All Department stores articles – Page 189
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NewsInvestors still cold on the retail sector
General retailers and grocers were both left on the shelf by investors and the market was flat overall.
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NewsConsumers will still carry on shopping, M&S chief believes
Marks & Spencer chief executive Marc Bolland does not expect consumer demand to fall off a cliff this year, despite an expected squeeze on income and economic uncertainty.
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News
US retailers issue mixed trading updates
Retailers have been issuing Christmas trading updates. Department store group Kohl’s reported total sales for the five weeks ended January 1 up 5.9% to $3.19bn (£2.05bn) over the comparable period the previous year. On a like-for-like sales basis, December sales increased 3.9%.Clothing retailer Limited Brands reported like-for-like sales up 5% ...
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News
Galeries Lafayette Christmas sales rise 10%
Galeries Lafayette posted a sales rise of 10% on the year over the 2010 Christmas period. The Paris flagship store in Boulevard Haussmann recorded an increase of 17%, while sales at other stores rocketed 8%.
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NewsSelfridges' Anne Pitcher promoted to managing director
Selfridges has promoted buying and merchandising director Anne Pitcher to managing director of the iconic department store chain.
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NewsFortnum & Mason reveals record Christmas
Luxury department store Fortnum & Mason has notched up a record Christmas despite, it said, the snow, tube strikes and student riots in central London.
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NewsHouse of Fraser enjoys record Christmas
House of Fraser has posted a record Christmas with like-for-like sales increasing 8.5% in the five weeks to January 8, despite last month’s snow.
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NewsDebenhams like-for-likes slow, market share up
Debenhams has revealed that like-for-like sales at the department store chain were impacted by the snow in December but added that it had notched up market share gains across the board.
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Opinion
Under the weather
The snow, swine flu, and subdued consumer sentiment conspired to keep shoppers away from stores in December.
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AnalysisRose: the legacy
After almost seven years, Sir Stuart Rose has finally cut his links to Marks & Spencer. How big an impact did he have on the retailer, asks George MacDonald
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NewsStore chiefs warn interest rate hike would rock retail
Keeping interest rates low is vital for the retail industry this year, says Next boss
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NewsJohn Lewis Partnership to invest £500m this year
John Lewis Partnership is to invest a record £500m in 2011 and indicated that the John Lewis chain will be ready to expand overseas by the year’s end.
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News
Sears to launch movie download service
Department store group Sears has unveiled plans to launch a movie download service at its eponymous and Kmart stores. The service, called Alphaline Entertainment, would be available to users on a variety of devices, including mobile, and will offer customers the ability to download movies and TV shows the same ...
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News
Christmas sales increases for retailers in India
Retailers have reported strong increases in sales over the Christmas weekend, as rising confidence levels in a fast-recovering economy encouraged shoppers to spend more. Future Group’s department store Pantaloons reported a 30% increase in sales over last year and a 20% rise in footfall. Top selling items included partywear, formalwear, ...
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J Front Retailing revenue falls 3.1% to £5.4bn
Revenues at department store group J Front Retailing fell by 3.1% to ¥687.8bn (£5.4bn) in the nine months ending November 30, 2010. Operating profit increased by 3.5% to ¥9.3bn (£73.2m) while net profit doubled to ¥4.8bn (£37.8m).
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NewsArnotts reverses sales and EBITDA declines
Troubled Dublin department store Arnotts said that it expected sales to have bounced back in 2010 after a dramatic fall off in turnover the previous year.
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NewsShop Direct to launch new brand targeting mature market
Online giant Shop Direct Group is launching an online department store on Saturday aimed at style-conscious mature customers.
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NewsJohn Lewis reports "outstanding" Christmas and Clearance Sales
John Lewis has reported like-for-like sales up 7.6% over Christmas in the five weeks to January 1.
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NewsHarvey Nichols reports record Sale
Harvey Nichols, the luxury department store business, said that its post-Christmas Sale had broken records despite tube strikes in the capital, reduced trading hours on Boxing Day and problems with transportation due to the snow.
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NewsJohn Lewis beats snow to post sales leap
Despite taking a sales hit of almost £5m on Saturday, department store chain John Lewis managed to achieve turnover of more than £120m for the second week running and for only the second time in its history.