What: Manor signed a two-year contract with FC Basel 1893 to be their official partner until the end of the 2024/25 season.

Why it is important: The partnership will unite the business as they have a long-standing connection to the city of Basel as well as bring new experiences to the individual client base.

The partnership agreement will benefit both parties as football fans with a loyalty card will have access to live tickets on-site or even the department store hosting an autograph session with the team's players.

Manor will be the official partner of FC Basel 1893 from the new season.

What: Boyner opened its new active store in Fethiye.

Why it is important: The new active store in Fethiye in the latest addition to the retailer's active stores.

It joins the existing roster of Boyner ACity Active and Boyner Active Buyaka, and has officially opened its doors to welcome shoppers.

What: Breuninger invests in its distribution centre in Sachsenheim and expands its logistics on a large scale.

Why it is important: Breuninger's DC opened in 2019 spanning 76,000 square meters. Now they are adding around 40,000 square meters to the existing property.

Around 200 jobs will be created in the course of the expansion in warehousing, shipping, outgoing goods and product returns. This will increase the number of employees at the DC to around 1,700 in the future.

The DC was prepared for expansion options in order to be able to react to the growing online business. In recent years, Breuninger has successively opened up new markets and expanded its online business to other European countries – e.g., to Spain, Italy, Belgium, the Netherlands, Poland and most recently the Czech Republic – and new department stores opened in Munich and Luxembourg.

The construction of the extension of the DC will be carried out sustainably according to BEG-Standard 40. The extension will also be DGNB Gold-certified and the roof will be fully equipped with photovoltaic systems.

The DC includes goods processing, supplying stationary trade and online shipping, content production with a photo studio as well as the Breuninger confectionery and administration.

Breuninger is growing its logistics capacities

What: El Palacio de Hierro displays a museum exhibition in Mexico City at their Polanco location to celebrate its 135th anniversary.

Why it is important: The store chose to feature 135 objects dating from 1888 that are relevant to the history of fashion while simultaneously celebrating the brands that have worked with them by displaying their archives.

The exhibition will be open to the public for a month — July 13th to August 13th — and was curated by Ana Elena Mallet alongside Joel Aguilar. The display includes historical archives of the Christian Dior house, Carolina Herrera, Casa Guerlain, and never-before-seen pieces from El Palacio de Hierro.

El Palacio de Hierro celebrates its 135th anniversary with an exhibition that compiles more than 13 decades of history

What: El Palacio de Hierro announces that Amina Muaddi footwear will be sold at their department stores.

Why it is important: El Palacio de Hierro will be the entryway for the footwear brand to enter the Latin American market offline.

Amina Muaddi shoes will be available in two of the El Palacio de Hierro stores- the Polanco branch and the Monterrey branch.

The brand, launched in 2018, became a viral sensation from its striking details and silhouette. It is currently distributed by Bergdorf Goodman, Net-a-porter, Ssense, Nieman Marcus, Mytheresa, and now El Palacio de Hierro.

El Palacio de Hierro welcomes Amina Muaddi to its portfolio

What: The Mall Group celebrated its 42 years of business on June 25th.

Why it is important: The Mall Group organized a making-merit ceremony to celebrate the anniversary of the company.

The ceremony began with paying respects to Brahma and the Spirit House and then giving alms to 9 Buddhist monks.

What: El Palacio de Hierro has been featured in an article that celebrates its Coyoacan store opening.

Why it is important: El Palacio de Hierro has chosen Coyoacán for its newest store location. The 410,000-square-foot space, designed in partnership with TPG Architecture (New York), is the second largest in the retailer's portfolio.

The Palacio ethos is to create stores that are spiritually and emotionally owned by the community. Each store is a tool of communication, speaking directly to the people it serves. there are 38 individual departments, all share a common Palacio sensibility.

The article states, "Palacio Coyoacán is more than a store. It's a destination for families and friends, designed to be an integral part of the community, and a reflection of its rich culture and storied history."

El Palacio de Hierro's newest store in Coyoacan

What: El Palace de Hierro along with Mattel created an interactive Barbie Selfie Experience in the department store.

Why it is important: The experience will allow visitors of the department store to transport themselves into BarbieLand as the Barbie film promotions are underway. El Palacio de Hierro already had a very successful first Selfie Experience last year.

