M&C Saatchi Merlin’s Post

Harrods, an example of how a department store properly, efficiently, and managed with excellence, is a profitable business. The most remarkable part, second year in a row. An example to watch and follow, by peers and competitors. #smartbusiness #departmentstore #retail #premium #luxury #experiences. Article courtesy of: TheIndustry.fashion & TheIndustry.beauty

Just how does stock get into Harrods without customers seeing it? Here's how: The delivery area is actually away from the store - and then the goods are transported to the store UNDERGROUND via a series of tunnels. Customers will never see stock being delivered at street level - retaining the retail magic! Need a stealthy retail delivery? We'll get it there! #Harrods #LondonDelivery #RetailDelivery

BREAKING: Dubai-Based Brands For Less Sells 35% Stake to TJX for $360M, Valuing the Group at $1.2 Billion Dubai’s Brands For Less (BFL) Group has sold 35% of its business to The TJX Companies, Inc. for $360 million, placing BFL’s total valuation at $1.2 billion. BFL, a leader in off-price retailing of fashion and homeware, operates across seven markets in the Middle East and Europe from its UAE base. Founded in Lebanon in 1996 and later expanding to the UAE in 2000, BFL has built a strong reputation under the leadership of its charismatic Executive Chairman and Co-Founder, Toufic Kreidieh, who is also known for his engaging TikTok presence. Kreidieh expressed enthusiasm about the partnership, stating, "This is an exciting opportunity for growth, and with TJX’s international expertise, we are well placed to successfully execute our strategy while supporting the development and rewarding the dedication of our employees.” The TJX Companies, a Fortune 100 company and the world’s leading off-price retailer with brands like TJ Maxx, Marshalls, and HomeGoods, will leverage its global experience to help BFL expand beyond the GCC region. TJX’s involvement is expected to significantly enhance BFL’s growth prospects on the international stage. https://lnkd.in/dQd5dxZF Toufic Kreidieh BFL Group The TJX Companies, Inc. #BFLGroup #UAE #Dubai #BreakingNews

A little throwback to my Retail Futures report that I completed as my last module at the end of my second year of university. In this piece of work I explore how luxury department stores can survive and thrive in the future and how companies can make sure they don’t plateau like Debenhams did! I bring in many different, current factors that can act as obstacles for stores and how they can overcome them. I scored a first in this report; feel free to have a read!

At the end of the day, shops done well are life-enhancing. These are two of my favourites! Read more here: https://lnkd.in/eyqfh4PH #benchmarks #highstreets #retail #futureofretail #experientialretail #ambience | Nick Caccavone

💥 Crew Clothing's Profit Surge💥 Thanks to strategic investments, their EBITDA soared by 26%, reaching £17.1 million from £13.5 million the previous year. E-commerce sales were up 18%, brick-and-mortar sales rose by 5%, and third-party retail sales saw an incredible 28% spike. Crew Clothing's multi-channel approach is clearly paying off, with a £2.6 million increase in post-corporation tax profit, taking the figure to £12.2 million. Crew Clothing's commitment to expanding its retail stores into key UK locations like Canterbury, East Grinstead, and Eastbourne shows that a balance of digital and in-store presence leads to robust growth. ✅#Retail #Fashion #BusinessGrowth

💥 Crew Clothing's Profit Surge💥 Thanks to strategic investments, their EBITDA soared by 26%, reaching £17.1 million from £13.5 million the previous year. E-commerce sales were up 18%, brick-and-mortar sales rose by 5%, and third-party retail sales saw an incredible 28% spike. Crew Clothing's multi-channel approach is clearly paying off, with a £2.6 million increase in post-corporation tax profit, taking the figure to £12.2 million. Crew Clothing's commitment to expanding its retail stores into key UK locations like Canterbury, East Grinstead, and Eastbourne shows that a balance of digital and in-store presence leads to robust growth. ✅#Retail #Fashion #BusinessGrowth

Hermes is being targeted in a new lawsuit accusing the luxury retailer of selling its coveted Birkin handbags only to customers who have spent exorbitant amounts of money at the store on other goods. Check out the latest updates on luxury with Amity Finishing School #luxurybrandstrategy #luxurybrandmanagement

Negotiating for the Customer: The Buyer's Manifesto! As a buyer, one is constantly involved in numerous negotiations each day. Some proceed according to plan, while others do not. What should be the primary objective for a buyer? The most compelling response I've encountered comes from Claude Harris, Walmart's first buyer, quoted in Sam Walton's renowned book "Made in America," where he articulates: “There’s a difference between being tough and being obnoxious. But every buyer has to be tough. That’s the job. I always told the buyers: ‘You’re not negotiating for Wal-Mart, you’re negotiating for your customer. And your customer deserves the best price you can get. If that’s being hard-nosed, then we ought to be as hard-nosed as we can be. You have to be fair and upfront and honest, but you have to drive your bargain because you’re dealing for millions and millions of customers who expect the best price they can get. If you buy that thing for $1.25, you’ve just bought somebody else’s inefficiency. You can’t let them get by with anything because they are going to take care of themselves, and your job is to take care of the customer.” #Buyer #BuyingandMerchandising #category #categorymanagement #negotiations #samwalton #walmart #ModernTrade #Retail

♻️ Is the second-hand market the future of sustainable retail? Or does it come with challenges we can't ignore? 🤔 Join the debate in the latest edition of Retail Face-Off where Glynn Davis and Matthew Valentine dive deep into the pros and cons of the second-hand market. From IKEA's peer-to-peer marketplace to luxury fashion's eco-friendly moves, discover why this market is shaking up retail—and why it still faces hurdles. 🌱🛍️