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Amazon to test department stores in offline expansion

Inside Retail

Amazon.com is to open several department stores in its home US market to test the concept as it continues to build out its multichannel business model. Department stores’ share of the overall US market has fallen from 14.5 Kohl’s may suffer, if only because Amazon is likely to favour locations similar to its own.

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Inside Shinsegae: The Korean department store with a golden boot

Inside Retail

Shinsegae — one of the Big 3 of Korean department store retailing along with Lotte and Hyundai — has continued its great form right through into the second half of the year, helped by the removal of the country’s remaining pandemic restrictions and an increasingly buoyant mood among the country’s more affluent consumers.

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From mini stores to the metaverse, will Macy’s new moves pay off?

Inside Retail

Macy’s has been stepping up to the plate with a series of new moves, from the expansion of its smaller-footprint stores, to a new digital fashion platform targeting younger shoppers. But while these initiatives sound promising, the question remains: can the department store chain truly adapt to the needs of the modern-day consumer?

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Macy’s store closures: a necessary step or the wrong move?

Inside Retail

This week, Macy’s announced plans to shut down 150 “underproductive” stores, more than one-fifth of its department store assemblage, over the next three years. In addition to the closures, Macy’s has also pledged to invest in approximately 350 locations and expand smaller storefronts. Where did Macy’s go wrong?

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Parfums de Marly enters APAC for the first time and settles in Sydney home

Inside Retail

The high perfumery now has six global flagships with plans to open another four locations within the APAC region over the next 12 months. Moreover, the location was flagged as having a lot of exposure to tourists and locals with its city centrality. By culture, we are a department store brand in the way we function.

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How L’Occitane’s Dr Vranjes Firenze aims to grow in Australia and beyond

Inside Retail

Dr Vranjes Firenze’s launch in the Australian market last December through a partnership with David Jones could be a sign of further global expansion to come, following L’Occitane Group’s recent acquisition of the luxury Italian home fragrance brand. Its work with premium Australian department store chain David Jones is an example of this.

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From Marrakech to Jakarta, Seoul, Europe and beyond: Bacha Coffee goes global

Inside Retail

Founded amidst the opulent settings of Marrakech’s Dar el Bacha palace in 1910, this Moroccan coffee brand has recently made waves with its ambitious expansion into new territories. Unique formats The Taipei location is unique in the sense that it offers a retail space, coffee bar and takeaway counter in the same area.