All Department stores articles – Page 196
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NewsKarstadt rescued by Nicholas Berggruen and BCBG Max Azria
Insolvent German department store group Karstadt is set to be rescued by a consortium involving German billionaire investor Nicholas Berggruen and luxury fashion house BCBG Max Azria.
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NewsTJ Hughes pulls sale process
TJ Hughes, the discount department store chain, has axed its sale process.
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NewsMohamed Al Fayed explains Harrods sale
Harrods owner Mohamed Al Fayed has explained his decision to sell the legendary department store.
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News
Department store Isetan Mitsukoshi posts £435m loss
Department store Isetan Mitsukoshi posted a consolidated net loss of ¥63.52bn (£435m) in the year ended March 31, which the retailer blamed on sluggish consumption and severe competition. The loss compares with a group net profit of ¥4.68bn (£25m) in the previous year. Sales were down 9.5% to ¥1.29 trillion ...
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News
Debenhams to open its first department store in South Korea
Debenhams is expected to open its first department store in South Korea at the end of this year. South Korean retailer Deben said it signed an exclusive deal with Debenhams in October last year to open and operate branches of the department store in the country.
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NewsBlueGem agrees terms of offer for Liberty
The boards of Liberty and private equity vehicle BlueGem have reached an agreement on the terms of a recommended cash offer for the luxury department store.
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NewsJón Ásgeir Jóhannesson resigns from House of Fraser board
Former Baugur boss Jón Ásgeir Jóhannesson has resigned from the board of department store group house of Fraser after a $2bn fraud lawsuit was filed against him in the US.
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NewsSales leap at Liberty
Sales at upmarket department store Liberty rose 40% in the first four months of this year, owner MWB has reported.
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NewsAdministrators plan closure of nine Vergo Retail department stores
The administrators of Vergo Retail, the department store group which owns Lewis’ in Liverpool, Joplings in Sunderland and Robbs in Hexham, is set to close nine of its stores within the next month in an attempt to stem losses and keep the rest of the business trading.
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Opinion
The Harrods Sale
Mohamed Al Fayed’s sale of Harrods concludes one of the more colourful chapters in UK retailing.
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NewsNew Harrods owners consider international push
The new owner of Harrods, Qatar Holding, is poised to push the button on overseas expansion, including a potential flagship Harrods store in Shanghai, following its £1.5bn acquisition of the Knightsbridge department store at the weekend.
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NewsMohamed Al Fayed sells Harrods
Mohamed Al Fayed has sold Harrods to the Qatari royal family for around £1.5bn.
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NewsLiberty £32m sale moves closer
London department store Liberty has confirmed that it is in talks with private equity firm BlueGem Capital Partners about a possible £32m sale of the business.
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NewsDebenhams showcases Danish expansion move
Debenhams was scheduled to run an analysts’ visit to Copenhagen as Retail Week went to press to demonstrate its integration of Danish department store Magasin du Nord.
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NewsFashion boosts John Lewis sales while Waitrose sparkles in the sun
John Lewis sales rose a “healthy” 11.4% in the week to April 24, as its sister chain Waitrose achieved its highest sales growth of the year.
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News
JC Penney aims for £14.2bn sales by 2014
JC Penney has set new, five-year operational and financial targets to reflect a focus on driving profitable, top-line growth and expanding market share.By the end of its 2014 financial year, the retailer is aiming to increase total sales by more than $5bn (£3.1bn) to reach about $23bn (£14.2 bn).In the ...
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News
Neiman Marcus testing new discount format
Department store operator Neiman Marcus is testing a new discount concept, according to US consumer fashion website Women’s Wear Daily.The 11,000 sq ft store, which opened this month in Dallas, offers designer brands such as Michael Kors, Badgley Mischka and Diane von Furstenberg, with prices ranging between $45 and $300 ...
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News
Saks to close 53 stores
Premium department store chain Saks plans to close up to 20 of its 53 full-line Saks Fifth Avenue stores over time.The exact number of store closures and their timing has not yet been announced, although the company closed its Portland, Oregon store last month. Instead, Saks is pursuing growth through ...
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NewsJohn Lewis launches £6m ad campaign
John Lewis will launch its biggest ever TV advertising campaign on Friday to push its “never knowingly undersold” policy.