Latest Intelligence on Department Stores in North America

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Type Product title / description Pub Price
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Department stores: see brighter future as growth rate doubles

Department store retailing, a concept that seemed to be heading for terminal decline globally only a few years ago, now has a brighter future. Following a period of consolidation, investment and expansion in both mature markets and fast developing economies have given a new lease of life to the sector. Verdict Research forecasts that this sector's growth rate will double over the next five years.

Published By Datamonitor
09 Nov 2007
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JCPenney hoping to take spend with private labels

At an analysts' update, JCPenney's management confirmed that, in response to the uncertain economic climate, the retailer was reducing capital expenditure to focus on driving sales and margin with private labels. With shoppers increasingly selective in their spending, JCPenney wants to ensure that it takes preference over competitors when they do spend on the high street.

Published By Datamonitor
21 Apr 2008
CommentWire
CommentWire

Jones Apparel Group: Barney's disposal unlikely

Jones Apparel Group, owner of department store business Barney's New York, has announced its results for the quarter ending April 7, 2007. Despite virtually flat growth, selling off the department store business - one of its more successful units - to boost income could have serious repercussions further down the line.

Published By Datamonitor
03 May 2007
CommentWire
CommentWire

Kohl's: exciting shoppers is key to success

US discount department store chain Kohl's is expected to be the frontrunner on same-store sales increases for September. The retailer has been raising its profile as it expands and boosting its trend-led ranges to appeal to younger and more affluent shoppers, which should help it to outpace both general merchandise and department store rivals.

Published By Datamonitor
04 Oct 2006
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Nordstrom's strong customer service boosts sales amid a challenging US market

Luxury department store operator Nordstrom has reported 12.7% revenue growth in FY2012, outperforming other US department stores Macy's, Kohl's, and Dillard's. While the economic difficulties in the US market have heavily impacted other players, such as Sears and JCPenney, Nordstrom has bounced back from a poor FY2009, having benefitted from demand for high quality luxury goods.

Published By Datamonitor
20 Feb 2012
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Retail locations: out-of-town remains the prime location for retail growth

Over the last 10 years, out-of-town has consistently outperformed both town center and neighborhood, with average annual growth of 2.5% between 2004 and 2009, compared with 1.4% for neighborhood and 0.2% in town centers. Verdict expects out-of-town to continue to outperform due to food & grocery reliance, its relevance as a click & collect point, and the entrance of new retailers to the sector.

Published By Datamonitor
25 Nov 2010
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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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