Skechers Australia/New Zealand’s Post

Primark is set to open a new store in Weymouth, taking over the former Wilko site. With footfall declining since Wilko closure, this move could be a turning point for the town. Our latest blog dives into Huq’s footfall data to explore how Primark’s arrival could spark a revival of Weymouth’s high street, attract new shoppers and boost the local economy. 📈 Explore how major retail investments like this can transform footfall trends: https://lnkd.in/e9cB9i8x #RetailStrategy #LocationIntelligence #FootfallData #RetailFinance #SiteSelection #RetailSuccess #RetailInsights #RetailExpansion

Department store Nordstrom is set to go private in an approximately $6.25 billion deal, with members of the Nordstrom family along with Mexican department store chain owner El Puerto de Liverpool acquiring all of the company’s outstanding shares. Read more: https://lnkd.in/eWcRXnHC Pictured: Erik Nordstrom and Pete Nordstrom

PRShots Retail Roundup - News from Sosandar, AO, Topps, Halfords, PrettyLittleThing, Le Coq Sportif, JD Williams, Tesco, Zara and Next. Plus, how to avoid returns from haul culture, how accessories can enhance the brand experience & more https://lnkd.in/ePNrmWf Image: Roman Originals #Retail #RetailNews #FashionNews #HomeNews #RetailBrandNews #RetailStrategy

British toy brand Hamleys has opened its second flagship store in Galleria Alberto Sordi, Rome. Click on the link below to know more... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing 

An interesting article in The Times looks at Primark's steady expansion in the US. While phenomenally successful, the chain has taken a deliberately cautious approach to growing stateside - learning from past European brands' mistakes in the American market. As the article notes, Kevin Tulip's leadership as President of Primark US has been instrumental in the brand's success, focusing on strategic expansion and adaptation to American tastes. With plans to open 100 more stores globally by 2026, including a significant focus on America, Primark aims to stand out in a competitive retail landscape dominated by discount giants like Walmart and Target. Primark's approach combines affordable pricing with quality products, is resonating well with American consumers. By adapting to local tastes and leveraging licensing deals with popular franchises like Disney and sporting leagues, Primark aims to cement its position in the American retail market.

A good one for business strategy

♀ The Fall of Barneys New York: A Cautionary Tale Barneys New York, a luxury retail icon established in 1923, filed for bankruptcy and closed its doors in 2019. Despite its legendary status, several factors led to its downfall: 1. High Operational Costs: Operating in prime locations like Madison Avenue resulted in unsustainable rent increases, with costs jumping from $16 million to $30 million annually. 2. Changing Consumer Behavior: The shift towards e-commerce left traditional retailers like Barneys struggling as consumers, especially younger ones, preferred online shopping for its convenience and competitive pricing. 3. Intense Competition: Online luxury platforms like Net-a-Porter and Farfetch, along with traditional competitors like Neiman Marcus, offered more choices and better prices, outpacing Barneys. 4. Poor Management Decisions: Frequent changes in ownership and management led to inconsistent strategies. Expensive store expansions and renovations didn't deliver expected returns, exacerbating financial strains. 5. Economic Factors: Economic downturns reduced discretionary spending, heavily impacting luxury retailers like Barneys, which couldn't navigate these challenges effectively. 6. Brand Relevance: Barneys struggled to stay relevant amidst a rapidly evolving fashion landscape. New, agile brands captured the attention of fashion-forward consumers, leaving Barneys behind. ♀ Barneys' failure highlights the need for adaptability in retail, underscoring the importance of evolving with consumer trends and economic shifts. #branding #Fashion #ecommerce

If you’ve walked down a high street, or a shopping mall, in a major city or town across the UK, Europe or the USA over the last 30 years then the chances are you’ve walked past a Foot Locker. The iconic American sports referee inspired uniforms and walls clad with basketball sneakers that previously could only be purchased from authorised stockists like Foot Locker. However with economic uncertainty, changing sneaker trends and an ever growing resale market, Foot Locker has seen a decline in sales for the last year and a half, announcing previously their plans to streamline their business operations with cost cutting incentives to close 400 stores by 2026. Earlier in the year Footlocker also announced they were moving their headquarters to Florida in a bid to further reduce operating costs. With the continued retail headwinds & global uncertainty Footlocker’s Q3 2024 sales fell slightly short of analyst expectations https://lnkd.in/eb-TjR68

Marks and Spencer Brixton Road reopened following a seven-month makeover to transform the shopping experience for customers. Further to the renewal, the launch was also a chance to mark 100 years of M&S in Brixton, as this was the retailer's first store in London. Read more: https://lnkd.in/gPZ9T2-K #FMCG #Grocery #Supermarkets #NZSupermarkets #SupermarketsNZ #NZGrocery #GroceryIndustry #GroceryRetail

Today's The Robin Report dives in to the WHY it matters as we all look at the latest about the Nordstrom merger. I am that consumer who loves both brands...what do you think? #RetailLeadership #RetailBrands #Opinion #Unbiased #RetailManagement Read Listen Watch 👇 👂 👀