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 motion was voted down, however, with 62 per cent of shareholders supporting the current board and management team.

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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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Department Stores Fast Fashion Shipping Shopping 246

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 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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Department Stores Outdoor Payment Services Shopping 162

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. Heinemann will manage the stores on a five-year concession, expanding its footprint from its present duty-free concession at the T1 International Terminal, which runs through 2029.

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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

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

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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. Collaborators.

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Department Stores Outdoor Shopping Location 122

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

365 Retail

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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Department Stores Outdoor Payment Services Shopping 73

Inside Retail

APRIL 22, 2024

Department store Myer has reportedly fired more than 50 head office staff across its digital, IT, and e-commerce teams as it offshores their functions to India. Inside Retail has approached Myer for comment. Despite Barnard initiating the decision, the source said that the GM did not take part in the difficult conversations.

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A1 Retail

MAY 24, 2021

Oslo’s luxury, contemporary department store Steen & Strøm, which is managed by Promenaden Management, is officially relaunched today following a major NOK 300 million (£25.7 Steen & Strøm first opened in 1797 and is the oldest running luxury department store in the world. shoppers every year.

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Department Stores Fashion Boutique Management 64

Retail Dive

FEBRUARY 27, 2024

A challenging consumer environment kept a lid on the department store’s success in the period, but there were some bright spots.

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Management Department Stores Consumer 80

Inside Retail

AUGUST 7, 2023

David Jones is expected to axe as many as 100 jobs as its department store operations are being reviewed under the new owner. The company is in the process of improving store efficiency and eliminating tasks such as preparing sales reports for stores and office tasks, which can increasingly be done with the use of technology.

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Store Operations Department Stores Management Location 246

Inside Retail

NOVEMBER 9, 2023

At Myer’s annual general meeting this week, outgoing CEO John King predicted that trading activity on Black Friday would likely surpass Christmas, with the department store preparing stock ahead of time to mitigate any logistical delays related to potential industrial action. per cent increase in total sales to $3.36

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Department Stores Telecommunications Planning Returns 264

Inside Retail

APRIL 22, 2024

Department store Myer has laid off head office staff across its e-commerce and operations teams as it offshores functions to India. The source added that Myer did not give the employees – or even managers – any warning and that senior leaders just asked the laid off staff to come into a specified room one by one to receive the news.

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Department Stores Management 279

Retail Times

MAY 24, 2021

Oslo’s luxury, contemporary department store Steen & Strøm, which is managed by Promenaden Management, has officially relaunched following a major NOK 300 million (£25.7 million GBP) refurbishment and upgrade in the city.

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Department Stores Management Shopping 71

Retail TouchPoints

FEBRUARY 9, 2024

In late 2022, Neiman Marcus Group (NMG) entered a long-term agreement with Farfetch that saw the marketplace invest $200 million in the department store chain. The moves by Neiman and Kering follow the contentious sale of Farfetch to South Korean ecommerce company Coupang , which was completed on Jan.

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Department Stores Boutique Finance Fashion 262

Inside Retail

DECEMBER 20, 2022

A fundamental question about the future of David Jones was put to rest this week, after the retailer’s parent company Woolworths Holdings announced the sale of the department store chain to Australian private equity firm Anchorage Capital Partners on Monday. How involved will Anchorage be in the management of David Jones going forward?

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Department Stores Supermarket Management Marketing 246

Inside Retail

DECEMBER 11, 2023

Since the retailer’s establishment in 1858, Macy’s has become one of the most well-known department stores in the US, if not the world. billion acquisition offer from an investor group composed of Arkhouse Management and Brigade Capital. Macy’s declined to comment on the offer at the time of this writing.

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Department Stores Merchant Services Management Store Operations 244

Inside Retail

FEBRUARY 8, 2024

Myer currently operates 56 department stores across Australia, as well as its online business and in-house brands including Sass and Bide, Marcs and David Lawrence. Our focus remains on seeking to drive further and sustainable cost efficiencies and inventory management,” he added. The report revealed that online sales were $390.1

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Department Stores Inventory Management Planning Returns 264

Inside Retail

FEBRUARY 27, 2024

This week, Macy’s announced plans to shut down 150 “underproductive” stores, more than one-fifth of its department store assemblage, over the next three years. Neil Saunders, managing director and retail analyst at GlobalData, believes the store closures are “a necessary step to strip the dead wood from Macy’s”.

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Department Stores Location Finance Planning 130

Inside Retail

JANUARY 21, 2024

The brand has grown to have a presence in 80 countries through a distribution network encompassing 1200 points of sale across stand-alone stores, franchises, department stores, multi-brand leather goods stores, travel retail and e-commerce websites.

