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
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.
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.
Harvey Nichols has introduced the world’s first blue-chip non-fungible tokens (NFT) retail concept spacelocated inside a luxury departmentstore dubbed ‘HN NFT Vault’ at the retailer’s Pacific Place store in Hong Kong.
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. Unlike its other locations, the Printemps New York store will not have shop-in-shops.
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.
With the opening of Ecoya Martin Place, Ecoya now has two DTC retail stores that complement its extensive network of retail partners, including boutiques and florists to big departmentstores like Myer, David Jones and Ballantynes. It fits in quite nicely and what’s worked for us in Auckland,” Barnes said. “We’ve
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.
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. What’s next?
Originally scheduled for an October 2020 opening, the seventh location for this family-run departmentstore was caught in the middle of the global predicament – to build or not to build, to cancel or push on? Retail was no different. It was in this context, that we helped launch Cimaco Culiacán in Culiacán, Mexico.
Architecture studio OMA has revealed images of the first completed part of its renovation of Berlin departmentstore KaDeWe, a retail and event space connected by wood-clad escalators. Wood-clad escalators sit in the centre of the space. The quadrant encompasses the beauty department.
We have ‘iconic’ shopping centres, ‘iconic’ retail stores, ‘iconic’ restaurants, ‘iconic’ hotels, ‘iconic’ rock groups. But Takashimaya, a retailer of 1831 vintage and still the largest departmentstore chain in Japan, is surely genuinely deserving of the word. The amount of departmentstore floorspace declined by 6.1
While the industry can agree on the necessity of a physical presence for retailers operating in the apparel space, the jury is still out on the optimal number of locations for brands to maintain relevance and succeed. “We We all grew up with a shop on every corner. For Walker, this is where Mosaic Group’s brands have gone wrong.
While the headlines have largely focused on the number of stores and sales Myer will add to its business if the acquisition is approved, the biggest opportunity could lie in the loyalty space. Where is Myer’s Wirth now Many experts recognise Wirth’s strong background in loyalty as one of the departmentstore’s greatest assets.
Moreover, the group started the reconfiguration of departmentstorespace at Westfield Bondi and Westfield Burwood in Sydney and Westfield Southland in Melbourne. Meanwhile, Scentre Group said it continues to progress its $4 billion pipeline of future retail development opportunities. per cent.
When Laura Peden was growing up in the 1970s, departmentstores were a special place. Decades later, she still vividly remembers how she and her grandmother would travel into Myer’s city store at Christmas to see the “insanely fascinating” windows. The departmentstore was no longer the star attraction.
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.
Sales in departmentstore David Jones jumped during the last year despite the continuation of the Covid-19 crisis and intermittent lockdowns hampering trade. Sales in the departmentstore rose 2.3 per cent in comparable stores, as customers increasingly shopped online through lockdown and unprofitable space was minimised.
Departmentstore Myer has announced it will close its Frankston store in Victoria. . The retailer says it wants to divert resources to its rapidly growing online business and develop stores near the Frankston location, such as Southland, Chadstone, and Fountain Gate.
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 departmentstore preparing stock ahead of time to mitigate any logistical delays related to potential industrial action. per cent increase in total sales to $3.36
Departmentstore Kmart Australia is set to close its Port Adelaide store in the coming months, resulting in 100 job losses. A Kmart spokesperson told Inside Retail that affected employees would be redirected to opportunities within the “wider Wesfarmers business” when the store closes.
Investing in expensive leases in CBD locations made sense for Harrolds in a pre-pandemic world, but the decline in foot traffic during the lockdowns made the business vulnerable and diminished its profit margins.
Showfields closed its Miami and New York City locations in July and September, respectively. It has three remaining bricks-and-mortar locations, in Los Angeles, Washington DC, and Brooklyn. The Brooklyn store will be expanded by 2,500 sq feet, to 14,000 sq feet, to accommodate brands relocating from the two stores that closed.
Myer has announced the closure of its Blacktown store in Sydney’s outer west, a move that follows the reduction of footprints of five other stores across Australia. . Since then it has closed storeslocated at Logan, Hornsby, Emporium and – most recently – Knox, last August.
One of the key issues facing Simon and other mall operators is that they are still joined at the hip to departmentstore anchors. Seven of Simon’s top 10 anchors are mainstream departmentstore chains, headed by Macy’s (97 stores) and JCPenney (53 stores).
So what types of stores and services do they want? Intriguingly, four types of stores/services that are disappearing from main streets around Australia – the post office, bank, departmentstore and newsagent – are in the top ten (out of 45 choices in our survey). The top ten stores and services in an ideal main street.
