What to Watch: Behold the Super Mega Flagship Store [WWD] For luxury brands in search of retail magic, bigger is definitely better. Dior Paris 30 Montaigne and Tiffany & Co.’s Landmark store in New York are setting the pace as luxury temples that are also full-fledged tourists attractions with cultural, hospitality and experiential elements galore.
J.C. Penney announces $1B turnaround plan [RetailDive] J.C. Penney on Thursday announced plans to put more than $1 billion by fiscal 2025 toward improving its operations and customer experience. The department store will invest in digital capabilities, in-store upgrades including tech, and merchandising and supply chain improvements. Plans also entail boosting the retailer’s appeal through inclusive and affordable merchandising, customer service and local community engagement.
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