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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 It is also testing automated, cashier-less convenience stores in several markets.

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Australia’s first domestic terminal department store to open next year

Inside Retail

Sydney Airport and Heinemann will jointly introduce Australia’s first domestic terminal “department store” concept next July at T2 and T3. Spanning 1765sqm in T2 and 506sqm in T3, the new retail space’s offerings range from apparel, accessories, watches, jewellery, perfumes, and wines to spirits.

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Department Stores – what does the future hold?

Retail Focus

The huge increase in online shopping over the past decade or so has had a major impact on department stores, with many consumers turning to Amazon, eBay and other online shops for shopping, rather than a more traditional trip out to a physical store. Changing culture of shopping.

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Vietnam’s Vincom shifts focus from expansion to upgrades

Inside Retail

The company attributes this partly to a shortage of high-quality supply to address a strong demand for high-quality space. per cent, with the Plaza format, which accounts for about two-thirds of its shopping centre portfolio, sitting at 81.1 The real engine of occupancy growth is likely to be the expansions of the latter.

Expansion 130
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Mango increases its presence in the UK with three store openings to reach almost 50 stores by 2022

Retail Focus

Mango, one of Europe’s leading fashion groups, is accelerating its expansion in the United Kingdom with the opening of three new stores this autumn to bring the total to almost 50 by 2022, combining its physical presence in shopping centres with standalone stores and corners in department stores.

Expansion 162
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Burdifilek creates "zen-like ambience" in Seoul shopping mall

Dezeen

Indoor trees, natural light and a sculptural 12-metre-high waterfall help to create a calming shopping experience inside the Hyundai Seoul department store in Seoul , with interiors designed by Canadian studio Burdifilek. This extends through the core of the building to funnel sun into the expansive floorplan.

Shopping 105
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Why tourists and big city flagships are key to Takashimaya’s recovery

Inside Retail

Japan’s Ministry of Economy, Trade and Industry said there were 210 department stores in Japan at the end of 2019 but attrition in the ensuing three years reduced that number to just 192 by the end of 2022. Both the Takashimaya and Tokyu stores were luxury-focused, and had been a fixture of their neighbourhoods for decades.