Inside Retail

DECEMBER 5, 2023

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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Retail Focus

JUNE 22, 2021

Unfortunately for many department stores, the pandemic has been a final blow in the battle with online retail, spiralling real estate costs and difficulty serving up physical retail that is consistently experiential, engaging and adaptable. So, what is to become of these extinct department stores?

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Inside Retail

AUGUST 22, 2021

On Friday, The Wall Street Journal reported that online retail giant Amazon is looking to open large bricks-and-mortar stores in the US to sell clothing, homewares, electronics and other products, much like a department store. And it would come at a time when some long-running department stores are closing up shop.

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Inside Retail

AUGUST 2, 2021

Why would the owners of Selfridges, generally considered to be the world’s best department store, decide to sell the business? To a far greater extent than most other department stores, Selfridges has embraced an experiential retail strategy that many industry leaders see as key to the sector’s survival. billion (AU$3.72

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Inside Retail

JULY 28, 2021

Those brands that have avoided bankruptcy have often been forced to undertake aggressive cost reduction and store closures. Department stores have been particularly impacted, with consumers forced online during the pandemic now choosing to buy direct from brands or from more price-competitive online marketplaces.

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Retail TouchPoints

FEBRUARY 2, 2023

Siman Group , which operates 15 large department stores across Central America, has deployed an item-level RFID solution that has raised its inventory accuracy levels from the 65% to 70% range up to 95%. The solution also supports omnichannel offerings such as BOPIS by transforming how Siman tracks inventory across the chain.

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Inside Retail

NOVEMBER 22, 2022

Isetan-Mitsukoshi is a storied department store chain with 15 units in Japan, including five in the Tokyo metropolitan area. One of them, the Isetan flagship in Shinjuku, boasts the highest sales of any department store in Japan. Sales at Isetan-Mitsukoshi’s Tokyo metro stores are up 33.3 per cent in 2020.

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Inside Retail

FEBRUARY 2, 2023

The biggest swing occurred in department store spending, which saw a 14.3 Especially in department stores, where the consumer appetite to spend appears to have fallen so dramatically between November and December? After almost a year of consecutive increases, the retail industry saw a 3.9 per cent in August, 2022.

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Inside Retail

MAY 10, 2023

For once, department stores are leading a retail sales recovery instead of lagging it. In Japan, the Ministry of Economy, Trade and Industry (METI) reports that retail sales in the first quarter amounted to 39,781 billion yen (about $434 billion at current exchange rates), up 6.5 Supermarkets (5,921 stores) gained 1.8

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Inside Retail

AUGUST 28, 2022

Living in a building of historic importance gives one of the world’s pre-eminent luxury department store companies that extra little bit of cache — the trick now is to find ways of being a retailer of future importance, a stiff hurdle upon which so many department store companies are stumbling. Footfall was up 6.4%

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Inside Retail

APRIL 6, 2022

‘Iconic’ is quite possibly the most overused and devalued word in business marketing, the go-to term for marketers in their media releases to spruik anything they happen to be pushing at the moment. We have ‘iconic’ shopping centres, ‘iconic’ retail stores, ‘iconic’ restaurants, ‘iconic’ hotels, ‘iconic’ rock groups. per cent and 4.3

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Inside Retail

SEPTEMBER 26, 2022

Department stores globally are adjusting their product offer to reflect rapid changes in the menswear category as the impact of the Covid-19 pandemic on the category wears off. But last year menswear rebounded to its pre-pandemic levels, reaching on average 14 per cent of total department-store sales.

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Inside Retail

SEPTEMBER 1, 2022

Shinsegae — one of the Big 3 of Korean department store retailing along with Lotte and Hyundai — has continued its great form right through into the second half of the year, helped by the removal of the country’s remaining pandemic restrictions and an increasingly buoyant mood among the country’s more affluent consumers.

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Retail Gazette

FEBRUARY 2, 2024

New John Lewis executive director Peter Ruis has promised customers he will make the department store special again. ” “Returning to the UK’s favourite department store is an extraordinary privilege. ” “Returning to the UK’s favourite department store is an extraordinary privilege.

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Inside Retail

MAY 22, 2022

First quarter results for calendar year 2022 are in for the three biggest Korean department store retailers, and the numbers are encouraging. Shinsegae, Lotte, and Hyundai account for the top nine department stores in the country (coming in at number 10 is Galleria’s high-end flagship in Seoul). trillion KRW ($2.1

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Retail Focus

SEPTEMBER 15, 2021

The huge increase in online shopping over the past decade or so has had a major impact on department stores, with many consumers turning to Amazon, eBay and other online shops for shopping, rather than a more traditional trip out to a physical store. Pictured, botanical artist Carly Rogers at Selfridges, London, UK.

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Retail Focus

APRIL 21, 2022

A strong addition to South Korea’s new generation of luxury, retail destinations opened its doors at the end of 2021 to high acclaim. The post Multi-dimensional, story-telling design for South Korea’s largest, luxury department store appeared first on Retail Focus - Retail Design.

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Retail Gazette

JANUARY 11, 2024

John Lewis Partnership has hired one of its former directors, ex-Jigsaw boss Peter Ruis, to run its department store business. Naomi Simcock, who stepped up as interim executive director for John Lewis last year, moves into the role of operations director for the department store business, leading retail and supply chain.

