Retail TouchPoints

AUGUST 22, 2024

It’s not a mirage; Barneys is returning to NYC, but only temporarily. It’s a symmetrical turnaround: the Hourglass brand debuted at the famed department store two decades ago. This is hardly the first revival for Barneys since its 2019 bankruptcy and subsequent acquisition by brand management firm Authentic Brands Group.

Returns 272

Returns Fashion Department Stores Brand Management 272

Inside Retail

MARCH 5, 2025

A year after the French luxury department store 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. Department stores havent had the best reputation the last few years.

Retail Marketing 130

Retail Marketing Department Stores Marketing Markdowns 130

Retail Focus

SEPTEMBER 15, 2021

The huge increase in online shopping over the past decade or so has had a major impact on department stores, 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.

Department Stores 162

Department Stores Outdoor Payment Services Shopping 162

Inside Retail

JULY 23, 2024

The long-anticipated deal between Saks Fifth Avenue and Neiman Marcus could create the ultimate department store behemoth at a time when legacy players are facing increased competition from luxury e-commerce companies and a new generation of high-end brands blending premium products with immersive experiences. billion deal.

Department Stores 130

Department Stores Specialty Retailers Wholesale Shopping 130

Retail TouchPoints

JULY 5, 2024

Marking the culmination of nearly seven years of on-again, off-again negotiations, HBC , parent company of Saks Fifth Avenue and Bergdorf Goodman , will acquire another storied luxury department store brand, Neiman Marcus , for $2.65 Current Saks.com CEO Marc Metrick will become Saks Global’s new CEO.

Department Stores 306

Department Stores Finance Supermarket Accounting 306

Inside Retail

NOVEMBER 4, 2024

Tough times “We’ve poured everything into it, given it every opportunity and it got to the point where it just couldn’t work,” Ross Poulakis, Harrolds Group’s managing director, told Inside Retail. The luxury retailers that are thriving have managed to find that sweet spot between their digital and physical offerings,” Gray said.

Clienteling 263

Clienteling Shopping Marketing Management 263

Inside Retail

SEPTEMBER 19, 2024

Myer saw a decline in net profit in the last fiscal year due to the underperformance of Sass&Bide, Marcs, and David Lawrence, inflationary pressures, and store closures. The department store chain’s net profit fell 26 per cent to $52.6 million as sales dipped 2.9 per cent to $3.27 million, which accounted for 21.6

Net Profit 264

Net Profit Department Stores Apparel Accounting 264

Retail TouchPoints

NOVEMBER 22, 2022

Beloved New York City off-price department store Century 21 has partnered with logistics provider Fillogic ahead of its spring 2023 relaunch. The NYC-headquartered Fillogic will support the retailer through ecommerce and store-based fulfillment, reverse logistics and returns, forward-staging of inventory and final-mile delivery.

Fulfillment 288

Fulfillment Payment Services Inventory Management Department Stores 288

Inside Retail

OCTOBER 12, 2021

Australian department store David Jones has become the latest retailer to sell pre-owned clothing following the announcement of its partnership with Sydney-based luxury reseller Blue Spinach last week. The post David Jones is the latest department store to embrace resale.

Department Stores 130

Department Stores Accessories Fashion Returns 130

Retail TouchPoints

FEBRUARY 23, 2021

Macy’s Q4 and full-year 2020 results show signs of a turnaround for the department store, hard hit, like many of its counterparts, by the COVID-19 pandemic. Macy’s has managed its liquidity with a benefit from working capital, while navigating the challenging environment with inventories declining 27% and cash of approximately $1.7

Department Stores 211

Department Stores Returns Jewelry Apparel 211

Inside Retail

NOVEMBER 9, 2023

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 department store preparing stock ahead of time to mitigate any logistical delays related to potential industrial action. per cent increase in total sales to $3.36

Department Stores 264

Department Stores Telecommunications Planning Returns 264

Retail TouchPoints

APRIL 4, 2022

JCPenney is celebrating its 120 th anniversary with a fresh campaign centered on retail’s return: “Shopping is Back!” By September, JCPenney began to report good news as it strengthened its technology and omnichannel leadership at the executive level.

Shopping 312

Shopping Department Stores Fulfillment Returns 312

Inside Retail

AUGUST 11, 2021

The fight for board control of department store Myer will be decided in the next few months, with the firm’s AGM likely to run in late October, but Solomon Lew’s major stake in the business could well be diluted by the time to vote. Department store sales up this year. million, up 5.5 per cent to $539 million.