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Boutique Department Stores Fashion Accessories 262

Retail Times

MAY 6, 2021

Norwegian contemporary department store Steen & Strøm, which is managed by Promenaden Management, is launching a brand-new 900sq m (9,700sq ft) Beauty Hall this month as part of a major NOK 300 million (£25.7 million GBP) refurbishment and upgrade.

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Department Stores Management Planning ATS 53

Retail TouchPoints

MAY 4, 2021

Family-owned department store chain Boscov’s is upgrading its ecommerce ecosystem through an expanded partnership with unified commerce platform Kibo. The retailer already is using Kibo’s order management and personalization products.

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Department Stores Customer Experience Planning Management 262

Inside Retail

OCTOBER 10, 2021

Fitness brand Peloton is launching its first Australian showroom later this week, and will partner with department store David Jones to boost its bricks-and-mortar presence. Peloton’s first showroom will open on Wednesday in Westfield Bondi Junction, and will soon be followed by a standalone showroom on Sydney’s Martin Place.

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Department Stores Management 246

Inside Retail

DECEMBER 10, 2023

Department store chain Macy’s has received an $8.8 billion acquisition offer from an investor group composed of real estate-focused investing firm Arkhouse Management and global asset manager Brigade Capital, according to the Wall Street Journal.

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Department Stores Management 130

Retail TouchPoints

FEBRUARY 27, 2024

has unveiled its Bold New Chapter strategy, signaling a major shift for the iconic department store retailer. Macy’s plans to close 150 underproductive nameplate stores — approximately 50 this year alone — and continue its expansion of smaller-format stores as it prioritizes investment in about 350 go-forward locations.

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Location Department Stores Fulfillment Planning 259

Inside Retail

AUGUST 3, 2023

David Jones has joined the growing ranks of major retailers to establish their own retail media sales and management business. The department store chain has launched a standalone business called David Jones Amplify which will give brands access to more than 475 in-store media, 102 digital formats and 70 print and digital editorial formats.

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Department Stores Advertising Point of Sale Marketing 246

Inside Retail

NOVEMBER 2, 2023

Local governments, planners, place makers, economic development managers, trade associations and retailers work hard to design, improve and revitalise main streets. So what types of stores and services do they want? Overwhelmingly, participants considered the pharmacy the most important store or service for an ideal main street.

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Department Stores Shopping Marketing Planning 299

Retail TouchPoints

DECEMBER 13, 2021

A new range of Forever 21 fashions has debuted at 100 JCPenney stores across the U.S. The move marks the latest bid by the perennially challenged department store chain to turn around, by bolstering its appeal with teens and young adults. JCPenney isn’t Forever 21’s first foray into department stores. and online.

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Inside Retail

AUGUST 7, 2023

Department store Myer says sales and profit are continuing to grow despite the challenging economic environment, with its online business continuing to strengthen. CEO John King said the business continues to “tightly” manage costs, inventory and cash to ensure a strong balance sheet as it begins its new calendar year.

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Department Stores Accounting Returns Planning 246

Inside Retail

OCTOBER 4, 2022

Results in the past two years were bolstered by Covid management strategies, including landlord rent concessions and government JobKeeper payments. Good management no doubt but also quite likely a strategic move to position Premier Retail for further acquisition opportunities. per cent to $1.5 billion and net earnings up 4.9

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Department Stores Payment Services Management Accounting 246

Inside Retail

JULY 7, 2021

“The board is focused on ensuring that [Myer CEO] John King and his management team are able to execute the all-important peak trading period without distraction.”. The Premier management team have demonstrated what quality of management they have relative to a lot of other retailers,” an anonymous fund manager told the AFR. “The

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Department Stores Management 246

Inside Retail

FEBRUARY 2, 2024

Why fashion loves dropshipping This is the digital version of department stores that decades ago moved to concessions taking a percentage of sales. Think of the high-end concessions seen in department stores like Myer and David Jones, except this is online.

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Fulfillment Department Stores Wholesale Fast Fashion 246

Inside Retail

MARCH 26, 2023

Anchorage Capital Partners has formally settled on its acquisition of department store business David Jones and promised to pursue ongoing growth and innovation with the chain. With the support and financial commitment of Anchorage, we’ve secured the right investment to lead Australia’s retail industry into the future.”

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Department Stores Management Shopping 130

Inside Retail

JANUARY 4, 2022

Luxury British store chain Selfridges is being sold to a Thai retailer and an Austrian property company in a deal that a source close to the matter said was worth around 4 billion pounds (US$5.37 With Selfridges, they hope to build a luxury department store empire, complemented by an online business. billion).

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Department Stores Management Retail Marketing Planning 130