article thumbnail

How can department stores pivot ahead of a spending decline?

Inside Retail

The biggest swing occurred in department store spending, which saw a 14.3 Especially in department stores, where the consumer appetite to spend appears to have fallen so dramatically between November and December? When it comes to the big department stores, there needs to be a differentiation.

article thumbnail

How Malaysian department store Pavilion is connecting with customers

Inside Retail

We have continuously worked with all our tenants to come up with robust marketing strategies to encourage customer traffic and spending, including creating promotional areas at high traffic areas, assisting with shopping and dining vouchers, and continuing with our shopper rewards and redemption programs. You can download it here.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Frasers: Can the ‘next generation’ format fix the ‘broken’ department store model?

Retail Gazette

Frasers Group unveiled its latest Frasers flagship in Norwich last weekend as it continues the rollout of its upmarket “next generation” department store format. Its rollout comes as the department store sector has undergone much change in recent years. ” Is Frasers the future department store?

article thumbnail

Best of 2023: Frasers – can the ‘next generation’ format fix the ‘broken’ department store model?

Retail Gazette

Frasers Group unveiled its latest Frasers flagship in Norwich in September as it continues the rollout of its upmarket “next generation” department store format. Its rollout comes as the department store sector has undergone much change in recent years. ” Is Frasers the future department store?

article thumbnail

Myer expects lower sales, net profit amid challenging trading conditions

Inside Retail

Department store chain Myer expects fiscal first-half sales and net profit to decline year over year amid a challenging trading environment. “Like many retailers, we have had to contend with inflationary pressures and greater promotional cadence, which has an impact on profits.” Online sales account for 21.3

article thumbnail

Retail sales slightly up in December as shoppers shifted spend to Black Friday

Inside Retail

Department store sales climbed 3.7 “Department stores fared particularly well, capitalising on the Boxing Day sales and the final few weeks before Christmas with a range of promotional events.” per cent to $1.83 billion, followed by food sales which grew 1.4 per cent to $14.18 per cent to $2.86

article thumbnail

Dropshipping: Fashion’s favourite fulfilment method?

Inside Retail

The model gives suppliers more control over pricing and promotion. Why fashion loves dropshipping This is the digital version of department stores that decades ago moved to concessions taking a percentage of sales. Think of the high-end concessions seen in department stores like Myer and David Jones, except this is online.