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David Jones to cull 100 jobs in store operations review

Inside Retail

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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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%. The solution also supports omnichannel offerings such as BOPIS by transforming how Siman tracks inventory across the chain.

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Analysis: Should Macy’s accept its $8.8 billion acquisition offer

Inside Retail

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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Move Past Hype to Focus on Value with AI Implementations in the POS Space

Retail TouchPoints

Considering that endcap displays generate 70% of grocery and department store spend, the ROI of a solution that provides intelligent insights can be fast and decisive. If metrics show underutilization of those services, AI can alert managers and provide insights for informed decision-making.

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Macy’s to Close 150 Nameplate Stores, Focus on Luxury and Small-Format Locations

Retail TouchPoints

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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Retail appointments of the week: Puma, Nike, Tory Burch

Inside Retail

In his new role, Roche will oversee the brand’s operations in Japan and report to Thibault Villet, president of Asia Pacific & Japan. Edouard is a results-oriented leader with vast experience in the region and a strong background in luxury fashion management and marketing,” said Pierre-Yves Roussel, CEO at Tory Burch. “We

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Reuters: Mexican Retailer Liverpool Takes 9.9% Stake In Nordstrom to Diversify Geographic Assets

Retail TouchPoints

Mexican luxury department store Liverp o ol has reportedly taken a 9.9% Liverpool said in a statement that “this operation represents an attractive opportunity to diversify assets geographically.”. passive stake in Nordstrom in a deal valued at $293.8 million , according to Reuters. Founder Bruce Nordstrom held a 15.9%