Department Store news and archive

Harvey Nichols enters the world of NFTs

British luxury department store Harvey Nichols has become another player in the non-fungible token (NFT) sphere, with the launch of a 20,000 avatar collection and related consumer competition. The NFT avatars were made in collaboration with Rtfkt Studios’ Clone X Project, with some additions also designed by Japanese contemporary artist, Takashi...

BusinessFeatured

Selfridges posts record sales thanks to experiential offer

Selfridges has reported a 6 percent increase in sales to 1.85 billion pounds for the year ending February, with the luxury department store chain crediting its investments in experiential spaces. The company’s operating profits were 170 million pounds, however, slightly down on the 175 million pounds from the previous year and reflective of the...

RetailFeatured

BREAKING: Colette to shut its doors for good this year

London - It's the end of an era in fashion retail, as leading Parisian department store Colette, is set to close down its doors for good this year after twenty years of trading. "As all good things must come to an end, after twenty wonderful years, Colette should be closing its doors on December 20th of this year," read a statement on Colette's...