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Macys has emerged as the winning bidder for the exclusive rights to develop Julie Satows best-selling book, When Women Ran Fifth Avenue: Glamour and Power at the Dawn of American Fashion. Still, scripted television is a new realm for the departmentstore, and certainly not the kind of project that most retailers would take on.
days, on par with other departmentstores. One minor downside is that The Iconics chatbot struggles to answer whether return labels can be printed at the post office, and the returns policy doesnt clarify this either. days, with the homeware sector leading at four days and the beauty industry trailing at an average of 13 days.
The departmentstore chain noted incurring higher employee costs, higher support office costs related to a new marketing agency and a separate investment in transformation capabilities. Sales remained flat at $1.83 Its active customers grew 6 per cent to 4.6 million, and sales generated by Myer One members shared 79.1
Olivier Bron Bron brings more than 20 years’ of retail experience, most recently as CEO of Central Group’s Central and Robinson DepartmentStores in Thailand. Prior to that he served as COO and Director of Strategy for Galeries Lafayette in Paris, and earlier in his career he focused on retail transformation at Bain & Co.
The departmentstore chain booked sales of $1.59 per cent, impacted by the temporary closure of the Werribee store from February 14 to November 29. Its online store sales rose 2.8 Myer’s sales declined in the 22 weeks ended December 28 amid challenging trading conditions. billion, down 0.8
The top job at the pet retailer opened up following the departure earlier this month of J.K. His previous retail experience includes leadership positions at JCPenney, Payless ShoeSource, Home Shopping Network, May DepartmentStores and McKinsey & Co. Symancyk, who left PetSmart to lead Signet Jewelers. He is a U.S.
Siman Group , which operates 15 large departmentstores across Central America, has deployed an item-level RFID solution that has raised its inventory accuracy levels from the 65% to 70% range up to 95%. The solution also supports omnichannel offerings such as BOPIS by transforming how Siman tracks inventory across the chain.
After more than 20 years, Saks Fifth Avenue is cancelling the renowned holiday light show at its Fifth Avenue flagship store. Saks Fifth Avenue’s parent company, HBC , announced its plans to acquire competing luxury departmentstore Neiman Marcus in July 2024 for $2.65 Saks Continues Other Holiday Traditions on Fifth Ave.
billion, and departmentstores climbed 0.4 Household goods rose 3.3 per cent to $5.92 billion while food increased 3 per cent to $14.53 Cafes, restaurants, and takeaways grew 2.3 per cent to $5.48 billion, while clothing, footwear and accessories increased 1.7 per cent to $3.02 per cent to $1.91
. “Black Friday sales events proved once again to be a big hit, with widespread discounting and higher spending across all retail industries,” said Robert Ewing, head of business statistics at the Australian Bureau of Statistics (ABS). However, departmentstore sales fell 1.2 per cent to $3.07 per cent to $5.99
Norwegian family-owned watchmaker Urmaker Bjerke has opened Europe’s largest luxury watch house at Eger quarter in Promenaden, Oslo’s Fashion District. When we assumed management of the Promenaden portfolio, Eger was a struggling fashion-led departmentstore. Bjerke House, set over 2,965 sq.
per cent in the September quarter, marking the largest quarterly increase since the June quarter 2022, and that suggests that household consumption may be a little stronger in the September quarter than we’ve recently seen,” said Callam Pickering, Apac economist at Indeed. Meanwhile, departmentstores declined 0.2
-based companies, will take the storied luxury departmentstore private in an all-cash deal valued at approximately $6.25 Nordstrom and Liverpool have been financially involved since at least September 2022, when Liverpool took a 9.9% ownership of the company and 49.9% to Liverpool.
Located at Chadstone Shopping Centre in Melbourne, the 250sqm flagship offers Gentle Monster’s full range of product and experience to Australian consumers. The store features giant head kinetic objects highlighting the brand’s compelling visual narratives.
Macys has named Thomas Edwards as its new CFO and COO, effective June 22, 2025, as part of a realignment of the departmentstore retailers C-suite. Edwards, who brings nearly four decades of retail experience to the posts, currently holds the CFO and COO titles at Capri Holdings.
Australias departmentstores are at a crossroads. Competition has never been more fierce and while data from the Australian Bureau of Statistics showed an uptick in department-store sales in November, this is likely temporary with earlier months showing stagnation or decline. So how did we get here?
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. The parent company recently completed its US$2.7
Japanese departmentstore Matsuya has introduced a digital platform with a click-and-collect service including tax refunds in a bid to tap into the growth of international tourists. Features such as BOPIS (buy online, pick-up in-store) allow travelers to save time by pre-ordering and collecting items at their convenience.
The ‘other retailing’ category which includes cosmetics, sports, and recreational goods recorded the biggest increase at 5.5 per cent at cafes, 3.23 per cent atdepartmentstores, and 2.89 On Tuesday, the RBA announced it would keep the cash rate on hold at 4.1 per cent improvement.
At Home has named Jeff Evans as President and Chief Merchandising Officer, effective June 19. Evans has held senior leadership positions at Walmart for 15 years, most recently as EVP of Entertainment, Toys and Seasonal at Walmart U.S.
