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Once seen as a staple of urban retail, departmentstores in China are undergoing a transformative reinvention. With malls, e-commerce giants, and niche retailers vying for consumer attention, these legacy institutions must reimagine their purpose in an increasingly digital and experience-driven retail environment.
Those brands that have avoided bankruptcy have often been forced to undertake aggressive cost reduction and store closures. Departmentstores have been particularly impacted, with consumers forced online during the pandemic now choosing to buy direct from brands or from more price-competitive online marketplaces.
Lotte enlisted London luxury retail designers Shed , known for a distinctly contemporary and progressive international design style, to reimagine a ‘different kind’ of departmentstore, Lotte’s first major project in 7 years.
Selfridges, the iconic British departmentstore, is ushering in a new era of sustainable retail with its ambitious plan to ensure 45% of transactions come from circular products and services by 2030. This commitment will be realised through its Reselfridges ecosystem, encompassing Resale, Rental, Repair, Refill, and Recycle services.
The management team ensures tenant compatibility with each mall’s identity through rigorous curation, blending both global and local brands to cater to their clientele’s varied needs. Every aspect of the store will be reimagined. Additionally, the redevelopment will introduce a Japanese fusion cuisine restaurant.
Marimekko’s boutique at Siam Discovery’s claim to be a concept store is somewhat shaky, based on the third of these. The store has Marimekko’s customary colourful and upbeat prints, impressed on a curated range of clothing, accessories and ceramics. You can see where this might be going, though.
The Inside Store pop-up by Thankyou is a truly immersive design and retail experience. From its ephemeral presence in the Melbourne CBD to its captivating interior, every aspect of the store is carefully curated, with limited signage enticing curious seekers to discover the elusive spot. Ganni Sydney Image supplied.
Luxury handbag restoration and preowned designer resale retailer, Handbag Clinic is expanding its partnership with luxury departmentstore, Fenwick, with the launch of its second in-store concession in Fenwick Colchester from Monday 12 th April.
While household-name departmentstores are downsizing and closing their doors, multi-brand retail boutiques are succeeding by focusing on personalised shopping experiences. Multi-brand retail boutiques like Melbourne’s Filly Stable are reviving and reimagining the in-person retail experience.
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