article thumbnail

Report: Westfield Parent Aims to Sell its U.S. Mall Properties by Late 2023

Retail TouchPoints

Mall operator Unibail-Rodamco-Westfield SE (URW) is reportedly looking to divest most of its U.S. 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 valued its U.S.

article thumbnail

#RSP22: Everything You Need to Know About Holiday 2022

Retail TouchPoints

The Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment, providing a wealth of insights to help merchants refine and optimize their holiday strategies. YOY growth this holiday season, whereas department stores will only see a 0.3%

Insiders

Sign Up for our Newsletter

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

article thumbnail

Viva La Retail: The Retail Renaissance Lives And Dies By The Connected Consumer

RTP blog

Up to 90% of consumers use their phone while shopping in stores and retailers are increasingly enhancing digital transformation strategies to take advantage of the new mobile-powered shopping era across every vertical, from department stores and supermarkets to hardware, sports and specialty retailing.

article thumbnail

How to Meet and Exceed Amazon-Driven Customer Expectations 

ESW

So now is the time for brands to evaluate and optimise operations to ensure a strong finish to the year. From the shuttering of physical stores to seismic shifts in logistics operations, many blame The Amazon Effect. If they needed a new shirt, they went to the department store. billion in sales in Q3 2020.”

eCommerce 139
article thumbnail

Retail vs Ecommerce: What’s the Difference?

Ecommerce Platforms

Quick answer : The term “retail store” typically applies to a physical, or brick-and-mortar location, such as a supermarket, boutique, or individual offline store. Both retail and ecommerce stores have their own distinctive pros and cons to consider for any entrepreneur. How Does Ecommerce Work?

eCommerce 104
article thumbnail

2020 Holiday Ecommerce News & Updates [January 2021]

ROI Revolution

The home improvement category saw the biggest year-over-year increase in ecommerce at 79.7% , while department stores saw a modest 3.3%. Overall, furniture saw the largest jump in retail sales (including ecommerce and in-store) at 16.2%, while luxury items saw the biggest decline at 21.1%.

article thumbnail

Organized Retail Crime is on the Rise, but AI Can Stop This Troublesome Trend

Retail TouchPoints

According to the 2022 Organized Retail Crime Survey from the National Retail Federation, in partnership with Appriss Retail and the Loss Prevention Research Council, for every $1 billion in revenue that a U.S. retailer makes, more than $700,000 is lost due to ORC. Dr. Adi Raz serves as the VP of Data Science for Appriss Retail.

Retail 255