Department Store news and archive

Printemps to open New York concept store at One Wall Street

French luxury department store Printemps is preparing to open its first US location later this month, marking a bold departure from the traditional retail model. Set within the historic One Wall Street building, the store — opening on 21 March — will blend high fashion with hospitality, positioning itself as a lifestyle destination rather than a...

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Saks Global to layoff 5 percent of corporate workforce

Luxury department store Saks Global is believed to be laying off around 5 percent of its corporate workforce as it continues to merge its operations with Neiman Marcus. According to an internal memo sent to employees and seen by Bloomberg News, the layoffs will impact employees in the finance, legal and operations departments. Staff at Saks...

Retail

Saks Fifth Avenue’s acquisition of Neiman Marcus could be the future of U.S. luxury retail

Saks Fifth Avenue’s recent acquisition of Neiman Marcus marks a pivotal shift in America’s competitive landscape of luxury retail. The creation of Saks Global as the parent company of both brands has immediately elevated its market presence, positioning it as the second-largest player in the luxury department store space by visit share. While...

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Galeries Lafayette's ambitious bet on the success of men's fashion

As the luxury sector experiences a post-pandemic slowdown, Galeries Lafayette in Paris is taking a decisive turn by focusing on men’s fashion as a lever for growth. This strategy responds to a growing global trend: the rise of men’s ready-to-wear. A strategic repositioning for men's fashion Galeries Lafayette was quick to see the growth...

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New ranking unveils the best department stores in the world

Think back to the best department store experience you've ever had—what made it truly unforgettable? Was it the store’s location, its design, the variety of brands, or the customer service? Whatever the reason, department stores have always been at the heart of the shopping world, doubling up as must-visit landmarks and key destinations for a...

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Against all odds: Luxury records an unexpected performance at the end of the year

While the luxury sector has experienced some real turbulence this year, a study is shaking up the forecasts. According to the latest Saks Luxury Pulse survey, 82 percent of affluent consumers plan to increase their spending this holiday season. This almost unexpected burst of optimism offers new insights into the outlook for the sector. But what...

Retail

Swiss department store Manor modernizes its fashion departments

Manor is modernising its fashion range. The new fashion concept will be gradually introduced in twelve department stores over the next three years. The largest Swiss department store group is investing 50 million Swiss francs in the renovation. The modernized departments at the Basel and Lausanne locations will start at the end of October. The...

Retail

Selfridges partners with Criteo on sponsored product offering

Luxury department store Selfridges is set to introduce sponsored products among its offering as part of a new two-year partnership with commerce media company Criteo. Next to the introduction of sponsored products, Criteo will also be backing onsite display for Selfridges, and will allow for the creation of personalised experiences and...

Retail

Savage X Fenty teams up with Galeries Lafayette and arrives in France

As part of an ongoing international expansion strategy, Savage X Fenty, the lingerie brand founded by Rihanna, has chosen to partner with French department store Galeries Lafayette. Starting September 12, the deal allows the brand to be distributed in nine Galeries Lafayette stores across France, including stores in Marseille Prado, Béziers,...

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Macy's to shutter 150 stores, expand Bloomingdale's

America’s largest department store operator, Macy’s, announced on Tuesday it would close 150 of its stores as part of a strategic shift under new CEO Tony Spring. The company, facing challenges, will focus on expanding Bloomingdale’s, aiming to create a more modern Macy’s, Inc. The move is seen as an effort to enhance customer relationships...

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Casualisation of men’s wardrobe driving department store sales

Throughout recent seasons, certain shifts have been underway for menswear. Driven by the return to offices, the rise of “semi-formal wear” has taken precedence over the male wardrobe. It is a trend that has only been reaffirmed by the sector’s increased reliance on fluidity, the prominent demand for relaxed clothing and, of course, the ever...

Exploring physical retail: From pop-ups to multibrand and flagships

There are various types of physical stores, or so-called “brick and mortar” stores. For example, there are multibrand stores, monobrand stores, flagships, to name just a few. In this article, FashionUnited has created a list of all different types of physical stores, and what makes them special. You can choose to read the article from beginning...