What: El Palacio de Hierro is partnering with Spanish fashion brand Silbonto to expand into Mexico in 2024.

Why it is important: Silbon's decision to enter the Mexican market first is based on the high demand for their clothing.

They plan to open three points of sale in Mexico City, specifically in the Polanco, Durango, and Mitikah areas. This move is part of Silbon's strategic plan to have a total of seven commercial spaces in Mexico by the beginning of 2025. The company aims to exceed EUR 100 million in sales by 2025 and is currently expanding nationally and internationally.

El Palacio de Hierro welcomes Silbon brand in 3 of its stores

What: Nicolas Houzé, the CEO of Galeries Lafayette has been appointed the new president of the Fashion and Luxury Sector Committee (CSF), succeeding Guillaume de Synes.

Why it is important: The CSF aims to serve as a platform for synthesis and information exchange within the industry. Houzé plans to be the voice of all stakeholders, from small and medium-sized enterprises to luxury groups, manufacturers, and distributors.

The CSF represents eight sectors and encompasses a total turnover of EUR 154 billion. Houzé will focus on implementing concrete and pragmatic measures, with an emphasis on sustainable development, digital transformation, and water resource management.

Houzé's main challenges include unifying the sector, obtaining funding for initiative, and gaining support from the Ministry of Culture and Bercy, the French Ministry of the Economy.

Galeries Lafayette's Nicolas Houzé appointed the president of CSF 

What: Manor has reopened their Manora restaurant in Geneva with a larger and more innovative space.

Why it is important: The concept aims to combine sustainability and accessibility for all customers with an emphasis on using fresh, local, and organic ingredients.

The restaurant now features seven different food universes, including options for salads, pizza, pasta, coffee, rotisserie, cheese, and international cuisine. It can accommodate up to 800 people, with 500 seats inside and 300 seats on an 80-meter-long terrace overlooking the Geneva Jet d'Eau and Mont Blanc. The restaurant also offers cooking classes and tastings to educate customers about the products and ingredients used.

The Manor chain includes 59 department stores, 27 Manor Food supermarkets, and 23 Manora restaurants, all following an omnichannel strategy.

Manor reopens its Geneva Manora restaurant with a new concept

What: El Corte Inglés experienced a 4.5% growth in retail sales until October.

Why it is important: The increase in retail sales for the fashion sector at El Corte Inglés until October is significant as it contributes to the overall growth of the company and plays a crucial role in driving its operating income during key sales periods like Black Friday and Christmas.

This increase can be attributed to the fashion and food sectors, along with corresponding price increases due to inflation. Without considering the impact of CPI, the sales growth would be 1%. The increase in fashion prices reached 2.2% until October. The textile sector saw a 2% growth in sales compared to the previous year.

In the 2022-2023 fiscal year, El Corte Inglés' turnover increased by 22.5%, with the fashion business being the main driver. The change in temperatures and the arrival of autumn boosted fashion sales in late October.

The upcoming period, including Black Friday and Christmas campaigns, holds significance for the company, as it generates 40% of its operating income during this time.

El Corte Inglés increases its retail sales by 4.5% until October thanks to fashion

What: The Mall Group has undertaken a major rebranding and renovation of 2 malls in Bangkok to focus them as food and dining destinations.

Why it is important: Whatever is happening in experience and dining retail in Thailand should be watched carefully by other worldwide players.

The Mall Group has rebranded and renovated The Mall Bang Kapi and The Mall Bang Khae in Bangkok as "The Mall Life Store" shopping centres.

The concept is "A Happy Place To Live Life" with a focus on food and dining.  Both malls will serve as "Food Destinations", bringing together over 700 leading restaurants covering Thai, Japanese, Chinese, Korean, and Western cuisines.

The Mall Bang Kapi has over 5,000 sqm dedicated to dining including famous local street food vendors, Michelin-rated chefs, and international brands. The Mall Bang Khae also has a 5,000 sqm dining hub with a mix of local favourites, Korean BBQ, Japanese cuisine, and international brands. Both malls feature pleasant outdoor garden dining areas as well as indoor dining floors.

The renovations aim to make the malls foodie paradises and lifestyle destinations for all customer demographics. The Mall Group hopes the rebranding and positioning as dining destinations will increase foot traffic by 20% at both locations.

The Mall Group rebrands 2 stores as food destinations

What: The Mall Group is creating 'commercial districts' in three corners of the city, featuring The Emsphere, The Mall Life Store Bang Kapi, and The Mall Life Store Bang Khae.

Why it is important: The creation of 'commercial districts' raises the level of Bangkok's retail landscape and aims to provide a happy life for every family.