Department Stores 246

Department Stores ATS Net Profit Returns 246

Inside Retail

FEBRUARY 8, 2024

Myer currently operates 56 department stores across Australia, as well as its online business and in-house brands including Sass and Bide, Marcs and David Lawrence. Our focus remains on seeking to drive further and sustainable cost efficiencies and inventory management,” he added. The report revealed that online sales were $390.1

Department Stores 264

Department Stores Inventory Management Planning Returns 264

Retail TouchPoints

SEPTEMBER 16, 2022

Mexican luxury department store Liverp o ol has reportedly taken a 9.9% Nordstrom reported a 12% sales increase for the quarter ended July 30, 2022 as customers updated their wardrobes and returned to events. passive stake in Nordstrom in a deal valued at $293.8 million , according to Reuters. Founder Bruce Nordstrom held a 15.9%

Inventory Management 246

Inventory Management Department Stores Returns Management 246

Retail TouchPoints

MARCH 2, 2021

In her previous role as CIO at IHG, Miller managed strategy, delivery, operations and security for more than 5,900 hotels in 100+ countries. Macy’s updated its “Polaris” growth strategy in late February 2021 as it announced better-than-expected Q4 2020 results, marking a return to profitability for the department store chain.

Payment Services 337

Payment Services Department Stores Planning Location 337

Inside Retail

AUGUST 7, 2023

Department store Myer says sales and profit are continuing to grow despite the challenging economic environment, with its online business continuing to strengthen. CEO John King said the business continues to “tightly” manage costs, inventory and cash to ensure a strong balance sheet as it begins its new calendar year.

Department Stores 246

Department Stores Accounting Returns Planning 246

Inside Retail

MARCH 27, 2023

Group chairman Solomon Lew has commended Premier Investment’s strong half year results, attributing standout performances to careful management and execution. These figures came amid the important ‘ back to school’ trading period, as kids returned to in-person learning. per cent compared to the first half of FY2022, to $174.3

Department Stores 246

Department Stores Net Profit Returns Accessories 246

Inside Retail

JUNE 2, 2021

Bunnings is looking to improve the customer experience for its trade customers with an expanded range of specialty products, tailored customer service desks in stores, dedicated self-checkout, load-and-go spaces and a fully transactional e-commerce site. Kmart, Target and Catch working smarter, not harder.

Department Stores 246

Department Stores Management Checkout Fulfillment 246

Retail TouchPoints

AUGUST 30, 2021

Retail rode strong into Q2 2021 as shoppers returned to stores even as digital sales remained elevated. Macy’s off-mall concepts such as Market by Macy’s can further scale the department store’s digital operations by attracting shoppers to stores in additional areas, according to Nikhil Mitter, Group Creative Director at R/GA.

Consumer 328

Consumer Fulfillment Department Stores Sporting Goods 328

Retail TouchPoints

JANUARY 9, 2023

The closures are part of the retailer’s Polaris growth strategy , which aims to stabilize the department store as it pursues a return to growth. The Polaris strategy, which involves a combination of customer, operations and store footprint-based initiatives, has had mixed success.

Department Stores 273

Department Stores Location Returns Fashion 273

Inside Retail

OCTOBER 20, 2024

billion last year, retail analyst and GlobalData managing director Neil Saunders told Inside Retail. It’s all about experience Selvane Mohandas du Ménil, the managing director of the International Association of Department Stores, said there are three main types of retailers that cater to the 1 per cent.

Apparel 130

Apparel Department Stores Clienteling Shopping 130

Retail TouchPoints

NOVEMBER 7, 2023

Common examples of ORC include when merchandise is stolen and returned for profit or sold through online auctions or in-person sales. Typically, ORC is reliant on a single entity, like an address, credit card or store account that connects a complex crime ring across retail stores.

Loss Prevention 297

Loss Prevention Shrinkage Returns Payment Services 297

Retail TouchPoints

JUNE 25, 2020

Macy’s will reduce its corporate and management headcount by approximately 3,900 people as part of a cost restructuring expected to save approximately $365 million in fiscal 2020 and $630 million on an annualized basis. The retailer expects that most of its furloughed employees will return to work beginning July 5.

