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The Department Store dilemma

Retail Focus

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.

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Amazon to test department stores in offline expansion

Inside Retail

Amazon.com is to open several department stores in its home US market to test the concept as it continues to build out its multichannel business model. Department stores’ share of the overall US market has fallen from 14.5

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How Malaysian department store Pavilion is connecting with customers

Inside Retail

Businesses that offer customers both physical and online store options tend to see higher customer engagement and sales. per cent (RM95 billion in total retail sales), and all retail sub-sectors such as fashion, department stores and grocery are expected to rebound.

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How can department stores pivot ahead of a spending decline?

Inside Retail

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?

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Japanese department store Takashimaya looks to the future

Inside Retail

Takashimaya’s Nihombashi flagship store, originally built in the 1930’s by Nippon Life Insurance, was given the status of Important Cultural Property in 2009. On August 15, the company reported sales for July at its 14 domestic department stores, which were up 11.1%

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The China Syndrome: Japan department stores missing tourist shoppers

Inside Retail

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.

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Myer board spill avoided as the department store gets two new directors

Inside Retail

Department store Myer failed to avoid a second strike after its Remuneration Report received only ~65 per cent of shareholder votes, triggering a board spill that was ultimately avoided. Business Department stores Featured Post HR Latest Management Sectors Myer

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Selfridges: Why the best department store in the world is up for sale

Inside Retail

Why would the owners of Selfridges, generally considered to be the world’s best department store, decide to sell the business? Umbers sees room to improve the way Selfridges’ digital and physical stores work together.

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Analysis: How Australian department stores can thrive in a post-Covid world

Inside Retail

Those brands that have avoided bankruptcy have often been forced to undertake aggressive cost reduction and store closures. Create differentiated in-store experiences. Australian department stores should feel optimistic about the future.

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Inside Shinsegae: The Korean department store with a golden boot

Inside Retail

Online sales grew slightly faster than sales in physical stores, partly, says the Ministry, because online grocery sales have become more mainstream. Of the store-based retailers, department stores enjoyed the fastest growth: 18.4

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Even Japan’s Takashimaya can’t escape department stores’ woes

Inside Retail

We have ‘iconic’ shopping centres, ‘iconic’ retail stores, ‘iconic’ restaurants, ‘iconic’ hotels, ‘iconic’ rock groups. But Takashimaya, a retailer of 1831 vintage and still the largest department store chain in Japan, is surely genuinely deserving of the word.

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How Korea’s big 3 department stores are killing it right now

Inside Retail

First quarter results for calendar year 2022 are in for the three biggest Korean department store retailers, and the numbers are encouraging. Collectively, the domestic department stores of the three companies brought in net sales of 1.9

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Multi-dimensional, story-telling design for South Korea’s largest, luxury department store

Retail Focus

Lotte enlisted London luxury retail designers Shed , known for a distinctly contemporary and progressive international design style, to reimagine a ‘different kind’ of department store, Lotte’s first major project in 7 years. News Projects Property Lotte Department Store Shed Design

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Department Stores – what does the future hold?

Retail Focus

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.

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A-COLD-WALL* Lotte Department Store, Jamsil, Seoul set to launch

Retail Focus

A-COLD-WALL* has announced the launch of a second Seoul concept store-in-store this month. Located on the fourth floor of the storied Lotte Department Store, part of the MAN’s fashion division, this new site brings to life Samuel Ross’ singular vision across fifty-three square metres.

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As Malls Reinvent Themselves, Department Stores Will Need to Rethink and Redesign

Retail TouchPoints

As the American mall undergoes a period of radical reinvention, department stores are being brought along for the ride. As department stores and retailers change, the central question is how do you bring people back ?” Department Stores’ Return to Their Roots.

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Less Is More for This Department Store

VMS

I N A CITY THAT’S a kaleidoscope of colorful storefronts, neon lights and billboards, Hyundai’s new department store is a departure. It’s not like a regular department store,” says Diego Burdi, Co-Founder and Creative Director at Burdifilek. “It’s

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Post Covid, department stores are refocusing their menswear offer

Inside Retail

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. While the lines are blurring between sports and fashion, this also questions the store layout.”.