The total project value is THB 50,000 million, with THB 2,000 million allocated for celebrating the commercial districts. The Emsphere, a shopping centre in the heart of Sukhumvit area, is set to unveil world-class experiences on December 1st. The Mall Life Store Bang Kapi and The Mall Life Store Bang Khae operate under the concept "A Happy Place to Live: A happy place for every family" and has grand celebration planned for December 8th. The Mall Group emphasizes enhancing the city's vibrancy and raising the level of Bangkok. Various activities and special promotions will be held at The Emsphere, The Mall Life Store Bang Kapi, and The Mall Life Store Bang Khae throughout December.

The Mall Group creates the phenomenon of 'commercial districts' in 3 corners of the city

What: The Breuninger flagship store in Munich celebrated the festive season with a grand Christmas party, themed "A Night of Joy."

Why it is important: Breuninger CEO Holger Blecker and Munich managing directors Alexander Entov and René Weise hosted around 600 guests, including celebrities from various fields at the newly designed store.

Breuninger hosts a Christmas party in the former Konen in Munich

What: El Palacio de Hierro reopened its Satélite store after investing more than MXN 3,000 million in renovations.

Why it is important: The reopening of El Palacio de Hierro in Satélite after a significant investment signifies the commitment to offering a unique luxury experience and supporting the local community

.The renovated store now spans 37,000 square meters and offers 70,000 SKUs from leading designers and luxury brands. The new store features various concepts, including beauty, gourmet, pet products, and more. The design of the store pays homage to the neighbourhood through its architecture and conceptualization.

The renovation project was led by TPG Architecture and took 33 months to complete.

El Palacio de Hierro reopens its doors in Satélite 

What: Magasin du Nord has a 70 sqm pop-up store in the Swedish city during November and December.

Why it is important: The department store intends to increase brand awareness on the territory to boost online sales and get more Goodie programme members.

Magasin du Nord opens a pop-up store in Malmö

What: El Palacio de Hierro reshuffles its human resources department following the departure of its HR director.

Why it is important: The company's human resource department is transitioning under a new leader that comes with years of experience in the retail industry.

Jamy Badillo, who served as the human resources director since July 2021, has departed from the company- finalised on November 17, 2023. Angélica María García Lozano has taken over as the new director of human resources since November 21. García has more than 24 years of professional experience, including 13 years in the retail sector at Walmart and 11 years at Grupo Marhnos.

El Palacio de Hierro reorganised its human resources department and appointed a new director

What: Manor unveils its new Christmas campaign featuring a winter wonderland, Manorland, and the Manor Christmas.

Why it is important: The company aims to incite a nostalgic feeling in shoppers.

Since November 9, the TV spot which is part of the 360° Christmas campaign has been broadcast in a 30-second version as well as in a shorter 10-second version on Swiss television channels, on YouTube and in Manor department stores.

Manor unveiled its Christmas campaign

What: The Mall Group is actively supporting tourism by adapting to visitors' needs and modifying its store opening hours.

Why it is important: The Mall Group is currently creating a shopping entertainment hub in the heart of Bangkok which aims to be recognized as a global retail destination.

Supaluck Umpujh, the Co-chairwoman of Thailand's Mall Group, has put forth a strategy to boost Thailand's economy by attracting more foreign tourists.

While she commends the government's current tourism initiatives, she proposes special incentives for investments in artificial tourist attractions. Rezoning tourist attractions could increase their appeal and encourage tourist spending. Supaluck suggests that tourist hotspots like Chiang Mai and Phuket should extend their service hours, emulating popular locations like Bali. For tourists to spend more, a variety of day and night attractions with educational and experiential value is essential.

She envisions Thailand as an international tourism and entertainment hub. To attract more tourists, Supaluck proposes free visas for more countries and organizing signature festivals. She also mentions reducing import taxes on luxury items, similar to neighboring countries, to support Thailand's tax-free businesses.

Her company is partnering with companies from countries including Japan and South Korea to attract more tourists to Thailand.

The Mall Group plans to extend opening hours to promote Thailand tourism

What: Galeries Lafayette announced that it will be closing its Berlin department store after 28 years in operation.

Why it is important: The decision is attributed to changing consumption habits in Germany and shifts in the retail market in Berlin.

The Berlin store, located in the Mitte district, was Galeries Lafayette's first venture outside of France and spanned four floors with over 88,000 square feet of selling space. The lease with property owner Tishman Speyer will not be renewed when it expires at the end of 2024, and the closure will result in the redundancy of 190 employees.

Galeries Lafayette is planning to open 20 stores outside of France by 2025, focusing on China, Asia, and the Middle East. The company recently unveiled a store in Shenzhen and has plans for stores in Mumbai and New Delhi. Additionally, Galeries Lafayette has existing stores in Doha, Qatar, Luxembourg, and Shanghai, with future projects in Macau and Chongqing.

