DFS Group Limited’s Post

Next increased its stake in premium high street retailer Reiss to 72% on Friday 1 September in what industry experts consider a "good move" for the behemoth. However some have added that it leads to further consolidation of the high street. Read more here. #Next #Reiss #stake #highstreet #fashionnews #retailnews

This is certainly surprising.

In 2023, being "OK" is simply not enough ... Is history repeating itself? Seven years ago I published an article explaining the REAL reason why a well known High Street brand (BHS) had just collapsed. This week, another famous brand (Wilko) has also collapsed. There are seven years between them, but I believe the real reason for the collapse of Wilko is pretty much the same as the collapse of BHS back in 2016. https://lnkd.in/dkFJcH5 #Wilkinsons #Wilko #highstreet #retailing

♀ 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

Unveiling Brilliance: The Journey to 1,000 Stores In the heart of every diamond lies the potential for brilliance, awaiting the skilled hands of a master polisher to reveal its true glamour. Much like this intricate process, every company possesses untapped potential, waiting to be refined and perfected to shine brightly in the world of business. I have a story to share about a company that embodies this analogy—a company that is not just a diamond in the rough, but a diamond to polish. This company is on a journey, fueled by ambition, innovation, and unwavering determination. Their vision is bold: to open 1,000 stores in the coming years, venturing into new and thrilling markets with each step. Their commitment to excellence and their fervor for growth are unmatched. But what truly distinguishes them is their firm belief in their people and partners—their team of dedicated individuals who tirelessly work toward a common goal: to unlock the full potential of their company and foster an unparalleled retail experience. This company understands that success is not solely about achieving numerical targets—it's about crafting products that bring joy to people's lives, forging meaningful connections, and nurturing enduring relationships. They recognize that the road ahead will be challenging, but they are fueled by their faith in their mission. At the heart of this company's ethos lies sustainability—an unwavering commitment to environmental responsibility that fills every aspect of its operations. Sustainability is more than a mere buzzword; it's a guiding principle that shapes their decisions and actions. It is this dedication to sustainability that has earned them recognition as one of the pioneers in the retail industry. But their journey is not just about sustainability—it's also about resilience. Despite encountering numerous hurdles along the way, including economic downturns and global pandemics, they have persisted, emerging stronger and more determined than ever before. Throughout their journey, they have reached many milestones, each serving as a testament to their unwavering commitment to excellence. From opening their first store to the expansion into new and exciting markets worldwide, they have consistently pushed the boundaries of what is achievable in the retail sector. But perhaps the most remarkable milestones are those that truly shine despite the challenges faced: the camaraderie among their team and the invaluable support of partners who share their vision for success. Remember, the heart of a company's greatness lies within its people! Let's remember that diamonds are not created overnight. It takes time, dedication, and an unwavering commitment to excellence. Their brilliance will shine brighter than ever. Any guess who might be behind this remarkable journey? 🤔 Let's see if you can crack the code! #JourneyTo1000Stores #PolishingTheDiamond #GlobalExpansionGem #SustainableSuccess

The US Federal Trade Commission (FTC) has sued to block Tapestry’s (parent company of Coach and Kate Spade) $8.5 billion acquisition of Capri Holdings Limited (a global fashion luxury group consisting of Jimmy Choo, Michael Kors and Versace). How would the proposed deal impact global luxury retail competition and consumer choice? Coresight Research explores the merger’s implications and considers the FTC’s claims, leveraging proprietary US consumer survey analysis. #tapestry #capri #ftc #federaltradecommission

