International Association of Department Stores
Founded in 1928, the IADS is the only expert body specialising in the department store retail format in the world.
What is IADS
The International Association of Department Stores (IADS) is the only expert body specialising globally in the department store retail format. Consisting of leading department store members around the globe, the Association acts as an international network, facilitating exchange and communication between members. It also conducts research to address department stores' current challenges and provide actionable insights for its members.
Together, the IADS members, all key players in their respective markets, create a landscape of various business models and cultures and represent more than €41bn cumulated annual turnover, achieved through more than 563 stores with 257,000 associates in 32 countries.
Member News
John Lewis to invest £50m in store transformation drive
John Lewis to invest £50m in store transformation drive
What: John Lewis accelerates its store transformation drive, focusing on experiential retail, hospitality, and regional flagship upgrades to boost customer satisfaction and sales.
Why it is important: John Lewis’s strategy highlights the enduring value of physical stores and service-led experiences in differentiating from online competitors and sustaining relevance.
John Lewis is investing £50 million to transform five key stores as part of an £800 million programme to modernise its entire 36-store portfolio, reinforcing its commitment to the unique value of physical retail in a digital age. The transformation strategy includes experiential upgrades such as revamped beauty halls, VIP lounges, and the rollout of the “Platter” hospitality concept across 32 cafés and restaurants, all designed to create destination environments and drive customer satisfaction. The redevelopment of the 300,000 sq ft Glasgow flagship and upgrades in Cambridge, Leicester, Reading, and Liverpool signal confidence in regional retail and high street recovery. These investments have already led to record customer satisfaction scores and industry accolades, positioning John Lewis as a revitalised leader in UK retail. By prioritising service, hospitality, and immersive experiences, John Lewis is differentiating itself from online competitors and securing long-term relevance and growth in a rapidly evolving market.
IADS Notes: John Lewis’s latest £50 million investment in transforming five key stores is part of a broader £800 million programme to modernise its entire 36-store portfolio, reinforcing the retailer’s commitment to the unique value of physical retail in a digital age. This transformation strategy, detailed in November 2025, includes the addition of 100 new premium fashion brands, exclusive collaborations, and a focus on experiential upgrades such as revamped beauty halls and VIP lounges, all designed to drive sales growth and customer satisfaction (Fashion Network, November 2025; Retail Gazette, August 2025). The redevelopment of the 300,000 sq ft Glasgow flagship and upgrades in Cambridge, Leicester, Reading, and Liverpool signal confidence in regional retail and high street recovery, while the rollout of the “Platter” hospitality concept across 32 cafés and restaurants demonstrates the integration of food, service, and retail to create destination environments (Drapers, May 2026). John Lewis’s transformation of its Liverpool beauty hall into a 16,000-square-foot experiential space, with a 40% expansion in premium brands, sets a new standard for immersive beauty retail and serves as a blueprint for further store transformations (The Retail Bulletin, August 2025). These investments have been validated by record customer satisfaction scores and industry accolades, positioning John Lewis as a revitalised leader in UK retail and a benchmark for customer-centric transformation.
El Corte Inglés posts double-digit profit growth and record-low debt for FY 2025-26
El Corte Inglés posts double-digit profit growth and record-low debt for FY 2025-26
What: El Corte Inglés delivers strong financial results, accelerating digital transformation, store modernization, and innovation while maintaining robust profitability and reducing debt.
Why it is important: The results highlight how disciplined investment, digital innovation, and operational excellence can drive resilience and sustainable growth for legacy retailers.
El Corte Inglés has reported solid growth for the 2025–26 financial year, with double-digit increases in profit, record-low debt, and a 14.6% rise in investment. The group’s retail division, especially Fashion and Beauty, continues to outperform, with fashion sales up 3.1% and the segment emerging as a key growth driver. The company’s digital transformation is accelerating, as evidenced by over 1 billion online visits and 16.3 million registered customers, reflecting the success of its omnichannel strategy. Continued investment in logistics, store modernization, and new business areas—such as electric vehicle charging and data centers—demonstrates a commitment to innovation and diversification. Under the leadership of Cristina Álvarez, El Corte Inglés has focused on customer experience, quality, and efficiency, supported by a €3 billion investment plan through 2030 and a comprehensive management renewal. These developments position the group for sustainable growth, resilience, and long-term competitiveness in the evolving European retail landscape.