Galeries Lafayette to close Berlin store

What: El Palacio de Hierro reported a 14% increase in sales and a 17% increase in profit in the first nine months of the year.

Why it is important: El Palacio de Hierro experienced a profitable first 3 quarters of 2023 in all channels.

The company's turnover reached USD 1.85 billion during this period, with a compound growth of 20% over the past two years. The department store also saw a significant growth of 28% in online sales during the same period. El Palacio de Hierro has outperformed the Mexican retail sector as a whole, which saw a 5.8% increase in sales at same-store locations. The net income increased 17% to USD 86 million.

El Palacio de Hierro increases its sales in Q3

What: El Corte Inglés has launched a new concept of luxury watch boutiques in Madrid in collaboration with TimeVallée.

Why it is important: The store aims to be a destination for both watch enthusiasts and newcomers to the luxury watches world, with expert sales ambassadors guiding customers on a discovery journey.

The boutique, located in El Corte Inglés Castellana, showcases renowned watch brands such as Baume & Mercier, Cartier, Chopard, IWC, Jaeger Le-Coultre, Panerai, and Piaget. The permanent space spans over 200 square meters and offers an immersive and personalized shopping experience. The boutique features a unique design with watchband-inspired marquees, elegant displays, and open exhibition areas. Each brand's DNA is expressed on the surrounding walls, creating a personalized shopping experience.

The collaboration between TimeVallée and El Corte Inglés started in 2019 with a space in El Corte Inglés Diagonal in Barcelona. TimeVallée's CEO, Michael Guenoun, is excited to showcase the new TimeVallée concept in Madrid and provide trustworthy and attentive service to guests.

El Corte Inglés launches the new concept of luxury watch boutique by TimeVallée in Madrid

What: El Corte Inglés has launched a campaign called "Welcome to the New Era" to connect with the younger generation.

Why it is important: The campaign aims to unite fashion, beauty, technology, and food, positioning El Corte Inglés as the go-to destination for Generation Z.

The new campaign features singers Ana Mena and Judeline, as well as actors Óscar Casas, Nicole Wallace, and Álvaro Mel. It showcases both El Corte Inglés' own brands for the youth segment and external brands like Converse, Lacoste, Levi's, and Dr. Martens. "Welcome to the New Era" was presented in Madrid and highlights the department store group's understanding of the new codes and languages that Generation Z lives by.

El Corte Inglés appeals to Gen Z in its latest campaign 

What: Manor has partnered with Zurich-based design brand Round Rivers to launch an exclusive sustainable fashion capsule collection.

Why it is important: The collaboration aims to promote sustainable practices in the fashion industry and raise awareness about upcycling.

The unisex collection, limited to 1,050 items, is made from PET bottles retrieved from the Swiss Limmat river and transformed into recycled swimwear and winter jackets. The collection, which emphasizes sustainability and style, will be available in 15 Manor stores and online from October 30, 2023. Round Rivers' approach not only cleans Swiss waters but also ensures a transparent value creation chain.

Furthermore, Round Rivers' method has a negative carbon footprint. Without their intervention, river waste would be incinerated, turning into CO2. However, due to their short transport distances and sustainable production, the startup emits less CO2 than what would be produced by incineration. Since 2019, Round Rivers has retrieved over 50,000 PET bottles, with 12,950 of them now transformed into reversible unisex winter jackets for the exclusive Manor collaboration.

Manor places a high emphasis on sustainability, evident in their growing range of sustainable products and their commitment to environmental and societal causes. Their sustainability standard in fashion is notably high, with a product only labeled as sustainable if it contains at least 70% sustainable materials. Customers can easily identify Manor's sustainable products through the "REThink Everyday" label.

Manor launches fashion capsule collection with Round Rivers

What: The Mall Group has partnered with Bangkok Bank Public Company Limited to develop new credit card products.

Why it is important: The partnership between The Mall Group and Bangkok Bank brings enhanced benefits to customers, providing a better experience and added value.

The new Bangkok Bank M Visa credit card will be available from December 1, 2023 onwards. Customers who currently hold the SCB M Visa credit card can continue using it until January 31, 2024, after which it will be automatically cancelled.

M Points accumulated on the SCB M Visa credit card will remain in the member's M Card account and can be used for discounts and benefits. The M Points will also be combined with the new Bangkok Bank M Visa credit card once it is applied for and approved. The card can be applied for at any branch of The Mall department stores and shopping centres, as well as through the Bangkok Bank mobile banking service.

The Mall Group collaborates with Bangkok Bank to introduce new credit card products

What: Galeries Lafayette Champs-Elysées is hosting a pop-up experience to celebrate the 30th anniversary of Bape from October 27th to November 14th.

Why it is important: The celebration highlights Bape's significant influence in streetwear and its exclusive collaborations, reinforcing its global brand presence.

