Business
Target Becomes ‘Retail of the Year’; Boost in Sales At Least 15%
Macy’s, Kohl’s, J.C. Penney, and even Walmart should now be in the lookout for Target as it sets to prove to be the newest department store in the country.
Gone were the days when these team of department stores just sell apparel and accessories to its customers. Target has moved forward to the grocery department and reconstructed its online service and added more services to its shoppers like the pickup in-store and curbside.
In its 3rd quarter, Target increased its same-store sales by 10%. The apparel department represents 20% of the sales, behind food and beauty products.
Target’s shopping experience made it better for its consumers. In the apparel business, they have added more mannequins in their store to show off more new styles. They have also invested in more modern and diverse looking ones that entice different types of markets. They also have spent in a spacy dressing room with good lighting, these add up to the experience of buyers plus their lower prices compared to other department stores.
Another thing that Target developed was their wares. They have collaborated together with brands such as Levi’s and Champion. There were some speculations that they just might add Nike to their brands. Since Nike pulled out from Amazon. This move alone could bring a lot to Macy’s, Kohls, JCP because they were the primary outlet for this sneaker giant.
As compared to the Target estimate vs. actual sales and shares, take a look at the figures:
· Total sales: $18.22 billion estimates vs. $18.7 billion actual sales
· Earnings per share. $1.19 estimate vs. $1.36
· Same-store sales: vs. 3.5% estimated increase vs 4.5% increase actual
· Gross profit margin: 29% estimate vs. 29.8%
· Full-year earnings guidance $6.18 vs. $6.25 to $6.45
According to the CEO of Target, Brian Cornell, online orders cost drops 90% when shoppers use same-day options. Their digital sales increase by 31% because of same-day services, and that itself takes 80% of the growth. These services include curbside pickup, same-day delivery via ShipT, buy online, pick up in-store.
On the other hand, Walmart started its online retail, but they have not been successful. In fact, they are still losing money with their online sales. Target got to find means to cut down on different costs and eventually gain more profit from it.
The CEO explained, “When it’s delivered by our stores … those look a lot more like store economics”. The way it works it that Target fulfills the online order from its store rather than shipping it from its distribution center. This itself decreases the cost by 40%.
When customers order online and decide to pick it up at a store or curbside or have it shipped via Shipt, 90% of the cost goes away. Walmart has been slowly following this trend.
This is one thing that the giant Amazon cannot compete with. It doesn’t have the brick and mortar stores unlike Target and Walmart, but it has been adding more lockers to Whole Foods store and shopping malls.
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Business
CROWN GOOSE LAUNCHES A 6 STAR HOTEL GRAND MERCURE ROOM PACKAGE
Asia’s one of most prominent Hotelplexes, Yongsan Dragon City Hotel Grand Mercure and global luxury goose down bedding brand Crown Goose collaborate to showcase Grand Mercure Crown Goose Suite Room Package from July 20th to August 31st.
Asia’s one of most prominent Hotelplexes, Yongsan Dragon City Hotel Grand Mercure and global luxury goose down bedding brand Crown Goose collaborate to showcase Grand Mercure Crown Goose Suite Room Package from July 20th to August 31st.
Yongsan Dragon City Hotel is a part of Accor Hotel Group from France, and is the largest hotel in Korea with 1,700 rooms, 11 restaurants and bars. The hotel can accommodate up to 4,900 people. Yongsan Dragon City includes four brands: Grand Mercure, Novotel Suites, Novotel Ambassador, and ibis Styles Ambassador.
Crown Goose Suite Room Package is located in Grand Mercure, known as a 6-star hotel from the Accor Hotel Group. Grand Mercure has upto 3 bedrooms, full kitchen facility, and indoor golf course and an access to executive floor lounge.
Grand Mercure’s Crown Goose package room is decorated with royal gold color, which symbolizes success, elegance, and royal authority. This Grand Mercure Suite room displays the top 0.05% of Crown Goose clients’ favorite bedding items. The room package also includes gift box of towel sets.
