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Myer’s net profit tumbles as labour, marketing costs increase

Inside Retail

The department store chain noted incurring higher employee costs, higher support office costs related to a new marketing agency and a separate investment in transformation capabilities. billion, attributed to mixed trading conditions, store closures, and Myer Exclusive Brands stock trapped at its national distribution centre.

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Macy’s to Adapt Best-Seller About Department Store Icons into TV Series

Retail TouchPoints

The deal was spearheaded by Macys Chief Marketing Officer Sharon Otterman and is seen by the company as a continuation of its long-time presence in the live entertainment space, with events like the Macys Thanksgiving Day Paradeand Macys 4th of July Fireworks.

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Experts discuss Printemps’ chance of success in the US retail market

Inside Retail

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.

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Steve Madden Buys Kurt Geiger for $364.1 Million

Retail TouchPoints

store last month , with another five in development and plans to eventually operate 50 locations in the region. Additionally, Kurt Geiger operates footwear concessions inside luxury and premium department stores in the UK, including Harrods and Selfridges , where it sells both its own and third-party brands.

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Europe’s largest luxury watch house opens in Promenaden, Oslo’s Fashion District

Retail Focus

This includes significant investment into Steen & Strøm (S&S) shopping centre, the world’s oldest continuously running department store and anchor of the Promenaden portfolio, to diversify the store’s product and service offerings, as well as enhance its provision of experience-led shopping experiences.

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Does the Historic Makeover of an Iconic Paris Retailer Chart a Path for Department Stores’ Revival?

Retail TouchPoints

For more than 150 years, Parisian department store La Samaritaine has overlooked the banks of the Seine, a sweeping expanse of glass and intricately painted iron that proudly proclaimed the store’s position at the center of French commerce, both geographically and ideologically.

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In-Store Retail Media Flexes to Move Beyond Digital Screens

Retail TouchPoints

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. Andrew Lipsman, Founder and Chief Analyst of the consultancy Media, Ads + Commerce, calls physical stores the next major media channel.