Retail TouchPoints

FEBRUARY 9, 2024

In late 2022, Neiman Marcus Group (NMG) entered a long-term agreement with Farfetch that saw the marketplace invest $200 million in the department store chain. The moves by Neiman and Kering follow the contentious sale of Farfetch to South Korean ecommerce company Coupang , which was completed on Jan.

Department Stores 264

Department Stores Fashion eCommerce Operations 264

Retail TouchPoints

MARCH 11, 2024

The associates at a Patagonia store in Reno, Nev. have voted to join the United Food and Commercial Workers (UFCW) Local 711 , marking the first successful unionization effort at a Patagonia store. with the RWDSU and five Vertical Endeavors climbing gyms in Minnesota.

Outdoor 290

Outdoor Department Stores Retail Other 290

365 Retail

FEBRUARY 16, 2024

In January 2024, the UK retail sector witnessed a notable recovery, as sales volumes increased by 3.4% The recovery was predominantly led by increased sales in food stores, notably supermarkets, contributing the most to the uplift. Year-on-year analysis shows sales volumes in January 2024 were 0.7% Despite a marginal 0.2%

Department Stores 62

Department Stores Automotive Retail Clothing 62

Mi9

OCTOBER 25, 2023

Make the Most of NRF 2024 – Visit Mi9 Retail JANUARY 14 – 16, 2024 | BOOTH #5413 LET’S MEET × Retail Software That Works For You Visit Mi9 Retail at NRF 2024 to explore how our Software Platform can help your business. Let’s Meet at NRF 2024! Mi9 Retail is headquartered in Ft Lauderdale, FL.

Department Stores 52

Department Stores Merchant Services eCommerce Point of Sale 52

RetailDive

APRIL 15, 2024

CEO Tony Spring surprised the industry with a new tranche of 150 department store closures, 50 of which are shuttering in 2024. Here’s what that looks like.

Department Stores 112

Department Stores 112

Retail TouchPoints

APRIL 2, 2024

KnitWell Group has partnered with Mexican department store retailer El Puerto de Liverpool to expand the Talbots brand to Mexico. Liverpool will open 10 Talbots shop-in-shops within its stores in and around Mexico City this month with assortments featuring Talbots’ modern classic style curated for Mexican consumers.

Department Stores 147

Department Stores Retail Consumer Customer 147

365 Retail

MAY 22, 2024

Marks & Spencer (M&S) has released its financial results for the 52 weeks ending 30 March 2024, demonstrating a notable recovery and growth across its business segments. The post Marks & Spencer Reports Strong Full-Year Results for 2024 appeared first on Retail News and Events. M&S revenue for the year reached £11.9

Payment Services 62

Payment Services Clothing Payments Supplies 62

Retail TouchPoints

MARCH 13, 2024

The Bode installation, open through April 7, 2024, will feature the brand’s luxury menswear and womenswear collections, which are characterized by high-level historical reproductions as a means of preserving handcraft techniques.

Department Stores 216

Department Stores Clothing Definition Presentation 216

Retail TouchPoints

FEBRUARY 29, 2024

The 22 statement pieces, available online and in select stores, include gowns with removable straps and reversible skirts as well as suits and jackets with zip-off tails. This commitment is central to JCPenney’s “Make it Count” turnaround plans , which executives unveiled in September 2023.

Fashion 225

Fashion Department Stores 225

Retail TouchPoints

NOVEMBER 20, 2023

Net sales for Q3 of its 2024 fiscal year, which ended Oct. billion , and comp store sales increased 6% , helped by increases of 9% at HomeGoods and 7% at Marmaxx (referring to U.S. stores for both divisions). billion was down 7% compared to the same period in 2022; comp store sales fell by the same percentage.

Department Stores 243

Department Stores Apparel Reference Operations 243

Steve Dennis

FEBRUARY 10, 2024

Both flagship and destination stores are being invested in, as are smaller, neighborhood oriented formats, while department stores and commodity-oriented category killers retrench. “A” malls are doing well, while just about all others are limping along, being massively repurposed, or bull-dozed entirely.

Retail 88

Retail Department Stores eCommerce Article 88

365 Retail

JANUARY 18, 2024

From cash registers being used in the first department stores to the introduction of credit cards in the mid-20th century, retailers have always had to be aware of technology trends. The post Which Retail Trends Show How Important Technology Is In 2024? The latest technology has always played a huge role in the retail industry.

Technology 52

Technology Retail Department Stores Games 52

Retail TouchPoints

FEBRUARY 16, 2024

Rag & Bone currently operates 34 stores in the U.S. and two stores in the UK, and the brand also is sold in boutiques, department stores and online globally. million , based on preset levels of sales and EBITDA performance over the course of Rag & Bone’s 2024 fiscal year.

