Retail TouchPoints

DECEMBER 16, 2022

Department stores saw a 2.9% decline, furniture and home furnishings stores reported a 2.6% increase in sales, while health and personal care stores saw a 0.7% The National Retail Federation (NRF) and Appriss Retail projected that the 2022 returns rate will remain at 16.5%, nearly even with the 16.6% Another 41.4%

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Inside Retail

JANUARY 18, 2023

Woolworth Holdings’ sale of the David Jones department-store business has cleared the way for the brands of its Country Road Group division to return to the shelves of Myer. The post Country Road brands to return to Myer after David Jones separation appeared first on Inside Retail.

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Retail TouchPoints

SEPTEMBER 29, 2021

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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Retail TouchPoints

MARCH 15, 2021

Lord & Taylor will return from bankruptcy as a digital-first retailer in April under its new owner Saadia Group, according to multiple sources. Known as the oldest department store in the U.S., Lord & Taylor has had a rocky couple of years.

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Returns Department Stores Apparel Finance 274

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.

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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.

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Inside Retail

NOVEMBER 9, 2021

In particular, the index showed strong rises in spending at department stores, electronic stores, hardware, family clothing, pet shops, household appliances and florists, and showed signs that many people are preparing for holiday events such as Christmas parties with an increase in spending intentions for clothing rentals and tailors.

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Inside Retail

SEPTEMBER 26, 2022

Department stores globally are adjusting their product offer to reflect rapid changes in the menswear category as the impact of the Covid-19 pandemic on the category wears off. But last year menswear rebounded to its pre-pandemic levels, reaching on average 14 per cent of total department-store sales.

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Inside Retail

NOVEMBER 22, 2022

Isetan-Mitsukoshi is a storied department store chain with 15 units in Japan, including five in the Tokyo metropolitan area. One of them, the Isetan flagship in Shinjuku, boasts the highest sales of any department store in Japan. Sales at Isetan-Mitsukoshi’s Tokyo metro stores are up 33.3 billion yen, or about $2.5

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Department Stores Boutique Accounting Returns 130

Inside Retail

AUGUST 28, 2022

Living in a building of historic importance gives one of the world’s pre-eminent luxury department store companies that extra little bit of cache — the trick now is to find ways of being a retailer of future importance, a stiff hurdle upon which so many department store companies are stumbling. Footfall was up 6.4%

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Inside Retail

JUNE 4, 2023

Myer’s CEO and MD John King has announced he will retire in the second half of the 2024 calendar year and return to the US. In an ASX announcement, the department store’s board thanked King for his “extraordinary contribution” and added that his decision to leave is based on “being with his family as their health circumstances demand.”

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Department Stores Specialty Retailers Returns Planning 264

Inside Retail

FEBRUARY 2, 2023

The biggest swing occurred in department store spending, which saw a 14.3 Especially in department stores, where the consumer appetite to spend appears to have fallen so dramatically between November and December? I think we’ll start to see a return to normality,” Mortimer told Inside Retail. “I

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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. The iconic retailer will go back to its SoHo roots with a five -week pop-up facilitated by beauty brand Hourglass.

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Retail Gazette

FEBRUARY 2, 2024

New John Lewis executive director Peter Ruis has promised customers he will make the department store special again. ” “Returning to the UK’s favourite department store is an extraordinary privilege. ” “Returning to the UK’s favourite department store is an extraordinary privilege.

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Department Stores Returns Planning ATS 105

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.

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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

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Inside Retail

FEBRUARY 12, 2023

An old TopShop store in north London’s Brent Cross shopping centre has been revived after two years of sitting empty since the fast fashion brand closed down. It’s now a vibrant pop-up department store selling pre-loved clothing organised collaboratively by 10 charities. We believe in the circular economy and the good pound.

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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. Net income for the 13 weeks ended Jan.

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Department Stores Returns Jewelry Apparel 209

Inside Retail

SEPTEMBER 13, 2023

Department store chain Myer delivered its highest full-year sales since 2005 this year but remains cautious as consumer spending declines due to unfavourable economic conditions. per cent of total sales – and a 10 per cent increase in productivity gains at physical stores. . Myer’s total sales grew 12.2 per cent to $3.36

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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.

