Magasin du Nord invests over USD 15m (DKK 100m) in transforming its Copenhagen flagship

Member News
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Oct 2026
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Via Ritzau

What: Magasin du Nord has launched a five-year, DKK 100-million-plus transformation of its Kongens Nytorv flagship, moving personal shoppers onto the sales floor, replacing every escalator and upgrading in-store technology.

Why it is important: The project rebuilds the store around customer behaviour rather than square footage: advice becomes part of the floor, and the online and in-store journeys are designed as one.

Magasin du Nord has begun a five-year transformation of its Kongens Nytorv flagship, investing more than DKK 100 million across buildings totalling almost 59,000 square metres of gross floor area. The store had over 7.1 million visits in 2025; year-to-date traffic is up almost 7%, and group revenue grew close to 10% last financial year.

Personal shoppers will move out onto the sales floor to make advice a visible part of the visit, all escalators will be replaced, and technology will be modernised to make shopping simpler and more inspiring. Retail Director Frederik G.G.G. Nielsen stresses that assortment must be combined with service, advice and experiences, with seamless movement between digital and physical channels. Click-and-collect sales at Kongens Nytorv are up 33% year to date.

The modernisation should also help attract new brands and concepts to an assortment of more than 1,200 brands. Work is under way on the ground floor, the womenswear floor follows in 2027, and the rest of the store will be renovated in phases while it stays open. Magasin frames the project as echoing its 1952 modernisation, and the Magasin du Nord Museum is involved.

IADS Notes:  Magasin's Kongens Nytorv investment builds on a solid 2025, when retail sales rose 9% to 3.3 billion kroner, net profit climbed from 59 to 70 million kroner, and 49 million kroner went into upgrading the Aarhus and Lyngby flagships after the Rødovre closure (Nordjyske, April 2026). Competition in the capital has also increased since Salling opened a curated 3,000-square-meter "lifestyle house" at Kultorvet and took over Magasin's former 60-year lease in Rødovre Centrum, a move Magasin publicly welcomed as validation of physical retail (Jyllands-Posten, August 2026). The 33% rise in click-and-collect sales extends a pattern already visible during Christmas 2025, when nearly 7% of December orders were fulfilled through buy online, pick up in store and digital activity drove store visits as well as web sales (Via Ritzau, December 2025). Other department stores have reinvested in their flagships in similar ways. Bloomingdale's 59th Street overhaul combined designer boutiques, immersive environments and upgraded personal shopping, and was followed by five consecutive quarters of sales growth (WWD, March 2026). In Korea, Lotte and Hanwha Galleria are closing weaker branches to fund large-scale renovations of their strongest stores (The Chosun Daily, September 2026).

Magasin du Nord invests over USD 15m (DKK 100m) in transforming its Copenhagen flagship