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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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A-COLD-WALL* Lotte Department Store, Jamsil, Seoul set to launch

Retail Focus

A-COLD-WALL* has announced the launch of a second Seoul concept store-in-store this month. Following the opening of a bold and distinctly industrial space inside the world-renowned Hyundai COEX, the brand unveils yet another site in the Korean capital, this time located in the famed Lotte Department Store, Jamsil.

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Harvey Nichols Hong Kong launches world-first NFT retail space

Inside Retail

Harvey Nichols has introduced the world’s first blue-chip non-fungible tokens (NFT) retail concept space located inside a luxury department store dubbed ‘HN NFT Vault’ at the retailer’s Pacific Place store in Hong Kong.

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Showfields and the bankruptcy of the ‘most interesting store in the world’

Inside Retail

Showfields closed its Miami and New York City locations in July and September, respectively. It has three remaining bricks-and-mortar locations, in Los Angeles, Washington DC, and Brooklyn. The Brooklyn store will be expanded by 2,500 sq feet, to 14,000 sq feet, to accommodate brands relocating from the two stores that closed.

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US mall giant Simon’s latest results reveal four issues facing the sector

Inside Retail

Real estate investment trusts like Simon usually prefer to emphasise not net income, but rather a non-GAAP concept, funds from operations (FFO), which grew by a more anaemic 1.1 One of the key issues facing Simon and other mall operators is that they are still joined at the hip to department store anchors. per cent, to US$451.8

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Is Korea’s Arte Museum the future of experiential retail?

Inside Retail

Arte Museum will occupy approximately 4,750sqm of space that was vacated by Arclight Cinemas when it closed in 2020. The space is the upper level of a three-level empty box, the two levels below having been left by upscale department store Bloomingdales , which closed in March 2021.

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An outdoor park and walking track: Inside Aeon’s latest mall in Cambodia

Inside Retail

The location of the new mall ensures that Aeon gets a slice of the booming and until recently under-retailed southern section of Phnom Penh strung out along the north-south-running Hun Sen Boulevard. Cars are accommodated with 3,200 spaces, and motorbikes — the staple of transport for Cambodians — with 1,850.

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