This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
A year after the French luxury departmentstore originally announced it would be launching its first US location, Printemps is officially opening a brick-and-mortar store in the heart of New York Citys financial district on March 21. Departmentstores havent had the best reputation the last few years.
Indian retail conglomerate Reliance Industries Limited has signed a franchise agreement with American luxury departmentstore Saks Fifth Avenue to expand its luxury retail portfolio through its subsidiary Reliance Retail, the company said in its third-quarter financial report last week.
Central’s acquisition move is not unusual,” Selvane Mohandas du Ménil, International Association of DepartmentStores managing director, told Inside Retail. Central Group made the headlines again in 2022 after snapping up Selfridges Group, making it the largest luxury departmentstore operator in Europe.
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 departmentstore chain truly adapt to the needs of the modern-day consumer?
The mall concept as we know it began in 1956 with the opening of the Southdale Center in Edina, Minnesota. The multi-store shopping centre steadily grew in popularity in the US, hitting peak popularity in the 1980s. In the past, the big departmentstores were the main attractions. That is less so today.
Most recently, on September 10, Finnish lifestyle brand Marimekko opened ‘ Marimekko ConceptStore’ on the mall’s ground floor. Is Marimekko ConceptStore really a conceptstore? It has been open for more than two years and is a clearly distinct retailconcept leveraging the Marimekko brand.
Where things get a little more complicated is through the introduction of in-store technology that changes (and hopefully enhances) the in-store experience, to become truly frictionless. For example, while the Amazon Go (just walk out) concept may have passed its useful life, that doesnt mean the concept of frictionless retail is dead.
And while Central Group’s publicly listed subsidiary, Central Retail, has denied any involvement in the transaction, multiple reports suggest that another division of the conglomerate is involved in the talks. Central’s superregional malls and departmentstores are ubiquitous in Thailand. billion (AU$3.72
This is just one example of the brand’s recent efforts to amplify its longstanding commitment to natural skincare, from the launch of a new formulation charter in 2022 to its B Corp certification in February to a new storeconcept centred on storytelling. “We We do all the right things, but we forgot to talk about it in the past.
Inside Retail connected with the founder to learn more about the origin story behind her company and her latest US retail partnership with Credo Beauty. Inside Retail : How did you come up with the concept for your brand? The Credo partnership signals a strategic step forward in our expansion within the US retailmarket.
As high-end retailers seek to capture and hold onto the 1 per cent shopper’s attention, Saks Fifth Avenue is ramping up its personalised shopping concept, Fifth Avenue Club. In the same release, the high-end departmentstore announced plans to end the year with 20 new standalone shops across Texas, Florida, and California.
According to the International Trade Administration, South Korea’s beauty market was worth US$3.9 billion in 2022, making the country one of the top 10 beauty markets in the world. I think it would be very difficult for them to come back into the market and be successful even if they tried a new business model,” Maderazzo said.
While Shepard was already aware of the needs of trans and non-binary consumers, reviewing the research and seeing the overwhelmingly positive response to the launch of Both& has shown the necessity of having such a brand in the retailmarket. “So So maybe the surprise is that there weren’t more surprises,” Shepard mused.
Vincom is easily the largest mall developer and operator in Vietnam, and wants to focus less on new development this year and more on a trifecta of objectives aimed at its existing mall fleet: driving rental growth, upgrading its market positioning, and strengthening the shaky operating metrics of elements of its far-flung portfolio.
The process is actively in use at every major chain store, departmentstore and larger specialty store chain. Yet the concepts are completely applicable to independent retailers. In fact, many specialty stores and boutiques use this to ensure cash flow and profitability for their stores.
They arrived with great fanfare but many international retail brands have found the Australian retailmarket has been a graveyard. In some cases, the failed Australian ventures were part of a flawed strategy to breathe growth into struggling home market operations.
One of them is that Costco is a warehouse club and Walmart’s own warehouse club concept, Sam’s Club, contributes approximately a cool US$90 billion annually to the company’s top line. Both are membership concepts, and they both operate warehouses in Asia, with Costco having 32 in Japan, 18 in Korea, 14 in Taiwan and three in China.
The purpose of this concept is thus recreational rather than commercial. Experiential retail has developed out of the need to adapt to the changing market due to the rapid growth of the online market. 5 examples of retailers who have implemented the retailtainment concept in their stores.
The K11 concept has been launched in a number of large mainland Chinese cities as well, but now Cheng is gone, stepping down from New World in the wake of a disastrous $2.5 In Japan this has been the case for a hundred years, with departmentstores sprouting in the early 1900s from their roots as kimono shops.
We organize all of the trending information in your field so you don't have to. Join 29,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content