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Does the Historic Makeover of an Iconic Paris Retailer Chart a Path for Department Stores’ Revival?

Retail TouchPoints

For more than 150 years, Parisian department store La Samaritaine has overlooked the banks of the Seine, a sweeping expanse of glass and intricately painted iron that proudly proclaimed the store’s position at the center of French commerce, both geographically and ideologically. No One Said Reincarnation Would be Easy.

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Amazon’s department stores to feature high-tech changing rooms

RetailWire

The department store concept Amazon.com is reportedly opening will include high-tech dressing rooms where clothes are brought to customers after they have scanned QR codes on items they’d like to try on.

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WSJ Report: Amazon And Simon In Talks To Turn Vacant Mall Anchors Into DCs

Retail TouchPoints

The article did not say how many locations were being discussed. According to CoStar data from Q1 2020, before JCPenney’s bankruptcy filing in May and its announcement of the pending closure of 242 stores , the retailer had a presence in 48% of all U.S. malls, taking up 6% of mall square footage.

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JCPenney to focus on core customers

RetailWire

Marc Rosen, the new CEO of JCPenney, is focusing the company on delighting its core customer base instead of engaging in a Quixotic attempt to gain new ones. The department store chain is focusing on customers with median household incomes between $50,000 and $75,000 who are looking for affordable clothing and items for their homes.

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Macy’s Must Learn That Bailing Doesn’t Fix The Hole

Steve Dennis

Earlier this month, as part of a previously disclosed three-year store closure plan, Macy’s announced it would shutter an additional 45 locations this year. Like most of its moderate department store brethren, Macy’s has gone from being a highly productive, traffic-driving mall anchor tenant to a long-suffering, chronic under-performer.

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Nordstrom is getting out of San Francisco

RetailWire

Nordstrom is closing its Nordstrom Rack store in San Francisco on July 1 and its namesake department store by the end of August. “Decisions like this are never easy, and this one has been especially difficult,” said Jamie Nordstrom, the retailer’s chief stores officer.

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My 2024 Retail Predictions: A Baker’s Dozen

Steve Dennis

I’ve been talking about “retail’s great bifurcation” for quite some time, in articles, within my keynote talks, and in my first book. Both flagship and destination stores are being invested in, as are smaller, neighborhood oriented formats, while department stores and commodity-oriented category killers retrench.

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