Will Department Stores Be History By 2030?

RTP blog

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.

As Malls Reinvent Themselves, Department Stores Will Need to Rethink and Redesign

Retail TouchPoints

As the American mall undergoes a period of radical reinvention, department stores are being brought along for the ride. As department stores and retailers change, the central question is how do you bring people back ?” Department Stores’ Return to Their Roots.

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Who's the 'department store' now?

RetailDive

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' decade of decline

RetailDive

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

Can this year's department store recovery last?

Retail Dive

The sector is having a good holiday season after bouncing back this year as consumers refreshed their closets. But its problems haven't gone away

Is Bloomie's the future of department stores?

Retail Dive

The concept store may prove the company's agility and ability to bring in new audiences

Report: Selfridges Seeks $5.5B Sale as UK Department Stores Continue to Struggle

Retail TouchPoints

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.

The demise of the department store? Not so fast

Retail Dive

Department stores still have a strong value proposition, if only they can reimagine their experience, write Alvarez and Marsal's Mohit Mohal and Jonathan Sharp

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.

The strategy behind turning department stores into warehouses

RetailDive

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

Walmart's store redesign could spell more trouble for department stores

Retail Dive

The retail giant seems to be taking a page from Target's revamp, which in turn has embraced some of the best elements of old school merchandising

Why are department stores a target for e-commerce spinoffs?

Retail Dive

Those who've declared the Saks online-offline split a success now want the same for Macy's and Kohl's. Here's why they're vulnerable

Is Dillard’s setting the pace for mid-tier department stores?

Retail Dive

As rivals struggle to redefine the legacy model, the Southern chain has stuck with its founding family — and retail fundamentals

Amazon is getting into the department store business: WSJ

Retail Dive

The e-commerce giant has yet to conquer brick and mortar, but there may be a lot of opportunity to grab share using a model that has let itself go

Mexican department store buys a nearly 10 percent stake in Nordstrom

Retail Wire

Liverpool, the high-end department store chain, has acquired a 9.9 percent stake in Nordstrom. The Mexican company reported double-digit sales growth in the second quarter, which it attributed to its inventory management expertise, solid merchandising and higher prices.

Remember when Macy's was the one removing department store names?

Retail Dive

Now it's facing the unfortunate prospect of another retailer's logo splashed upon its hometown flagship, just in time for its famous Thanksgiving parade

Anchors, away: How department stores are ditching malls

RetailDive

A once mutually beneficial relationship is falling apart

How Macy's set out to conquer the department store business — and lost

Retail Dive

At the dawn of the 21st century, the 160-year-old retailer expanded amid the sector's steep decline. What now

Kohl's wants to transform from a department store into 'a focused lifestyle concept'

Retail Dive

The retailer will open 100 smaller, hyperlocal stores and grow its new Sephora shops into a $2 billion business. The activists on its case aren't impressed

The Future of Department Stores

Forrester's Customer Insights

The Department Store’s Bright Future Department Stores Can Enjoy a Bright Future. Department stores must change to survive and thrive fierce competition from brands’ direct to consumer initiatives. But the Department Store’s Bright Future depends on enticing customers through the […]. Synchronizing supply and demand to sell inventory at full price is one issue.

Department stores miss out on Fourth of July consumer attention

RetailDive

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

Sears to close the last department store in its home state

Retail Dive

The retailer's perpetual diminishment continues, with only a few dozen large-format stores left under its namesake and Kmart brands

Amazon to open its own department stores

Retail Wire

Amazon.com plans to open several large retail stores in California and Ohio that will offer many of the popular apparel, consumer electronics, household and other brands sold in major retail chains.

Amazon reportedly in talks with Simon on vacated department store spaces

RetailDive

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

Estée Lauder will close up to 15% of its stores, exit some department stores

RetailDive

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

Americans prefer buying their shoes in department stores

Retail Wire

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

Department stores struggle to make it through the pandemic

Retail Wire

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 store chain Belk thrives during the pandemic aided by ship-from-store capabilities supported by Logistyx Technologies

Retail Technology Review

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.

California bill would require gender neutral displays in department stores

Retail Wire

The California State Senate has passed a bill that, if also passed by the Assembly, would mandate that department stores in the state with 500 or more employees create gender neutral merchandising sections displaying a “a reasonable selection” of items “regardless of whether they have been traditionally marketed for either girls or for boys.”

Department Store Shares Are Up. Your Hopes Shouldn’t Be.

Steve Dennis

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.

U.S. department stores struggle to stand out

RetailWire

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.

Macy's, Neiman Marcus look to resume exec payments as department store woes continue

RetailDive

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

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

Retail Wire

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. Touchscreens located in dressing rooms may also recommend other choices based on items that customers have initially chosen. in-article

SaksWorks combines department store and co-working space

Retail Wire

Saks Fifth Avenue is adding co-working spaces to its department stores. The SaksWorks concept opened for the first time last month with space at the retailer’s flagship store in Midtown Manhattan and another on the site of a former Saks in the Financial District. The company is counting on New Yorkers who want a break from working in their tiny apartments to be attracted to space designed for them. in-article

New Uberall research shows struggling UK department stores are missing out on high street customers due to online ‘invisibility’

Retail Technology Review

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

Better is not the same as good for department stores stuck in the middle

Steve Dennis

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 aren’t going away, but 3 big things still need to happen

Steve Dennis

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.

Is this the beginning of a department store renaissance? Eh, not so much.

Steve Dennis

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 store quarterly performance: Better isn’t the same as good

Steve Dennis

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 focusing on what will sell for Christmas

RetailWire

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.