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With Sights on Global Growth, Draper James Sells Majority Stake

Retail TouchPoints

Draper James’ DTC ecommerce site and three retail stores will remain open, but the brand also plans to extend its presence globally to premium department and specialty stores, as well as expand its exclusive collection with Kohl’s.

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

Retail TouchPoints

adults plan to celebrate Valentine’s Day this year, spending a total of $21.8 However, 74% of those celebrating noted that pandemic will directly impact their Valentine’s Day plans, which has resulted in an average spending drop. Just over half ( 52% ) of U.S. per person spent in 2020.

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Why Aeon Mall is looking outside Japan for future growth

Inside Retail

Regional trends This year, Aeon expects specialty store sales in its China shopping malls to grow by 30 per cent, which would normally be a forward indicator of strongly positive leasing spreads. Meanwhile, Aeon expects specialty store growth in both its Japan and Vietnam malls of 10 per cent this year.

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WSJ: Amazon Mulls Closing Unprofitable Businesses, Stores in Cost-Cutting Measure

Retail TouchPoints

Additionally, Amazon has shut many of its physical stores aside from grocery, including bookshops and specialty stores, even though the retailer had a growth plan to nearly double its store footprint, according to people familiar with the plans. 10 on news of the cuts and data that showed easing inflation.

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Meet Safely, a modern self-defense brand founded by women for women

Inside Retail

In May, the company plans to launch a multi-use, patent-pending product on its direct-to-consumer site for pre-order. In addition to the brand’s DTC website, Safely products are currently available at the University of Texas’ student shop and in several specialty stores throughout Texas.

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Mother’s Day spending expected to hit $33.5 billion

Mass Relators

On average, those celebrating plan to spend $254.04 Even though consumers continue to gravitate toward classic Mother’s Day gifts like flowers and greeting cards, almost one-third plan to give a gift of experience this year,” Prosper Executive Vice President of Strategy Phil Rist said. Eighty-four percent of U.S. per person.

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Exclusive: Target Australia MD talks turnaround ahead of brand relaunch

Inside Retail

The closure or conversion of 144 Target stores in FY21 has left the retailer with a network of around 140 stores today, a much smaller business that is simpler and less costly to run with a stronger focus on digital sales. Taking share off specialty stores.