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Amazon.com is to open several departmentstores in its home US market to test the concept as it continues to build out its multichannel business model. Departmentstores’ share of the overall US market has fallen from 14.5 Kohl’s may suffer, if only because Amazon is likely to favour locations similar to its own.
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. per cent expansion. per cent by 2028.
Following the opening of a bold and distinctly industrial space inside the world-renowned Hyundai COEX, the brand unveils yet another site in the Korean capital, this time located in the famed Lotte DepartmentStore, Jamsil.
Shinsegae — one of the Big 3 of Korean departmentstore 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.
Among the highlights was a successful relaunch of Central Chidlom (popularly known as Central DepartmentStore) in downtown Bangkok, with a new multi-level designer wing called Luxe Galerie. The companys ambition is to be the top retail conglomerate in Southeast Asia and its expansion program is ambitious. per cent, to 262.8
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?
Battersea Power Station Located in London, UK, Battersea Power Station has transformed a 170,000sqm development in the heart of central London into a community of homes, shops, bars, restaurants, cafes, offices and over 19 acres of public space. The centre is located 17 kilometres southeast of the Melbourne CBD.
Australian fashion brand Aje has committed to further international expansion, potentially including a dedicated bricks-and-mortar presence in the United States, after spending the last year and half focusing heavily on its international retail partners. The US isn’t the only overseas market the business is focusing on.
RM Williams has opened its third UK store in Marlow, Buckinghamshire, the company’s first store outside Australia since 2017. The store joins RM Williams’ existing locations in London’s New Bond Street and Berwick Street, Soho. Another UK store will open in Cambridge in December.
Charity Super.Mkt, the ‘departmentstore for second-hand style’ launched earlier this year by Maria Chenoweth and Wayne Hemingway, will open at Bluewater this week. The creation of Charity Super.Mkt has brought charity retailers into mainstream retail, gaining locations that would have otherwise been inaccessible.
Vincom tries to cover itself with four tailored formats: Vincom Center, which is designed for high-density locations; Vincom Mega Mall, a retail/entertainment concept averaging about 110,000sqm of gross floor area (GFA); and Vincom+ and Vincom Plaza, two formats that are oriented toward smaller provincial cities.
“By bringing together Woolworths and Big W in the one location we can improve the local shopping experience for our customers while driving more activity in Sydney’s Town Hall precinct,” said Woolworths Supermarkets MD, Natalie Davis.
Expanding abroad Having established a solid reputation in Mainland China, the brand has just begun to explore expansion abroad. One of those investors, L’Oréal’s venture capital fund, will likely be an invaluable resource in Zhaoran’s overseas expansion ambitions. Each time we design a store, we look at the location and the neighbours.
EL&N Café, famously dubbed as “the most instagrammable café in the world”, has secured almost 8,000 sq ft of space on the bustling New Street, adjacent to Zara, and will offer an expansive 20m double-height frontage.
Australian fashion retailer, Forever New, is expanding its store network in the country, opening new locations across seven David Jones stores. . While four new stores are scheduled to open in NSW, the remaining three stores are set to launch in Victoria and Qld.
Australian fashion house Shona Joy is continuing its international expansion with the first physical retail location in the upmarket Bloomingdales departmentstore in Dubai. Housed inside Dubai Mall, the store offers items from the brand’s ready-to-wear collections as well as its event wear label La Lune.
This week, Macy’s announced plans to shut down 150 “underproductive” stores, more than one-fifth of its departmentstore assemblage, over the next three years. In addition to the closures, Macy’s has also pledged to invest in approximately 350 locations and expand smaller storefronts. Where did Macy’s go wrong?
The Westons are said to be seeking £4 billion for their European departmentstore assets, including Selfridges’ four stores in the UK, Brown Thomas and Arnotts in Ireland, and De Bijenkorf in the Netherlands. Central’s superregional malls and departmentstores are ubiquitous in Thailand.
The world’s largest retailer shared expansive plans for the future of retail at the recent Consumer Electronics Show (CES 2024), focusing on adaptive retail strategies that encompass realms of customers, workforce and society. The drone delivery expansion will include stores across more than 30 towns and municipalities in the DFW metroplex.
Beard told Inside Retail that the brand – which also has seven stores across Australia and one in New Zealand – was looking at different locations across the US before identifying Las Vegas, as it suited its target audience of young males, who travel there as a rite of passage. Thus, the brand and location were a perfect fit.
Beard told Inside Retail that the brand – which also has seven stores across Australia and one in New Zealand – was looking at different locations across the US before identifying Las Vegas, as it suited its target audience of young males, who travel there as a rite of passage. Thus, the brand and location were a perfect fit.
The high perfumery now has six global flagships with plans to open another four locations within the APAC region over the next 12 months. Moreover, the location was flagged as having a lot of exposure to tourists and locals with its city centrality. By culture, we are a departmentstore brand in the way we function.
Dr Vranjes Firenze’s launch in the Australian market last December through a partnership with David Jones could be a sign of further global expansion to come, following L’Occitane Group’s recent acquisition of the luxury Italian home fragrance brand. Its work with premium Australian departmentstore chain David Jones is an example of this.
The journey of retail formats, as we know them, began with specialty stores, where retailers differentiated themselves through elevated service, expansive inventory, and deep local knowledge. Looking at retail disturbances in an oversimplified way, the first major disruption in retail was the emergence of departmentstores.
