Divestitures, restructuring: BHV and El Corte Inglés seek a second wind Europe In mid-June, El Corte Inglés department stores published annual results for the year ending February 2025. After deciding in April to abolish the executive committee,…
Printemps sets up in the U.S. against a backdrop of department store crisis Americas After beginning international expansion in 2022 in Doha (Qatar) with 40,000 sq.m, the Printemps group (21 department stores, confidential turnover) selected New York as the entry into the U.S.A.…
Alibaba sells Intime department stores and loses US$1.3 billion Asia On December 16, Alibaba Group (Q3 2024 sales: US$33.7 billion, up 5%) announced the sale of the department store subsidiary Intime,…
Department stores: How Myer went from 7% to 20.5% of online sales Asia Australia's largest department store retailer has turned the business around with a customer-focused strategy which delivers. At the World Retail Congress in Paris, C.C.O. Geoff Ikin shared the omnichannel and efficiency gains.
