Neiman Marcus Archives - Inside Retail Asia

Historic falls in retail sales around the world spell doom for many chains

As retail sales figures begin to come in from countries where lockdowns have been in force, the true impact of the coronavirus pandemic on the industry is becoming alarmingly clear.

The future of department stores

Department stores around the world are under a lot of pressure.

Marie France Van Damme returns to Bangkok

Marie France Van Damme is about to open her eighth boutique, in Bangkok’s Ratchaprasong district.

Church setting for Alexa Chung summer collection

A London church was the setting for the launch of the inaugural Alexa Chung summer collection.

MyTheresa.com takes aim at Korea

European luxury online retailer MyTheresa.com is launching a Korean-language site.

Neiman Marcus explores sale options

The board of US luxury department chain Neiman Marcus is exploring a sale of the company.

Korean label Kuho to launch in US

Samsung C&T Fashion Group’s womenswear designer brand Kuho will launch in the US market next spring.

Ralph Lauren sales tumble

After a slight uptick in performance at the close of last year, Ralph Lauren sales have tumbled.

Ralph Lauren sales tumble

After a slight uptick in performance at the close of last year, Ralph Lauren sales have tumbled.

Neiman Marcus exits China partnership

The luxury crackdown in China has dented the aspirations of American retailer Neiman Marcus, which is selling its stake in Glamour Sales Holdings. Neiman Marcus, in March 2012, invested $28 million to take 44 per cent stake in Glamour Sales Holdings, a privately held e-commerce company which operates flash sales websites in China and Japan. Glamour Sales plans to expand and needs additional funds, but Neiman Marcus is said to be disinterested in becoming a majority investor. Hong Kong j…

Borderfree, Visa push e-commerce in SE Asia

New York-based e-commerce company Borderfree is collaborating with Visa to offer exclusive free shipping to Visa cardholders in Southeast Asia. Borderfree designed the promotion for Visa cardholders in Singapore, Thailand, Indonesia and the Philippines. During the offer period, Visa cardholders in these markets have the opportunity to shop with a slate of popular US retailers and receive free shipping for orders that reach a certain threshold when they use their Visa card. Participating re…

Macy’s stalls Chinese online expansion

American department store Macy’s is putting its online expansion to China on hold amidst the nation’s economic slowdown. In May 2012, Macy’s signed a commercial and investment agreement with Chinese e-commerce firm VIPStore to sell private brand goods on the latter’s e-commerce site omei.com. However, that agreement has been shelved while Macy’s takes more time to learn about Chinese shoppers, says the company’s spokesman Jim Sluzewski. “While our company has interest in international m…