Department Stores 232

Department Stores Finance Returns Management 232

Retail TouchPoints

JANUARY 26, 2022

Q&A with Alec Zaballero, Managing Executive/Studio Director, TPG Architecture. What does this look like in terms of design, and how does this differ from the traditional department store? In return, there is a higher bar for brand consistency, messaging and response.

Shopping 290

Shopping Department Stores Accounting Consumer 290

Inside Retail

JULY 5, 2021

The message of Heal Country is such an important one, and there is no better way to celebrate the message with all of our communities than through art,” Mirvac’s general manager of retail, Kelly Miller, said. Beauty education series returns to Highpoint. The store has a weighted average lease expiry of 10.5 per cent.

Department Stores 221

Department Stores Shopping Returns Fashion 221

Inside Retail

OCTOBER 19, 2021

Akeroyd has also held several senior fashion roles at London-based luxury department store Harrods. “I I am looking forward to returning to London where I first built my career in the luxury industry to join a talented team with ambitious plans for the future and a strong platform to accelerate growth,” Akeroyd said.

Department Stores 246

Department Stores Fashion Returns Planning 246

VMS

APRIL 20, 2021

Iconic department store brand Lord & Taylor, now owned by The Saadia Group (New York), will relaunch online as a “digial collective store”, according to a press release. The post Lord & Taylor Returns as E-Commerce Brand appeared first on Visual Merchandising and Store Design.

Returns 100

Returns Visual Merchandising Department Stores Management 100

Retail TouchPoints

JANUARY 20, 2022

In mid-2021 rumors also surfaced of plans for large-footprint department stores , although Amazon hasn’t formally announced anything along these lines. Amazon Style could be a first foray in the department store realm where the company could expand to other untouched categories at brick-and-mortar, such as homewares.

Payment Services 263

Payment Services Apparel Inventory Management Department Stores 263

Retail TouchPoints

SEPTEMBER 8, 2023

Just in time for New York Fashion Week, the iconic, now defunct luxury department store 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.

Fast Fashion 279

Fast Fashion ATS Fashion Department Stores 279

Inside Retail

JULY 19, 2022

The company currently has stores in New York and Los Angeles and also sells through partnerships with retailers including End, Matchesfashion, Browns Fashion and upscale department stores Selfridges and Harvey Nichols. .

Boutique 245

Boutique Department Stores Wholesale Fashion 245

Inside Retail

JANUARY 23, 2023

. “We do believe they will come back to the luxury sector in a heavy way, to catch up on what they couldn’t do in 2022,” said Caroline Reyl, head of premium brands at Pictet Asset Management, referring to Chinese consumers. Richemont missed market estimates after sales in China plunged by a quarter.

Returns 130

Returns Department Stores Fashion Marketing 130

365 Retail

SEPTEMBER 15, 2021

The huge increase in online shopping over the past decade or so has had a major impact on department stores, 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.

Department Stores 75

Department Stores Outdoor Payment Services Shopping 75

Inside Retail

MAY 16, 2023

Target US is making shopping easier for customers with the option to make product returns right from their cars at no extra cost. The new returns service is already available at over 500 stores across the US and is expected to reach all 2000 Target locations in the next few months. The post Target US aims to simplify returns.

Returns 130

Returns Drop-Shipping Customer Experience Shipping 130

Retail TouchPoints

APRIL 5, 2022

By managing all waste and recycling through Rubicon, Best Buy has diverted 78% of its waste away from landfills. Grocery and convenience stores, along with other food outlets, comprise this sector. This category includes department stores, specialty and softline brands. Grocery and convenience. Fashion apparel.

Merchant Services 272

Merchant Services Beauty and Health Returns Consumer 272

Retail TouchPoints

JANUARY 4, 2021

This new ability mimics the experience of engaging with a physical object more closely than 2D pictures, and it has been suggested this could not only drive sales and conversions but cut down on returns.

Merchant Services 317

Merchant Services Department Stores Shopping Management 317

Retail TouchPoints

MARCH 3, 2023

at Family Dollar stores, but even discounters are facing cautious consumer spending and employee pay raises that aren’t expected to pay off for some time. at Family Dollar stores, but even discounters are facing cautious consumer spending and employee pay raises that aren’t expected to pay off for some time.

Markdowns 311

Markdowns Operating Expenses Department Stores Planning 311