Department Store news and archive

Galeries Lafayette opens first store in India

The historic French department store chain Galeries Lafayette is set to open its first store in the Indian financial hub of Mumbai this November. It aims to attract the growing middle class and affluent consumers interested in luxury goods. The department store will open in a historic district of Mumbai, spanning 8,400 square metres across five...

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The Breuninger case: the sale of Germany's last independent premium department store stalls

A year ago, rumours of Breuninger being up for sale surfaced. Since then, things have gone quiet. What could complicate a potential deal and which investors are even possible prospects? An analysis by Dirk Boventer, partner at the management consultancy Atreus. One year of sale intentions and no deal in sight Breuninger is considered one of the...

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Value-focused shoppers drive Q2 traffic at off-price retailers

Cost-conscious consumers continued to fuel momentum for US off-price chains in the second quarter, with Placer.ai data pointing to strong year-on-year traffic gains at TJX, Ross and Burlington ahead of their earnings releases. By contrast, department store operators Kohl’s and Macy’s saw notable declines, underscoring the bifurcation in consumer...

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Maje to expand Canadian presence through Holt Renfrew partnership

SMCP’s Maje is set to expand in Canada, where it is planning to open three new stores via a partnership with luxury department retailer Holt Renfrew. As reported by WWD, the French label is opening a shop-in-shop in Toronto’s Square One Mississauga mall on August 15. This will be followed by a location in downtown Calgary, Alberta, on August 22,...

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Topshop confirms French and Danish stockists

As Topshop continues its relaunch roll out, the fashion brand has slowly been unveiling how and where it will be showing up for customers. Following on from McElhinneys’ revelation that it will be stocking the brand from August 21, more third-party partners have now been revealed. In a statement to Drapers, Topshop confirmed that it would be...

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Marks & Spencer enters Australia through David Jones partnership

British retailer Marks & Spencer has debuted in Australia via a new partnership with local department store David Jones. The exclusive deal will initially see Marks & Spencer’s core lingerie and sleepwear range, including T-shirt bras, lace styles, shapewear and thermals, introduced to David Jones stores and its online website from July 14. The...

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Ana Luisa signs wholesale partnership with Nordstrom for nationwide rollout

Ana Luisa may be coming to a Nordstrom near you, as the direct-to-consumer jewelry brand has entered into a wholesale partnership with the US department store chain. The agreement sees Ana Luisa launch in 25 Nordstrom stores across the country, including locations in California, New Jersey, Florida, and Illinois. Ana Luisa's wholesale launch...

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H&M courts the premium market with Galeries Lafayette debut

H&M is pushing further into premium retail territory with the opening of a new shop-in-shop at Paris' Galeries Lafayette, one of Europe’s most symbolic department stores. The 63-square-metre corner features the brand’s 'Adorable' childrenswear line, a follow-up to its 2024 launch at Selfridges in London. Targeting more affluent consumers, the...

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Retail footfall divides as off-price gains and department stores tread water

As earnings season advances and retailers prepare to disclose Q1 results, a mixed picture is emerging from the U.S. apparel sector, with foot traffic patterns revealing the mounting tension between value-driven shopping and the waning allure of traditional department stores. According to newly released data from Placer.ai, high-street and...

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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...

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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...