This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Once seen as a staple of urban retail, departmentstores in China are undergoing a transformative reinvention. Market struggles Chinas department-store sector has long been a foundational part of the countrys commercial infrastructure, but in recent years, it has been under mounting pressure.
Liu is reportedly planning to launch a new departmentstore concept aimed at a broad, multicultural Canadian audience, according to reporting in Retail Insider and other media outlets.
Still, scripted television is a new realm for the departmentstore, and certainly not the kind of project that most retailers would take on. For several years now Macys has been working to prove its own resilience as the departmentstore sector undergoes massive upheaval.
The departmentstore chain booked sales of $1.59 per cent, impacted by the temporary closure of the Werribee store from February 14 to November 29. Its online store sales rose 2.8 Myer’s sales declined in the 22 weeks ended December 28 amid challenging trading conditions. billion, down 0.8
Departmentstore chain David Jones has launched its online app, a cornerstone of the retailer’s three-year, $65 million technology transformation project.
The departmentstore chain noted incurring higher employee costs, higher support office costs related to a new marketing agency and a separate investment in transformation capabilities. billion, attributed to mixed trading conditions, store closures, and Myer Exclusive Brands stock trapped at its national distribution centre.
His previous retail experience includes leadership positions at JCPenney, Payless ShoeSource, Home Shopping Network, May DepartmentStores and McKinsey & Co. Most recently, Hicks served as CEO of Academy Sports + Outdoors as well as CEO of Foot Locker. He is a U.S. Military Academy graduate who served in the U.S.
Saks Fifth Avenue’s parent company, HBC , announced its plans to acquire competing luxury departmentstore Neiman Marcus in July 2024 for $2.65 Although the luxury departmentstore is cutting back on the light show, it will continue its holiday windows tradition and add the usual seasonal design touches indoors.
Myer’s proposal to acquire Premier Retail’s apparel brands Just Jeans, Jay Jays, Portmans, Dotti, and Jacqui E has received approval from the departmentstore chain’s independent expert.
The integration will allow customers to see the availability of products at their local Bloomingdales stores while browsing their preferred brand’s website. Example of the Lucky integration. ” As parent company Macys Inc. fends off new activist investors , Bloomingdales remains a stronghold for the group.
Regal Brands Global , the new owner of iconic departmentstore brand Lord & Taylor , plans to relaunch it as a discount luxury ecommerce platform in 2025. The site will offer designer goods and Lord & Taylor-branded products, according to reporting in Business of Fashion and other media outlets.
billion, and departmentstores climbed 0.4 Household goods rose 3.3 per cent to $5.92 billion while food increased 3 per cent to $14.53 Cafes, restaurants, and takeaways grew 2.3 per cent to $5.48 billion, while clothing, footwear and accessories increased 1.7 per cent to $3.02 per cent to $1.91
This includes significant investment into Steen & Strøm (S&S) shopping centre, the world’s oldest continuously running departmentstore and anchor of the Promenaden portfolio, to diversify the store’s product and service offerings, as well as enhance its provision of experience-led shopping experiences.
The departmentstore retailer announced the C-suite change along with its financial results for Q3, which ended Nov. drop compared to the same period the previous year, with comparable store sales falling by an even larger percentage, 9.3%. Kohl’s has named Ashley Buchanan, CEO of Michaels , as its new CEO, effective Jan.
However, departmentstore sales fell 1.2 Cafes, restaurants, and takeaway sales rose 3.6 per cent to $5.57 billion and food sales inched 2.8 per cent higher to $14.62 Clothing, footwear, and accessoriesclimbed 1.8 per cent to $3.07 billion while household goods improved 1.2 per cent to $5.99 per cent to $1.94
store last month , with another five in development and plans to eventually operate 50 locations in the region. Additionally, Kurt Geiger operates footwear concessions inside luxury and premium departmentstores in the UK, including Harrods and Selfridges , where it sells both its own and third-party brands.
According to the ABS , departmentstore spending increased by 3.7 Cosmetics, sports and recreational goods saw the largest increase, up 4.78 per cent, followed by cafes, restaurants and takeaways, which rose 3.83 per cent year-on-year. per cent, while spending on clothing, footwear, and accessories rose by 3.5 per cent and 2.58
Ginger & Smart was founded by Alexandra and Genevieve Smart in 2002 and earned a listing with departmentstore chain David Jones. A spokesperson for Alquemie confirmed to the AFR that the sale news was correct and that the retail group wanted to focus on its growing Lego and General Pants businesses moving forward.
Steven Lew is the son of billionaire Solomon Lew, chair of Melbourne-based Premier Investments, which owns the Smiggle and Peter Alexander chains.Premier Investments is the largest shareholder in Myer departmentstores and appliance brand Breville.
Retail spending in April appears weaker than it truly is, likely due to calendar anomalies (Easter, school holidays, Anzac Day) and unseasonably warm weather, which particularly impacted sales in clothing, footwear and departmentstores, said CreditorWatchs chief economist, Ivan Colhoun.
Employees at a Barnes & Noble store in Bloomington, Ill. have ratified a new three -year contract under the aegis of the Retail, Wholesale and DepartmentStore Union (RWDSU), joining unionized workers at three New York City bookstores, including the companys flagship Union Square location.
based companies, will take the storied luxury departmentstore private in an all-cash deal valued at approximately $6.25 Members of the Nordstrom family along with Liverpool , a Mexican retailer that has recently been expanding relationships with U.S.-based ownership of the company and 49.9% to Liverpool.
