As one-time US department store titan Barneys collapses into bankruptcy, we look at what lessons UK department stores can learn from their Stateside counterparts on what to do and not to do.
While upmarket outliers such as Liberty, Harrods and Selfridges have delivered strong results, middle-market operators have found themselves under pressure. It is a similar story in the US, as Macy’s profit warning alongside its second-quarter results this week indicated.
So, what are the lessons that British retailers can learn from the US on what to do – and not do – to avoid Barneys’ fate?
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.