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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Department Stores Accessories Fashion Returns 130

Retail TouchPoints

SEPTEMBER 3, 2020

Returns are a cost of doing business for any retailer. In the wake of COVID-19, returns are receiving serious (and necessary) attention for several key reasons: Retailers are spending more processing returns in stores. Returns is just one example.” . In-Store Returns Trending Up, But Not Pouring In.

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Returns Merchant Services Department Stores Shipping 333

Retail Gazette

JANUARY 30, 2024

John Lewis chair Dame Sharon White has claimed the business will return to profit this year, as it gears up to slash up to 11,000 jobs under its turnaround plan. ” Earlier this month, John Lewis hired one of its former directors, ex-Jigsaw boss Peter Ruis, to run its department store business.

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Returns Department Stores Planning ATS 105

Inside Retail

JUNE 4, 2023

Myer’s CEO and MD John King has announced he will retire in the second half of the 2024 calendar year and return to the US. 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.”

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Department Stores Specialty Retailers Returns Planning 264

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 TouchPoints

MARCH 15, 2021

Lord & Taylor will return from bankruptcy as a digital-first retailer in April under its new owner Saadia Group, according to multiple sources. Known as the oldest department store in the U.S., Lord & Taylor has had a rocky couple of years.

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Returns Department Stores Apparel Finance 279

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

MAY 13, 2021

Six years after leaving fashion to pursue his passion for fine art, Australian designer Jayson Brunsdon has returned to the rag trade with the launch of his JB Jayson Brunsdon collection at Harris Scarfe. As far as I can tell, there is a bit of a gap in terms of department stores, and I think they might be filling that gap.”. “As

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Fashion Returns Department Stores Apparel 200

Retail Gazette

OCTOBER 19, 2023

Fenwick has returned to profit, boosted by the sale of its New Bond Street store for £430m, Retail Week reports. The sale of the department store retailer’s 130-year old flagship last December enabled the business to report pre-tax profits of £57.1m last year, compared to a loss of £5.2m a year earlier.

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Returns Department Stores Customer Experience Planning 110

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. Returning to its roots. The future of department stores. ” .

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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

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 74

Retail TouchPoints

JANUARY 24, 2024

This retail renaissance is not just a return to traditional shopping spaces but also signifies a shift in the shoppers’ culture, expectations and behaviors. Major department stores are leaning toward repurposing and reskinning existing fixtures, saving costs and minimizing environmental impact.

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Returns Department Stores Store Layout Fast Fashion 319

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. King will retire in the second half of FY24 and return to the US. per cent increase in sales to $3.4

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Department Stores Accounting Returns Planning 246

Retail TouchPoints

FEBRUARY 23, 2021

Macy’s Q4 and full-year 2020 results show signs of a turnaround for the department store, hard hit, like many of its counterparts, by the COVID-19 pandemic. 22 Macy’s announced plans to close 45 stores by mid-2021, according to CNBC , part of a previously announced plan to close 125 locations by 2023.

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Department Stores Returns Jewelry Apparel 211

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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Retail TouchPoints

SEPTEMBER 20, 2022

The Nordstrom Board of Directors has adopted a one-year shareholder rights plan, a.k.a. of the retailer’s stock by Mexican luxury department store Liverpool. The Nordstrom plan expires on Sept. a poison pill, following the purchase earlier this month of 9.9% The Liverpool stock purchase, valued at $293.8

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Department Stores Returns Planning Marketing 282

Retail TouchPoints

OCTOBER 12, 2021

The store window has always been prime real estate for brand storytelling, but this is especially true during the holiday season. That is why we plan to celebrate the creative professionals who master the art of window dressing once again with the design:retail Winning Windows awards program.

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Returns Specialty Retailers Department Stores Planning 182

Retail Gazette

DECEMBER 27, 2023

John Lewis partners will be presented with a fuller plan “in January or February”. the [new] strategy and plan is a partnership plan. “It’s not a PLC plan or a private equity plan.” That is the strategy . . . and Click here to sign up to Retail Gazette‘s free daily email newsletter

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Planning Returns Management Department Stores 119

Inside Retail

AUGUST 11, 2021

The fight for board control of department store Myer will be decided in the next few months, with the firm’s AGM likely to run in late October, but Solomon Lew’s major stake in the business could well be diluted by the time to vote. Department store sales up this year. million, up 5.5 per cent to $539 million.

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Department Stores ATS Net Profit Returns 246

Retail Gazette

SEPTEMBER 14, 2023

John Lewis losses before tax narrowed in its half year but chair Dame Sharon White’s plan has been pushed back two years due to “inflationary pressures” Losses before tax and exceptional items were £57.3m, a 14% improvement on last year. Waitrose will launch a third tranche of price cuts in the second half.