El Palacio de Hierro, in collaboration with the Mattel brand, is debuting a tour experience in Palanco where fans can be transported into BarbieLand. The Barbie Selfie Experience will run from July 13 to August 15. This 20-minute tour will feature characters from the Barbie film as well as 10 different thematic spots where fans can take pictures such as the Barbie box, the presidential room, and the Malibu pink Barbie car. Fans will be able to purchase dolls and accessories from different Mattel collections at the end of the tour.

Mattel, en alianza con Palacio de Hierro inaugura Barbie Selfie Experience

What: Galeries Lafayette permanently opens a K-beauty stand in the Paris Haussmann department store.

Why it is important: Galeries Lafayette will be celebrating Korean beauty products and its self-care philosophy starting August 8th.

The opening of the K-beauty store in Galeries Lafayette Haussmann comes because of the success of a pop-up K-beauty installation in the Champs-Elysées location.

The stand will be located in the Wellness Galeries on the ground floor of the Haussmann store and the opening day of August 8th will feature five brands: Dear Klairs, Rom&nd, Mixsoon, Urang, and SKIN1004.

Galeries Lafayette introduces a permanent K-beauty stand press release

What: El Corte Inglés has collaborated with Disney to create a campaign counting down the 100 days until the 100-year anniversary date of the entertainment company.

Why it is important: The collaboration is a historic agreement and gives El Corte Inglés a 360° plan which includes the exclusive sale of Disney products and special activations among other initiatives.

The collaboration will begin in July and run until the closing of the Christmas campaign which will be exclusively at El Corte Inglés.

The department store group will have special activations around the campaign as well as an exclusive Disney 100 event and additional activations for Christmas.

El Corte Inglés' back-to-school campaign will be themed as Disney 100 and the group will also host Disney 100 themed shop-in-shops measuring 200 square meters from October 2 to 22. Additionally, the Castellana store will host a Disney 100 space in an outdoor area spanning 800 meters squared.

This is the fourth consecutive year that El Corte Inglés will be the main retail partner for Disney's Christmas campaign. In Serrano, Callao, and Goya, Disney will be the start of the Christmas booths which are free to enter and will include new products from Disney's latest film.

El Corte Inglés teams up with Disney to celebrate 100 years of the Walt Disney Company 

What: Galeries Lafayette opens its third store in China.

Why it is important: The department store inaugurated its new flagship in Shenzhen with its partner, Hopson Development Holdings Limited.

The store opening is its third store in China, with Galeries Lafayatte opening stores in Beijing and Shanghai. This Shenzhen location is in the heart of one of the main cities in southern China and represents a new incarnation of the group's ambitions in China.

The Shenzhen store takes a concept department store approach and allows Galeries Lafayette to express its creativity and know-how in fashion and lifestyle.

Explore the photos here!

What: The 2022 annual report of El Corte Inglés reports a 22.5% increase in revenue from the previous year as a result of the company focusing on improving its financial and business position.

Why it is important: The Spanish clothing distributor, EL Corte Inglés reveals its 22.5% revenue increase and EUR 15,327 million in turnover in its 2022 report showcasing its comeback from the company's only net loss year of 2020.

The 2022 financial results of El Cortes Inglés showcase its impressive position of a 22.5% increase in revenue as well as the group's financial strategies to improve its standing. The newspaper, Expansion reasons that the turning point for the company was its alliance with Matua where it sold 50.01% of Seguros El Corte Inglés and 9% of the department store capital group for EUR 1,105 million.

The company aimed to strategically use the new funds to reduce their debt which already stood at a 15-year low, however, the pandemic had caused a EUR 1 billion increase in their liabilities.

With debt accounting for 2.4% of the EBITDA, the company will focus its efforts on making the business less vulnerable to economic cycles by offering new services. The optimistic financial plans for the company from the period 2021-2026, hope to increase EBITDA from its 2022 figure of EUR 951 million to EUR 1,700 and reduce debt by 60%. It then aims to be in a suitable position and enter the public capital market with an IPO.

El Corte Inglés lays the foundations for a new stage with its 2022 results 

What: The leading department stores in the world ranked by revenue

Why it is important: The ranking highlights the financial trends within department stores that from regional strength to optimism on forecasted performance.

Major companies have seen a 3% increase in revenue since last year despite adjustments in the sector.

