Retail Wire

DECEMBER 27, 2022

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. Recently, however, a notice appeared on amesstores.com announcing that new Ames stores will open in 2023.

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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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Department Stores Outdoor Accounting Planning 211

Inside Retail

JANUARY 9, 2024

Japan’s storied department stores are riding a wave of overseas tourists, and although there is no sign yet of a wipeout, the cautious pronouncements of company executives indicate that it’s a wave they can’t ride on indefinitely. On the surface of it, department stores still have their mojo: sales in October rose by 5.3

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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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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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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%.

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Retail TouchPoints

AUGUST 19, 2021

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. The new stores would reportedly help Amazon extend its reach in categories such as clothing , electronics and homewares.

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Department Stores Returns Apparel Accounting 290

Retail Wire

SEPTEMBER 16, 2022

Liverpool, the high-end department store chain, has acquired a 9.9 percent stake in Nordstrom. The Mexican company reported double-digit sales growth in the second quarter, which it attributed to its inventory management expertise, solid merchandising and higher prices. ”

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Inside Retail

JUNE 27, 2023

One of New Zealand’s oldest retailers, Southland department store chain H&J Smith, is to close its doors after 123 years. In a statement published on its website, H&J Smith confirmed the decision “to call time” on its department-store business, a decision that will result in the loss of 220 jobs.

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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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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

NOVEMBER 3, 2021

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. The post Myer board spill avoided as the department store gets two new directors appeared first on Inside Retail.

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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 billion yen, or about $2.5

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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? When it comes to the big department stores, there needs to be a differentiation.

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Inside Retail

MAY 10, 2023

For once, department stores are leading a retail sales recovery instead of lagging it. Supermarkets (5,921 stores) gained 1.8 per cent but the big winners were department stores (190 of them) performing well above the average, with a 13.5 METI counted 190 department stores for its first quarter survey.

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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

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. The amount of department store floorspace declined by 6.1

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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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RIS News

SEPTEMBER 27, 2023

RIS breaks out the Top 5 Department Stores from the full Top 100 list — a world that has had to continually evolve to adapt to the changing retail landscape.

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Department Stores 101

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. Changing culture of shopping.

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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

MARCH 14, 2022

Following the opening of a bold and distinctly industrial space inside the world-renowned Hyundai COEX, the brand unveils yet another site in the Korean capital, this time located in the famed Lotte Department Store, Jamsil.

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Retail Focus

APRIL 21, 2022

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.

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Department Stores Outdoor Fashion Shopping 162

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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Retail Wire

AUGUST 28, 2023

department stores, including Macy’s and Nordstrom, are witnessing an increase in credit card delinquencies, which poses a risk to their revenues as consumers scale back discretionary spending before the critical holiday shopping season. Several major U.S.

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Retail Wire

APRIL 10, 2023

The 15,000 jobs added by department stores in March were not enough to offset significant losses in other retail verticals, including appliances, consumer electronics, furniture and home furnishings, according to the Bureau of Labor Statistics. The retail industry lost 15,000 jobs in March.

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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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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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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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Department Stores ATS 110

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 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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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 Wire

APRIL 22, 2021

Americans continue to turn to department stores like Macy’s and Nordstrom when they need to buy non-athletic shoes.

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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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Retail Wire

MARCH 13, 2023

The Toronto Star’s editorial board said that Nordstrom’s decision to close its store in downtown Toronto is the end of an era where department stores were “multi-storied palaces of consumption offering just about any merchandise a shopper might desire.”

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