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What’s driving the transformation of China’s department stores?

Inside Retail

Once seen as a staple of urban retail, department stores in China are undergoing a transformative reinvention. Market struggles Chinas department-store sector has long been a foundational part of the countrys commercial infrastructure, but in recent years, it has been under mounting pressure.

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Macy’s to Adapt Best-Seller About Department Store Icons into TV Series

Retail TouchPoints

Still, scripted television is a new realm for the department store, and certainly not the kind of project that most retailers would take on. For several years now Macys has been working to prove its own resilience as the department store sector undergoes massive upheaval.

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Black Friday boosts Australia’s November retail sales

Inside Retail

“The popularity of Black Friday sales continues to grow with promotional activity now stretching across the entire month of November, not just solely focused on the Black Friday weekend.” However, department store sales fell 1.2 ” November sales jumped 3 per cent to $36.51 per cent to $5.57 per cent to $3.07

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New Kohl’s CEO Lays Out Turnaround Strategy Following Disappointing Q4

Retail TouchPoints

Sales were down at the department store in both Q4 2024 and for the full year, both of which ended Feb. Adjustments to the companys selection of national brands and promotional strategy also are underway. In Q4, net sales decreased 9.4% and comparable sales were down 6.7% and comparable sales were down 6.5%.

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Woolworths sees steady sales growth despite external volatility

Inside Retail

Discount department store division Big W saw sales slip 1.5 ” In the food division, sales of long-life items were supported by promotional programs, while growth in fresh item sales improved due to lower prices on chilled items and stronger growth in meats. . Store-originated sales for this quarter increased by 1.4

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Exploring the Different Types of Store Formats for Retail Success

Small Biz Trends

Discount retailers focus on affordability, and specialty stores cater to unique interests. Next, let’s explore how department stores and chain stores fit into your shopping strategy. Specialty stores cater to specific product categories, allowing for personalized service and a wider range of brands.

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The AI Pricing Debate: Balancing Retail Innovation and Consumer Trust

Retail TouchPoints

Another compelling example comes from a leading department store that implemented AI pricing across its physical and digital channels. In the test group of brick-and-mortar stores, the AI solution led to a 13% increase in new and existing customers while boosting basket-level revenue by 4%.