Department Store news and archive

Shoppers Stop shares slump as premiumisation fails to offset profit hit

The Indian multi-brand retailer Shoppers Stop has announced its financial results for the third quarter and nine months ended December 31, 2025. Despite a strategic shift towards high-end offerings and experiential retail, the company faced significant market pressure following the release of its latest earnings report. Shoppers Stop’s stock...

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A look inside Galeries Lafayette's first department store in India

The opening of this first Galeries Lafayette in India, developed as a franchise with Aditya Birla Fashion & Retail (ABFRL), a subsidiary of the global conglomerate Aditya Birla Group, was announced in October 2025. It is part of the Galeries Lafayette group's desire to establish itself as a leading destination to promote the French 'Art de...

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Shoppers Stop reports improved Q2 FY26 financial results

Shoppers Stop Ltd., a leading Indian department store, has announced its financial results for the second quarter of fiscal year 2026 (Q2 FY26), demonstrating sustained growth in its core business and new ventures despite macroeconomic challenges. The company reported consolidated net loss of 20.1 crore (2.29 million dollars) for the quarter...

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Galeries Lafayette opens first store in India

The historic French department store chain Galeries Lafayette is set to open its first store in the Indian financial hub of Mumbai this November. It aims to attract the growing middle class and affluent consumers interested in luxury goods. The department store will open in a historic district of Mumbai, spanning 8,400 square metres across five...

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The Breuninger case: the sale of Germany's last independent premium department store stalls

A year ago, rumours of Breuninger being up for sale surfaced. Since then, things have gone quiet. What could complicate a potential deal and which investors are even possible prospects? An analysis by Dirk Boventer, partner at the management consultancy Atreus. One year of sale intentions and no deal in sight Breuninger is considered one of the...

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Maje to expand Canadian presence through Holt Renfrew partnership

SMCP’s Maje is set to expand in Canada, where it is planning to open three new stores via a partnership with luxury department retailer Holt Renfrew. As reported by WWD, the French label is opening a shop-in-shop in Toronto’s Square One Mississauga mall on August 15. This will be followed by a location in downtown Calgary, Alberta, on August 22,...

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Topshop confirms French and Danish stockists

As Topshop continues its relaunch roll out, the fashion brand has slowly been unveiling how and where it will be showing up for customers. Following on from McElhinneys’ revelation that it will be stocking the brand from August 21, more third-party partners have now been revealed. In a statement to Drapers, Topshop confirmed that it would be...

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Marks & Spencer enters Australia through David Jones partnership

British retailer Marks & Spencer has debuted in Australia via a new partnership with local department store David Jones. The exclusive deal will initially see Marks & Spencer’s core lingerie and sleepwear range, including T-shirt bras, lace styles, shapewear and thermals, introduced to David Jones stores and its online website from July 14. The...

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Printemps to open New York concept store at One Wall Street

French luxury department store Printemps is preparing to open its first US location later this month, marking a bold departure from the traditional retail model. Set within the historic One Wall Street building, the store — opening on 21 March — will blend high fashion with hospitality, positioning itself as a lifestyle destination rather than a...

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Saks Global to layoff 5 percent of corporate workforce

Luxury department store Saks Global is believed to be laying off around 5 percent of its corporate workforce as it continues to merge its operations with Neiman Marcus. According to an internal memo sent to employees and seen by Bloomberg News, the layoffs will impact employees in the finance, legal and operations departments. Staff at Saks...

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Saks Fifth Avenue’s acquisition of Neiman Marcus could be the future of U.S. luxury retail

Saks Fifth Avenue’s recent acquisition of Neiman Marcus marks a pivotal shift in America’s competitive landscape of luxury retail. The creation of Saks Global as the parent company of both brands has immediately elevated its market presence, positioning it as the second-largest player in the luxury department store space by visit share. While...

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Galeries Lafayette's ambitious bet on the success of men's fashion

As the luxury sector experiences a post-pandemic slowdown, Galeries Lafayette in Paris is taking a decisive turn by focusing on men’s fashion as a lever for growth. This strategy responds to a growing global trend: the rise of men’s ready-to-wear. A strategic repositioning for men's fashion Galeries Lafayette was quick to see the growth...