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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

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Department Stores Telecommunications Planning Returns 264

Retail TouchPoints

MAY 6, 2021

In London, as shoppers return to storied Oxford and Spencer streets after long COVID-19 lockdowns, they’re being greeted by the sight of boarded-up windows and a $23.4 Yet as pundits ponder the death of the department store, the industry is racing to reimagine where and how it sells goods. In the U.S.,

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Retail TouchPoints

JANUARY 24, 2024

This retail renaissance is not just a return to traditional shopping spaces but also signifies a shift in the shoppers’ culture, expectations and behaviors. Major department stores are leaning toward repurposing and reskinning existing fixtures, saving costs and minimizing environmental impact.

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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. per cent increase is a case of under-promising and over-delivering, the department store CEO is taking the win as a sign of more growth to come. “We

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Department Stores Inventory Management Planning Returns 264

Inside Retail

JUNE 22, 2021

Luxury goods group LVMH unveiled on Monday the revamped La Samaritaine, a 150-year-old department store designed to help it grab a greater slice of tourist spending once pandemic travel curbs are eased. A view inside the revamped Samaritaine department store ahead of its reopening in Paris, France, June 21, 2021.

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Department Stores Clienteling Accessories Returns 230

Retail Gazette

JANUARY 11, 2024

John Lewis Partnership has hired one of its former directors, ex-Jigsaw boss Peter Ruis, to run its department store business. Ruis said: “It’s a great privilege to return to the John Lewis Partnership after 10 years. ” Click here to sign up to Retail Gazette‘s free daily email newsletter .”

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Department Stores Returns ATS 98

Retail Dive

JUNE 14, 2024

In addition to its Amazon partnership, the department store will now accept returns from brands like Carhartt, Hanes and Levi’s.

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Returns Department Stores 104

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.

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Inside Retail

OCTOBER 13, 2023

Adelaide Central Plaza at Rundle Mall will house Tag Heuer, Tiffany & Co, along with exclusive brands within the David Jones department store, the company said. Louis Vuitton will also open a pop-up store at Adelaide Central Plaza from October 13 to December 28.

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Department Stores Returns Shopping ATS 299

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. King will retire in the second half of FY24 and return to the US. per cent increase in sales to $3.4

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Department Stores Accounting Returns Planning 246

Inside Retail

MARCH 27, 2023

These figures came amid the important ‘ back to school’ trading period, as kids returned to in-person learning. But as we return to a more normalised world, the results [Peter Alexander] continue to deliver is fantastic,” he said. Absolutely] the return to the malls and high street is very consistent with other retailers,” Walker said.

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Department Stores Net Profit Returns Accessories 246

Retail TouchPoints

OCTOBER 12, 2021

The store window has always been prime real estate for brand storytelling, but this is especially true during the holiday season. That is why we plan to celebrate the creative professionals who master the art of window dressing once again with the design:retail Winning Windows awards program.

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Returns Specialty Retailers Department Stores Planning 176

Retail TouchPoints

SEPTEMBER 20, 2022

of the retailer’s stock by Mexican luxury department store Liverpool. The Nordstrom Board of Directors has adopted a one-year shareholder rights plan, a.k.a. a poison pill, following the purchase earlier this month of 9.9% The Liverpool stock purchase, valued at $293.8 The Nordstrom plan expires on Sept.

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Department Stores Returns Planning Marketing 259

Inside Retail

MARCH 14, 2024

King is now set to retire in June after successfully stabilising Myer’s sales, returning dividends to shareholders and the board’s announcement of its appointment of Olivia Wirth as its new executive chair, marking a new era for Myer.

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Department Stores Returns Advertising Planning 243

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.

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Department Stores Fashion Returns Planning 246

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%

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Retail TouchPoints

DECEMBER 10, 2024

To address this problem, Barington believes Macys should form a separate real estate subsidiary to optimize the value of its real estate portfolio as well as significantly reduce capital expenditures , following the example of its department store peer Dillards. (In

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