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Ames Department Stores May Return in 2023: Reports

VMS

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. Headlines Ames department stores Latest News Top

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Macy’s Closing Four More Department Stores

VMS

Macy’s (New York) is set to shutter four more department stores in in the first quarter of 2023 as part of its ongoing Polaris transformation strategy, according to Retail Dive and several other news sources. Headlines Latest News Top Macy's store closings

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Step inside the UK’s first department store for secondhand clothes

Inside Retail

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.

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The Department Store dilemma

365 Retail

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.

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David Jones is the latest department store to embrace resale. Here’s why

Inside Retail

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. The post David Jones is the latest department store to embrace resale.

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Central American Department Store Chain Boosts Inventory Accuracy with RFID

Retail TouchPoints

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%.

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Would you get married in a department store? Selfridges says ‘I do’

Inside Retail

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.

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WSJ Report: Department Store Will be Amazon’s Next Brick-and-Mortar Venture

Retail TouchPoints

Amazon is continuing its advance into brick-and-mortar with plans for a series of large-footprint department store-style locations, according to the Wall Street Journal , which cited people familiar with the matter.

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Australia’s first domestic terminal department store to open next year

Inside Retail

Sydney Airport and Heinemann will jointly introduce Australia’s first domestic terminal “department store” concept next July at T2 and T3. The post Australia’s first domestic terminal department store to open next year appeared first on Inside Retail.

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Report: Selfridges Seeks $5.5B Sale as UK Department Stores Continue to Struggle

Retail TouchPoints

Selfridges ’ owners have launched a formal auction to sell the department store chain, which has been valued as high as £4 billion ( $5.5 A successful deal could see two of the UK’s most historic department stores coming together under a single owner.

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Department store foot traffic is down, but recovering: report

Retail Dive

Mid-tier department stores have seen a greater drop in visits than their luxury counterparts, according to Placer.ai analysis

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Can this year's department store recovery last?

Retail Dive

The sector is having a good holiday season after bouncing back this year as consumers refreshed their closets. But its problems haven't gone away

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Ames Department Stores will be back in 2023

Retail Wire

The Ames Department Stores discount chain, founded in Massachusetts in 1958, ran over 700 stores in 20 states at its peak but after a couple of bankruptcy filings went out of business in 2002.

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OMA adds wood-clad escalators to KaDeWe department store in Berlin

Dezeen

Architecture studio OMA has revealed images of the first completed part of its renovation of Berlin department store KaDeWe, a retail and event space connected by wood-clad escalators. The quadrant encompasses the beauty department. The department store is located in Berlin.

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Department Stores – what does the future hold?

365 Retail

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.

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Department Store Offering ‘Cover-Up’ Styles Coming Soon

VMS

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. Headlines ADdress Latest News Top store openings

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Does the Historic Makeover of an Iconic Paris Retailer Chart a Path for Department Stores’ Revival?

Retail TouchPoints

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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Is Bloomie's the future of department stores?

Retail Dive

The concept store may prove the company's agility and ability to bring in new audiences

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The demise of the department store? Not so fast

Retail Dive

Department stores still have a strong value proposition, if only they can reimagine their experience, write Alvarez and Marsal's Mohit Mohal and Jonathan Sharp

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Department Store’s Design Shows Less Can Be More

VMS

I N A CITY THAT’S a kaleidoscope of colorful storefronts, neon lights and billboards, Hyundai’s new department store is a departure. It’s not like a regular department store,” says Diego Burdi, Co-Founder and Creative Director at Burdifilek. “It’s

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Bloomingdale’s debuts virtual department store for the holidays

Retail Dive

A multi-branded space features shopping experiences from Ralph Lauren, Nespresso and Chanel

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Macy’s chief stores officer on how the department store is rethinking its labor force

Retail Dive

The retailer is responding to the changing role of stores by putting more tech tools in its associates’ hands

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Inside Mosaic’s pivot from specialty fashion to digital department store

Inside Retail

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.

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Myer to quit Brisbane flagship, unable to agree on rental rate

Inside Retail

Department store Myer will exit its Queen Street Mall flagship in Brisbane’s CBD after unsuccessful negotiations with the landlord on lease renewal terms. We thank our team members for their service and will be providing redeployment opportunities at nearby stores.”

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Why are department stores a target for e-commerce spinoffs?

Retail Dive

Those who've declared the Saks online-offline split a success now want the same for Macy's and Kohl's. Here's why they're vulnerable