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Homefurnishing giant Ikea has launched the world’s first Ikea Close to You concept store inside the Market Place grocer in Hong Kong’s Discovery Bay. Ikea Close to You is also the retailer’s first store located inside a supermarket. The chain entered Hong Kong in 2007 under the name Market Place by Jasons.
Newer stores are not as productive as older ones, indicating that the concept is approaching saturation or already there in the US and Canada, where Costco has most of its locations. per cent, with big-ticket items in the homefurnishing and electronics categories taking a significant hit. Sales of non-food items decreased 0.4
Vincom tries to cover itself with four tailored formats: Vincom Center, which is designed for high-density locations; Vincom Mega Mall, a retail/entertainment concept averaging about 110,000sqm of gross floor area (GFA); and Vincom+ and Vincom Plaza, two formats that are oriented toward smaller provincial cities.
The company did its best by improving product sourcing and curation to meet the needs of the day, such as higher demand for cleaning and hygiene products, homefurnishings, appliances and computers. Centres like the one in Sisaket have suffered greatly from lockdowns and other restrictions during two years of pandemic.
Stores located outside the US and Canada delivered superior same-store sales growth of 8.4 CEO denies new openings are skewed toward international Costco now operates 891 member warehouses, of which 177 are located outside the US and Canada, including 75 in four Asian countries. Net sales in financial year 2024 increased 5.0
Gold and jewelry topped the list of best-selling items, followed by hardware, gift cards, homefurnishings, health and beauty, and sporting goods. And for some lucky couple: Costco travel services sold a five-month around-the-world cruise taking in the Galapagos, Easter Island and other exotic locations.
It’s a formula that’s been mastered by TK Maxx for the last 29 years, with a typical shop stocking everything from fashion, handbags and accessories to cooking utensils, stationery and homefurnishings at – more often than not – significantly reduced prices. What’s next?
The Chinese eCommerce giant made a move into physical retail in 2016 by opening a chain of futuristic supermarkets called Hema or Freshippo in English. This applies to customers that shop in store and want their orders delivered to their homes or if they made the purchase online. This store only displays one of each clothing style.
Banana Republic recently added art and homefurnishings to its merchandise mix with a new division called BR Home. This store in New Yorks SoHo neighborhood mixes home dcor and ready to wear in the same location. And think about what you could do instead to make those areas a more cohesive part of your sales floor.
Be it a website or a mobile app, you know who your users are down to their location, gender, age, visiting time, pages visited, and even the device and operating system they’re using. The Importance of Group Counting Solution in HomeFurnishing Industry. Considerable amount of people carry multiple mobile devices. Recent Posts.
Be it a website or a mobile app, you know who your users are down to their location, gender, age, visiting time, pages visited, and even the device and operating system they’re using. The Importance of Group Counting Solution in HomeFurnishing Industry. Considerable amount of people carry multiple mobile devices. Recent Posts.
By segmenting turnover by product line, category or location, retailers can identify slow-moving inventory to liquidate or mark down. This leads to lower turnover of 3-4x across furniture and homefurnishings. Supermarkets aim to balance fresh and shelf-stable items for consistent turns. It identifies problem areas.
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