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

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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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.

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Department Stores Location Planning Marketing 95

Retail TouchPoints

NOVEMBER 15, 2023

Starbucks Workers United , the union trying to organize Starbucks workers across the country, is planning a “Red Cup Rebellion” on Nov. 16, the retailer’s “Red Cup Day” — traditionally one of Starbucks’ busiest days of the season.

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Planning Department Stores Wholesale Location 290

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

OCTOBER 3, 2023

Macy’s has announced plans to open up to 30 smaller stores in strip malls over the next two years, marking a significant shift for the retailer as it seeks to move away from declining shopping malls. These smaller-format stores, about one-fifth the size of traditional locations, offer a more modern, open layout and focus on.

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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?

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Department Stores Accessories Fashion Location 72

Retail Gazette

MARCH 15, 2024

Fenwick’s Newcastle flagship has been given a further planning green light, with new work beginning this month. The renovation forms part of a £40m investment programme aimed creating the “next generation” store.

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Planning Department Stores Fashion Customer Experience 105

Retail TouchPoints

MARCH 7, 2023

As part of the retailer’s plans to open 100 locations in 2023, Ross Stores opened 11 Ross Dress for Less and eight dd’s Discounts stores in 13 states during February and March. This is the second year in a row when Ross Stores will grow its footprint by 100 locations while maintaining the same ratio of Ross to dd’s shops.

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VMS

AUGUST 19, 2021

(Seattle) has announced its intentions to open a new retail experience, similar to a department store, The Wall Street Journal reports. The company reportedly plans to sell home goods, electronics and other items and may also offer exchange services. trillion USD.

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Department Stores Visual Merchandising Planning Marketing 98

Inside Retail

FEBRUARY 24, 2022

Myer has announced the closure of its Blacktown store in Sydney’s outer west, a move that follows the reduction of footprints of five other stores across Australia. . Since then it has closed stores located at Logan, Hornsby, Emporium and – most recently – Knox, last August.

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Inside Retail

FEBRUARY 15, 2023

Premium department store David Jones is set to host a range of in-store festivities and experiences, as part of pride month. Between February 23 and March 5, the retailer’s Bondi and Elizabeth Street stores in Sydney will feature live performances from a diverse dance troupe called Briefs Factory.

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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 69

Retail Gazette

DECEMBER 28, 2023

Frasers Group unveiled its latest Frasers flagship in Norwich in September 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?

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Department Stores Accessories Fashion Location 52

Retail TouchPoints

APRIL 19, 2024

The Nordstrom board made clear that forming the committee was no guarantee that the department store retailer would pursue “any particular transaction or other strategic outcome,” according to a company statement. Nordstrom’s current plans to explore going private were first reported by Reuters in March 2024.

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Inside Retail

JULY 18, 2023

Woolworths Group is to rebrand its chain of 194 Countdown stores in New Zealand under the Woolworths name. The rebranding is part of a $370 million, three-year transformation plan for the company which will see older stores revamped and an upgraded customer loyalty program.

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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

VMS

DECEMBER 21, 2021

Originally scheduled for an October 2020 opening, the seventh location for this family-run department store was caught in the middle of the global predicament – to build or not to build, to cancel or push on? Finally, we were able to implement the installation plan. Each setback has a domino effect.

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Department Stores Visual Merchandising Accessories Shopping 106

Retail Wire

AUGUST 19, 2021

Amazon.com plans to open several large retail stores in California and Ohio that will offer many of the popular apparel, consumer electronics, household and other brands sold in major retail chains.

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Department Stores Apparel Planning Consumer 130

Shopping Center

AUGUST 20, 2021

Seattle — Amazon, the Seattle-based e-commerce giant, is planning to open a chain of department stores to boost its sales in clothing, household items, electronics and other areas.

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Department Stores Planning Shopping 40

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 75

Inside Retail

JUNE 9, 2021

Fast-growing Australian online retailer Canningvale plans to relaunch the iconic Singaporean department store Robinsons as an online-only business this month after acquiring the company’s digital assets for an undisclosed sum. Some of the brands have a history with Robinsons, while others are new to the department store. .

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Inside Retail

SEPTEMBER 5, 2022

In the UK, the business is already sold through a number of department stores and third-party retailers, but Seafolly’s new website will allow customers to buy directly from the brand. We’re seeing significant growth in Singapore through our website and four Seafolly concept stores.

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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. per cent increase is a case of under-promising and over-delivering, the department store CEO is taking the win as a sign of more growth to come. “We

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Department Stores Inventory Management Planning Returns 264

Retail Dive

AUGUST 31, 2023

The struggling department store will upgrade its tech, stores and customer experience, but is unlikely to follow rival Macy’s in leaving the mall.

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Inside Retail

JUNE 4, 2023

In an ASX announcement, the department store’s board thanked King for his “extraordinary contribution” and added that his decision to leave is based on “being with his family as their health circumstances demand.” When he took over the helm of Myer in 2018, it was losing sales and struggling.

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Department Stores Specialty Retailers Returns Planning 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. The closures are a part of the retailer’s plan “to create a more modern Macy’s, Inc. per cent of its workforce. In December, Macy’s received a $5.8

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Department Stores Location Finance Planning 130

Retail Gazette

OCTOBER 22, 2023

London planning officials have accused John Lewis of building “executive housing” that will not help local families. The accusation comes after the retailer revealed that as little as 10% of flats at one of its flagship developments could be affordable.

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Planning Department Stores ATS 72

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. New beauty hall.

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Department Stores Fashion Boutique Management 64

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 278

Inside Retail

OCTOBER 26, 2023

Macy’s has been stepping up to the plate with a series of new moves, from the expansion of its smaller-footprint stores, to a new digital fashion platform targeting younger shoppers. But while these initiatives sound promising, the question remains: can the department store chain truly adapt to the needs of the modern-day consumer?

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Department Stores Fashion Grocer Location 245

Retail TouchPoints

MARCH 1, 2021

Sephora is continuing its move away from malls with the announcement of the largest store expansion in its 21-year history in the U.S. More than 260 new stores are slated to open this year, including 60 freestanding locations and 200 shop-in-shops inside Kohl’s department stores.

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VMS

OCTOBER 6, 2021

The retail and tech punditry were abuzz following a recent report from The Wall Street Journal (subscription required) spelling out what Amazon (Seattle) has planned for its department stores, the e-commerce giant’s latest foray into brick and mortar.

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Department Stores Visual Merchandising Fashion Planning 52

Inside Retail

SEPTEMBER 16, 2021

Myer’s online sales have more than doubled since John King took over running the department store in 2018, and the CEO believes they can double again to reach $1 billion in the not-too-distant future. The post How Myer plans to reach $1 billion in online sales appeared first on Inside Retail. Myer reported $539.5 billion. “I

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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. The brand still has potential to grow further in Australia.”

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Inside Retail

JANUARY 6, 2022

Authentic Brands owns over 30 brands including Forever 21, Van Heusen and Volcom, and holds a retail portfolio spanning the luxury, specialty, and department store spaces. The post Authentic Brands forfeits IPO plan after private deal appeared first on Inside Retail.

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