The department store was opened in 1908 as the first in Tyrol by the Jewish families Bauer and Schwarz. Under the Nazi regime, it was forced to be sold, to the German firm Ferdinand Kraus, which ran it under this name. It was destroyed in World War II and restored after the war during a 10-year period. The name Kaufhaus Tyrol was introduced in 1966. The store changed owners three more times. In 2004, it was bought by
René Benko, who demolished it in 2005 and built a new store which opened in 2010. The new building caused controversy because of its location in the historic centre of Innsbruck. == Architecture ==