Top 5 Department Stores 2023
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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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.
Inside Retail
AUGUST 19, 2021
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 It is also testing automated, cashier-less convenience stores in several markets.
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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?
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.
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.
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.
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.
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
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.
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.
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?
Inside Retail
JULY 10, 2023
Japan’s department stores bear a striking resemblance to cruise ships: they’re big, luxurious, move glacially and serve an ageing customer. Japan’s Ministry of Economy, Trade and Industry (METI) reports that department stores led the retail sales recovery through the first five months of the year. per cent gain.
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
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%
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.
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
Retail TouchPoints
SEPTEMBER 12, 2023
Olivier Bron Bron brings more than 20 years’ of retail experience, most recently as CEO of Central Group’s Central and Robinson Department Stores in Thailand. Prior to that he served as COO and Director of Strategy for Galeries Lafayette in Paris, and earlier in his career he focused on retail transformation at Bain & Co.
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.
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.
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
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.
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.
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.
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.
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.
Inside Retail
JUNE 30, 2021
per cent (RM95 billion in total retail sales), and all retail sub-sectors such as fashion, department stores and grocery are expected to rebound. The post How Malaysian department store Pavilion is connecting with customers appeared first on Inside Retail. You can download it here.
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.
VMS
JANUARY 9, 2023
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. The affected stores are in these malls: * Baldwin Hills Crenshaw Plaza; Los Angeles. Foothills Mall, Fort Collins, Colo.
Retail TouchPoints
MARCH 9, 2022
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 used to have restaurants, now they’re putting restaurants back in.
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.
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.
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.,
Inside Retail
MAY 11, 2021
As the UK starts to reopen after a prolonged lockdown, the launch of a wedding venue at Selfridges’ Oxford Street location could end up driving much-needed store visits, if only due to sheer novelty, according to Jana Bowden, an associate professor at Macquarie University Business School. “As
Dezeen
OCTOBER 27, 2021
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 department store's food laboratories will also be unveiled as a part of the new outdoor space. Lighting: Sekles Planungsbuero.
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. That’s according to an announcement on a website purporting to represent the long-defunct discount retailer, which says Ames is “returning in spring 2023.”
Retail Times
SEPTEMBER 1, 2023
Lone Design Club – the trailblazing platform that celebrates independent designers – is thrilled to announce an exciting first with a new partnership with Britain’s largest family-owned UK department store, Fenwick.
Retail Dive
OCTOBER 26, 2022
Mid-tier department stores have seen a greater drop in visits than their luxury counterparts, according to Placer.ai analysis.
Retail Dive
AUGUST 11, 2021
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.
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.
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.
Retail TouchPoints
JULY 27, 2021
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. billion U.S. ), according to Yahoo! in January 2021.
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%.
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?
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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