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Department Stores Need a Makeover

New report shows shoppers are changing.

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By: TOM BRANNA

Editor

The Great Global Recession fundamentally changed the future of retail. It wasn’t the beginning of a behavioral shift; it was the end. The crisis may be over but the implications are not – especially for department stores, Wendy Liebmann, chief executive officer of WSL Strategic Retail, said in her keynote address at the Global Department Store Summit’s opening session. “Shoppers are now bloody-minded. Distrusting. Practical. In control. Many have changed where they shop and ho...

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