Founded amidst the opulent settings of Marrakech’s Dar el Bacha palace in 1910, this Moroccan coffee brand has recently made waves with its ambitious expansion into new territories. Unique formats The Taipei location is unique in the sense that it offers a retail space, coffee bar and takeaway counter in the same area.
Kids fashion and occasion-wear brand Bardot Junior has launched its standalone website in the US, as part of its international expansion and growth. He added that Bardot Junior will enter departmentstores overseas – including Hudson Bay in Canada, and Neiman Marcus, Saks Fifth Avenue and Dillard’s – who have picked up the brand in the US. “We’re
Major departmentstore, tick. Platform, Los Angeles: Where culture, community and creativity meet Located in a trendy neighbourhood of Culver City, California, Platform is a curated showcase of local indie brands, pop-ups, sleek bars and Michelin-star restaurants. Global fast-fashion retailer, tick. Supermarket giant, tick.
Also on Thursday, Walmart announced plans to open 28 new health centres in Texas, Arizona and Missouri, bringing the national total to more than 75 locations. The partnership combines Atrium’s hospital-at-home program with Best Buy’s technological services, she said. Amazon, meanwhile, completed a $3.5
Australian fashion label SIR is about to celebrate a decade in business and as its tenth birthday approaches its co-founders and creative directors, Nikki Campbell and Sophie Coote, are reflecting on the brand’s DNA as it moves into an era of expansion. “As
US-based apparel chain Old Navy is reportedly exploring a possible expansion to India. In April of this year, Levi’s opened its largest bricks-and-mortar location in Asia in the Indian city of Bangalore. Featuring the brand’s NextGen store concept, the space was designed to redefine the Indian shopping experience.
It wasn’t even necessarily a scan and pick-by-location system, it was almost paper-based. Founded in 1985, Taking Shape is the market leader in the plus-size fashion space in Australia and New Zealand, with around 150 bricks-and-mortar stores across the two markets, including about 60 concessions in Myer departmentstores.
The company’s latest business update for the Stock Exchange of Thailand states that The Chalong mall has 17,000sqm of net leasable area, and is anchored by an 8,000sqm Robinson departmentstore. The malls are distributed across Thailand, often in locations of no or secondary tourism importance.
When retailers are at their most cautious with regards to expansion, they usually focus on snaring prime locations at a discount. This means shopping malls and strips in secondary locations will be getting crumbs. In Tokyo, too, rents are stabilising and even increasing in prime areas of the city.
Featuring the first bricks-and-mortar store for cult beauty brand Drunk Elephant and an expansive 10-acre rooftop park designed for social engagement and sustainability, The Exchange TRX is on track to become a world-class retail destination. One of the anchor tenants will be Seibu, spanning four levels and occupying some 250,000sqft.
The chain only has four locations in Japan. Ten years after he opened his first cafe in 2013, there are now more than 140 worldwide, the most recent new market entry being Vietnam early this year, most recently followed by a debut store in downtown Toronto, Canada this month. He told Inside Retail he prefers ‘iconic’ locations.
Like the first two, Aeon plans to tailor the tenant mix closely to the local demographics, which differ materially in each of the three locations. Vincom, notwithstanding, Vietnam’s large population and juicy demographics make it a key country in Aeon’s Asian expansion strategy. Malls: the Homogeneity Problem. Vietnam is the big prize.
A strategic alliance with Watsons Malaysia has opened the doors to a host of opportunities, marking a significant milestone in the brand’s global expansion journey. Since obtaining the Halal certification, Seervai has witnessed a considerable expansion in its target audience.
When the high-end retailer charged TPG Architecture (New York) with a collaborative effort with their in-house design team to redesign its existing store in the Perisur Mall, located in the southern suburbs of Mexico City, the mandate presented was clear and consistent. In homage to Wyman, the store café is called Café Lance.
The path to expansion in global markets is littered with potholes and land mines. There is no silver bullet to avoiding the challenges that come with global expansion, but there is one sure way to minimize the risk, meet your desired goals and save time and money: hire locally. In each scenario there are pros and cons.
Launching a new product during the pandemic did present a challenge for brands, due to the lack of foot traffic in departmentstores and the difficulties navigating contactless testers. NPD’s analysis showed “the bulk of the volume and the growth is coming from what exists”. The post Forget the lipstick effect.
Located in the iconic T&G Building on Collins Street, Loewe’s first Melbourne store reflects the luxury fashion brand’s investment in art and design. The store’s interior features a mix of elements, combining handmade ceramics, brass and turned iron with expansive glass windows and concrete floors.
Japanese retailer Muji unveiled its largest flagship store in Southeast Asia, with the recent reopening of Muji Plaza Singapura in the heart of Singapore, following a transformative makeover. Even ‘Cafe&Meal Muji’ has joined in on the expansion, now comfortably accommodating up to 94 diners with a festive menu available until December 27.
Born of a collaboration in 2009 between Marc Chaya and perfumer Francis Kurkdjian, Maison Francis Kurkdjian has become a major player in the luxe fragrance industry, and is sold across more than 700 locations worldwide. IR: Since Covid-19, a lot of brands have focused on digital and e-commerce, which would be challenging for fragrance.
The Evolution of Retail Formats The history of retail formats can be traced back to the late 1800s when single-product stores dominated the townscape. However, the emergence of departmentstores revolutionized the retail landscape by offering diverse products and brands under one roof.
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