The top 10  list is as follows:

Macy's: remains the leader with sales of over EUR 20,000 million.

Kohl's: anticipates a drop in revenue in 2023.

El Corte Inglés: cost optimisation strategies greatly increased net results.

Nordstrom: the only company on the list that managed to exceed pre-pandemic revenues.

Marks and Spencer: plan to close 25% of large format stores in the next 5 years.

Falabella: closure of 5-10% of stores in Peru, Colombia, and Chile.

JC Penney: developed its cosmetic chain but sales are 16% below 2019 figures.

Signa: joint venture with Hudson Bay to create merged company Galeria Karstadt Kaufhof which then filed for bankruptcy protection and began to restructure.

Hudson Bay: two waves of layoffs in the previous year.

Isetan Mitsukoshi: plan for 2023 is to improve loyalty and reduce costs.

Los diez mayores de los grandes almacenes

What: The department store group is reinforcing its sustainable offer and various circular economy projects based on its Sustainability Policy which is approved by its Board of Directors.

Why it is important: The company has already reduced its emissions by more than 60% since 2017 and almost all the energy it consumes is guaranteed CERO emissions.

El Corte Inglés has strengthened its climate neutrality efforts and circular economy projects, reducing its emissions by over 60% since 2017 with almost all the energy it consumes guaranteed zero emissions.

Its sustainability policy framework drives responsible social and environmental action by its Board of Directors, management, employees, suppliers, customers, and other interest groups with a purpose of promoting sustainability in all aspects of its corporate culture.

El Corte Inglés works on three fundamental environmental axes: climate neutrality, sustainable offer, and circularity.

The company currently offers over 122,000 sustainable products including fashion, home, technology, leisure, and food, with almost half being products from its own brands.

All 140 of its large centers and platforms have AENOR zero-waste certification, with most of its small-format stores set to be certified by 2025.

The management system implemented demonstrates that at least 90% of its waste generated is managed and recovered, avoiding deposits in landfills.

The company is committed to increasing its sustainable assortment by 5% every year.

El Corte Inglés advances in its climate neutrality by reinforcing its sustainable offer and circular economy projects 

What: El Palacio de Hierro they have confirmed that Jacquemus is available on their e-commerce platform, and also in 4 physical locations.

Why it is important: Simon Porte Jacquemus incorporates the fashion proposal of his Parisian brand into the portfolio of El Palacio de Hierro, the most important luxury department store chain in the country.

Customers can shop the brand online and in their Interlomas store, in the State of Mexico; the Monterrey branch; and finally, a double in Mexico City, betting on its stores in Polanco and Santa Fe.

Customers will find Jacquemus' iconic bags, to shoes and prêt-à-porter pieces.

Jacquemus' Parisian chic touch arrives at El Palacio de Hierro 

What: The department store's exclusive brand, Chester & Peck, has collaborated with the Colombian firm Della Terra to launch a new sustainable fashion collection.

Why it is important: The collection has been made with sustainable materials and aims to be environmentally friendly by committing to the use of clean energy, responsible suppliers, and recycled packaging.

The collection includes versatile and comfortable pieces, made with organic and sustainable components including textiles such as linen, organic cotton, Tencel, and cupro; it also features a range of natural colors such as green, brown, beige, and white and has a price range of MXN 629 to MXN 2449.

Packaging for the collection includes labels made of 100% recycled PET, recycled cardboard, and bags made from biodegradable corn. Additionally, clean energy and responsible suppliers have been used to produce the collection.

El Palacio de Hierro joins forces with Della Terra to launch a sustainable fashion capsule

What: Magasin du Nord has laid out a new strategy with a multi-million dollar investment in remodelling its stores.

Why it is important: The department store's goal is to modernise and strengthen its stores to meet the needs of future generations.

Magasin du Nord is accelerating a DKK 70 million investment plan, which focuses on strengthening its stores and its positioning in the battle for customers.

The modernisation of the stores will focus on a more agile and customer-friendly interior design.

Statistics Denmark reported retail sales increasing by 1.6% from March to April, however, clothing sales fell by 0.6%. At Magasin, the message is that there is a new and slightly greater optimism among customers.

The first investments in the project are aimed at two stores in Aarhus and Lyngby, which will be remodelled in the coming months.

