All Department stores articles – Page 194
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NewsMarks & Spencer to open in Egypt
Marks & Spencer is to open its first store in Egypt within the next year.
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NewsM&S shareholder gives thumbs-up to Robert Swannell’s appointment
Marks & Spencer’s largest shareholder has welcomed the appointment of its new chairman Robert Swannell.
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Former Selfridges finance man joins Arnotts
Arnotts, the iconic Irish department store that was recently taken over by its banks, has appointed former Selfridges director of finance Ray Hernan as chief operating officer.
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NewsFenwick awards £3.8m dividend despite falling profits
The Fenwick family, owners of the eponymously-named chain of luxury department stores, will receive a dividend of £3.8m despite a drop in both sales and pre-tax profit at their 11 outlets during 2009.
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NewsMyleene Klass fronts Marks & Spencer TV
Marks & Spencer has launched an online fashion show fronted by its brand ambassador Myleene Klass.
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JC Penney Q2 net income reaches £9m
JC Penney has reported net income of $14m (£9m) for the second quarter of 2010, compared with a loss of $1m (£640,000) for the same period last year. Like-for-like sales were positive for the second consecutive quarter, increasing 0.9% from last year, although total sales were down 0.1% at $3.93bn ...
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Nordstrom Q2 earnings rocket 38.6%
Department store chain Nordstrom has reported that its net earnings in the second quarter rocketed 38.6% to $146m (£93.5m). Sales rose 12.7% to $2.42bn (£1.55bn) while like-for-likes increased 8.4%.Multichannel like-for-likes were up 9.9%. Meanwhile, like-for-likes rose 8.2% at full-line stores and 34.1% in Nordstrom’s Direct channel. Nordstrom Rack reported a ...
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NewsHouse of Fraser launches overseas delivery
Department store House of Fraser has launched its overseas delivery service as part of plans to achieve a 150% increase in online sales by the end of the year.
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NewsEarly Sale tactics pay off for West End stores
Department stores reaped rewards by moving their summer Sales forward to benefit from the surge in Middle Eastern shoppers ahead of the Ramadan religious festival.
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NewsNew Arnotts chairman plans brand shake up to appeal to core customer
The new chairman of Irish department store Arnotts, Mark Schwartz, has laid out plans to change the offer of the shop to appeal to its core customer.
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SM Investments' records retail division profits up 25% to £39m
Supermarket and department store operator SM Investments reported its retail division’s profits were up 25% to PHP2.8bn (£39m) in the first half. The growth was attributed to increased operational efficiency and economies of scale resulting from expansion. Total sales were up 12% to PHP63.4bn (£883m). President Harley Sy said: “We ...
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Arnotts chairman leads board reshuffle
Mark Schwartz, who was appointed chairman Arnotts yesterday, has led a reshuffle of the board ofthe Irish department store and is reviewing its senior management team.
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NewsBeales buys Westgate department store in Rochdale
Indie department store chain Beales has bought the Westgate department store in Rochdale for £300,000.
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NewsDebenhams considers sale and leaseback deals
Department store group Debenhams is reportedly considering a sale and leaseback deal over nine of its stores as it looks to pay off debt and invest further in the company.
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Arnotts to retain Richard Nesbitt as chairman
Irish department store Arnotts is expected to retain barrister Richard Nesbitt as chairman if the European Commission rules that the Anglo Irish Bank and Ulster Bank can take control of the business..
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AnalysisWestfield Stratford: John Lewis, but not as we know it
It’s two years to the week that the London Olympic Games start and John Lewis is preparing a store with a difference.
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NewsSelfridges drives Christmas
Selfridges has chosen the theme ‘Play’ for this Christmas, celebrating a return to fun and frivolity and a move away from the more austere traditional festive themes seen at the height of the recession last year.
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NewsArnotts could be sold for €1
The future of Arnotts remains unclear after it emerged that the iconic Irish department store could be sold for a little as €1 as part of plans to restructure its debts.
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Anglo Irish Bank seeks takeover of Arnotts
Iconic Irish department store Arnotts is set to come under the control of Anglo Irish Bank.