All Department stores articles – Page 191
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News
Kohl's and Macy's records flat Q3 profits
Department store retailers Kohl’s and Macy’s have reported their third-quarter results for the period ended 30 October. Kohl’s reported its net profit for the third quarter was flat at $194m (£120.3m), compared with $193m (£119.7m) a year ago. Net sales for the quarter were $4.2bn (£2.6bn), an increase of ...
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NewsJohn Lewis reports strong start to week
John Lewis saw sales surge 11.3% over the last four days driven by a strong performance from fashion and helped by the colder weather.
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NewsSelfridges owner snaps up Holland's de Bijenkorf chain
The owner of UK department store chain Selfridges has snapped up de Bijenkorf, the Dutch luxury department store chain, for an undisclosed sum from Dutch retail group Maxeda.
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NewsDebenhams launches 'Christmas Spectacular' Sale
Debenhams is to launch its first ‘Christmas Spectacular’ Sale on Wednesday, offering price cuts of up to 25%.
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NewsChristmas sales drive John Lewis uplift
Department store John Lewis said that sales rose 11.5% week-on-week in the seven days to Saturday November 13, driven by home entertaining and Christmas decoration products.
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NewsLand Securities raises rental charges as retailers look to grow
Landlord Land Securities’ rental values increased 1.1% across its portfolio as it benefited from an improving property market.
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NewsKarstadt woos department store guru Jennings
Department stores veteran Andrew Jennings is being wooed for a top role at German retailer Karstadt, it is understood.
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NewsBolland’s plan for M&S can restore £1bn profit
Bolland outlines aim to exploit the brand, develop multichannel and up overseas growth
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NewsNew boss for TJ Hughes as Tennant steps down
TJ Hughes chief executive Sue Tennant will leave the discount department store group at the end of the year, five months after private equity backers Silverfleet pulled a sale of the business.
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NewsRob Templeman appointed non-exec chairman at Gala Coral
Debenhams chief executive Rob Templeman has been appointed non-executive chairman of gambling company Gala Coral.
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NewsMorleys Stores buys Pearsons
Independent department store group Morleys Stores has acquired family-owned independent department store Pearsons.
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NewsNew stores aid TJ Hughes’s profit rise
Discount department store chain TJ Hughes posted a pre-tax profit hike of 22% to £6.8m for the year to January 30, compared with £5.3m the previous year, driven by store openings and growth in online sales.
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NewsM&S on track to hit £500m online sales over Christmas
Shop Your Way initiative helps retailer to meet target three months ahead of year-end schedule
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News
Shoppers Stop Q2 turnover increases 23%
Shoppers Stop reported a 23% jump in turnover for its second quarter ended September 30. Turnover reached INR509 crore (£7.1m) compared with INR412 crore (£5.7m) for the prior-year period. Net profit soared 44% to INR17.4 crore (£243,855) against INR12.1 crore (£169,550) the previous year. “The surge in consumer confidence has ...
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News
Lotte Shopping Q3 sales up 23.1% to £1.9bn
Lotte Shopping has reported a strong set of results for its third quarter with gross sales up 23.1% to KRW3.5trn (£1.9bn). Operating profit was up by 44.7% to KRW241bn (£133m), while net profit increased 25.7% to KRW183bn (£86m). It had a good performance in all divisions, with like-for-like sales growth ...
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NewsSelfridges sees 19% rise in pre-tax profits
Department store chain Selfridges has reported a 19% rise in pre-tax profits to £65.7m over the year to January 30.
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Opinion
John Lewis Partnership to deliver more targeted campaigns with new system
John Lewis and Waitrose will implement a new system to deliver more targeted and personalised marketing campaigns to their customers.
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NewsM&S mulls plot to return to Europe
Marks & Spencer is understood to be plotting a return to mainland Europe by buying back shops that it sold almost 10 years ago, according to reports.
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NewsKaren Millen opens pilot accessories standalone
Fashion retailer Karen Millen yesterday opened a pilot standalone accessories store that will be rolled out to airports and department store concessions if successful.
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News
Anti-Japan protests close Isetan Mitsukoshi store
Japan-based department store group Isetan Mitsukoshi was forced to suspend operations at its store in Chengdu in Sichuan province in China due to violent anti-Japan protests. As Japanese retail stores may remain targets of protests, it is uncertain whether Isetan Mitsukoshi can implement store opening plans in China. At present, ...