Darryl Bannon FCCA MBA’s Post

JL selects five rivals for interiors price matching Argos, Dunelm, Furniture Village, Heal's and Next will be the main interiors price match comparisons for John Lewis & Partners when it re-introduces its Never Knowingly Undersold promise next week. The retailers are among 25 the department store chain will use to price match on branded products. The promise has been updated for its return, two years after it was axed. It will now include online sales a well. The promises was ended in 2022 as the chain was forced to price match near-constant significant discounts, particularly at weekends, on make-up by rivals such as Debenhams. The chain says it will debut the new message with its largest consumer marketing campaign. It was first introduced at the Peter Jones store, London in 1925 before being introduced to other branches in 1926. The 25 brands being matched are: AO; Amazon (technology only); Apple; Argos; ASOS.com; Boots UK; Currys plc; Dunelm; Dreams; The Entertainer; Fenwick; FLANNELS; Furniture Village; Harrods; Harvey Nichols; Heal's; House of Fraser; Lakeland; Marks and Spencer; Mamas & Papas; Next; Richer Sounds; Selfridges; Smyths Toys Superstores and Space NK. #retail #retailindustry #pricematching

🛍️ Ever wondered about the retail magic at John Lewis & Partners? 🔎 Picture this: a stroll through aisles, finding everything from cozy pajamas to the perfect living room couch – all under one roof. ✨ Explore the enchanting success story of this British retail giant! #marketsegmentation #positioning

While other luxury retailers and brands are feeling the effects of a downturn in sales, Coco de Mer London is expanding its retail presence and has made its Knightsbridge pop-up a permanent fixture on Motcomb Street. Lucy Litwack, owner and CEO, shares the key ingredients spearheading the luxury lingerie brand and store’s growth. Read now. #fashion #fashionnews #retail #retailnews

Particularly in the retail sector, pop-up stores (or pop-up sites within established partner stores) represents a way for a company to quickly take advantage of sales opportunities or test out the business opportunity in an area without making a full commitment to open a long term store. Therein, there are a series of compromises that a company makes to keep costs down and deployment quick, and these compromises include the technology package that is deployed as the below article describes. While the concept of a pop-up may generally be a “retail thing”, the concept of deploying a subset of functionality on a temporary basis to a site quickly and inexpensively is clearly not limited to retail. Having an infrastructure team that can provide solutions to make certain that "expediently pragmatic" does not become "catastrophically problematic" is critical. Even better, is having an infrastructure partner that can plan these ahead of time and has an established process to build and deploy the technology component to a temp site. TNMG excels at helping customers deploy IT systems to support short term locations quickly, efficiently, and reliably. If you’re struggling with deploying technology to temp sites (whether that is a technology package in a suitcase for a day’s use or a cut down rack of equipment for weeks to months), give us a call.

Retail Today / Retail Renaissance: Has TJX found their next “billion dollar” brand? HomeSense TJX this off-price powerhouse continues to dominate this retail sector with their stable of brands. #tjx #marshalls #sierratradingpost #HomeGoods #HomeSense With $56 Billion Dollars in sales, TJX is closing in on 5,000 stores internationally. #sales How does TJX do it? They understand their customers, she’s aspirational, fashionable, stylish and loves the “Treasure Hunt”. #customerexperience #aspirational #fashion #style The you add the “TJX MAGIC”, a company that’s passionate about building and supporting “Merchants”. #merchandising #merchants Now the opportunity! HomeGoods has been a major success for TJX the last 25 years with 922 stores and a cult following. I completely agree with the attached article from “Business Of Home” Warren Shoulberg. Warren Shoulberg As GenZ and Millennials start to fill millions of apartments being built across the country. There’s a huge opportunity! #genz #millennials #apartments I have also included my visit to HomeSense from a couple of months ago. #retail #retailtrends #retailindustry #offprice #brandexperience #TopRetailExpert