“TJMaxx and other #discounters 💸 , why aren't you in #Asia 🌏 ?“… I’m often asked this question... To be clear, 1) #discount #retail is in Asia; 2) it’s #growing; 3) its current flavor is different than the standard big box stores such as TJ Maxx but convergence will happen. Background: #Consumers love bargains 🤑 and suppliers have #unsold #inventory 📦 . #Offprice or discount retailers fill this gap. “Formalized” off-price was invented by Filene’s Basement where Edward Filene, in 1909, directly sourced and implemented an auto #markdown for #obsolete goods 🗓 - 25% off after 12 selling days, 50% off (18 days), 75% off (24 days), and "donated" 🤔 (30 days). A deceptively simple biz model #innovation, yet that model hasn’t rolled-out ubiquitously across Asia #YET. Factors: ✴ #MiddleIncome 💳 - Obviously, Asia is diverse - unique #buying #behaviors underpinned by fluid #economic #conditions. Stable economies with a middle class - 🇯🇵 🇰🇷 🇨🇳 🇭🇰 🇹🇼 - there’s formalized off-price in all its familiar flavors. #Developing Asia is a different story as their markets don’t #YET have the critical mass of middle class to support these types of concepts with consumers focused on "#needs" vs "#wants".  ✴ #Distribution 🏙 - Western retailing comes in Main Street, Online, and Mall formats - formalized, taxed and regulated, but developing Asia is not so straight-forward 🕸 . In #Indonesia 🇮🇩, ~60% of the workforce 💪 and GDP 💹 stem from #informal #markets 🎪 . #Mixed #transport options, #unbanked , and #everyday #needs are challenges that are met by neighborhood mom & pop stores (warungs) or open air #marketplaces. The limited #formal #trade 🏢 that does exists is #urban and #fullpriced, #elevated #shopping - not #offprice #treasure #hunts. ✴ #RealEstate 🏪 - While Asia is big, #commercial #realestate in Asia can be quite #fragmented with parcels owned by individual families; therefore, getting the gross space in the “right” location 🎯 to build a large #store along with the #infrastructure 🛣 to support it can be a massive undertaking. It’ll eventually happen with #developers leading the way. It’s a #nobrainer - there’s #demand for #overstock at #discounted #prices. At Pollen, we believe the unique #opportunity is dynamically #valuing #unsold #inventory and enabling suppliers to capture opps across various #geographies and #channels seamlessly. Throughout #Southeastasia TODAY, #digital is the way to reach consumers with #marketplaces such as Carousell Group, Shopee or Lazada. #Socialselling on TikTok, inspired by Pinduoduo , rapidly appears to be the off-price channel of choice 🏆 for #GenZ whom will fill the #MiddleIncomeGap 🕳 in many markets. Overall, off-price exists but its flavor is different than TJ Maxx. I suspect though that when the real estate is developed and middle classes established, the big box #treasure #hunt will take off across Asia - it’s just a #MatterOfTime. https://lnkd.in/g6Da342m (edited) 

🛍 Why are affluent shoppers flocking to discount retailers like T.J. Maxx and Marshalls? Here are three key takeaways: ✅ The Thrill of the Hunt: Wealthy shoppers enjoy the excitement of finding great deals on designer items. It's not just about saving money but the joy of discovering high-value goods at a fraction of their original price. ✅ Changing Perceptions: The social stigma that once surrounded shopping at discount stores is fading. Affluent shoppers no longer feel the need to hide their bargain-hunting habits. Instead, they openly share their finds and take pride in their ability to score deals on luxury items. ✅ Accessible Luxury: Discount retailers like T.J. Maxx and Marshalls bridge the gap between luxury and affordability. They offer a way for consumers to access high-end brands without paying full price, making designer fashion more accessible to a broader audience. By acquiring surplus designer goods from boutiques and struggling luxury retailers, these stores provide an opportunity to enjoy high-quality items at reduced prices, which continues to attract a diverse customer base. At Pollen, we leverage data and technology to help brands dynamically price unsold and surplus inventory and capture opportunities across various markets. As the retail landscape evolves, the success of discount retailers underscores the growing demand for value-driven shopping experiences. #Pollen #Sustainable #Liquidation

795 Madison was on the market for many years before we stepped in and successfully closed the deal. Andrew Schulman and Ryan Schimel secured a long-term lease for an international men's brand here. Can you guess which brand it might be? We can't wait to share more about this exciting new addition to the famous #MadisonAve! DM us or comment below for your best ideas about who is coming. #RetailLeasing #MadisonAvenue #NYCRealEstate #CapricornRetailAdvisors #RetailSpace #ShopNYC #StoreOpening #NYCShopping #LuxuryRetail #RetailNews #NewInNYC #ShoppingDistrict #FashionRetail #MensFashion #RetailTherapy #NewStoreAlert #BusinessSuccess #CommercialRealEstate #LeasingNews #FashionHub #NYCEvents #RetailWorld #BusinessDeal #IconicLocations #RetailMarketing #NYC #retailstateofmind