Meanwhile, departmentstores declined 0.2 Food retail sales rose 3.1 per cent to $14.5 billion, while cafes, restaurants, and takeaway climbed 1.4 per cent to $5.46 Clothing, footwear, and accessories increased 0.8 per cent to $3.04 billion, and household goods improved 0.03 per cent to $5.82 per cent to $1.91 per cent.
The store features giant head kinetic objects highlighting the brand’s compelling visual narratives. The flagship follows the openings of the label’s travel retail boutique at Sydney International Airport in November 2022 and a shop-in-shop at David Jones departmentstore in Sydney last October.
Indian retail conglomerate Reliance Industries Limited has signed a franchise agreement with American luxury departmentstore Saks Fifth Avenue to expand its luxury retail portfolio through its subsidiary Reliance Retail, the company said in its third-quarter financial report last week.
David Jones has teamed up with Qantas as the premium departmentstore prepares to launch its loyalty program David Jones Rewards later this year. As part of the partnership, customers will be able to earn and redeem either David Jones Rewards Points or Qantas Points when they shop at the retailers 40 stores and online.
While David Jones’ chief executive Scott Fyfe has positioned the departmentstore’s new loyalty program in partnership with Qantas as a key element in the group’s recovery strategy, retail experts aren’t convinced it’s that simple. “A
Departmentstores, which have traditionally been one of the favourite retail go-to places for high-end chocolates, have had to think a little bit out of the box (or out of the square if you prefer). Chocolate isnt everything A worldwide scarcity of cocoa isnt the only thing thats bothering Japans departmentstores though.
Japanese departmentstore Matsuya has introduced a digital platform with a click-and-collect service including tax refunds in a bid to tap into the growth of international tourists. Established in 1874 as a kimono retailer, Matsuya Co operates departmentstores in Tokyo’s Ginza and Asakusa districts.
Shoppers would park on one side, entering the mall and passing smaller shops on their way to the large departmentstores. His portfolio of work represents all corners of the globe and a spectrum of retail-driven product types, including retail stores, departmentstores, shopping centers, master planning, and mixed-use developments.
A year after the French luxury departmentstore originally announced it would be launching its first US location, Printemps is officially opening a brick-and-mortar store in the heart of New York Citys financial district on March 21. Departmentstores havent had the best reputation the last few years.
Discount departmentstore division Big W saw sales slip 1.5 Woolworths recorded a 3.6 per cent rise in total revenue of $13.952 billion in the third quarter of this year, up from $12.597 billion during the same period last year. Total Australian food division sales increased 3.6 per cent to $13.051 billion.
View this post on Instagram A post shared by Team Coco (@teamcoco) How Macy’s Store Closures Factor Into the Job-Cut Wave Although craft chain Joann and several pharmacy giants have grabbed headlines, Macy’s looms large in the 2025 retail retrenchment story.
billion, and departmentstores jumped 2.9 Clothing, footwear, accessoriesrose 4.5 per cent to $3.07 billion while cafes, restaurants, takeawaygrew 3.8 per cent to $5.58 Food climbed 3.1 per cent to $14.69 per cent to $1.93 Household goodstotalled $5.91 billion, reflecting the lowest category growth rate of 2.5
days, on par with other departmentstores. Their approach sets the standard for returns and highlights their commitment to a seamless customer experience. The Iconic: Free returns form part of the success story The Iconic, meanwhile, has an average refund time of 7.1
The San Bernardino facility is one of 15 EFCs and distribution centers, and the closing stores represent approximately 2.3% Like other departmentstores, Kohls has had trouble adjusting to changes in consumer shopping patterns. of Kohls 1,150 locations. Net sales for the retailers Q3 2024, which ended Nov. 2, 2024, declined 8.8%
The departmentstore chain has yet to name the appointees for the newly created roles of GM of merchandise for beauty, accessories and services and GM of merchandise for women’s apparel. Meanwhile, former Cedar Brands CEO Warwick Blunt will assume the newly constructed role of GM for digital commerce at Myer in November.
Iconic denim lifestyle brand Levi’s has unveiled a unique storefront takeover – the largest of its kind in Europe – with premium London departmentstore celebrating the campaign launch of REIIMAGINE Chapter II, featuring global icon, Beyonc.
Macys has named Thomas Edwards as its new CFO and COO, effective June 22, 2025, as part of a realignment of the departmentstore retailers C-suite. He will replace the departing Adrian Mitchell, who will remain through June 21 to help ensure a seamless transition. billion.
Owned by South Africa’s Woolworths Holding, Country Road has over 650 stores across Australia, New Zealand and South Africa. Previously the MD of Debenham’s fashion and home offering, Cook was made co-CEO when the departmentstore went into administration once in 2019 and then again in 2020.
On April 17, Takashimaya, Japans upscale departmentstore company, released the results for its fiscal year ending February 28. The latter two stores ran a slight operating loss and underperformed company expectations. Along with those, it evaluated progress against its own medium-term goals and provided forecasts for investors.
Alibaba had sold its Intime chain of departmentstores in December 2024 at a shareholder loss of $1.3 Alibaba plans to sell its stake to private equity firm DCP Capital even though the asset disposal will lead to a $1.8 billion loss for its shareholders.
Departmentstores may face large amounts of packaging materials, unsold goods and returned items, while ecommerce retailers often deal with higher volumes of cardboard boxes, bubble wrap and plastic packaging.
We organize all of the trending information in your field so you don't have to. Join 40,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content