Macy's Exec Reveals Next Steps as Iconic Chain Eyes Closing 86 More Locations

Macy's exec reveals next steps as iconic chain eyes closing 86 more locations

FILE PHOTO: A customer exits the Macy’s flagship department store in midtown Manhattan in New York City, U.S., December 11, 2023. REUTERS/Brendan McDermid/File Photo AN ICONIC department store has revealed key next steps for the company amid a slew of closures. The New York based retailer has embarked on a turnaround plan that will see the closure of another 86 stores. The New-York based retailer has embarked on a turnaround plan The plan will s…

Hyundai Department Store to Unveil ‘The Hyundai Busan’ with Next-Generation Retail Concept

Busan, South Korea — Hyundai Department Store has announced plans for a new retail complex, The Hyundai Busan, in the Eco Delta City area of Busan, South Korea. The project will cover a 111,000-square-meter site (approximately 33,000 pyeong) and have a total floor area of 200,000 square meters (roughly 60,000 pyeong). The retail complex is expected to open in the first half of 2027, with construction set to begin in October 2025.The development …

Death of the department store? Players can stay relevant with curated products, experiences, say retail observers

At least five department store chains – including Isetan, Marks & Spencer, Metro and OG – in Singapore have downsized in recent years, with two exits since 2016.