Hints and tips:
Related Special Reports
...The crisis-hit Signa Group sold half of its prized KaDeWe department store building for a fraction of the valuation listed in its books, raising doubts about how much the assets underpinning billions of...
...Walmart will raise the average salary for a store manager from $117,000 to $128,000 a year....
...But it has made first-party data, such as that collected by Walmart on the 255mn customers that visit its stores and websites each week, more valuable....
...Far from revealing the limitations of the department store business model, as claimed by Sam Jones (“Travails of luxury department stores reveal a story of decline”, Inside Business, February 2), the cases...
...Germany’s most famous department store, KaDeWe, has filed for insolvency....
...sam.jones@ft.com Letter in response to this column:Blame real estate owners for the woes of department stores / From Christopher Knee, Honorary Adviser, International Association of Department Stores, Paris...
...For Dollar Tree, the blockbuster deal to buy Family Dollar in 2015 was meant to give the discount retailer the heft to compete against market leaders Dollar General and Walmart....
...US department stores offer all kinds of perks to get customers to sign up for their branded credit cards at the register....
...Edwin Heathcote authors a jumbled argument in “Hollowed-out department stores can help the high street” (Opinion, February 17)....
...Meanwhile, Macy’s, the US department store chain, reported strong results on Thursday. Its shares closed up 5.7 per cent in New York....
...Kroger and Albertsons argue the deal is necessary for them to compete against retail giants such as Walmart and Amazon, and even dollar stores in the grocery space....
...“Someday,” he said, “all department stores will become museums, and all museums will become department stores.”...
...Between 2019 and 2022, sales from department stores’ private labels increased from 9 per cent to 16 per cent of turnover, according to the International Association of Department Stores....
...Macy’s is to close 20 per cent of its locations by the end of 2026, as the US department store chain implements a turnaround plan just a month after rejecting a $5.8bn takeover bid....
...Von Preen said that as many department stores as well as independent sports retailers had closed in recent years there was now “a vacuum” in physical store sports retailing....
...I walk into the store, I look at the gallon of milk and it costs 30 or 35 per cent more than it did two and a half years ago. And I think to myself, the dang world has gone crazy. And what’s next?...
...At Walmart, advertising is already a multibillion-dollar-a-year business....
...resumption of student loan repayments, increased credit card debt and reduced savings rates, have left them with less discretionary income, forcing them to make trade-offs in their family budgets Similarly, department-store...
...Non-store retailing, which includes online, contracted 1.5 per cent in March, while sales in department stores were down 3.8 per cent....
...Apart from being many times more profitable than Walmart, app stores have another advantage....
...Products were rolled out to a further 387 CVS stores in the first quarter of the new financial year in the US, and Walmart put through a chunky Christmas order....
...Target has restricted self-checkout to baskets of 10 items or fewer, and Walmart is limiting use of the machines in some stores....
...“We can carve the old department stores up into a much more effective and productive space.”...
...Attempts to address this — by charging for returns or forcing customers to bring back products to a physical store — risk alienating shoppers....
...ONS senior statistician Heather Bovill said the gains in some areas were “offset by falling food sales and in department stores where retailers say higher prices hit trading”....
International Edition