Now official: HBC, parent company of Saks Fifth Avenue, has entered into a definitive agreement to acquire Neiman Marcus Group, parent company of Neiman Marcus and Bergdorf Goodman, for a total enterprise value of $2.65 billion. Key points: 🔑 Upon transaction close, HBC will establish Saks Global, a combination of world-class luxury retail and real estate assets, including Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus and Bergdorf Goodman, each of which will continue operations under their respective brands. 🔑 Amazon will be an investor in and work with Saks Global to innovate on behalf of customers and brands partners following the close of the transaction. 🔑 Global software investor, Insight Partners, an investor in Saks.com, will be a shareholder in the new company. Salesforce will also become an investor at closing. 🔑 Upon closing of the transaction, HBC’s Canadian business will be recapitalized as a standalone entity, separate from Saks Global. 🔑 Current Saks.com CEO Marc Metrick will become CEO of Saks Global, leading Saks Global’s retail and consumer businesses. 🔑 Ian Putnam, currently President and CEO of HBC Properties and Investments, will become CEO of Saks Global Properties and Investments. https://lnkd.in/e2a4HJZX #retail #retailnews #luxury #departmentstores #fashion

Pop-up retail is making waves across the United States. In Renee C.' Mainebiz article, enVista's Allison McCabe offers her insights on the strategy behind temporary retail spaces. Read the article here: https://hubs.li/Q02NNTtR0 #Retail #RetailStrategy #PopUpRetail

My recent blog post explores the newest #retail hotspots across the U.S.:https://bit.ly/3VZaUtc. And the five U.S. streets that topped the list may differ from what you expect! We consulted fashion and commercial real estate experts to weigh in on the rankings, and the popular opinions may surprise you. #ColliersRetail

🤍 Stand out with White Space🤍 Did you know that how closely you position your merchandise speaks volumes to your customers? Lots of space between merchandise conveys luxury, which is why you'll find items spaced farther apart in high-end boutiques than in a discount store. That's not to say that closely-spaced items are a bad thing. If you're having a large sale and want to show customers how much bang they can get for their buck, it makes sense to have plenty of products on display. Whatever you do, don't ever overcrowd your racks or shelves. Make sure there's plenty of room for customers to peruse your products and that everything stays neat and tidy. Follow us for more merchandising tips, and visit our website to learn more about how we can help you transform your retail space into your vision. https://buff.ly/3YWVXcW #whitespaceretail #luxuryretail #whitespacematters #lessismore

It’s pretty wild out there for the big multi-brand stores at the moment. No wonder they’re having such a hard time, considering every bloody store carries the same product whilst trying to target the same customer. One of the main reasons for the department store doppelgänger is that their largest revenue driving super-brands are increasingly concession based, making up anywhere between 50-70% of their offer. And we all know what a concession based model means…the brand calls the shots, rendering the stores edit less nuanced. It might feel counterintuitive during times of flux, but now is not the time to play it safe. So, as the mass consolidation continues and the super-brands snatch more and more control, it’s never been more important for multi-brand stores to nail their niche. I just came back from Paris market where I was chatting with a CEO of a privately owned luxury brand, it was interesting to hear that some of the smaller multi-brand boutiques are having a wonderful time, sighting Elyse Walker and Kirna Zabete as two of the more positive stories coming out the US right now. Each store has around 7 locations and is putting down orders which match that of the biggies. I think this shows there is a growing trend towards greater curation, having a point of view and not trying to be all-things-to-all-people. Look, I get that niche doesn’t always pay the bills, and if 60% of your business is generated from concession based super-brands, then you obviously need to protect these sales. But let’s face it, nobody needs convincing to buy super-brand product, the brands themselves have done the hard work already. So it’s about the big stores being clever with how they choose to expose this product to customers without it bulldozing their entire store identity. So buy those (slightly) obscure designers and treat them like super-brands - get them in your seasonal ad campaign, lay on a VIP trunk show, hell, give them their own pop-up. Do whatever you need to do to carve your identity and separate your store from the rest. Some customers may stay for the unknown, some may stay for the familiar, but at least you’ve stood out and got them through the door.