department

Retail Asia01/09/2020

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 products spanning more than 50 sports. In the new Decathlon Singapore experience store, customers will […]

Retail Asia14/07/2020

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 markets did not see sales rise as much as expected, due mainly to the compulsory closure of […]

Retail Asia19/05/2020

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 stores anchoring shopping malls all over the US, has the support of 70 […]

Retail Asia30/04/2020

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 recommendations system in a move to attract higher volumes of online purchases in a market increasingly […]

Retail Asia03/04/2020

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 volumes which plunged last month. Top department stores are under pressure to clear seasonal […]

Retail Asia27/03/2020

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 the latest in a long string for the troubled retailer which […]

Retail Asia20/01/2020

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 instead of paper receipts when purchasing goods. Last year, about 160 million paper receipts were issued […]

Retail Asia14/10/2019

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 merchandise presentation, customer movement and navigation, and department adjacency. Having expanded operations to more than […]

Retail Asia11/04/2019

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 closures that Macquarie Wealth Management predicted in a report last month, before Big […]

Retail Asia08/03/2019

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). However, the company explained the fall was largely due to comparison with 2017 when […]

Retail Asia20/04/2018

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 Index, it is ranked 45th. The Reputation Institute’s Index, the 2018 edition of […]

Retail Asia25/08/2017

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 association. Sales decreased as most of the stores had moved their summer sale […]

Retail Asia09/01/2017

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 offered positions at nearby […]

Tag: department

Decathlon store replaces old Metro at Singapore’s Orchard Rd

Sales growth disappoints South Korean department store operators

JC Penney collapses into Chapter 11

Lotte forecasts to double e-commerce sales by 2023

South Korean department stores restore sales campaigns

Isetan Mitsukoshi closing down Ebisu department store

Hyundai Department Store aims to eliminate paper receipts

Shoppers Stop reveals new store concept in Delhi

Big W to shut down 30 stores over 3 years

Sogo department stores see strong sales growth

Myer’s reputation suffers and on the way back

Japan department stores see sales ease

Macy’s to close stores, cut jobs amid weak sales