Retail TouchPoints

JULY 17, 2019

The report that Barneys New York is examining strategic alternatives that could include a bankruptcy or sale is the latest indicator that department stores — even the luxury ones — just aren’t moving the needle for shoppers. The RTP editors share their opinions on the future of department stores and what they will look like over the next decade. With that said, it’s obvious changes need to be made if these retailers want their remaining stores to matter.

Department Stores 150

Department Stores Specialty Retailers Demo Social Media 150

retaildive

MARCH 15, 2021

Big boxes, specialty stores and discounters have stolen share from department stores for years. Now some, most notably Target, are stealing their merchandising playbook too

Department Stores 89

Department Stores 89

Retail Touch

JULY 27, 2021

Selfridges ’ owners have launched a formal auction to sell the department store chain, which has been valued as high as £4 billion ( $5.5 A successful deal could see two of the UK’s most historic department stores coming together under a single owner.

Department Stores 72

Department Stores Fashion Other Operations 72

retaildive

OCTOBER 7, 2020

The coronavirus pandemic has worsened an existential crisis that deepened over the last 10 years

Department Stores 95

Department Stores 95

retaildive

AUGUST 19, 2020

Rumors are circulating about Amazon converting vacant department store space into fulfillment centers — a move experts say would round out its omnichannel approach

Department Stores 84

Department Stores Omnichannel Fulfillment 84

retaildive

NOVEMBER 12, 2020

A once mutually beneficial relationship is falling apart

Department Stores 76

Department Stores 76

Retail Wire

APRIL 22, 2021

Americans continue to turn to department stores like Macy’s and Nordstrom when they need to buy non-athletic shoes.

Department Stores 52

Department Stores Consumer 52

Retail Wire

APRIL 16, 2021

Nearly 200 department stores have been shuttered over the past year and another 800 are forecast for the same fate by the end of 2025, according to Green Street Advisors.

Department Stores 52

Department Stores 52

retaildive

JULY 7, 2020

Specialty retailers, while giving off-price retailers a run for their money, leaned on promotions to sway shoppers, according to Wedbush analysts

Department Stores 67

Department Stores Specialty Retailers Consumer 67

retaildive

AUGUST 21, 2020

The beauty giant announced a pandemic-related restructuring plan that shifts its priorities toward digital and away from unproductive locations

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Department Stores 99

RetailWire

AUGUST 4, 2020

Department stores in Japan and the UK are able to carve out a clear niche that drives shopper traffic while many of their counterparts are teetering on the edge of extinction. department stores are too stale and slow The U.S. players haven’t been able to replicate the same type of excitement and pizazz,” said Craig Johnson, president of Customer Growth Partners.

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Department Stores Customer 40

retaildive

AUGUST 10, 2020

The e-commerce giant is eyeing mall properties for fulfillment centers, according to a Wall Street Journal report

Department Stores 73

Department Stores Fulfillment 73

Steve Dennis

JANUARY 4, 2018

Amidst reports that holiday spending was up nearly 4.9% , some optimism about the American moderate department store sector has started to creep back in. Tighter inventories, store closings and other expense reductions should lead to year-over-year profit improvements. As I pointed out several months ago , at least two major things must happen before any optimism about the prospects of any of the middle market department store brands is warranted.

Department Stores 67

Department Stores Workshop Games Supplies 67

Retail Technology Review

APRIL 20, 2021

US department store Belk thrived as e-commerce orders surged during the pandemic by having ship-from-store order fulfilment facilities already in place across its 291 store locations with the help of parcel shipping software from Logistyx Technologies.

Department Stores 70

Department Stores Fulfillment Shipping Technology 70

retaildive

JULY 17, 2020

One has already reinstated equity bonuses while the other is under scrutiny in bankruptcy for its cash bonus plan

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Department Stores Payments Other 64

RetailWire

DECEMBER 7, 2020

The department store chain is counting on gifting, including the kind whereby customers buy things for themselves, to drive its business in what has been an extremely difficult year Fragrance and jewelry are among the categories that Marc Metrick, president and CEO of Saks, says are selling.

