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Lord & Taylor Returns as E-Commerce Brand

VMS

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 brand promises exclusive collaborations, new merchandise assortments and a robust private label offering in the near future.

Returns 100
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Winning Windows Returns for 2021 Holiday Season: Nominations Now Open

Retail TouchPoints

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.

Returns 182
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Macy’s Thanksgiving Day Parade Returns

VMS

Though last year’s event was virtual due to the pandemic, department store Macy’s has announced that the public will be allowed to watch its venerable Thanksgiving Day parade work its way through Manhattan in person this year, according to NPR. All volunteers and staff are required to be vaccinated and will also wear face coverings.

Returns 78
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WeWork Partners with Saks on Co-Working Spaces

VMS

(Brampton, Canada), owner of Saks Fifth Avenue, is partnering with WeWork (New York) to open co-working spaces in former Saks department stores in the New York metro area, reports Inc. In return, We Work will run and staff the locations in return for a percentage of the revenue.

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What Does the Future Hold for Malls? Design Visionaries Share Their Predictions

Retail TouchPoints

Mardi Najafi, Figure3: We’ve seen a shift in priorities over the course of the last five years or so, with the decrease in traffic to big anchor tenants in the mall – namely department stores – partly due to their late pivot to a seamless, omnichannel approach. I think malls offering those amenities is very important.

Consumer 306
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The Art and Business of Christmas Windows in Retail

Retail Focus

This investment is more than just an expense; it’s a strategic decision that acknowledges the potential returns that come from the magic that is woven into these displays. Christmas windows, acting as the gateway to the store, set the stage for a memorable shopping journey. Christmas Windows Around the World!

Consumer 265
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Nordstrom Closes on $675 Million Bond Sale

VMS

Nordstrom (Seattle) has closed on $675 million of senior unsecured notes that will be used to cut the department store company’s interest expenses by $30 million, according to a press release. This is an important milestone in our return to targeted leverage ratios and an investment grade capital structure.”