Can Department Stores Regain Their Relevance?

Can Department Stores Regain Their Relevance?

Can Department Stores Regain Their Relevance? | IntelliRetail.com

In the heyday of department stores, fashionable ladies flocked to luxury emporiums like Le Bon Marché, Bergdorf Goodman, Saks Fifth Avenue and Selfridges. Department stores were wondrous and bright communal playgrounds, places to socialise and explore the seemingly endless stock of goods, often from far-flung locales.

In the fight for consumer dollars, department stores have lost significant ground to monobrand stores, specialty retailers and e-commerce players. Can they regain their relevance?

Source: Reinventing The Department Store – BoF – The Business of Fashion


Rights to all content (text, images, videos etc.) with post source. If you think these are wrongly attributed email us




Related posts

Creating Engaged Brand Evangelists with Social Media

Creating Engaged Brand Evangelists with Social Media


Creating Engaged Brand Evangelists with Social Media

For nearly 10 years, social media has been in the spotlight and, at the same time, a thorn in the side of many companies. Retailers in particular are constantly reminded of social media’s influence. Instead of steeping themselves in expert tips and hacks, companies would be wise step back and remember what's at the core of the social interaction: Social platforms are merely tools for achieving a higher goal, which is creating an engaged customer base of brand evangelists. Source: Fashioning a Memorable Retail Experience That People Will Share - Yahoo Finance Rights to all content (text, images, videos etc.) with post source. If you think these are wrongly attributed email us

Is Your Retail Staff Ready For Digital

Is Your Retail Staff Ready For Digital


Is Your Retail Staff Ready For Digital

Retail staff in stores will have to change how they work as more shops begin to roll out digital solutions in their stores, leading directors in retail have said. As part of a seamless customer experience, retailers are trying to implement omnichannel solutions to tie up their online, mobile and in-store offerings. When digital solutions hit the shop floor, the existing shop assistants will have to be retrained and learn how to get the most out of the new tools, which may be complicated. Source: Retail staff will have to change as digital strategies take over Rights to all content (text, images, videos etc.) with post source. If you think these are wrongly attributed email us

Why Online Shopping Is A Nightmare For Retailers

Why Online Shopping Is A Nightmare For Retailers


Why Online Shopping Is A Nightmare For Retailers

Every major retailer is investing heavily in e-commerce and many are closing physical stores as more and more consumers shop online. It might sound like a money-saving move to shift more business online. But due to shipping and packaging costs, as well as higher rates of returns, some retailers end up losing money online - xosts can run as high as 25% of sales for retailers that outsource their e-commerce operations. Source: Why Online Shopping Is A Nightmare For Retailers | Business Insider India Rights to all content (text, images, videos etc.) with post source. If you think these are wrongly attributed email us

Leave a comment