Department Stores 40

Department Stores Jewelry Gifts Customer 40

RetailWire

JULY 6, 2020

Mall operators have long counted on anchors, typically department stores, to attract shoppers who also visit other retailers and restaurants on their visits. With a growing number of department stores closing locations or going out of business altogether, malls are having to quickly adapt if they want to survive. A report by Coresight Research says up to 25 percent of the nation’s malls are currently or will be in financial jeopardy in the near future

Department Stores 40

Department Stores Operations Other 40

Steve Dennis

MARCH 11, 2018

department stores reported earnings recently, a certain level of ebullience took hold. And in the otherworldliness that is the stock market, Nordstrom — the only department store with a truly distinctive value proposition and objectively good results — traded down on its failure to live up to expectations. Second, and more importantly, we cannot escape the fact that mid-priced department stores in the U.S. As most U.S.

Department Stores 74

Department Stores Apparel Fashion Improvements 74

Steve Dennis

NOVEMBER 4, 2017

It’s been a long, slow slide for department stores. In addition, Sycamore looks to be picking at the carcass of Bon-Ton Stores and Lord & Taylor is selling its iconic Manhattan flagship to WeWork. For many, this unrelenting parade of bad news leads them to believe that department stores are toast. But just as the retail apocalypse narrative is nonsense , so is the notion that department stores are going away.

Department Stores 74

Department Stores Accessories Apparel Omnichannel 74

Steve Dennis

MAY 29, 2018

Then Kohl’s followed up with a similarly surprising upside report that led some to conclude that maybe, just maybe, the long-beleaguered department store sector might be seeing a resurgence or—dare we say it out loud?—the Without this shift, same-store sales would have increased only about 1.7% Penney and Sears ( and now Bon-Ton ) have been leaking volume through store closings and comparable store sales declines.

Department Stores 70

Department Stores Workshop Accessories Games 70

Steve Dennis

AUGUST 16, 2017

Last week we had five major department stores report their quarterly earnings: Macy’s , Kohl’s , Nordstrom , Dillard’s and JCPenney. The main reason is that department stores failed to innovate. There is no fundamental reason why any given department store cannot not have a viable operation with hundreds of physical locations, particularly when we realize that some 80% of all products in core department store categories are purchased offline.

Department Stores 73

Department Stores Consumer Supplies Channel 73

Sailthru

SEPTEMBER 11, 2018

When it comes to department stores and marketplace retailers, digital truly is the divide. It’s easy for department stores to get caught up in Shiny Object Syndrome, ignoring the fundamentals in favor of the bells and whistles like smart fitting rooms and augmented reality displays. Traditional department stores are improving their ecommerce offerings.

Department Stores 60

Department Stores Jewelry Download Mobile 60

RetailWire

MARCH 23, 2021

The Retail, Wholesale and Department Store Union, which has about 100,000 members, including workers at Bloomingdale’s and Macy’s, is attempting to organize an Amazon.com warehouse in Alabama. If successful, it would build on the success the union has had in recent years organizing workers from so-called right to work states primarily in the Southeast

Department Stores 40

Department Stores 40

RetailWire

DECEMBER 1, 2020

Moderate-income Americans shopped at department stores for decades, but that changed as income disparity hollowed out the nation’s middle class. The result has been record numbers of department store closures in recent years with the number of stores falling from 8,600 in 2011 to 6,000 today. The number of people employed by department stores has fallen to fewer than 700,000 today, down from more than 1.2

Department Stores 40

Department Stores 40

Retail Technology Review

OCTOBER 1, 2018

Uberall, the Berlin-headquartered location marketing technology specialist, has announced the findings of its research into the accuracy of online location search results of the UK’s largest department stores. Critical Issues Internet Retailing

Department Stores 81

Department Stores Technology Marketing Customer 81

RetailWire

JUNE 25, 2020

The city’s retailers are looking to rebound after having to close stores in March due to the coronavirus pandemic and many already know that business will continue to be down as the millions of tourists that typically come to New York each year is severely affected by the COVID-19 outbreak There are deals to be had for customers wearing masks that go shopping at Nordstrom, Saks Fifth Avenue and Tiffany in Manhattan.

