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Indian retail conglomerate Reliance Industries Limited has signed a franchise agreement with American luxury departmentstore Saks Fifth Avenue to expand its luxury retail portfolio through its subsidiary Reliance Retail, the company said in its third-quarter financial report last week.
adults plan to celebrate Valentine’s Day this year, spending a total of $21.8 However, 74% of those celebrating noted that pandemic will directly impact their Valentine’s Day plans, which has resulted in an average spending drop. Just over half ( 52% ) of U.S. per person spent in 2020.
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. Taking share off specialtystores.
This landbank should be sufficient to serve the company’s development plans for five to seven years. In all the company runs 30 brands, and conveniently they rent space in SM Prime’s malls.
This mantra has allowed Anthropologie to double down on tactics that make its store experience unique, such as its approach to store merchandising, which is more reminiscent of a small boutique than a chain retailer. “We We’re a specialtystore with a range of products, so we think about how the consumer experiences the brand.
With landlord abatements now coming to an end, some retailers are also reporting rental increases of around 5 per cent for specialtystores and 4 per cent for large store chains. per cent increase in departmentstores and a 3.3 Household savings were 7 per cent of disposable income at the end of 2019.
million), due to an impairment expense and a provision for store closings. Specialtystore sales at the company’s domestic malls reported growth of 5.9 Aeon not only benefited from increased rental income from these specialty tenants but costs fell too, so the profitability of the Japan business rose by a healthy 13.8
The company has 21 malls already in operation and has plans for more, with a focus on inland areas in Hubei Province and Hunan Province that are under-malled and have the potential for high growth. Specialtystore sales at the company’s six malls rose by 8.8 Cambodia has been a lot more problematic.
This year, Central plans to open four new home-improvement stores, 10 supermarkets/food halls and four Go Wholesale warehouses in Thailand, plus two Go! stores in Vietnam. Not content with just giving the store a new look and elevated market position, Central even rechristened it, somewhat Inauthentically, as Store of Bangkok.
Specialtystore sales have dragged at Aeon’s 83 malls and have consistently been down double-digit percentages compared with 2019, particularly in the all-important apparel segment, where sales have been off close to 20 per cent over the two-year period. The three-year plan. billion yen (about $30.8
According to the National Retail Federation (NRF), the internet was the most popular Valentine’s Day shopping destination last year, visited by 38% of consumers, followed by departmentstores (29%), discount stores (28%,) and local small businesses and specialtystores (tied at 17%). . In the U.K.,
Specialtystores are often a part of small retail store businesses. Unlike departmentstores that sell a wide variety of items, specialtystores offer niche-specific products. According to a report , small specialty retail stores have a market size of $33.4bn in the US.
WASHINGTON — Consumers plan to spend $35.7 Consumers plan to spend $274.02 Not only are consumers planning to spend more on these gift categories, but more consumers are interested in gifting these items than ever before. billion on Mother’s Day this year, nearly $4 billion more than last year’s record of $31.7
WASHINGTON – Consumers plan to spend a collective $24 billion on Easter this year, up from $20.8 As consumers plan to mark the occasion through a variety of traditions, retailers are dedicated to making this year a memorable holiday.” As in previous years, most consumers (54%) say they will buy Easter gifts from discount stores.
More than half (52%) of consumers plan to celebrate and will spend an average of $192.80. Those aged 35 to 44 plan to outspend other age groups, allocating $335.71 Americans plan to spend more than $5.5 This is up from $175.41 on average for gifts and other Valentine’s Day items, approximately $142.91
The number of Americans (75 percent) who plan to celebrate the fathers, husbands and other paternal figures in their life this Father’s Day is consistent with previous years. However, consumers plan to spend a little more to treat their dads this year. The number of consumers planning a special outing is back up to pre-pandemic levels.
More than half (52%) of consumers plan to celebrate and will spend an average of $192.80. Those aged 35 to 44 plan to outspend other age groups, allocating $335.71 Americans plan to spend more than $5.5 This is up from $175.41 on average for gifts and other Valentine’s Day items, approximately $142.91 adult consumers Jan.
On average, those celebrating plan to spend $254.04 Even though consumers continue to gravitate toward classic Mother’s Day gifts like flowers and greeting cards, almost one-third plan to give a gift of experience this year,” Prosper Executive Vice President of Strategy Phil Rist said. Eighty-four percent of U.S. per person.
Half of consumers plan to purchase a gift for a father or stepfather, followed by those purchasing gifts for a husband (26%), son (10%), brother (8%), friend (8%) or grandfather (6%). Like in 2023, three-quarters of consumers plan to celebrate Father’s Day this June. On average, those shopping for Father’s Day plan to spend $189.81
They were planning to spend an average $196.31, a whopping 21% over previous record of $161.96. Respondents who were interviewed lately on their spending forecasts were quite optimistic about their household incomes, buying power and the job market in general. billion, up 32% from last year’s record $20.7
They were planning to spend an average $196.31, a whopping 21% over previous record of $161.96. Respondents who were interviewed lately on their spending forecasts were quite optimistic about their household incomes, buying power and the job market in general. billion, up 32% from last year’s record $20.7
They were planning to spend an average $196.31, a whopping 21% over previous record of $161.96. Respondents who were interviewed lately on their spending forecasts were quite optimistic about their household incomes, buying power and the job market in general. billion, up 32% from last year’s record $20.7
While quarantine and lockdown left some merchants gasping for air other specialtystores like bicycle stores went on fire as sales skyrocketed. Products are sourced from sporting goods manufacturers, distributors and wholesalers and then sold to the general public via retail stores.
When stores began to reopen, there was a fear that consumers would storm return desks. Indeed, one-third of consumers responding to a survey by Optoro said they had kept one or more purchases that they planned to return when stores reopened. However, apparel and departmentstores are elevated.
With safety guidelines at top of mind, consumers are planning to be with family, are making travel plans and organizing a special brunch or outing. This year consumers plan to spend an average of $220.48 This figure is $16 more than they planned to spend last year and the highest in the survey’s history.
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