And in the space of a couple of decades, Bangkok has gone from being a retail backwater to arguably Southeast Asias leading retail destination (although Singaporeans might have something to say about that). The store is the work of Central DepartmentStore Group, a sibling company of Central Pattana.
Housed in the world’s most famous departmentstore, the space will provide an immersive customer experience, as retailers reopen their doors following months in lockdown. Within Selfridges , Roper and Diagon have created a captivating space to reflect the ethos and core values of Pangaia.
Spanning eight floors and 71,500 sqft, Johnnie Walker Princes Street is located inside a building, which was formally a traditional departmentstore for almost 100 years. The experiential space also houses two rooftop bars and a terrace overlooking the Edinburgh skyline. .
The brand plans to increase the number of locations from four to 24 by the end of next year. It’s all about experience Selvane Mohandas du Ménil, the managing director of the International Association of DepartmentStores, said there are three main types of retailers that cater to the 1 per cent.
In line with our new Reconciliation Action Plan, these activities also bring to life our goal of creating spaces for connection.”. The store has a weighted average lease expiry of 10.5 The departmentstore saw sales fall 13.1 years and is 100 per cent leased to Myer. per cent year on year at $1.4 per cent.
Discount departmentstore The Reject Shop’s full year results tell an interesting story – one of business suffering under the impact of the Covid-19 lockdown, but also one of a strong reset to an ailing business model. Total sales in the chain fell 5.1 per cent over the course of FY21 to $778.7 Total sales in the chain fell 5.1
The location of the new mall ensures that Aeon gets a slice of the booming and until recently under-retailed southern section of Phnom Penh strung out along the north-south-running Hun Sen Boulevard. Cars are accommodated with 3,200 spaces, and motorbikes — the staple of transport for Cambodians — with 1,850.
Parisian fashion brand Coperni has collaborated with Swiss furniture company USM Haller to create its first-ever boutique, a shop-in-shop at French departmentstore Printemps Haussmann. The floor of the retail space was covered in Versailles parquet flooring, with each of the wooden floor panels separated by USM Haller's silver tubing.
India is the world’s fifth-largest global destination in the retail space. Big brands The recent news surrounding Apple opening its first company-run retail store in India’s financial hub of Mumbai is an indication of how important the market is in this niche space. billion Direct-to-Consumer (D2C) shipments by 2030.
Laurent Boidevezi, the Apac president of luxury liquor group Moet Hennessy kicked off the day by outlining the company’s plans to expand on building its maison’s direct retail spaces as it looks to boost engagement with new generations of end customers. And that follows a fundamental mantra for the group.
Make the Space, a petition started by Rebecca Willink in April, is calling on supermarkets to stock a more diverse range of foundation colours and has gained over 6000 signatures to date. For example, Maybelline’s foundations are stocked in full in only three stores in the whole of Victoria.”. Supermarkets respond.
Fendi and Chanel demonstrate how gaming aesthetics can work for non-gaming brands too : At the “Fendi Arcade Game pop-ups” at the luxury departmentstore Harrods, Fendi combined visual merchandising, reminiscent of amusement fairs and 80s video games such as Pac-Man, with clothing packed in arcade game machines. Credits: Burberry.
Champagne maker Moët & Chandon opened its first permanent space in Europe within the Harrods beauty halls in London on 7th July 2022. The centre piece of the space facing out onto Basil Street in Knightsbridge is an organic, hand-sculpted chandelier, that spans a curving bar and visually connects the bar with its environs.
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.
Myer’s executive chair Olivia Wirth gave her first full-year earnings report to investors on Friday since officially stepping into the top job at the departmentstore chain on June 4. But what I would say is a number of things about why we have a right to play [in the online space]. million members and 4.4
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.
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. Western perfume brands like Jo Malone London and Diptyque came to China a decade ago and now have around 100 stores. The first goal is to differentiate from them.
Earlier this month, several members of the Nordstrom family, including the company’s CEO Erik Nordstrom and president Pete Nordstrom, offered to acquire the legacy departmentstore chain for US$3.8 The departmentstore division has various structural challenges, while the off-price Rack division is starting to produce some good growth.
Since launching in Sydney in 2006, the chain of hobby game stores has grown to 29 locations across the country, as well as two in the United States. Board games have become popular enough over the past few years to earn shelf space in larger departmentstores, such as Kmart and Big W, but this doesn’t bother Chiu.
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