There are several assessments of the world’s best department stores that are released annually and a new one has given the top title to London’s Fortnum & Mason.
The study was conducted by coupon codes specialist CouponPi, which analysed 50 of the world’s top stores and over 46,000 Google reviews. It considered the average rating of online reviews for each department store alongside the number of times words indicating a positive experience were used.
Fortnum’s, with annual turnover of more than £208 million score the highest with a 10 out of 10 score based on positive sentiment reviews and average ratings out of five (it was at 4.6). The store came ahead of El Palacio de Hierro, Polanco, Mexico City, and another UK store, Liberty London.
In fact, UK and Ireland stores figure prominently on the list with Dublin’s Arnotts in fourth place, and London’s Selfridges fifth.
The rest of the top 10 comprises Printemps Haussmann in Paris, Takashimaya Shopping Centre in Ngee Ann City, Singapore, Bloomingdale’s on 59th Street then Saks Fifth Avenue, Midtown (both in New York) and Le Bon Marché Paradise in Paris.
All of the stores received high ratings (4.5 out of 5 minimum) with the percentage of positive sentiment reviews at 62.1% for the winner and 44.9% for the 10-placed store.
Historic Fortnum & Mason is best known as a purveyor of fine foods, but also sells items like gifts, beauty and accessories.
El Palacio de Hierro is a chain of 16 department stores across Mexico. Its inaugural five-story location was the first iron and steel building in the city, hence earning it the name ‘The Iron Palace’. The flagship store in Polanco was remodelled and reopened in 2016, clearly to great success.The department store scores 9.6 out of 10, with an average rating of 4.6 and a 57.4% positive sentiment rating. Reviewers rave about its cleanliness, spaciousness, and choice of brands.
Liberty London, umistakable due to its black and white mock Tudor storefront (made from the timber of two battleships) has a positivity score of 55.3%. Reviewers describe a visit to Liberty London as “a sensorial delight” and “the most beautiful department store of all time”, and suggest a visit to the historic haberdashery and textiles section.
Almost 200-years-old, Arnotts is the oldest and largest department store in Ireland. Now owned by Selfridges, it has a 60.9% positive sentiment score, with reviewers praising “really nice, charming and helpful staff” who go “above and beyond” or that “truly made my day”.
London’s Selfridges is the second-largest retail premises in the UK at a huge 50,000 sq m (Harrods is the largest). Reviewers mention the world-famous window displays and exclusive products.
The report also came up with the word’s top department stores at Christmas using the same criteria. Here, Saks Fifth Avenue won, followed by Le Bon Marché, Liberty, Macy’s State Street in Chicago, Selfridges in London, Isetan Shinjuku in Tokyo, Galeries Lafayette Haussmann in Paris, and London’s Harrods.
The full report on the world’s top department store can be found athttps://www.couponpi.com/blog/best-department-stores.
German retail sales rose in 2024, but growth should be more modest this year due to the high level of uncertainty, according to retail association HDE.
Last year, retail sales rose 1.1% compared to the previous year in inflation-adjusted terms, official data showed on Friday. The HDE forecasts 0.5% growth in real terms this year.
“Consumption and the retail sector in Germany will not really gain momentum in 2025 either,” said HDE managing director Stefan Genth. “There is simply too much uncertainty,” he said. “Wars, high energy costs and overall economic stagnation are a toxic cocktail for consumption.”
In nominal terms, retail sales rose by 2.5% in 2024 and are expected to grow by 2.0% in 2025, according to HDE’s forecast.
The latest HDE survey with 700 retailers shows that 22% of respondents expect sales to increase this year, while almost half of them expect results to be below the previous year’s level.
In December, retail sales fell by 1.6% compared with the previous month, official data showed. Analysts had predicted a 0.2% increase.
Many big names in UK retail had a good Christmas season — despite the sector being generally sluggish — but it seems John Lewis Partnership (JLP) may not have been one of them.
The retailer — which operates its eponymous department stores and webstore, plus Waitrose supermarkets — has missed its profit target after a disappointing festive season.
It hasn’t shared any info officially but internal documents seen by The Telegraph suggest bad news to come when it does release its results.
Those internal documents have only been shared with staff so far with the company saying that sales have fallen short of expectations and it’s unlikely to achieve its hoped-for £131 million full-year profit.
The company is said to have blamed “lower consumer confidence and weaker than expected market confidence” for the sales miss in the month to 21 December, although also the fact that key trading days fell outside the period.
Sales targets were missed at both of the firm’s chains, although the newspaper said it still claimed it outperformed rivals and staff should be “proud of our performance”.
It will be interesting therefore to see exactly what its figures were as a number of rivals have actually reported a good Christmas. If its stores have beaten other supermarkets and chains like M&S, perhaps its targets were too ambitious in the first place.
We won’t know for a while, but we do know that with M&S resurgent, JLP’s supermarkets and department stores have lost some of their lustre as the destination of choice for Britain’s middle classes.
So what were the firm’s benchmarks? Back in September it had said it was seeing strong demand and expected a significant rise in profits for the year to January. The prior year’s pre-tax profit had been £56 million and the year before that it made a loss.
It had also talked about its turnaround efforts paying off and that it was seeing a “considerable improvement” in performance, with the John Lewis chain in particular expected to benefit from a buoyant second half.
Christian Dior Couture announced on Friday that Kim Jones, its Dior Homme artistic director, is leaving the post after seven years.
It’s been rumoured for some time that he would exit the label but it’s not yet known what his next step will be.
Jones has been widely praised for his work at Dior with his latest men’s collection shown this month being hailed as a success.
He’s been a key creative at LVMH having also designed its Fendi women’s collections. And he helmed Louis Vuitton’s menswear before he joined Dior.
The company said it “wishes to express its deepest gratitude” to the designer “who has accelerated the development of Men’s collections internationally and has greatly contributed to the worldwide influence of the House by creating an inspiring wardrobe that is both classic and contemporary, and connected to some artists of our time”.
And Delphine Arnault, who’s chairman and CEO of Christian Dior Couture,added: “I am extremely grateful for the remarkable work done by Kim Jones, his studio, and the ateliers. With all his talent and creativity, he has constantly reinterpreted the House’s heritage with genuine freedom of tone and surprising, highly desirable artistic collaborations.”
Jones meanwhile called it a “true honour to have been able to create my collections within the House of Dior, a symbol of absolute excellence. I express my deep gratitude to my studio and the ateliers who have accompanied me on this wonderful journey. They have brought my creations to life. I would also like to take this opportunity to thank the artists and friends I have met through my collaborations. Lastly, I feel sincere gratitude towards Bernard and Delphine Arnault, who have given me their full support.”