article thumbnail

How Korea’s big 3 department stores are killing it right now

Inside Retail

First quarter results for calendar year 2022 are in for the three biggest Korean department store retailers, and the numbers are encouraging. Shinsegae, Lotte, and Hyundai account for the top nine department stores in the country (coming in at number 10 is Galleria’s high-end flagship in Seoul). trillion KRW ($2.1

article thumbnail

Woolworths sees higher sales despite Big W, other business’ sales decline

Inside Retail

Woolworths Group saw its sales increase in the first quarter of FY23 despite falling sales in its discount department store Big W and other businesses. The post Woolworths sees higher sales despite Big W, other business’ sales decline appeared first on Inside Retail Australia. per cent year over year to $17.22

Insiders

Sign Up for our Newsletter

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

article thumbnail

Price, not volume, driving Australian retail sales growth

Inside Retail

Retail prices increased 4.8 per cent through the year to the June quarter with the largest price rises seen in food and household goods. “On On a quarterly basis, overall retail price growth has already exceeded sales volume growth in both the March and June quarters,” says Rumbens. “On per cent price growth.”.

article thumbnail

How customer loyalty helped Myer bounce back

Inside Retail

After a rollercoaster six months of lockdowns, Christmas and Omicron, department store Myer yesterday delivered a strong half year result with net profit up 55 per cent and its first dividend payment since FY17. Loyalty is king.

article thumbnail

Behind Documents’ path to luxury fragrance leadership in China

Inside Retail

In just three years, Documents has caught the attention of the world’s luxury industry, firmly establishing itself as the country’s most successful fragrance brand with its distinctive scents and 13 stunning stores in Shanghai.

article thumbnail

New Zealand skincare brand Emma Lewisham enters Credo Beauty 

Inside Retail

After starting as a DTC-only brand, Emma Lewisham is now available in over 200 stores, including Space NK, Harrods, Goop and Net-a-Porter, with recommended retail price sales globally for the year ending March 2024 totaling NZ$13 million.

article thumbnail

What Loewe’s new Melbourne store says about evolving menswear industry

Inside Retail

He told Inside Retail that the popularity of David Jones’ designer and luxury brands seemed to be increasing, as fashion-conscious and high-income customers gravitated to the department stores’ designer brands. However, he said that the department store would continue to emphasise its value-for-money offering.