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The renowned Japanese department store, Isetan, recently ceased operations at its NEX shopping mall location in Singapore. The store, which had been in operation for 15 years, sold a wide range of items, including home goods, fashion, and beauty products. The…
The recent entry of Chinese budget retailer Shein into the flagship BHV in Paris has stirred up a political storm, adding to the ongoing struggles of department stores worldwide. These traditional retail outlets are grappling with the seismic shift of…
Employees at the BHV department store in Paris staged a demonstration on Friday to voice their disapproval of the recent decision by the store’s management to collaborate with fast-fashion retailer, Shein. The protest was triggered by the agreement to…
Decathlon Singapore is opening a new experience store in Orchard Rd, the brand’s fifth experience store in the city. Located at the Centrepoint shopping mall, Decathlon Orchard spans two floors, occupying a 3200sqm area. The store will feature some 5000…
A South Korean government-led retail sale festival designed to boost spending amid the coronavirus outbreak ended yesterday, with major department stores posting an increase in revenue on high demand for luxury goods. But discount store chains and traditional…
US department-store giant JC Penney filed for Chapter 11 bankruptcy protection on Friday night. But while the company may have cited Covid-19 pandemic as the main reason, the company has been in dire straits for years. The company, which operates about 850…
South Korean retail conglomerate Lotte is expanding its e-commerce offering with one-hour delivery grocery services, as part of a plan to double online sales by 2023. The rush grocery delivery service is paired with upgrades to the firm’s product…
South Korean department stores will no longer postpone their sales programs due to the coronavirus pandemic. In a move analysts say is aimed at restoring turnover as the coronavirus essentially comes under control in the country, stores are looking to restore…
Isetan Mitsukoshi is to close its 26-year-old Ebisu department store next year after failing to turn around mounting losses. The downtown Tokyo store will close in March or April and the company will redeploy all of its staff to other stores. The closure is…
Hyundai Department Store says it will launch an electronic receipt issuance service with the aim of “zero” paper receipts within three years. Electronic receipts will be issued in the form of the automatic issuance of receipts through mobile applications…
Indian department store chain Shoppers Stop has opened a new 33,000sqft outlet in Delhi. The store was designed by the Dubai office of Schwitzke & Partners to reflect the latest international trends in retail strategy. This includes aspects such as…
Department store chain Big W will close approximately 30 stores and two distribution centres over the next three years in an effort to create a more profitable and sustainable store network in a changing retail environment. This is less than the 60 store…
Sogo department stores parent Lifestyle International has reported a 50 per cent drop in net profit for last year, despite increased sales. While turnover rose 16 per cent to HK$4.36 billion (US$555 million), net profit fell to $1.69 billion ($215 million).…
In 2009, when former Myer CEO Bernie Brookes listed the department store on the Australian stock exchange, Myer was ranked as one of the top 10 most reputable companies in Australia. Today, of the 60 companies ranked on the Australian Corporate Reputation…
Department-store sales in Japan fell 1.4 per cent last month on a same-store basis because of weak clothing and food sales, reports the Japan Department Stores Association. Sales at 229 stores run by 80 companies totalled ¥547 billion (US$5 billion), says the…
Macy’s said the 68 store closures, which span the nation, are part of the 100 closings it announced in August. Of the 68, three were closed by the middle of 2016, 63 will close in the spring and two will be closed by the middle of 2017. Some employees may be…
