the correct products. Live agents also personalize without effort.

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Retail TouchPoints

OCTOBER 6, 2022

But despite the rush, retailers still have multiple opportunities to maximize both in-store sales and online conversions. YOY growth this holiday season, whereas department stores will only see a 0.3% Focus on bringing people back to stores: In-store retail sales are expected to increase 7.9%

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Inside Retail

JUNE 30, 2021

In order to fulfil customer demands and win their hearts, we, as retailers, need to understand and cater to their changing behaviour and trends. per cent (RM95 billion in total retail sales), and all retail sub-sectors such as fashion, department stores and grocery are expected to rebound. You can download it here.

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365 Retail

SEPTEMBER 15, 2021

The John Lewis Partnership has revealed plans to recruit more than 7,000 temporary roles across the country this Christmas. The hires will be spread across its supermarkets, department stores and fulfilment centres, including delivery drivers for its online grocery division. Paul Grover/PA).

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Department Stores Supermarket Fulfillment Planning 65

Inside Retail

MAY 29, 2023

He believes the company’s plan to have zero emissions by 2040 is leading the way in sustainability, in terms of its business model and ethical sourcing strategies. Innovation is key Meanwhile, closer to home, Walmart recently opened its first high-tech market fulfilment centre (MFC) in Arkansas.

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Inside Retail

JUNE 27, 2023

In an interview with Inside Retail , he discussed how CBCH and TDE are rebounding following collapse, as well as his plans to expand in the years to come. Then [we can] build the international side of it, open half a dozen flagship stores and look at concessions in other outlets like department stores and inside airports. “It

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Wiser

SEPTEMBER 18, 2023

The emergence of eCommerce has transformed traditional shopping habits, with a growing number of parents and students turning to online platforms to fulfill their annual back-to-school shopping needs. It’s not just about selling basic school supplies anymore. What Back-to-School Items Are a Must for Most Students?

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Retail TouchPoints

JUNE 23, 2022

. “ Separation of the two enterprises will provide the best opportunity to successfully revitalize the traditional department store business while exploiting the growth opportunities at the SFA-related businesses.”. This strategy could hold water. The crux is to get to a digital-first mindset.

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Retail Focus

APRIL 20, 2021

We are likely to see these stores, in addition to supporting the online offering, act as event spaces and hubs for local activity. . These stores will act primarily as showrooms, where shoppers can see products, interact with staff and order items for home delivery. .

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Retail Gazette

OCTOBER 31, 2023

The luxury retailer has launched a dedicated website for its EU customers and is now shipping to 15 countries on the mainland from a dedicated fulfillment centre in Belguim. Fortnum & Mason has resumed deliveries to European countries after it stopped the service due to Brexit custom challenges.

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Retail TouchPoints

JULY 1, 2021

As the department store sector aims to reinvent itself for retail’s digital age, iconic retailer Neiman Marcus Group (NMG) is investing rapidly in technologies that will elevate its integrated luxury retail strategy across all channels. So how does NMG see these digital investments leveling up its omnichannel game?

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Clienteling Department Stores Returns Customer Experience 264

Inside Retail

SEPTEMBER 19, 2021

The alternative is for you to go in-store, but that takes time and effort.”. Gimme aims to offer the best of both worlds: the ease of online shopping and near-instant fulfilment of buying something in-store. . These are added to their basket in the app, which their Buddy uses to complete the purchase in-store.

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Inside Retail

JULY 25, 2022

Australian discount department store Harris Scarfe is moving “full-steam ahead” with its strategic growth plans, despite rising inflation and growing concerns about an economic recession. “We’re We’re full-steam ahead, we’re not battening down the hatches because inflation is going up.

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