Crown Goose, a global eiderdown brand has showcased “Crown Goose Room Package” in Hilton hotels before. Hilton’s ocean suite room, the highest room in Hilton accommodated a number of celebrities.
Located in the heart of Beverly Hills, Crown Goose is a goose down brand loved by the world’s top clients and super riches. Crown Goose’s recent clients included New York Manhattan Super Rich’s Residence, 15 Hudson Yards and many Beverly Hills mansions. Thanks to these facts, Crown Goose has established itself as a high-end luxury goose down comforter among the wealthy.
Business
PENINSULA Unveils World’s First Official 8K Main Trailer!
(PRESSREELS) CONTENTS PANDA(Next Entertainment World), which presents PENINSULA released the world’s first official main trailer of 8K image quality at noon (Korean time) on June 16, 2020.
Four years after ‘TRAIN TO BUSAN’, Connect with the survivors of the ‘PENINSULA’!
(PRESSREELS) CONTENTS PANDA(Next Entertainment World), which presents PENINSULA released the world’s first official main trailer of 8K image quality at noon (Korean time) on June 16, 2020. The trailer of PENINSULA, a 2020 Cannes Film Festival’s official invitation film, depicts the struggles of those who have survived in different ways for four years after TRAIN TO BUSAN.
PENINSULA is an action blockbuster depicting the last battle for survival between the people left behind in the ruins of the Korean peninsula four years after Train to Busan. The upcoming PENINSULA trailer ahead of its worldwide premiere release in the summer of 2020 is full of such big scale action sequences and explosive thrills together with fast-sounding gunfights and car-chasing scenes.
In particular, the official trailer of PENINSULA, which has 8K image quality for the first time in the world, meets the technical specifications of all digital devices and delivers a high level of visual completeness to moviegoers around the world. The 8K trailer, which is 16 times clearer than the FULL HD image quality and 4 times clearer than the 4K image quality, can be enjoyed in 8K, 4K and HD according to the device’s specifications if the 8K main trailer via the NEW’s official channel on YouTube is selected as the highest specification (4320p 8K). Especially, viewers can watch them with a perfect picture quality without an extra setup from the YouTube app on Smart TVs that support either 4K or 8K.
This super high-definition trailer was created through the collaboration of NEW’s digital business corporation NEW ID and SK TELECOM. Among the media-focused core technologies of AI-based Post Production, a joint enterprise between the two companies, the technology called Supernova is a media upscaling solution (up to 8K) to improved quality of image and sound source based on the AI’s deep learning algorithms while maintaining the quality level of the original.
Movie Information
– Title: PENINSULA
– Director: YEON Sangho (Psychokinesis | Seoul Station | Train to Busan)
– Genre: Disaster, Zombie
– Cast: GANG Dongwon (Illang: The Wolf Brigade | A Violent Prosecutor)
LEE Junghyun (Love, Again | The Battleship Island)
– World Sales: CONTENTS PANDA (NEW)
– Production: REDPETER FILMS (Birthday | Psychokinesis | Train to Busan)
– Expected Release Date: Summer 2020
– Logline: 4 years after the inexplicable disaster, they’re returning to the godforsaken land!
– Synopsis
: Jung-seok barely managed to escape from the unprecedented disaster in Korea 4 years ago and lives in exile in Hong Kong by himself. He is given a lucrative chance to return to Korea to retrieve large bags of cash left abandoned in the streets of Seoul. His mission is infiltrated ruined city of Seoul and secure the target truck before the sunrise, then return to Hong Kong unscathed. But he and his team are ambushed by a militia known as Unit 631 and vicious zombie hordes. During his desperate struggle to survive, Jung-seok experiences a moment of deus ex machina as survivor Min-jung and her family save him from brink of death. Together, they formulate one last plan to escape the peninsula for good. The prodigal son, the survivor and the deranged, their bloody battle begins!