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How Canningvale plans to take Robinsons Singapore back to its roots

Inside Retail

Fast-growing Australian online retailer Canningvale plans to relaunch the iconic Singaporean department store Robinsons as an online-only business this month after acquiring the company’s digital assets for an undisclosed sum. Returning to its roots. The future of department stores. ” .

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Macy’s store closures: a necessary step or the wrong move?

Inside Retail

This week, Macy’s announced plans to shut down 150 “underproductive” stores, more than one-fifth of its department store assemblage, over the next three years. The closures are a part of the retailer’s plan “to create a more modern Macy’s, Inc. per cent of its workforce. In December, Macy’s received a $5.8

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When Customers Aren’t Holiday Shopping, They’ll be Streaming

Retail TouchPoints

The winter holiday season is a critical time for retail. November and December holiday sales average around 19% of total retail sales, per the NRF , and this share can be even higher for some department stores and specialty retailers. Emarketer anticipates that holiday retail sales will grow 4.5%

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4 Tips for Retail Businesses Hungry for Venture Capital Funding

Retail TouchPoints

RevTech Ventures , an early-stage venture capital firm that invests in both retailers and retail technology, sees potential in numerous areas. “We Investors are looking for capital-efficient consumer businesses; there’s been a return to looking for good unit economics and business fundamentals.”

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4 Tips for Retail Businesses Hungry for Venture Capital Funding

Retail TouchPoints

RevTech Ventures , an early-stage venture capital firm that invests in both retailers and retail technology, sees potential in numerous areas. “We Investors are looking for capital-efficient consumer businesses; there’s been a return to looking for good unit economics and business fundamentals.”

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Amazon’s Move Into the Malls

Retail TouchPoints

As more retail chains file for bankruptcy and close more stores amidst the ongoing pandemic, Amazon is looking for opportunities among the ruins. . Amazon can display larger items, on which return rates are high, and which can benefit from such showrooming. So are all these developments good for consumers?

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Retail Statistics You Should Know

Small Biz Trends

We have assembled all the numbers you need, including store operations, shopper behaviors, how retailers market their businesses, and much more. If you own a retail store or are considering shop ideas for a new one, take a look at the stats below. Retail Statistics: The Big Picture. Physical Stores.