Magasin states that it is seeing more younger consumers in the store. At Aarhus, more than 50% of customers are between 15-29 years old, with the same group making up 27% of customers in Lyngby.

The department store's Aarhus location had the second most visitors last year with 2.9 million.

Magasin will rebuild for millions despite pressure on clothing sales

What: After a successful inauguration at Galeries Lafayette Haussmann, Wethenew has arrived at Galeries Lafayette Champs-Élysées.

Why it is important: Wethenew makes the most sought-after sneakers accessible to customers and gives Galeries Lafayette the opportunity to showcase products it typically doesn't have access to.

Located on the first floor, customers will be able to shop for the rarest and most desirable sneakers on the market with confidence as each pair is authenticated by experts. The selection is renewed every week to provide visitors with a trendy sneaker experience.

Wethenew arrives at Galeries Lafayette Champs-Élysées 

What: The department store is hosting a Jean Paul Gaultier exhibition at its Polanco store in celebration of Pride month.

Why it is important: The exhibition is a creative initiative to celebrate the community and features limited edition fragrances from the French luxury house with proceeds supporting the LGBTQIA communities.

Located on the first floor of El Palacio de Hierro Polanco, visitors can find five dresses from Jean Paul Gaultier's historical archive as well as limited edition fragrances for Pride.

El Palacio de Hierro installs an exhibition of Jean Paul Gaultier

What: The department store and Planet have opened two tax-free lounges in the El Corte Inglés stores in Barcelona and Mallorca.

Why it is important: The aim of the collaboration is to position Spain as a destination for "shopping lovers." Additionally, the service will help El Corte Inglés attract international clients.

Customers will have a VIP service which includes tax-free invoices from El Corte Inglés, advice from Planet professionals, a rest area with complimentary water and coffee, automatic refund kiosks to speed up transactions, and an area with greater privacy.

El Corte Inglés incentives recurring retail spending by rewarding 20% to those who choose a gift card and decide to reinvest the amount of VAT refund in their stores.

El Corte Inglés and Planet open two VIP VAT refund points in Barcelona and Mallorca

What: The Roxy label has opened a pop-up surfshop in Galeries Lafayette's Wellness Galerie.

Why it is important: Galeries Lafayette makes its wellness offer dynamic by featuring seasonal brands.

Roxy has a corner in the Wellness Galerie featuring swimwear, surf accessories and beachwear until June 27.

The space is inspired by the tropical nature and spirit of the Caribbean with bright colors and prints and tropical decorations.

Roxy opens a surfshop at Galeries Lafayette

What: Longchamp has remodeled its space in El Corte Inglés' Paseo de la Castellana location.

Why it is important: El Corte Inglés has around 20 Longchamp spaces in its stores and the the Paseo de la Castellana location is one of the first stores to feature Lonchamp's new global concept.

The space has a surface area of 50 square meters and is reflective of a classic Parisian flat, paying homage to the brand's heritage.

Visitors can find the brand's collections of leather goods and accessories as well as books and decorative objects that are connected to the theme and will change seasonally.

Longchamp presents its new commercial concept at El Corte Inglés Paseo de la Castellana

What: The El Corte Inglés Group exceeds EUR 15,327 million in global volume of revenue, which is 22.5% more than the previous year.

Why it is important: In addition to its growth in revenue, the group's Ebitda has reached EUR 951.4 million, 18.3% more than the previous year, accompanied by a growth in profitability.

The El Corte Inglés Group sees exceptional growth and high profits due its strong business evolution, optimisation of costs as well as management success.

The recurring net profit has reached EUR 207 million, the highest the group has experienced in recent years. The financial strength can also be attributed to the decrease in net financial debt, standing at EUR 2,295 million, the lowest level in the last 15 years.

El Corte Inglés Group grows 22.5% in global volume of revenue 

What: The luxury department store chain is opening a new store in Léon.

Why it is important: The new store will be El Palacio de Hierro's first in the Bajío region.

The store is being built in the Plaza Mayor shopping center and is set to open in October 2024, with 20% of its development currently completed.

Until the opening date arrives, El Palacio de Hierro has launched its June collection and set up a purchase point within the shopping center where customers can consult the department store's digital catalog and pick up their purchases.

El Palacio de Hierro advances in its arrival to the Mexican Bajío region