Latest Intelligence on Department Stores

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Type Product title / description Pub Price
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Sainsbury's: moving beyond the recovery stage will prove challenging

Sainsbury's Q1 trading results, though below expectations, were rightly defended by its CEO Justin King, having seen the company deliver positive sales growth for the 14th consecutive month. However, with the highly successful 'making Sainsbury's great again' campaign now complete, taking Sainsbury's to the next phase, that of sustained growth, will be challenging in the current climate.

Published By Datamonitor
19 Jun 2008
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Saks Fifth Avenue continues to downsize its retail strategy

Upmarket department store operator Saks is set to close another Saks Fifth Avenue store, due to underperformance amid strong competition in the sector. The company's decision to focus on its smaller, cheaper OFF 5TH concept will help to achieve growth by attracting value conscious consumers. However, with several rival retailers following a similar strategy, competition is likely to remain strong.

Published By Datamonitor
18 Jan 2011
CommentWire
CommentWire

Saks: extending its grip on the luxury-for-less market

Saks has extended the reach of its discount operations by launching an online flash sale site, in a move which reflects the growing provision of discount luxury from US department stores. Verdict expects the platform to be successful given consumers' demand for value and the continued sales growth of existing flash sale sites, but Saks must be careful not to undermine its luxury proposition.

Published By Datamonitor
18 Aug 2011
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Saks: takeover bid on the cards

Investment group Baugur, which already has substantial investments in UK retailers, including the House of Fraser department store chain, has declared exploratory discussions with Milestone regarding a bid for the US department store business Saks. Their combined expertise offers higher growth potential for the business, although profits may take longer to achieve.

Published By Datamonitor
30 Oct 2007
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Sears Holdings: predicting weak Q2 results

Sears Holdings has forecast a decline in second quarter sales and profits. Kmart and Sears stores, the group's domestic divisions, produced negative like-for-like sales for the quarter ended August 4, 2007. The group also expects net income for the quarter will fall short of forecasts and be considerably lower than 2006. Going forward, Sears faces challenges growing both topline sales and profit.

Published By Datamonitor
15 Aug 2007
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Sears: CFO walks after just four months in job

The announcement of CFO Craig Monaghan's early departure from Chicago-based Sears Holdings offered no explanation and raises questions about the company's current strategy. Rather than focusing on generating cash, the business now needs to look at generating sales growth as well.

Published By Datamonitor
24 Jan 2007
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Sears: still lacking a strategy

The pressure on Sears continues to mount after the company announced a 48% collapse in fourth quarter profits. In a letter to shareholders, chairman Edward Lampert said that he is excited about the company's prospects and will examine the possibility of selling its exclusive brands through other retailers. Is his confidence a sign that Sears is turning a corner or is it merely misplaced optimism?

Published By Datamonitor
29 Feb 2008
CommentWire
CommentWire

Sears: store closures alone cannot halt the retail giant's decline

Sears has been unable to take advantage of increased consumer spending in the run up to Christmas, and has posted a decline in same-store sales. While the company has proposed store closures to minimize costs, its continued diminishing sales highlight more fundamental issues with its proposition, which need to be resolved swiftly before losing more customers and market share to competitors.

Published By Datamonitor
04 Jan 2012
CommentWire
CommentWire

Social media: US department stores reap the rewards

Department stores are leading the way in terms of e-commerce, m-commerce, and social media, according to a recent survey. This has allowed them to boost their top lines after years of declining sales, while also capturing the attention of younger target consumer segments. Verdict believes that comprehensive digital strategies such as these would benefit luxury and specialist retailers alike.

Published By Datamonitor
26 Aug 2011
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Spanish retail's long-term prospects outweigh current slump

The phase of Spain being one of the EU's fastest growing retail markets has come to an end. Consumer confidence is falling sharply, and borrowing, which fuelled the consumer boom, has become much harder to secure in the current credit crunch. However, there are a number of long-term prospects in the market's underdeveloped and fledgling sectors which offer prime growth opportunities.

Published By Datamonitor
16 May 2008

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