All Department stores articles – Page 194
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OpinionDon’t fall into the VAT trap
Get beyond the VAT rise and focus on the retail essentials to succeed, says Angela Spindler
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News
Falabella to invest £2.3bn to open 215 new stores and 16 new shopping centres
Department store and DIY retailer Falabella is accelerating its growth plans and now aims to invest $3.51bn (£2.3bn) between 2011 and 2015 to open 215 new stores and 16 new shopping centres.The retailer, which opened 27 new stores and three new shopping centres last year, previously expected to invest $2.57bn ...
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NewsSelfridges names new buying directors
Selfridges has promoted Sebastian Manes and David Walker-Smith to buying directors, splitting the buying director role vacated by Anne Pitcher when she was named managing director of the iconic department store chain last week.
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NewsThe Original Factory Shop Christmas like-for-likes up 5%
The Original Factory Shop has reported like-for-like sales up 5% over the Christmas period with sales of outdoor products strong in the snow.
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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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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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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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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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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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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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News
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.