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Experts discuss Printemps’ chance of success in the US retail market

Inside Retail

A year after the French luxury department store originally announced it would be launching its first US location, Printemps is officially opening a brick-and-mortar store in the heart of New York Citys financial district on March 21. Department stores havent had the best reputation the last few years.

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How China’s micro-drama boom is rewriting the rules of retail marketing

Inside Retail

Further reading: Whats driving the transformation of Chinas department stores? The post How China’s micro-drama boom is rewriting the rules of retail marketing appeared first on Inside Retail Australia.

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Saks Fifth Avenue teams with Reliance Retail to enter India amid luxury boom

Inside Retail

Indian retail conglomerate Reliance Industries Limited has signed a franchise agreement with American luxury department store 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.

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Tuchuzy has been acquired after a second administration, can it rebuild again?

Inside Retail

A timeline of events Tuchuzy was founded by Daria Sukic in 1995 and operated for 25 years before first entering voluntary administration in June 2020 its demise at the time was put down to the volatile retail market caused by the pandemic and lockdowns. We are finding this a lot across the multi-brand boutique market.

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In Bangkok, malls are delivering culture to a mass audience

Inside Retail

Department stores are trying too A different take on the propagation of culture can be seen in department stores, which in places like Japan, Singapore and Bangkok have seen themselves, at least secondarily, as torchbearers of national heritage.

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Secrets of selling to the 1 per cent

Inside Retail

The US luxury retail market was worth US$134.6 billion last year, retail analyst and GlobalData managing director Neil Saunders told Inside Retail. While this is made up of spending from a whole range of income groups, the top 1 per cent play an outsized role in the success of the segment.

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How Rising Prices Shape Consumer Behavior

Retail Focus

Grocery stores that promote organic or specialty foods frequently include budget lines to attract customers who can no longer afford premium items. When inflation is high, department stores expand their clearance sections. Retailers prioritize durability and versatility over luxury or status.