Macy’s Real Estate Worth as Much as $9 Billion The activist investors charge that Macys numerous previous attempts at a turnaround have led to limited sustainable improvements to the companys operating results. Since fiscal year 2018, Dillards has paid out 60% of its total cumulative cash sources to stockholders versus Macys at 25%.
It isnt just the chocolate itself thats at risk: the cost of the packing materials where the sweet stuff reposes is through the roof as well. Departmentstores, which have traditionally been one of the favourite retail go-to places for high-end chocolates, have had to think a little bit out of the box (or out of the square if you prefer).
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.
Shoppers would park on one side, entering the mall and passing smaller shops on their way to the large departmentstores. Creating a clear and engaging path from the moment someone arrives at their destination is crucial. Think of malls before the rise of online shopping. Modern stadiums can adopt the same strategy.
Boohoo is placing its bets that Finley , who has been calling the shots at Debenhams for the last two years, will be able to drive the same growth across the wider business. Finley, who will continue to run Debenhams in his new role, is no stranger to the world of ecommerce having spent a decade as group multichannel director at JD Sports.
Departmentstores may face large amounts of packaging materials, unsold goods and returned items, while ecommerce retailers often deal with higher volumes of cardboard boxes, bubble wrap and plastic packaging. Make sure to prioritize vendors that put sustainability at the forefront.
LaManna, the 10,000sqm independent supermarket located at Essendon Fields, is rising to the Christmas occasion. Typically, consumers seek out departmentstores and shopping centres to get in the holiday spirit but LaManna has managed to position itself as the exception.
Iconic denim lifestyle brand Levi’s has unveiled a unique storefront takeover – the largest of its kind in Europe – with premium London departmentstore celebrating the campaign launch of REIIMAGINE Chapter II, featuring global icon, Beyonc.
Meanwhile, former Cedar Brands CEO Warwick Blunt will assume the newly constructed role of GM for digital commerce at Myer in November. The departmentstore chain has yet to name the appointees for the newly created roles of GM of merchandise for beauty, accessories and services and GM of merchandise for women’s apparel.
In his first earnings cycle at the helm , Kohls new CEO Ashley Buchanan laid out his plan to turn around the embattled company, which has struggled for years to return to a position of strength while fending off activist investors. Sales were down at the departmentstore in both Q4 2024 and for the full year, both of which ended Feb.
In the competition for consumer dollars, stores remain a crucial part of a successful omnichannel strategy and there is significant opportunity in the current market for retailers looking to open stores and developers looking to reimagine spaces in fresh ways. Lets start by looking at the landscape.
Fashion designer Jonathan Koon has teamed up with the retail-focused metaverse world Highstreet to launch a “phygital” experience at Saks Fifth Avenue , Neiman Marcus , Selfridges and a number of other retailers that is designed to “transport shoppers into the metaverse.”.
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. Charity Super.Mkt will open at Bluewater on 28 th September, it will be located on the Lower Rose Gallery.
Alibaba had sold its Intime chain of departmentstores in December 2024 at a shareholder loss of $1.3 Alibaba plans to sell its stake to private equity firm DCP Capital even though the asset disposal will lead to a $1.8 billion loss for its shareholders.
FedEx Faces Off Against Amazon, UPS The inclusion of Kohls as a dropoff site for the new FedEx program comes as the departmentstore retailer, which has had a long-time partnership with Amazon to accept returns in its stores, has reportedly stopped accepting them in some locations.
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.
Moreover, the company delivers orders within the three-business-day window and keeps customers informed at every stage, from dispatch to delivery notifications and even follow-up emails post-delivery. Oz Hair & Beauty: Dispatch time faster than average for beauty segment Oz Hair & Beauty has a dispatch time of 1.3
Departmentstore sales increased 0.4 The post Retailers hope sales recover at Christmas after slow October growth appeared first on Inside Retail Australia. Australian Bureau of Statistics (ABS) data showed that retail turnover amounted to $35.77 billion during the month, up 1.2 per cent from the year-ago period.
A recurring theme at Day two of NRF’s Retail’s Big Show Asia in Singapore on Wednesday was clearly the understanding among retailers of the need to deliver a great customer experience to succeed. Within the stores Moet Hennessy is offering customers additional added-value services such as personalisation, customisations, and engraving.
Just in time for New York Fashion Week, the iconic, now defunct luxury departmentstore Barneys New York has made its return to fashion, albeit not in a way that many of the brand’s devotees would have imagined. Fast fashion retailer Forever 21 has released a limited-edition collection featuring the Barneys brand.
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?
At their very core, brick-and-mortar stores are meant to be the physical manifestation of a brand a distillation of its promise and the experience it aims to create for shoppers and associates alike.
At the iconic intersection of Broadway and 57 th Street, Nordstrom is launching Bode at The Corner, the first in a series of pop-ups and brand takeovers in a dedicated space at the Nordstrom NYC flagship.
When you look at other global companies, not many can say Australia is their fifth-largest market, so this is a unique place for us, and also I see a lot of future potential for Fiskars Group in the Australian market. If I jump to China, for example, we open a new store every month. Sustainability is at the core of everything we do.
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