Department stores in the United States are at a crossroads, with numerous retail giants struggling to maintain profitability amidst increasing competition and changing consumer behaviors. Investors, however, continue to eye their real estate assets, believing that selling off these properties offers a quicker path to financial recovery. Yet, history has shown that this strategy rarely […]
Bloomingdale’s CEO on the Future of American Department Stores
In a recent interview, Olivier Bron, CEO of Bloomingdale’s, highlighted some critical challenges facing the American department store sector today. With a career that spans reputable institutions like Galeries Lafayette in Paris and Central Group in Thailand, Bron has an outsider’s perspective on the traditional American retail landscape. His insights reveal that rather than a […]
Why Men’s Retail Is Booming in Manhattan
The retail landscape in downtown Manhattan is witnessing an exciting evolution, particularly within the menswear and streetwear sectors. Emerging brands are increasingly opting for brick-and-mortar stores, capitalizing on shifting consumer preferences toward in-person shopping experiences. This trend comes at a time when traditional digital marketing strategies have become less effective. Take, for instance, the story […]
The Debrief | Can Department Stores Save Themselves?
The landscape of retail has been dramatically altered over the past few decades, leaving many American department stores struggling to find their footing. Once celebrated as icons of American shopping culture, these stores face a battle for relevance against the backdrop of overexpansion, the rise of e-commerce, and an overall decline in mall traffic. As […]