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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 It is also testing automated, cashier-less convenience stores in several markets.
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.
The symbiotic retail relationship SM Retail, the retail arm of SM Investments, operates a portfolio of more than 4200 stores across a whole plethora of retail categories that includes departmentstores, supermarkets, hypermarkets and specialty stores. The wet market still reigns supreme for the time being.
And it supplies to departmentstores, such as David Jones, Myer, Kmart and Big W. They include new brands and licences, developing and progressing its own brands, expanding its category offerings for the licences it already holds, and expansion outside of Australia and New Zealand. Brooke Norton – Supplied.
A-COLD-WALL* has announced the launch of a second Seoul concept store-in-store this month. 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.
The consensus within the retail industry is that Nordstroms partnership deal with the Mexican retail group will improve the departmentstore retailers chances of thriving at a time when many legacy players, like Macys, are struggling to survive. However, long-term success for Nordstrom wont come without further changes.
The huge increase in online shopping over the past decade or so has had a major impact on departmentstores, 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.
Sydney Airport and Heinemann will jointly introduce Australia’s first domestic terminal “departmentstore” concept next July at T2 and T3. Spanning 1765sqm in T2 and 506sqm in T3, the new retail space’s offerings range from apparel, accessories, watches, jewellery, perfumes, and wines to spirits.
However, both were short lived and less complex and less expansive than the Sigma customer base. The acquisition of Just Jeans, Portmans, Jacqui E, Dotti and Jay Jays by Myer provides a new growth channel after several years of reducing departmentstore floor space and trying to find a fashion edge.
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. In addition, Chadstone offers over 10,000 complimentary car spaces and an optional valet service.
Litmus Retail Group has partnered with Myer on a physical showroom concept that will enable the departmentstore to display big and bulky products, such as treadmills, e-scooters and stand-up desks, and track how consumers are engaging with them to inform future buying decisions. That’s where Litmus comes in.
From subtle living room updates to kitting out our new home office spaces, there has been an understandable and undeniable growth in consumer appetite to elevate our spaces while so many of us have been spending more time at home,” Burchell told Inside Retail. “As Tapping into Millennial market.
Retail environments were already evolving to become more engaging spaces when Covid-19 hit, but the pandemic has underlined just how important the social experience is to us. But for retail stores and shopping centres re-imagining the spaces they provide, just as important is the need to get construction projects right the first time.
Known as a trailblazer, Revlon was once the most radical company in its space. When business was booming, Revlon’s strategy was to expand sales through mass market departmentstores, as well as buying expensive advertising. What went wrong?
Mango, one of Europe’s leading fashion groups, is accelerating its expansion in the United Kingdom with the opening of three new stores this autumn to bring the total to almost 50 by 2022, combining its physical presence in shopping centres with standalone stores and corners in departmentstores.
The company attributes this partly to a shortage of high-quality supply to address a strong demand for high-quality space. The real engine of occupancy growth is likely to be the expansions of the latter. The post Vietnam’s Vincom shifts focus from expansion to upgrades appeared first on Inside Retail.
The brand commands premium prices for its designer eyepieces and is renowned for its stores, most of which resemble contemporary art galleries more than retail spaces. Expanding abroad Having established a solid reputation in Mainland China, the brand has just begun to explore expansion abroad.
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.
“Scaling the Supreme sunglasses collection is the obvious low-hanging fruit and could open up huge distribution opportunities in all the world’s departmentstores. A Ray-Ban collaboration would easily lay the foundation for a full eyewear launch and the brand would sit comfortably in the space,” he added.
We’re not in that space yet, but that’s certainly something we’re looking at, as well as bringing the larger warehouse experience to online shoppers – delivering big, high-cube items directly to members would be a huge benefit. We’re navigating through that space, and there’s a lot out there.
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.
Founded in London’s Piccadilly in 1707, Fortnum & Mason is venturing into the digital space with the recent launch of its official store on Tmall Global in China. The post Fortnum & Mason exec discusses APAC expansion and digital plans appeared first on Inside Retail.
We envisioned a label in which shoppers could ‘see’ what they were buying properly, rather than touring packets of folded linen in departmentstores. HW: In the throes of 2020’s Melbourne lockdown, we unveiled our inaugural store in Abbotsford, as well as that expansive wonderland-meets-warehouse in Brunswick.