IADS Notes: El Corte Inglés’s 2025–26 financial results confirm the group’s robust trajectory under Cristina Álvarez, marked by double-digit profit growth, record-low debt, and a 14.6% increase in investment. The company’s retail division, especially Fashion and Beauty, continues to outperform, with fashion sales up 3.1% and the segment emerging as a key growth driver. This momentum is supported by a €3 billion investment plan through 2030, focused on store modernization, digital transformation, and logistics innovation, as well as a comprehensive management renewal and the creation of cross-functional teams to drive operational excellence. The group’s digital transformation is accelerating, with over 1 billion online visits and 16.3 million registered customers, reflecting the success of its omnichannel strategy and the growing importance of digital commerce. Continued investment in logistics, new business areas, and asset optimization further demonstrates El Corte Inglés’s commitment to innovation and diversification, while the leadership of Cristina Álvarez ensures a focus on customer experience, quality, and efficiency. Collectively, these developments position El Corte Inglés for sustainable growth, resilience, and long-term competitiveness in the evolving European retail landscape.
El Corte Inglés posts double-digit profit growth and record-low debt for FY 2025-26
El Corte Ingles sponsors the Formula 1 Grand Prix in Madrid
El Corte Ingles sponsors the Formula 1 Grand Prix in Madrid
What: El Corte Inglés is partnering with the Formula 1 Grand Prix in Madrid, creating a Fan Zone, exclusive merchandising, and travel packages to integrate the event into the city’s retail and cultural life.
Why it is important: This partnership demonstrates how retailers can leverage major events to drive footfall, brand engagement, and omnichannel sales through experiential marketing and cross-divisional collaboration.
El Corte Inglés has joined as a local sponsor of the 2026 Formula 1 TAG Heuer Gran Premio de España, set to take place in Madrid’s new MADRING urban circuit. The retailer will host a dedicated Fan Zone at its Castellana flagship, strategically located for easy access via public transport, serving as a central hub for fans and visitors during the Grand Prix week. The partnership includes the development and sale of official event merchandise both online and in select stores, the production of uniforms for event staff and volunteers, and the creation of travel packages through Viajes El Corte Inglés, combining accommodation and race tickets. By extending the event’s presence into its commercial spaces and leveraging its expertise in merchandising, travel, and omnichannel retail, El Corte Inglés is integrating Formula 1 into the fabric of Madrid’s urban and commercial life. This initiative exemplifies how retailers can use major events to drive footfall, enhance brand engagement, and reinforce their role as cultural and experiential anchors in the city.
IADS Notes: El Corte Inglés’s sponsorship of the Formula 1 Grand Prix in Madrid reflects a broader strategy of integrating retail with major cultural and sporting events to drive engagement and brand visibility. The company’s approach is consistent with its sponsorship of the San Silvestre Vallecana race (Press Release, October 2024), where it leveraged pop-ups, omnichannel campaigns, and exclusive merchandising to promote sports and community involvement. Its partnership with San Diego Comic-Con Malaga (Press Release, October 2025) and renewed commitment to Spanish tennis (Press Release, October 2025) further demonstrate how El Corte Inglés uses high-profile events to foster customer loyalty and enhance its reputation as a cultural and social hub. Forbes (May 2026) highlights the retailer’s evolution into a vibrant epicenter of Spanish life, blending retail, community, and experience through targeted campaigns, pop-ups, and digital innovation. The relaunch of the Puerta del Sol flagship as a specialized sports center (Modaes, January 2026) underscores the importance of experiential retail and event-driven environments in attracting urban consumers and building loyalty. Collectively, these sources illustrate how El Corte Inglés leverages event-driven retail, experiential marketing, and cross-divisional collaboration to reinforce its leadership in Spain’s retail landscape and integrate global events into the urban and commercial fabric.

Stay Ahead with Exclusive Insights
Every week, we make a selection of the most relevant news for department store leaders and teams. While the content is reserved to our members, you are welcome to join our community and know what the conversation is all about.
FAQs
• To create an international network between members.
• To provide actionable insights.
• To address member’s questions and concerns on a one-to-one basis.
• To achieve those objectives, the IADS acts at different levels and aims to be operational through:
• Transformative meetings with members.
• Focused market knowledge.
• The promotion of exchange and future orientation.
IADS is a credible department store body operating as a think-tank that has a deep understanding of what industry players are facing today due to its close working relationships to its members and its wide and diverse retail network.
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