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How Korea’s big 3 department stores are killing it right now

Inside Retail

First quarter results for calendar year 2022 are in for the three biggest Korean department store retailers, and the numbers are encouraging. Shinsegae, Lotte, and Hyundai account for the top nine department stores in the country (coming in at number 10 is Galleria’s high-end flagship in Seoul). trillion KRW ($2.1

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Behind Documents’ path to luxury fragrance leadership in China

Inside Retail

In just three years, Documents has caught the attention of the world’s luxury industry, firmly establishing itself as the country’s most successful fragrance brand with its distinctive scents and 13 stunning stores in Shanghai. The founder is also open to Asian markets, including Japan, Korea and Thailand. We are designers.

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Price, not volume, driving Australian retail sales growth

Inside Retail

Retail prices increased 4.8 per cent through the year to the June quarter with the largest price rises seen in food and household goods. “On On a quarterly basis, overall retail price growth has already exceeded sales volume growth in both the March and June quarters,” says Rumbens. “On per cent price growth.”.

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How customer loyalty helped Myer bounce back

Inside Retail

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. We know the program is a highly valuable differentiator in the market.”. Loyalty is king.

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New Zealand skincare brand Emma Lewisham enters Credo Beauty 

Inside Retail

After forging a successful corporate career as a strategy and marketing executive for Japanese tech company Brother International, Lewisham was inspired to reflect on the potentially harmful ingredients in the skincare she was using after a series of personal events. IR : How does Emma Lewisham fill a white space in the beauty market?

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What Loewe’s new Melbourne store says about evolving menswear industry

Inside Retail

Loewe and Canada Goose’s entry into the Australian market highlights the resilience of the luxury sector, and reinforces the notion that the affluent are less hamstrung by rising interest rates, and other cost-of-living challenges. However, he said that the department store would continue to emphasise its value-for-money offering.

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Why modern retailers must provide “much more” than what they are selling

Inside Retail

Customer expectations of engagement and experience in retail are changing equally quickly. Not that long ago, walking into a carefully organised grocery market, hearing a pianist perform in the centre of a high-end department store, or having a retail associate help guide you represented a good retail customer experience.