Department Stores 40

Department Stores Customer 40

Bamboo Rose

APRIL 5, 2018

Department stores have notoriously long, complex supply chains – take it from a leading specialty retailer with more than 30 brands offered in-store and online. The store’s brands, which should act as a cohesive unit, were acting independently of each other and using disparate systems to manage their supply chain processes. The post Leading department store chooses Bamboo Rose to revamp its backend appeared first on Bamboo Rose.

Department Stores 20

Department Stores Specialty Retailers Supplies Management 20

Retail Touch

APRIL 9, 2021

rejected the opportunity to join the Retail, Wholesale and Department Store ( RWDSU ) union. Fulfillment & Last Mile News Briefs Supply Chain & Sourcing Workforce & Scheduling Amazon Incumetrics retail wholesale and department store union

Fulfillment 73

Fulfillment Department Stores Blog Other 73

Retail Touch

MAY 4, 2021

Family-owned department store chain Boscov’s is upgrading its ecommerce ecosystem through an expanded partnership with unified commerce platform Kibo. Currently marking its 107th anniversary, Boscov’s operates 48 department stores in the Northeast and Mid-Atlantic.

Department Stores 56

Department Stores Technology Operations Customer Experience 56

Retail Touch

JUNE 16, 2021

Hudson’s Bay is betting that attracting younger Gen Z and millennial shoppers will be essential for staying relevant and reinventing the department store category.

Fashion 56

Fashion Department Stores Consumer Other 56

Retail Touch

FEBRUARY 23, 2021

Macy’s Q4 and full-year 2020 results show signs of a turnaround for the department store, hard hit, like many of its counterparts, by the COVID-19 pandemic.

Department Stores 73

Department Stores Apparel Jewelry Fashion 73

Retail TouchPoints

JUNE 22, 2017

Nike has forged a strong direct-to-consumer (DTC) push, aiming to cut product creation cycle times in half and uniting its web site, stores and digital products under a single team called Nike Direct. If Nike — one of America’s most influential brands over the past three decades — is willing to make this jump, then it’s certainly an option retailers should take seriously, especially if their in-store or online channels aren’t selling up to par.

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Sporting Goods Department Stores Apparel Channel 150

Retail TouchPoints

MARCH 22, 2017

Macy’s incoming CEO Jeff Gennette revealed at the Bank of America Merrill Lynch Consumer & Retail Technology Conference last week that the department store plans on making significant changes to its struggling brick-and-mortar presence. I personally have visited a store transformed from Macy’s to Macy’s Backstage and I was severely disappointed and unimpressed. Recently, this same store was slashed in half.

Department Stores 150

Department Stores Banking Other Technology 150

Retail Touch

APRIL 1, 2021

Depending on the outcome from a month of mail-in voting that ended March 30, approximately 5,800 workers at the facility, BHM1, could gain the right to join the Retail, Wholesale and Department Store (RWDSU) union. An Amazon fulfillment center in Bessemer, Ala.

Consumer 64

Consumer Department Stores Magazine Management 64

Retail Dive

JULY 12, 2021

Department stores used to drive traffic, but now they're just a drag

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Department Stores 98

Retail Touch

JANUARY 20, 2021

Iconic luxury retailer Barneys New York has been brought back to life inside Saks Fifth Avenue ’s New York City flagship via a new department experience called Barneys at Saks. A standalone Barneys at Saks store will open on Jan. The In-Store Department Designed for Discovery.

Department Stores 71

Department Stores Fashion Accessories Social Media 71

Retail Touch

OCTOBER 1, 2020

Nordstrom has launched BEAUTYCYCLE, a recycling program that allows customers to bring their empty beauty product packaging to any of the retailer’s full-line stores or Nordstrom Local service hubs in the continental U.S.

Accessories 70

Accessories Department Stores Management Customer Experience 70