Barneys, Madison Avenue, New York. Department stores that were once the pinnacle of middle-class aspiration are losing out to discount shops and luxury retailers.
Department stores are collapsing. The internet is part of the problem, but so too is the hollowing out of the middle class.
The popularity of category killers explains in large part the stagnant sales and talk of store closures throughout the department store segment.
Big W store closures signal deeper problems for the discount department store sector.
Debenhams in Lavender Hill, London.
From grand designs to diving girls, department stores were once the star attractions of Britain's towns and cities.
Famous dome in Galeries Lafayette, Paris.
Glance at House of Fraser, John Lewis et al and you might think it's time to give up the ghost.
Woolworths has already announced it will open more smaller stores.
Several large retailers and supermarkets have announced they are going to downsize to smaller stores.
Myer’s place in the marketplace, and in the mind of the consumer, remains unclear.
What is lacking is Myer's heritage, and the need for this to be carefully reframed and updated for the present day.
Apple is considered a leader in designing “experience” stores. Some of their retail outlets in Manhattan have become tourist destinations.
Department stores and other brick-and-mortar retailers registered another lackluster holiday shopping season, while online sales have remained upbeat since Cyber Monday. As more consumers spend a larger…
David Jones plans to reinforce its position as a high-end retailer by downsizing stores and focusing on customer service.
The recent proclamation by David Jones CEO Paul Zahra that traditional department stores are likely to become smaller, fashion-focused and devoid of low-margin items reflects the various competitive influences…