Founded in 1928, the IADS is the only expert body specialising in the department store retail format in the world.
The International Association of Department Stores (IADS) is the only expert body specialising globally in the department store retail format. Consisting of leading department store members around the globe, the Association acts as an international network, facilitating exchange and communication between members. It also conducts research to address department stores' current challenges and provide actionable insights for its members.
Together, the IADS members, all key players in their respective markets, create a landscape of various business models and cultures and represent more than €41bn cumulated annual turnover, achieved through more than 563 stores with 257,000 associates in 32 countries.
What: John Lewis has partnered with Savile Row tailor Clothsurgeon on an exclusive 32-piece menswear collection, launching on 8 October online and in five stores.
Why it is important: Exclusive designer capsules have become John Lewis's main lever for repositioning its fashion offer, and this collaboration extends that strategy to menswear.
John Lewis is launching a 32-piece menswear collection with Clothsurgeon, the brand founded in 2012 by creative director Rav Matharu, which opened a Savile Row store in 2022. The range spans tailoring, knitwear, denim, jersey, outerwear and accessories, blending Clothsurgeon's luxury streetwear aesthetic and tailoring expertise with John Lewis's menswear heritage.
Prices run from £29 for ties to £435 for an Italian wool blazer, well below Clothsurgeon's usual range of around £475 for a cashmere jumper to £3,450 for a cashmere coat. The collection reworks brand bestsellers, including the signature double-breasted blazer and tuxedo, using Italian wool, brushed cashmere, Japanese selvedge denim and Portuguese jersey. Footwear includes three styles designed exclusively for Clothsurgeon by British shoemaker Grenson.
The launch comes as John Lewis seeks to build on a 17% rise in tailoring sales this year. The collection will be available from 8 October online and in five stores: Oxford Street, Peter Jones, Stratford, Leeds and Trafford.
Head of menswear buying Beth Pettet described the range as part of a wave of "new tailoring", defined by pared-back design and head-to-toe styling in which knits, tees and trainers replace shirts and ties.
IADS Notes: The Clothsurgeon capsule is the latest in a series of exclusive designer collaborations at John Lewis. The second Rejina Pyo collection used the same distribution, online and in five stores (Drapers, April 2026), while the 44-piece RIXO range, priced from £65, gave shoppers a more accessible way into a premium British label (Press Release, July 2026). The focus on menswear mirrors Harrods, which has rebuilt its men's Designer Collections room around versatile outerwear and knitwear and added a dedicated pop-up space for exclusive capsules and collaborations (WWD, September 2026). Bloomingdale's took a similar approach with Burberry, pairing British heritage with a tiered rollout: a flagship takeover plus pop-ups in twelve further stores (WWD, November 2025). The collection launches as John Lewis pursues "Rise", the three-year plan under chair Jason Tarry to restore market leadership while consumer spending is under pressure (Financial Times, September 2026).
John Lewis and Clothsurgeon collaborate for menswear collection
What: El Corte Inglés is taking full ownership of Viajes El Corte Inglés after Tool Factory agreed to sell its 25% stake following the integration of Logitravel.
Why it is important: Full ownership of its travel business strengthens El Corte Inglés's services ecosystem and gives the group complete control over a growth engine it is actively reinforcing.
El Corte Inglés has reached an agreement with Tool Factory to acquire its 25% stake in Viajes El Corte Inglés, giving the Spanish department store group full control of its travel subsidiary's capital. The transaction stems from the shareholders' agreement signed in February 2022, when Tool Factory took a stake in Grupo Viajes El Corte Inglés as the two companies combined their businesses. While the terms have been agreed, the deal still requires clearance from competition authorities in Spain and Portugal, the CNMC and the Autoridade da Concorrência.
Tool Factory's exit follows the completion of Logitravel's integration into Viajes El Corte Inglés, one of the central objectives of the agreement reached four years ago. The combination brought together Logitravel's digital expertise and El Corte Inglés's physical network of travel agencies, along with its activities in holidays, tour operation, premium travel and corporate services.
