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Myer reveals early shareholder votes in favour of Premier deal

Inside Retail

The combination is expected to create a footprint of 783 department and specialty stores, with more than 17,000 team members. .” “The combination with apparel brands accelerates our strategic priorities and given the challenging trading environment, this task is more important than ever,” said Wirth.

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Japan’s retail sector faces challenges amid weak consumer confidence

Inside Retail

Department stores, which have traditionally been one of the favourite retail go-to places for high-end chocolates, have had to think a little bit out of the box (or out of the square if you prefer). Chocolate isnt everything A worldwide scarcity of cocoa isnt the only thing thats bothering Japans department stores though.

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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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NRF: 52% of Shoppers Celebrating Valentine’s Day, Spending a Combined $21.8 Billion

Retail TouchPoints

The other top shopping destinations include: Department stores ( 29% ); Discount stores ( 28% ); and A tie between local small businesses and specialty stores ( 17% each). Unsurprisingly, ecommerce will be the most popular destination for Valentine’s Day shopping, accounting for 39% of the total.

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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

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Why department stores are thriving in Japan even as the US sector shrinks

Inside Retail

For once, department stores are leading a retail sales recovery instead of lagging it. The nation’s 56,000 convenience stores posted a sales increase of 5.4 Large specialty stores selling home appliances (2,667 of them) were down by 4.6 per cent and home improvement sales (4,440 stores) were down 0.4

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Three malls with great CX: American Dream, Battersea Power Station, Chadstone

Inside Retail

Local department stores Myer and David Jones anchor Chadstone’s retail offering, alongside budget retailers and supermarkets, a cinema, local and international flagships, over 335 specialty stores and the most expansive luxury offering in Australia.