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Retail Gazette

FEBRUARY 25, 2024

The department store company’s team consists of over 1,000 staff and is shrinking by approximately 200 workers. The chain said its own in-house customer service team would return to the size it was before Christmas as a result of the changes. Click here to sign up to Retail Gazette‘s free daily email newsletter

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Department Stores Returns Planning Management 98

Retail Gazette

APRIL 5, 2024

Fenwick’s former department store on London’s New Bond Street has been given approval from Westminster City Council for proposals to partially demolish and redevelop the site. The department store retailer, which had occupied the site since 1891, closed the iconic store for £430m in December 2022 after 130-years of trading.

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Department Stores Planning Returns Shopping 52

Retail TouchPoints

NOVEMBER 8, 2022

Kohl’s CEO Michelle Gass will leave the department store retailer to take on the newly created position of President, LS&Co., The move sets in motion a succession plan for Gass to succeed Bergh as CEO within the next 18 months. reporting to Levi Strauss & Co. President and CEO Chip Bergh. Beginning Jan. Beginning Jan.

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Department Stores Planning Returns ATS 233

Inside Retail

MAY 24, 2021

Korean department stores diversify into food delivery services. South Korea department stores are introducing near-distance delivery services to get food and beverage from food courts and restaurants into the hands of consumers. E-mart to quit Vietnam.

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Department Stores Boutique Supermarket Planning 246

Retail Gazette

MARCH 14, 2024

John Lewis Partnership returned to profit in its last financial year, but confirmed it would not pay its staff a bonus for the third time in four years. It made £111m in productivity improvements over the year, bringing its total to £420m since it kicked off its Partnership plan in January 2021.

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Returns Planning Shopping Department Stores 52

Mass Relators

AUGUST 20, 2021

NEW YORK — In the week that big-box retailers reported that shoppers are returning to stores came news of Amazon.com Inc.’s The Seattle company declined to comment on the plans or provide the Journal with details. The post Amazon reportedly planning bigger stores appeared first on MMR: Mass Market Retailers.

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Planning Department Stores Fulfillment Shipping 52

Inside Retail

OCTOBER 19, 2021

Akeroyd has also held several senior fashion roles at London-based luxury department store Harrods. “I I am looking forward to returning to London where I first built my career in the luxury industry to join a talented team with ambitious plans for the future and a strong platform to accelerate growth,” Akeroyd said.

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Department Stores Fashion Returns Planning 246

Retail TouchPoints

OCTOBER 22, 2021

“I am looking forward to returning to London, where I first built my career in the luxury industry, to join a talented team with ambitious plans for the future and a strong platform to accelerate growth.”. At Burberry he will report to Chair Murphy and the Board of Directors.

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Department Stores Fashion Returns Customer Experience 264

365 Retail

JULY 5, 2021

Department store John Lewis has announced plans to build 10,000 rental homes over the next few years to help address the national housing crisis. John Lewis plans to move into the property rental market (Kirsty O’Connor/PA).

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Planning Marketing Department Stores Returns 85

Retail TouchPoints

JANUARY 9, 2023

The closures are part of the retailer’s Polaris growth strategy , which aims to stabilize the department store as it pursues a return to growth. The Polaris strategy, which involves a combination of customer, operations and store footprint-based initiatives, has had mixed success.

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Department Stores Location Fashion Returns 237

Retail TouchPoints

MAY 6, 2021

In London, as shoppers return to storied Oxford and Spencer streets after long COVID-19 lockdowns, they’re being greeted by the sight of boarded-up windows and a $23.4 Yet as pundits ponder the death of the department store, the industry is racing to reimagine where and how it sells goods. In the U.S.,

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Fulfillment Shrinkage Department Stores Returns 342

Retail Gazette

AUGUST 25, 2023

The department store retailer has given its festive temps free cooked breakfasts and Sunday roasts for the last two years. In the past, all workers across its stores and distribution centres were eligible for the free food. This morning, the partnership revealed plans to recruit for over 10,000 roles across the country.

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Department Stores Returns Planning Shopping 98

Inside Retail

SEPTEMBER 15, 2022

Department store group Myer says strong sales performance in both online and physical stores boosted profits in its latest full-year. billion while comparable store sales grew 15 per cent despite losing 11.4 per cent of in-store trading days to Covid-related lockdowns. per cent to $2.98

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Department Stores Returns Planning 130

Retail TouchPoints

SEPTEMBER 29, 2022

A little less than year after first announcing its plans, Macy’s has joined the ranks of other major retailers such as Walmart and Target with the debut of its own third-party marketplace. Marketplace products will feature the same Star Rewards loyalty benefits and returns processes as first-party items.

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Department Stores Apparel Fulfillment Shipping 189

Retail TouchPoints

MARCH 2, 2021

Beck’s planned departure was first announced in September 2019, at the time when fellow Co-founder and COO Barry Beck left the company. Macy’s updated its “Polaris” growth strategy in late February 2021 as it announced better-than-expected Q4 2020 results, marking a return to profitability for the department store chain.

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Payment Services Department Stores Planning Location 302

Retail Wire

MARCH 9, 2022

Macy’s plans to refinance and pay down debt in the coming weeks. The department store retailer is also looking to buy back shares and make other investments. The focus can now shift to investing in the growth of the business and building capabilities.”.

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