Once approved, the deal will leave El Corte Inglés as sole owner of a travel business that combines online capabilities with in-person service. Tool Factory, for its part, will concentrate on investing in hotel assets, which it manages in partnership with Smy Hotels.
IADS Notes: El Corte Inglés's move to take full ownership of its travel subsidiary follows a clear shift in the group's strategy from asset sales and debt reduction toward acquisitions, organisational renewal and a €3 billion investment plan through 2030, led by Cristina Álvarez with McKinsey's guidance (Modaes, April 2026). The group's updated strategic plan, announced alongside a record dividend of around €250 million, explicitly reinforces Viajes El Corte Inglés as a trusted service and a complementary growth engine (El Pais, July 2026). The travel business already works across divisions: for the Formula 1 Grand Prix in Madrid, it created packages combining accommodation and race tickets, while official merchandise was sold online and in stores (El Correo, June 2026). Travel also sits within a wider services ecosystem that includes hospitality, as shown by the partnership with IHG to open Madrid's first Kimpton hotel connected to El Corte Inglés commercial spaces (Le Courrier d'Espagne, June 2026). The buyout echoes Falabella's $159 million acquisition of its partner Organización Corona's minority stakes in Colombia, which gave the group greater operational control over its retail, banking, insurance and service subsidiaries (Modaes, January 2026).
El Corte Inglés is taking full ownership of Viajes El Corte Inglés
What: Magasin du Nord has launched a five-year, DKK 100-million-plus transformation of its Kongens Nytorv flagship, moving personal shoppers onto the sales floor, replacing every escalator and upgrading in-store technology.
Why it is important: The project rebuilds the store around customer behaviour rather than square footage: advice becomes part of the floor, and the online and in-store journeys are designed as one.
Magasin du Nord has begun a five-year transformation of its Kongens Nytorv flagship, investing more than DKK 100 million across buildings totalling almost 59,000 square metres of gross floor area. The store had over 7.1 million visits in 2025; year-to-date traffic is up almost 7%, and group revenue grew close to 10% last financial year.
Personal shoppers will move out onto the sales floor to make advice a visible part of the visit, all escalators will be replaced, and technology will be modernised to make shopping simpler and more inspiring. Retail Director Frederik G.G.G. Nielsen stresses that assortment must be combined with service, advice and experiences, with seamless movement between digital and physical channels. Click-and-collect sales at Kongens Nytorv are up 33% year to date.
The modernisation should also help attract new brands and concepts to an assortment of more than 1,200 brands. Work is under way on the ground floor, the womenswear floor follows in 2027, and the rest of the store will be renovated in phases while it stays open. Magasin frames the project as echoing its 1952 modernisation, and the Magasin du Nord Museum is involved.
IADS Notes: Magasin's Kongens Nytorv investment builds on a solid 2025, when retail sales rose 9% to 3.3 billion kroner, net profit climbed from 59 to 70 million kroner, and 49 million kroner went into upgrading the Aarhus and Lyngby flagships after the Rødovre closure (Nordjyske, April 2026). Competition in the capital has also increased since Salling opened a curated 3,000-square-meter "lifestyle house" at Kultorvet and took over Magasin's former 60-year lease in Rødovre Centrum, a move Magasin publicly welcomed as validation of physical retail (Jyllands-Posten, August 2026). The 33% rise in click-and-collect sales extends a pattern already visible during Christmas 2025, when nearly 7% of December orders were fulfilled through buy online, pick up in store and digital activity drove store visits as well as web sales (Via Ritzau, December 2025). Other department stores have reinvested in their flagships in similar ways. Bloomingdale's 59th Street overhaul combined designer boutiques, immersive environments and upgraded personal shopping, and was followed by five consecutive quarters of sales growth (WWD, March 2026). In Korea, Lotte and Hanwha Galleria are closing weaker branches to fund large-scale renovations of their strongest stores (The Chosun Daily, September 2026).
Magasin du Nord invests over USD 15m (DKK 100m) in transforming its Copenhagen flagship

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