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After the golden age: Why department stores are no longer glamorous

Inside Retail

When Laura Peden was growing up in the 1970s, department stores were a special place. Decades later, she still vividly remembers how she and her grandmother would travel into Myer’s city store at Christmas to see the “insanely fascinating” windows. The department store was no longer the star attraction.

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Move Past Hype to Focus on Value with AI Implementations in the POS Space

Retail TouchPoints

Considering that endcap displays generate 70% of grocery and department store spend, the ROI of a solution that provides intelligent insights can be fast and decisive. AI can generate data that retailers can use to negotiate the terms when third parties want to display products or advertise in the store.

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Ad Exec: What Really Went Wrong at Bed Bath & Beyond

Retail TouchPoints

That’s the observation of Ellis Verdi, Founder and President of advertising agency DeVito/Verdi. Verdi: In its early days, advertising was anathema to BB&B. Verdi: In its anti-advertising environment, the brands were never promoted, and there was no strong customer concept unless you actually walked into the store.

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Report: Westfield Parent Aims to Sell its U.S. Mall Properties by Late 2023

Retail TouchPoints

Retailers closed a record 12,200 stores in 2020, with an outsize share coming from malls and one-third of the total from department stores specifically, according to data from CoStar Group. However, URW is still betting its future on an asset-cutting strategy that sees its U.S. malls as prime targets.

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Why Uncommon Corporate Partnerships are a Must in 2024 (and How to Make Them a Reality)

Retail TouchPoints

The trend of a cautious yet resilient consumer has continued into the early stages of 2024, with high-ticket luxury and department store industries underperforming sectors that sell necessities — online retail, discount/club, automotive and grocery. Full-service restaurants are trailing their limited-service peers.

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Luxury Lessons: What High-End Brands Can Teach Store Designers

Retail TouchPoints

” Constantly Test and Iterate Design Concepts Retailers like Macy’s have made headlines for their moves to right-size their store fleet and invest in new, much smaller , store formats and experiences. “It It also is a way to bring in new customers that may feel intimidated to go into a big store. That’s free advertising.”

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Post-COVID Shopping Center Strategies: ‘Digital Districts’ and Landlord-Tenant Collaboration

Retail TouchPoints

Retailers closed a record 12,200 stores in 2020, with an outsize share coming from malls and one-third of the total from department stores specifically, according to data from CoStar Group. Empty Mall Space Makes the Perfect Home for New Experiences. Tell us what you liked and share with your crowd.’

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