Japan’s Ministry of Economy, Trade and Industry said there were 210 departmentstores in Japan at the end of 2019 but attrition in the ensuing three years reduced that number to just 192 by the end of 2022. Both the Takashimaya and Tokyu stores were luxury-focused, and had been a fixture of their neighbourhoods for decades.
Major departmentstore, tick. The compression and expansion of its various laneways and squares conjures intrigue and discovery. Store formats vary in size, shape and identity, whereby guidelines seem relaxed and autonomous, in turn creating a sense of individuality amongst its buildings and retailers. Cinema, tick.
After starting as a DTC-only brand, Emma Lewisham is now available in over 200 stores, including Space NK, Harrods, Goop and Net-a-Porter, with recommended retail price sales globally for the year ending March 2024 totaling NZ$13 million. IR : How does Emma Lewisham fill a white space in the beauty market?
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.
“Many domestic retailers were not strong on digital, especially departmentstores which offer similar home product ranges,” she told Inside Retail. . Amazon’s Achilles’ heel. One weak spot in Amazon’s quarterly results was its physical retail sales, which fell by almost 16 per cent.
Eye on the prize With a solid presence outside of Asia and a network of five physical stores in Hong Kong, Azoulay felt it was a logical step to continue the brand’s expansion into Mainland China. The biggest challenge has been finding local partners to help the brand achieve its goals of global expansion, he said.
This transformation can be dissected into several distinct stages, often referred to as disruptions, in which retailers competed on multiple fronts: for physical space, consumer attention, and innovative store layouts and designs. These departmentstores were typically found in major cities, catering to urban consumers’ needs.
Following its 2020 marketing strategy rebrand, Parfums de Marly felt now was the right time to enter the Australian retail space with its French vision of excellence and luxury in opposition to standardisation, through in-store customer experience. By culture, we are a departmentstore brand in the way we function.
With over 200 stores and a slew of international brands, including Celine, Ganni, Levi’s and Reebok, United Arrows is one of the country’s largest select shops, which is a kind of mini departmentstore. Just because you have a space, it doesn’t necessarily mean anything’s going to move. Focus on Asia.
Unlike other beauty brands, Jung Saem Mool – founded in 2015 and with more than 250 point-of-sales in South Korea – takes a very different approach to connecting with its customers in this market, which can be seen at its flagship store on Scotts Road.
US-based apparel chain Old Navy is reportedly exploring a possible expansion to India. Featuring the brand’s NextGen store concept, the space was designed to redefine the Indian shopping experience. India is the world’s fifth-largest global destination in the retail space. billion direct-to-consumer shipments by 2030.
The Las Vegas Culture Kings store is just a few weeks old, but CEO Simon Beard is confident that it will break records. When you go into a store and there’s one person working, or you go to [departmentstores], and you can shoot a cannon and [not find] staff. I’ve always believed in creating that vibe and atmosphere.
The Las Vegas Culture Kings store is just a few weeks old, but CEO Simon Beard is confident that it will break records. When you go into a store and there’s one person working, or you go to [departmentstores], and you can shoot a cannon and [not find] staff. I’ve always believed in creating that vibe and atmosphere.
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. Targeting global growth.
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. On the ground floor is the large, single-level Robinson departmentstore that caterpillars up one side of the mall.
Indoor trees, natural light and a sculptural 12-metre-high waterfall help to create a calming shopping experience inside the Hyundai Seoul departmentstore in Seoul , with interiors designed by Canadian studio Burdifilek. This extends through the core of the building to funnel sun into the expansive floorplan.
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 first is the perennial issue of whether or not the various markets can absorb the new space becoming available as developers open the doors of their newest projects. That may be an issue in cities such as Bangkok, Phnom Penh, Hanoi, and Ho Chi Minh City, where substantial new space is coming online. The past as prologue.
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.
In a press release, Kardashian stated, “The expansion into the menswear space is a major milestone for the brand and a testament to Skims’ commitment to providing solutions for everybody. In addition to the expansion of the menswear market, there is also a growing demand for innovation within the men’s underwear industry.
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.
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