The brand will showcase its anniversary collection and exclusive collaborations with Adidas Stan Smith, Adidas Golf, Highsnobiety, and Casio. Over 700 items, including the iconic Bape Sta shoes and an exclusive Bearbrick Baby Milo figurine, will be available, with prices ranging from EUR 39 to EUR 500. Bape has also held anniversary events in New York and Tokyo. The brand's collaboration with Adidas features items adorned with Bape's signature ABC Camo pattern.

Galeries Lafayette Champs-Élysées celebrates 30 years of Bape

What: Galeries Lafayette remains true to their DNA by opening and operating their foundation, Anticipations.

Why it is important: Department stores are not only here to sell products, but also to create emotional bonds with their clientele so that they remain loyal.

Guillaume Houzé, part of the family that owns Galeries Lafayette, Europe's largest department store chain, discusses the store's rich history and its strong ties to culture and art. Founded by Théophile Bader in 1894, the store quickly grew and incorporated grand architectural designs, including Art Nouveau staircases and a prominent glass dome.

Houzé wears multiple hats. Apart from overseeing the brand's image, he's also the president of the National Association for the Development of the Fashion Arts and serves on boards of Christie's France and the Municipal Museum of Modern Art. While retail is deeply embedded in his family's traditions, Houzé's art fascination was particularly influenced by his art-loving grandparents.

Notably, he founded Lafayette Anticipations, a unique private museum in Paris. While it has a collection of its own, it primarily serves as an innovative space for artists to craft new pieces. Architect Rem Koolhaas transformed a 19th-century building into this dynamic space, complete with a versatile steel-and-glass exhibition tower. Unlike traditional museums, Anticipations aims to be a 'toolbox' for artists, offering a place to create and display their work. Houzé views this initiative as an extension of his family's legacy of intertwining retail with art and culture.

Galeries Lafayette place art and artists at the heart of their business

What: El Corte Inglés is in talks with banks to extend the maturity of their debt to 2029.

Why it is important: This move would allow El Corte Inglés to continue benefiting from low-interest debt in a time of rising interest rates.

The company had previously secured a loan of EUR 2.6 billion in 2022, and now it wants to extend the repayment period by one year. The debt reduction efforts made by the company in recent years have contributed to its improved financial position. In the fiscal year ending in February 2023, El Corte Inglés reported a 22.5% increase in revenue, reaching EUR 15.3 billion. The positive performance of the company's business activities led to a significant increase in net profit, reaching EUR 870 million.

El Corte Inglés negotiates to extend the maturity of the debt to 2029

What: Jonak has opened a coffee shop on the 4th floor of Galeries Lafayette Haussmann in Paris.

Why it is important: The opening of a coffee shop by Jonak allows customers to experience a unique combination of trying on shoes while enjoying a coffee, bridging the worlds of fashion and lifestyle.

The pop-up shop will be available from October 26th to November 14th. Customers can try on Jonak shoes while sipping on espresso, cappuccino, or mocha infused with tonka bean. The brand has also created a campaign featuring their top ten favourite cafes in Paris and incorporating them into a city guide. This venture follows Jonak's previous foray into the culinary world by collaborating with bakeries in September. Jonak is known for its high-quality shoes and has recently opened a new silver shop-in-shop at Galeries Lafayette Champs-Elysées.

Galeries Lafayette Haussmann opens a café as a showcasefor Jonak

What: El Corte Inglés has increased its offering of sustainable products by 8.5%, reaching a total of 132,694 sustainable references.

Why it is important: The increase demonstrates the company's commitment to sustainability and provides consumers with more environmentally-friendly options.

The company has implemented internal protocols for sustainable procurement and production, as well as updated its sustainable product guide for suppliers. They have also added new sustainability certifications to their product portfolio.

In the fashion and accessories category, Southern Cotton and Green Coast have emerged as notable sustainable brands, aiming to represent at least 80% of the total brands by 2024. Additionally, El Corte Inglés has launched sustainable toys and has pursued sustainability in its fresh seafood products through MSC/ASC certification.

El Corte Inglés increases its sustainable product offer by 8.5%

What: Manor Solothurn is celebrating its 100th anniversary since opening on October 13, 1923.

Why it is important: The department store aims to continue developing its range of products and services in the future and delighting customers with new brands, exclusive partnerships, and a strong assortment of their own brands.

Manor Solothurn offers a shopping experience in various categories including fashion, accessories, beauty, jewellery, home, toys, electronics, and more. Manor is committed to improving its online channels and will be launching a new version of its mobile app by the end of the year.

In honour of this milestone, Manor is offering a 20% anniversary discount to all Manor cardholders on nearly everything, on October 14, 2023.

Manor celebrates 100 years of Manor Solothurn