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Wysłany: Pią 18:49, 13 Wrz 2013 Temat postu: Macy Dillard stage comebacks-spun5 |
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Macy Dillard stage comebacks
The last Two decades happen to be hard on department stores. For the reason that time, the market share for that mall industry shrank by over fifty percent, and some analysts wondered if the sector might vanish.
Among the challenges: More shoppers are heading to discount and specialty stores or going online.
But the mall still has a beating heart. Two major players, Macy's and Dillard's, have staged impressive comebacks recently.
Macy's has more money on hand now than it has already established in the history - more than $2 billion,[url=http://woolrichdeutschlandarcticparka.albirank.net/][b]woolrich deutschland women online shop Woolrich Parka Günstig outlet[/b][/url], , president and CEO of Macy's, said in a phone interview. "I can't can remember the balance sheet being in better shape than it is today."
And at Dillard's? "We just posted the greatest quarterly earnings per be part of our company history - it had been an excellent year," said , the business's director of investor relations.
Both retailers have cut costs dramatically, partly by closing stores; put a greater concentrate on private labels and exclusive brands; and built stronger online presences.
"Macy's has been doing all of the right things - they've done a great job at executing,[url=http://monclerjackendeutschland.albirank.net/][b]http://monclerjackendeutschland.albirank.net/[/b][/url], and it's allowed them to grab market share," said , chairman of Davidowitz Associates,[url=http://giuseppezanottisneakerssale.webmium.com/][b]giuseppe zanotti Outlet Shoes for Sale[/b][/url], a national retail consulting and investment banking firm in New York.
Similarly, "Dillard's has become a comeback story," he said.
Macy's,[url=http://parajumpersoutletjackets.webmium.com/][b]parajumpers vest outlet[/b][/url], with joint headquarters in New York and Cincinnati, has 810 Macy's and 37 Bloomingdale's; and Little Rock, Ark.-based Dillard's has 304 stores. You will find seven Macy's stores and four Dillard's locations within the San Antonio area.
Macy's has been launching new marketing and merchandising initiatives. The brand new NBC show "Fashion Star" features buyers from Macy's, Saks and H who appraise work from up-and-coming designers. A few of the featured designs can be found right after the show at
"Fashion Star" is a good marketing vehicle as well as an chance to make use of talented new designers and to keep them, Lundgren said.
Macy's is also upgrading stores with new technology. In 10 stores, a "" continues to be installed in the cosmetics area. It lets customers compare various beauty product choices.
3 years ago, Macy's launched its My Macy's initiative, which Lundgren says has been highly effective. The localization program customizes merchandise for customers in specific markets.
Macy's and Dillard's have intensified efforts to differentiate themselves within their merchandising, Davidowitz said. Now,[url=http://woolrichschweizch.gengfl.com/][b]Woolrich Parka Winter Woolrich Online Shop Schweiz Sale Die Gute Qualität Woolrich[/b][/url], more than ever, it makes sense to transport exclusive and labels, he said. Shoppers are increasingly savvy at finding the right price for merchandise online, however,[url=http://rogerviviershoes.webmium.com/][b]sell 2013 discount Roger Vivier shoes outlet Roger Vivier on sale Roger Vivier shop[/b][/url], you can't comparison shop if the product is a unique, he noted.
Exclusives at Macy's include Tommy Hilfiger, Roy and Material Girl. Macy's also sells limited-time designer exclusives,[url=http://duveticadoudoune.halod.com/][b]Femmes Doudoune[/b][/url], Capsule Collections, that have featured apparel produced by yet others. Capsule Collections cost much less than products typically produced by such designers.
Dillard's also has put a greater concentrate on differentiating itself with well-known national brands,[url=http://parajumersoutletdeutschland.albirank.net/][b]http://parajumersoutletdeutschland.albirank.net/[/b][/url], Bull said. Designer created the and labels exclusively for Dillard's, she noted.
Both retailers also provide stepped up their offerings of in-house plr brands, which will make more profit for a retailer since there is no middle man, Davidowitz noted.
Each chain is investing heavily online. Macy's is building its latest online facility. At the 1.3 million-square-foot building in Martinsburg, W. Va., 2,000 employees will package and ship Internet orders. Dillard's soon will open an 850,000-square-foot Internet center in Little Rock.
Nevertheless, , chairman and CEO of , a personal equity firm located in Minnetonka, Minn., is pessimistic about department stores. "Thirty years back, department stores were the most crucial a part of American retail, plus they catered to the masses, but the retail landscape has changed drastically," he said.
But Lundgren, who said he has heard skepticism about department stores his entire career,[url=http://woolrichdeutschlandarcticparka.albirank.net/][b]woolrich deutschland[/b][/url], is bullish. "The department store is really a great model," he insisted. "If it didn't exist, somebody could be scrambling to create it. That you can do all of your shopping in a single location - find a dress,[url=http://parajumpersoutletjackets.webmium.com/][b]parajumpers jackets[/b][/url], then walk over and match it with shoes along with a handbag. It's all under one roof, and you can use it your Macy's credit card."
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