Future Tech Daily

Decline in popularity of once modern day department stores

Reported by Staff on Oct 25, 2018 4:57:53 PM

Screen Shot 2018-10-25 at 4.18.17 PM1. Debenhams: end of an era for another high street retailer? 

First came the collapse of BHS, followed by House of Fraser and now Debenhams. Even John Lewis is suffering from an all-time trading low. And then there is longtime suffering Marks and Spencer, planning to close over 100 stores by 2022. 

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Screen Shot 2018-10-25 at 4.33.45 PM2. Target focuses on niche private-label brands to compete with Amazon 

Target’s private labels have always been a key part of its brand strategy, but the retailer is now phasing out some of its original core lines to make room for a wave of new private-label brands that are much more niche.

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 Screen Shot 2018-10-25 at 4.36.25 PM3. Alibaba is using Single's Day to push its version of online/offline shopping 

Alibaba is using the Nov. 11 Single’s Day, China’s biggest shopping holiday, to push its “New Retail” program that looks to blur the lines between e-commerce and in-store sales.

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Topics: Future Tech Daily

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