Luxury Daily
The authority in luxury news.
Dec. 28, 2025
  1. Luxury Unfiltered: Burberry is on the brink of self-destruction as it taps a new CEO
  2. Veuve Clicquot recounts label’s history in display of visual innovation
  3. Louis Vuitton introduces Visionary Journeys Seoul
  4. Iordanov Vodka takes shot at luxury with Swarovski Crystal-encrusted bottles
  5. Piaget fetes sixth year of USPA Gold Cup sponsorship with new timepiece
  6. Valentino Garavani and Vans present AI-generated campaign
  7. Coty earns ‘A’ score from CDP
  8. Louis Vuitton launches new menswear campaign, global pop-up series
  9. Aman welcomes warmer weather with ecotourism boost
  10. Dolce & Gabbana debuts Devotion fragrance film
Comment
  • Email
  • Print
  • Reprints
  • ARTICLE TOOLS SPONSOR

Retail

‘Time is running out’ for department store recovery: Bain

August 7, 2024

A majority of American shoppers hold a negative opinion of large-scale retailers. Image credit: Bain & Company In North America, department store sales have declined at a compound annual rate of 6 percent from 2018 to 2023. Image credit: Bain & Company

 

By Zach James

While wholesalers throughout North America struggle to find their footing, global consulting firm Bain & Company is outlining a path forward.

To read the entire article, please subscribe or
 
LATEST HEADLINES
MOST POPULAR
  1. Luxury Unfiltered: Burberry is on the brink of self-destruction as it taps a new CEO
  2. Veuve Clicquot recounts label’s history in display of visual innovation
  3. Louis Vuitton introduces Visionary Journeys Seoul
  4. Iordanov Vodka takes shot at luxury with Swarovski Crystal-encrusted bottles
  5. Piaget fetes sixth year of USPA Gold Cup sponsorship with new timepiece
  6. Valentino Garavani and Vans present AI-generated campaign
  7. Coty earns ‘A’ score from CDP
  8. Louis Vuitton launches new menswear campaign, global pop-up series
  9. Aman welcomes warmer weather with ecotourism boost
  10. Dolce & Gabbana debuts Devotion fragrance film
VIDEOS
More Videos

MORE IN Retail
Louis Vuitton introduces Visionary Journeys Seoul
Off the Cuff: Getting to know luxury’s top-tier talent in 2025
Matches plots second act under new ownership
Showcasing flagship, Brioni starts fresh on Rue Saint-Honoré
Hermès, Goyard lead consigner sales in 2025: Rebag
Sephora introduces new concept for SEPHORiA 2026



RECENT ARTICLES
Louis Vuitton introduces Visionary Journeys Seoul
Savannah College of Art and Design debuts SCAD LUXE research center
Exclusive Resorts purchases Inspirato for $59M

Brunello Cucinelli casts holiday spell with ‘Cinema Meraviglia’
Follow @LuxuryDaily for the latest in luxury news
Happy Holidays!