All Department stores articles – Page 193
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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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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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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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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, ...
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NewsTycoon Jagtiani amasses $1bn fund for raid on UK fashion retail
Dubai retail tycoon Micky Jagtiani has amassed a $1bn (£628.2m) fund for acquisitions next year and is again eyeing UK fashion retailers.
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NewsWaitrose plans roll-out of new non-food areas
Waitrose has identified 60 stores where it will introduce the revamped non-food area it debuted in its Meanwood supermarket in Leeds earlier this month.
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NewsEmerging technology will be Christmas best-seller
John Lewis has said emerging technology will be a hit this Christmas, alongside quality heritage products.
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NewsM&S urges caution despite increase in sales
Marks & Spencer beat second-quarter sales expectations but chief executive Marc Bolland remained cautious about prospects. Despite Bolland’s wariness, and a rise in costs such as marketing, analysts upgraded their forecasts ahead of a strategic update next month.
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GalleryHyundai department store Ilsan, Seoul
The newly-opened Hyundai department store in Ilsan, just outside Seoul, is the kind of thing that you just don’t see in Europe or North America these days. This is 430,000 sq ft of retail space, organised over 10 floors, with everything from a supermarket and deli in the basement, to ...
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NewsHouse of Fraser asks Lloyds to up its stake
House of Fraser has asked Lloyds Banking Group to increase its share in the department store as part of a property deal.
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NewsHarrods reaches record profit on successful ‘superbrands’ revamp
Harrods managing director Michael Ward has heralded the renaissance of the superbrand and said shoppers have continued to trade up to investment pieces post recession.
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AnalysisUnited we stand
When JJB Sports lost its battle earlier this summer to de-recognise the GMB union that represents staff at its Wigan warehouse, the case illustrated the conflict-ridden relationships that some retailers continue to have with unions.