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.
With cost remaining a decisive factor for consumers, M&S said Friday (January 31) it’s continuing to cut prices of over 300 “family favourite” products with kidswear the latest target.
The high street retailer said it “re-affirms its commitment to delivering trusted value and everyday low prices on the products that matter most to its 32 million customers”.
The latest cuts include an up to 20% price reduction on over 100 products from its ‘everyday essentials’ Kidswear range.
Key pieces include its Cotton Rich Hoodie and Joggers as well as range of Sweatshirts, Leggings and T-Shirts which now start from £5.50, with the retailer saying the reduction in price will not compromise on the “quality or high sourcing standards it is known for”.
Alexandra Dimitriu, Kidswear director, Clothing & Home, said: “Now more than ever, customers are looking for trusted value. When it comes to clothing, we know value is more than just the product’s price – they also want confidence that it is made well and made to last and offers versatility.”
M&S reported positive figures for its festive trading period with total group sales increasing 5.6% to £4.064 billion, but much of the strength was concentrated in the Food area with Clothing, Home & Beauty, rising just 1% to £1.305 billion, with like-for-like sales rising ahead of the market at 1.9% as underlying sales grew 2.6%.
Burberry announced a key appointment on Friday with the luxury business saying it will soon have a new chief information officer.
It has appointed Charlotte Baldwin to the role and she’ll join the business at the end of March. Baldwin will be responsible for leading Burberry’s global technology team and will join the executive committee. She’ll report directly to Burberry CEO Joshua Schulman.
He described her as “a highly experienced technology and digital leader with a track record of leading large-scale digital transformation”.
She hasn’t previously worked in the luxury fashion sector but has wide-ranging experience across some major-name businesses in Britain.
She’s currently the global chief digital and information officer at coffee chain Costa Coffee where she oversees the company’s technology, digital and data organisation.
Prior to joining that firm, she was the chief information, digital and transformation officer at private healthcare giant Bupa’s Bupa Insurance unit. She’s also held senior roles at Freshfields Bruckhaus Deringer, Pearson and Thomson Reuters.
Burberry has been navigating a tough period of late and Schulman joined in the top job last year, tweaking the firm’s strategy. His approach seems to be paying off with the company last week porting improved results, although the turnaround is still undeniable a work in progress.
Another day, another shopping centre delivering a “record-breaking” performance in 2024. This time it’s Gloucester Quays “capping off another year of considerable growth”, for the owner/operator Peel Retail & Leisure.
That included record Christmas trading at the key Gloucester mall, which helped overall sales for the year finish 6.7% ahead of the national average. Across November and December, retail sales grew 3.6% compared with 2023.
Looking at 2024 in total, an overall 7.4% year-on-year sales increase across its tenants was split between 6.1% for retail, and 8.5% for F&B.
But there was also double-digit growth from leading fashion, homewares, and outerwear brands including Next, Skechers, All Saints, Mountain Warehouse, Puma, Crew Clothing and Suit Direct.
It said sustained growth was seen across all categories “points to the increasing relevance of the Gloucester Quays experience”.
Paul Carter, asset director at Peel Retail & Leisure, added: “There have been various headlines this month about how challenged retail was around Christmas, so to have Gloucester Quays performing so well is a real credit to our team and our brands.
“These results also serve as a reminder of how relevant and in demand this outlet is. We have experienced consistent growth for several years, and that success can be put down to the quality of our offer and waterside environment. There is no doubt our catchment is responding to how we have evolved Gloucester Quays, as an urban outlet that combines a compelling shopping environment with dining and leisure to fit all tastes and needs, benefitting from a heritage waterside setting that few regionally can match.”