US department stores: Space glut vs productivity gap

US department stores have a tough time ahead – at least that’s according to a new report. They need to close 20% of all anchor space in US malls if they want to return to the productivity levels they had a decade ago, Green Street Advisors claims. The research, reported in The Wall Street Journal,…

John Lewis goes Dutch

Has the world gone mad? John Lewis that perfect example of the British department store is moving to Europe. OK, it’s heading to country-next-door The Netherlands so we’re not talking major cultural mash-up here. But it’s doing it via a deal with de Bijenkorf. Isn’t that the high-end Dutch department store owned by the same…