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Inside Retail

DECEMBER 15, 2022

Sydney Airport and Heinemann will jointly introduce Australia’s first domestic terminal “department store” concept next July at T2 and T3. Last month, Heinemann Australia opened its new stores in Gold Coast Airport ’s expanded terminal, after announcing the expansion earlier this year in March.

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Inside Retail

FEBRUARY 12, 2023

An old TopShop store in north London’s Brent Cross shopping centre has been revived after two years of sitting empty since the fast fashion brand closed down. It’s now a vibrant pop-up department store selling pre-loved clothing organised collaboratively by 10 charities. We believe in the circular economy and the good pound.

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Retail Dive

SEPTEMBER 12, 2023

Olivier Bron, with stints at Central and Robinson Department Stores in Thailand and Galeries Lafayette in Paris, replaces longtime chief Tony Spring.

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Retail Wire

APRIL 16, 2021

Nearly 200 department stores have been shuttered over the past year and another 800 are forecast for the same fate by the end of 2025, according to Green Street Advisors.

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Retail TouchPoints

SEPTEMBER 29, 2021

For more than 150 years, Parisian department store La Samaritaine has overlooked the banks of the Seine, a sweeping expanse of glass and intricately painted iron that proudly proclaimed the store’s position at the center of French commerce, both geographically and ideologically.

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Inside Retail

APRIL 27, 2021

Mosaic Brands is seeing positive results from the implementation of a digital department store strategy across several of its core apparel brands, including Noni B, Rivers, Millers and Katies. Mosaic’s department store move isn’t exactly unique in the fashion industry. Leveraging loyalty. million names in June 2020.

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Inside Retail

OCTOBER 12, 2021

Australian department store David Jones has become the latest retailer to sell pre-owned clothing following the announcement of its partnership with Sydney-based luxury reseller Blue Spinach last week. It also offers second-hand items in its London flagship store through a partnership with online resale platform Vestiaire Collective.

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Inside Retail

MAY 11, 2021

Selfridges has just raised the bar when it comes to giving customers an experience they’ll never forget with the launch of micro-weddings at its London store this summer. A part of that narrative has been to move to experiential retail and maximise its unique offerings and services in-store. It’s creating a talking point’.

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Retail Gazette

APRIL 11, 2024

A multi-charity shop department store has returned to London’s Brent Cross to celebrate its one year anniversary with two new concept stores. The Charity Super.Mkt brings together five charities, including Shelter, Traid, Shaw Trust and Havens Hospices, to exhibit for a limited time at the Brent Cross shopping centre.

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Inside Retail

AUGUST 11, 2021

The fight for board control of department store Myer will be decided in the next few months, with the firm’s AGM likely to run in late October, but Solomon Lew’s major stake in the business could well be diluted by the time to vote. Department store sales up this year. million, up 5.5 per cent to $539 million.

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VMS

FEBRUARY 6, 2023

will soon be home to a department store selling modest clothing for populations that require cover-up styles, Women’s Wear Daily reports. Called ADdress, the store will open in phases, starting on Valentine’s Day. The American Dream mega-shopping complex in East Rutherford, N.J.,

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Retail Gazette

SEPTEMBER 25, 2023

Frasers Group unveiled its latest Frasers flagship in Norwich last weekend as it continues the rollout of its upmarket “next generation” department store format. Its rollout comes as the department store sector has undergone much change in recent years. ” Is Frasers the future department store?

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VMS

JANUARY 2, 2023

More than 20 years after the Ames department store chain closed all of its stores, the retailer is mounting a comeback. At its peak, the retailer operated 700 stores in 20 states. According to NBC 10 News , the first locations will open in Connecticut, New York and Pennsylvania.

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Retail Wire

OCTOBER 18, 2021

Saks Fifth Avenue is adding co-working spaces to its department stores. The SaksWorks concept opened for the first time last month with space at the retailer’s flagship store in Midtown Manhattan and another on the site of a former Saks in the Financial District.

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Retail Focus

SEPTEMBER 25, 2023

Charity Super.Mkt, the ‘department store for second-hand style’ launched earlier this year by Maria Chenoweth and Wayne Hemingway, will open at Bluewater this week. Charity Super.Mkt will open at Bluewater on 28 th September, it will be located on the Lower Rose Gallery.

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Retail Gazette

DECEMBER 28, 2023

Frasers Group unveiled its latest Frasers flagship in Norwich in September as it continues the rollout of its upmarket “next generation” department store format. Its rollout comes as the department store sector has undergone much change in recent years. ” Is Frasers the future department store?

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365 Retail

JUNE 22, 2021

Unfortunately for many department stores, the pandemic has been a final blow in the battle with online retail, spiralling real estate costs and difficulty serving up physical retail that is consistently experiential, engaging and adaptable. So, what is to become of these extinct department stores?

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Department Stores Outdoor Accounting Planning 67

Inside Retail

NOVEMBER 27, 2023

Department store sales increased 0.4 The post Retailers hope sales recover at Christmas after slow October growth appeared first on Inside Retail Australia. Australian Bureau of Statistics (ABS) data showed that retail turnover amounted to $35.77 billion during the month, up 1.2 per cent from the year-ago period.

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Retail TouchPoints

MAY 31, 2023

At Home has named Jeff Evans as President and Chief Merchandising Officer, effective June 19. Evans has held senior leadership positions at Walmart for 15 years, most recently as EVP of Entertainment, Toys and Seasonal at Walmart U.S.

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