Department Store news and archive

Galeries Lafayette will open two stores in India

Galeries Lafayette announced on Thursday the confirmation of a partnership with the Indian group Aditya Birla to develop its presence in India, where the French group plans to open two stores in 2024 and 2025. In order to "pursue [its] international deployment strategy", the Galeries Lafayette have entered into an "exclusive partnership" with...

Nov 17, 2022

Report

Macy’s appoints SVP of Center Core and Beauty

US department store Macy’s has announced the appointment of Julie Walsh as its new senior vice president, general business manager of Center Core and Beauty. Currently, Walsh serves in the company as vice president, divisional business manager for fragrances. During this role, she was responsible for building the retailer’s fragrance...

Oct 18, 2022

Business

John Lewis to implement more circular solutions as part of new sustainability commitments

John Lewis has unveiled a string of refreshed sustainability commitments in its new report ‘Plan for Nature’, through which it said it is looking to double down on its pledges to protect and restore nature. In a release, the company, which also owns supermarket chain Waitrose, said it felt passionately about investing in nature restoration...

Oct 4, 2022

Retail

Claire’s expands Walmart partnership into additional stores

Claire’s has announced the expansion of its strategic partnership with Walmart, which will see the accessories retailer grow its presence throughout US stores. The retailer will be rolling out its accessories and jewellery offer to more than 1,200 additional Walmart locations. The expansion will see Claire’s become available in over 2,500...

Sep 20, 2022

Business

Macy’s outlines slew of ‘sustainable’ initiatives in new report

US department store chain Macy’s has revealed an update on its achievements towards its sustainability goals, outlined under the social purpose platform, ‘Mission Every One’. As part of the announcement, the group has detailed circular solutions and services it has implemented over the past few years as it begins to move towards becoming a more...

Sep 20, 2022

Retail

JCPenney to expand beauty offer to stores nationwide

Department store giant JCPenney has revealed it will be rolling out its JCPenney Beauty offer to stores nationwide, building on its 2021 debut and recent online expansion. It comes as part of the retailer’s relationship with beauty e-commerce platform Thirteen Lune, which will be spotlighted in JCPenney stores across the US and will make up...

Sep 20, 2022

Retail

Selfridges’ new owner reveals plans to develop and expand luxury store portfolio

Central Group, the new owners of department store Selfridges, has revealed plans to develop and expand on its luxury strategy over the coming years. The group oversees an international department store portfolio spanning 11 countries and 16 luxury flagships, including Germany’s KaDeWe, the Netherlands-based De Bijenkorf and Rinascente Rome...

Sep 9, 2022

Retail

Printemps to open first US-based store in New York

French luxury department store Printemps has announced the opening of its first US store on Wall Street, New York. It comes as part of the retailer’s ongoing brand transformation, which sees Printemps take on a different scale, local approach and a renewed focus on omnichannel experiences. Former Saint Laurent and Gucci exec Laura Lendrum has...

Sep 8, 2022

BusinessFeatured

Selfridges outlines ambitious new sustainability targets to ‘reinvent retail’

Luxury department store Selfridges has published its first annual ‘Project Earth’ report in which it has detailed a number of ambitious targets that it hopes will reinvent retail and steer its business towards a net-zero future. Its publication comes two years after the retailer launched its sustainability strategy Project Earth which initially...

Sep 2, 2022

RetailFeatured

According to the IADS, department stores must strengthen their environmental commitments

As they become more aware of climate issues, fashion retailers have undertaken a series of initiatives in recent years to help improve the situation. These are part of their Corporate Social Responsibility (CSR) commitments. While the efforts are to be welcomed, the International Association of Department Stores (IADS) now believes that...

Sep 1, 2022

Business

Selfridges buyer raises 750 million euros to support luxury real estate

Signa Prime Selection AG, the luxury real estate arm of Signa Holding Group, has reportedly raised 750 million euros in fresh equity as its billionaire founder Rene Benko and his co-investors look to double down on the European market. According to a statement for investors shared with Bloomberg, the firm has raised its capital by 12 percent....

Aug 26, 2022

Retail

Selfridges reveals slew of plans for year ahead

British luxury department store Selfridges has revealed a number of initiatives and plans for the coming AW22 season, including new designer collaborations and an expansion of its wellbeing services. In the retailer’s apparel department, it said it will be prioritising a message of innovation and inclusion, with a selection that spans from...

Jun 28, 2022