Fashion 231

Fashion Department Stores Toys Operations 231

Retail TouchPoints

JULY 21, 2023

Macy’s has unveiled the first of four new private label brands it plans to roll out through 2025 as the department store reimagines its private label offerings. 17, 2023, with shoes set to launch in spring 2024. The collection has more than 750 SKUs, with prices ranging from $18.50 to $299.50 and sizing ranges from XXS to 4X. “We

Department Stores 234

Department Stores Accessories Apparel Other 234

TalkingRetail

MARCH 22, 2024

in January 2024, the ONS said. Sales volumes in clothing and department stores grew because of new collections but… This story continues at Retail sales stall as wet weather hits footfall Or just read more coverage at Talking Retail That performance followed an increase of 3.6%

Department Stores 52

Department Stores Retail Clothing 52

365 Retail

MAY 14, 2024

Amex’s research surveyed 500 senior decision makers across UK retail and hospitality businesses of all sizes, with at least one physical store, exploring their current challenges, investment priorities, and customer attraction strategies. Looking at large retailers* specifically, over half (53%) plan to open a new premises this year.

eCommerce 106

eCommerce Customer Retail Department Stores 106

Retail TouchPoints

APRIL 6, 2022

Retailers closed a record 12,200 stores in 2020, with an outsize share coming from malls and one-third of the total from department stores specifically, according to data from CoStar Group. URW expects these combined strategies to help it return to its 2019 EBITDA by 2024. so why are you getting out of this?”

Payment Services 263

Payment Services Payments Department Stores Operations 263

365 Retail

JANUARY 9, 2024

However, the entertainment and travel sectors saw a surge as consumers eagerly booked experiences and getaways for 2024. Retail Spending Dips Clothing and department store spending returned to a decline after a November spike, potentially due to earlier promotional activities by retailers. compared to 3.3% in the previous month.

Travel 104

Travel Consumer Leisure Department Stores 104

Retail TouchPoints

NOVEMBER 21, 2023

November and December holiday sales average around 19% of total retail sales, per the NRF , and this share can be even higher for some department stores and specialty retailers. The takeaway for retailers is that there isn’t a hard stop to holiday cheer, and brands can extend the deals and savings well into 2024.

Customer 252

Customer Gifts Specialty Retailers Department Stores 252

RetailWire

MAY 4, 2023

which has opened 10 Market by Macy’s and Bloomie’s stores, is adding five of the smaller, standalone stores this fiscal year. The smaller shop concepts have outperformed the retailer’s traditional department stores in malls. Macy’s, Inc., “We’re very bullish on the concept.

Department Stores 52

Department Stores Marketing Retail Article 52

365 Retail

MARCH 15, 2024

The latest developments include a significant leasing deal with NEXT , which will see the launch of a new 61,000 square foot department store in the former Debenhams space, set to open in November 2024. We’re committed to fostering opportunities that benefit all Newcastle residents,” Kemp added.

Leisure 62

Leisure Food and Beverages Retail Department Stores 62

365 Retail

FEBRUARY 28, 2024

Additionally, the Pop-Up Borsalino project continues to thrive, with a temporary boutique at the Printemps Haussmann department store in Paris running from 2 November 2023 to 7 January 2024.

Department Stores 57

Department Stores Accessories Fashion Presentation 57

365 Retail

JANUARY 19, 2024

Total non-food store sales volumes fell by 3.9%, with department stores experiencing a significant 7.1% Other non-food stores, including those selling sports equipment, games, toys, watches, and jewellery, saw a 4.5% The three-month on-three-month volumes fell by 0.9%, continuing the trend of recent months​.

Retail 70

Retail Department Stores Toys Clothing 70

365 Retail

MARCH 11, 2024

The construction aims to breathe new life into this historic site, with an anticipated completion date in October 2024. This comprehensive refurbishment is not just a nod to the store’s storied past but a forward-looking venture aimed at enhancing the shopping experience for future generations.

Events 118

Events Customer Experience Improvements Management 118

365 Retail

JANUARY 22, 2024

Additionally, Dundee will welcome a new full-line store at Gallagher Retail Park by Summer 2024, and Largs will see its first M&S foodhall opening in early 2025. Further amplifying its presence in Scotland, M&S is set to open a new foodhall in Linlithgow later this month.

Clothing 62

Clothing Omnichannel Presentation Supplies 62

OrderDynamics

MARCH 21, 2019

Bad News Brick-and-Mortar Stores: The Internet Finally Has you Beat (Adweek). E-commerce Will Overtake Physical Retail in 2024 (Generix Group). Do customers HAVE to choose between online shopping or physical store shopping? By sector, the study found that closing stores dropped web traffic by: -9.5% Fashion and Apparel.

