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Expert View
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Retail development Trinity Leeds, developed by Land Securities, opened its doors on 21 March 2013 with more than 70 retailers ready for business. The development is set to revitalize retail in Leeds, with more than 40 big names coming to the city for the first time.
Published By Datamonitor
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21 Mar 2013 |
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Expert View
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Christmas 2012's trading results are in, and the retail winners have clearly been those that have invested in innovative online operations. Nowhere has this been more obvious than in the clothing & footwear sector. Department stores have also thrived, as retailers have been investing in creating desirable shopping destinations and websites.
Published By Datamonitor
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19 Feb 2013 |
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Expert View
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The premium sector of the UK department store market will account for 42.9% of total expenditure in 2017, equating to an additional GBP975m in the next five years, according to the Verdict report Department Store Retailing in the UK. This is being fueled by midmarket players moving towards more luxury products.
Published By Datamonitor
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14 Feb 2013 |
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Expert View
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Verdict has revealed that more than GBP2.5bn of the UK's department store sales will come from online by 2017. As department store websites become more commonplace, delivery innovations such as annual subscriptions, click & collect, and m-commerce will become must-haves.
Published By Datamonitor
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08 Feb 2013 |
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Expert View
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Strong Christmas results from the UK's leading department stores indicate a resurgence in the channel. While the department store model lends itself well to the gift-giving period due to its wide product range, other elements of the business - namely online - have come to the fore, which will provide growth opportunities in the coming years as long as sufficient investment is made.
Published By Datamonitor
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15 Jan 2013 |
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Expert View
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Leading European department store operator El Corte Ingles has reported a 3.9% decline in turnover as shoppers switch to cheaper rivals due to squeezed disposable incomes. As the tough trading environment in Spain continues, the retailer may regret its cautious approach to international expansion and its reliance on Spain. It needs to act swiftly to halt sliding sales and regain consumer loyalty.
Published By Datamonitor
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30 Aug 2012 |
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Expert View
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Luxury department store operator Nordstrom has reported 12.7% revenue growth in FY2012, outperforming other US department stores Macy's, Kohl's, and Dillard's. While the economic difficulties in the US market have heavily impacted other players, such as Sears and JCPenney, Nordstrom has bounced back from a poor FY2009, having benefitted from demand for high quality luxury goods.
Published By Datamonitor
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20 Feb 2012 |
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CommentWire
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Sears has been unable to take advantage of increased consumer spending in the run up to Christmas, and has posted a decline in same-store sales. While the company has proposed store closures to minimize costs, its continued diminishing sales highlight more fundamental issues with its proposition, which need to be resolved swiftly before losing more customers and market share to competitors.
Published By Datamonitor
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04 Jan 2012 |
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CommentWire
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In the run-up to Christmas Tesco is giving its UK Clubcard holders the opportunity to exchange GBP12.50 worth of Clubcard vouchers for a GBP25 House of Fraser gift card. While some consider them to be outmoded, gift cards present retailers with an opportunity to attract new customers and boost sales, making such initiatives worthwhile.
Published By Datamonitor
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08 Dec 2011 |
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CommentWire
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Like many of its Chilean rivals, Cencosud is focusing investment on Peru to help reduce its dependence on its mature domestic market. The Peruvian retail sector is appealing due to consumers' increased access to credit, high spending, and promising growth; however, Cencosud's existing grocery business must be refined if it is to remain a dominant player.
Published By Datamonitor
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25 Oct 2011 |
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