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Tag: department

Harrods unveils its new design destination Interiors department

Harrods have unveiled a new Interiors department at their famous Knightsbridge store. For the first time, all home and furniture rooms are on one floor, with a focus on interior design and bespoke personalisation – creating a wonderland for design lovers. The transformation has created dedicated rooms for, Luxury Linens and Beds, Kitchen and Household …

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Macy’s tries to convince Wall Street America still needs department stores

Bruce Leighty | Photolibrary | Getty Images Macy’s is making the case to investors that it is still “America’s department store.” As the embattled retailer aims to get back to profitability and sales growth, it is meeting with investors Wednesday in New York to rally support for its turnaround plans. Among the key points it …

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Moody’s: Operating income of department stores in 2019 to be down about 20%

Another dismal year for U.S. department stores will accelerate change in 2020. That’s according to a new report from Moody’s Investors Service, which said that despite strength in most other sectors of the retail industry in 2019, department stores lost momentum in 2019, with operating income for the year projected to be down about 20%. …

Moody’s: Operating income of department stores in 2019 to be down about 20%Read More

Moody’s: Operating income of department stores in 2019 to be down about 20%

Another dismal year for U.S. department stores will accelerate change in 2020. That’s according to a new report from Moody’s Investors Service, which said that despite strength in most other sectors of the retail industry in 2019, department stores lost momentum in 2019, with operating income for the year projected to be down about 20%. …

Moody’s: Operating income of department stores in 2019 to be down about 20%Read More

Beales department store chain close to collapse | Business

The department store chain Beales is on the brink of collapse and must find a buyer within days, with about 1,000 jobs at risk if the historic retailer does not complete a rescue deal. Beales, which began trading in Bournemouth in 1881, has filed notice of its intention to appoint administrators, as the retailer considers …

Beales department store chain close to collapse | BusinessRead More

Harrods unveils new state-of-the-art Technology department

Harrods has opened its new state-of-the-art Technology department, offering shoppers a unique retail experience in a 30,000 sq. ft space. In one of the biggest transformations in the store’s 185-year history, the department has grown by nearly 80 per cent, moving from the Third to the Fifth Floor to occupy 11 rooms, making it one …

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How department stores lost their clout in the beauty industry

Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images In the beauty business, there’s been a changing of the guard over the past decade. Social media has bolstered the success of specialty stores and cultivated a number of billion-dollar upstart beauty brands that are going …

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Manchester’s NOMA neighbourhood hosts artisan pop-up department store and ‘edible’ Christmas tree

NOMA, the 20-acre mixed-use neighbourhood in Manchester city centre, is drawing in crowds with its ‘edible’ Christmas tree and pop-up department store focused exclusively on UK brands offering artisan and handcrafted goods. The ‘edible’ Christmas tree, which grows seasonal herbs such rosemary, thyme and sage, was designed by creative consultancy Standard Practice and design studio …

Manchester’s NOMA neighbourhood hosts artisan pop-up department store and ‘edible’ Christmas treeRead More

Black Friday is losing its clout, more bad news for department stores

Black Friday isn’t quite the deal frenzy it used to be. Retailers have been touting bargains for weeks. With more shopping moving online, it has only become easier to compare prices, and so the lure of doorbuster deals is losing its grip on shoppers. That only means more bad news for a group of retailers …

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Department store chain cuts stock, boost sales

Australian department store retailer Myer is transforming its entire merchandise planning operation. Seeking to deliver more compelling products to its customers, Myer is leveraging several cloud-based Oracle Retail solutions across its 61-store footprint. By transforming its end-to-end merchandise systems, inventory processes, and planning capabilities, the retailer has been able to reduce stock and markdowns while …

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