Retail 55

Retail eCommerce Home Furnishings Online Retail 55

Retail TouchPoints

JANUARY 19, 2024

It wasn’t until 1924, when the store moved uptown to its now iconic location on 50th Street, that “Fifth Avenue” got tacked on. This moment 100 years ago was one of Saks’ first big “pivots,” Metrick pointed out during a keynote presentation at the 2024 NRF Big Show.

Customer 250

Customer Books eCommerce Omnichannel 250

ROI Revolution

AUGUST 5, 2021

Jewelry, lodging, and department stores saw the biggest yearly sales growth compared to the other sectors measured in Mastercard’s SpendingPulse Report. But with pandemic restrictions subsiding and in-store shopping making a return, will consumers’ preference for digital continue? It will be nearly double that in 2024.

eCommerce 197

eCommerce Social Media Payment Services Merchant Services 197

ROI Revolution

DECEMBER 2, 2021

In-store sales were up nearly 43% over Black Friday 2020, with department stores up 86.4%. The home décor market is expected to be valued at $202 billion by 2024, a 20% increase from 2019. But with pandemic restrictions subsiding and in-store shopping making a return, will consumers’ preference for digital continue?

eCommerce 148

eCommerce Social Media Payments Payment Services 148

ROI Revolution

MARCH 2, 2021

With consumers more concerned about their discretionary spending, the online resale apparel market is projected to double by 2024 ( Statista ). By 2024, it is projected that more than 2/3 of search ad spend will go to mobile. million social media users in 2020, and that number is expected to grow to 226 million by 2024.

eCommerce 195

eCommerce Social Media Payment Services Merchant Services 195

ROI Revolution

JULY 1, 2021

month-over-month in April while department stores saw 68.2% By 2024, annual paid ad spend is projected to hit $109.1 It will be nearly double that in 2024. The athleisure market now makes up 20% of all apparel sales and is expected to grow by as much as $81 billion from 2020 to 2024. Ecommerce sales rose 11.1%

eCommerce 148

eCommerce Social Media Payment Services Merchant Services 148

ROI Revolution

JUNE 1, 2021

By 2024, annual paid ad spend is projected to hit $109.1 It will be nearly double that in 2024. The athleisure market now makes up 20% of all apparel sales and is expected to grow by as much as $81 billion from 2020 to 2024. By 2024, it is projected that more than 2/3 of search ad spend will go to mobile. April 27 update.

eCommerce 158

eCommerce Social Media Payment Services Merchant Services 158

ROI Revolution

JANUARY 5, 2021

While this isn’t as pronounced of an increase as we saw in 2020 from 2019 ($600.1B), marketers and executives should note that these are levels of ecommerce that experts didn’t expect we would reach until 2024. By 2024, it is projected that more than 2/3 of search ad spend will go to mobile. Department stores accounted for 14.3%

eCommerce 147

eCommerce Social Media Payment Services Merchant Services 147

ROI Revolution

MAY 6, 2021

By 2024, annual paid ad spend is projected to hit $109.1 It will be nearly double that in 2024. The athleisure market now makes up 20% of all apparel sales and is expected to grow by as much as $81 billion from 2020 to 2024. By 2024, it is projected that more than 2/3 of search ad spend will go to mobile. April 27 update.

eCommerce 148

eCommerce Social Media Payment Services Merchant Services 148

ROI Revolution

JANUARY 5, 2022

In-store sales were up nearly 43% over Black Friday 2020, with department stores up 86.4%. The home décor market is expected to be valued at $202 billion by 2024, a 20% increase from 2019. But with pandemic restrictions subsiding and in-store shopping making a return, will consumers’ preference for digital continue?

eCommerce 78

eCommerce Social Media Payments Payment Services 78

ROI Revolution

OCTOBER 7, 2021

The home décor market is expected to be valued at $202 billion by 2024, a 20% increase from 2019. Jewelry, lodging, and department stores saw the biggest yearly sales growth compared to the other sectors measured in Mastercard’s SpendingPulse Report. When it comes to large retailers and department stores, 58.2%

eCommerce 78

eCommerce Social Media Payments Payment Services 78

ROI Revolution

NOVEMBER 4, 2021

The home décor market is expected to be valued at $202 billion by 2024, a 20% increase from 2019. Jewelry, lodging, and department stores saw the biggest yearly sales growth compared to the other sectors measured in Mastercard’s SpendingPulse Report. When it comes to large retailers and department stores, 58.2%

eCommerce 78

eCommerce Social Media Payments Payment Services 78