All Department stores articles – Page 207
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NewsWhistleblower ‘despaired’ about direction M&S taking
The former Marks & Spencer employee who leaked an internal memo to The Times detailing plans to slash redundancy pay did so because he “despaired” about the direction the retailer was taking.
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NewsJohn Lewis reports steady week
John Lewis has reported a consistent week of trading, with weekly sales down 3.1 per cent.
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Sun and self-help lift Marks & Spencer trade
Good weather, self-help initiatives and greater market stability may have boosted trading at Marks & Spencer, City brokers believe.
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NewsHomeForm trials concessions in Bhs Home stores
HomeForm has opened concessions in four Bhs Home stores as it seeks to reach a wider audience.
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Shopper’s Stop sales rise 9 per cent
Indian retail group Shopper’s Stop has revealed sales rose 9 per cent to INR3.5bn (£46.9m) for the quarter to the end of March.The group – which operates large-format department stores, home stores and speciality retailers including Mothercare in the country – said margin for the quarter increased 4 per cent. ...
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NewsJohn Lewis to launch standalone home and electricals format
John Lewis is to open standalone homewares and electricals stores in a bid to gain greater coverage of the UK market.
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Harvey Nichols to widen appeal with young-fashion offer
Upscale department store group Harvey Nichols will launch a young-fashion offer early next year as part of chief executive Joseph Wan’s strategy to beat the downturn.
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NewsJohn Lewis reports mixed week
Department store chain John Lewis has reported a mixed week with sales down 5.1 per cent.John Lewis said the good weather made the start of the week slow, with both Sunday and Monday showing decreases. The retailer said trade improved through the week but was still challenging, building towards Thursday ...
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Interest in Woolworths Germany
Several parties have expressed an interest in Woolworths Germany after the retailer filed for insolvency last month.The department store group, which was backed by British investor Argyll Partners, has received interest from local parties as well as some foreign investors. Administrator Ottmar Hermann is said to be in talks with ...
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NewsDebenhams to cut down concession space
Debenhams will reduce its concession space by 450,000 sq ft as sales from own-bought ranges drive performance.
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NewsRetail insolvencies rise 60 per cent
Retail collapses soared in the first quarter as companies fell victim to falling consumer confidence and a deteriorating financing environment.On average, more than seven retailers hit the wall a day in the three months to March. The number of insolvencies jumped 24 per cent on the previous quarter, according to ...
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NewsRetail sales bounce back in March
Retail sales volumes returned to positive territory in March, driven by a strong performance from food and fashion retailers.
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NewsJohn Lewis says trade remains challenging
John Lewis has reported a slump in weekly sales of 11.6 per cent as the department store chain said the “trading climate remains challenging”.
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NewsLiberty losses widen but sales climb
Iconic London department store Liberty has reported that pre-tax losses widened slightly for the year to December 31, but sales rose 9 per cent to £50.2m.For the full year, Liberty said pre-tax losses increased from £6.4m in 2007 to £7m. The group highlighted that large one-off costs such as the ...
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AnalysisSelfridges: The making of a British icon
Selfridges is celebrating its centenary this year. Charlotte Hardie explains what has made it one of the world’s most iconic stores and why Gordon Selfridge’s legacy will endure
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NewsHamleys to exit House of Fraser as it eyes bigger stores
Hamleys is pulling the plug on its House of Fraser concessions as it concentrates on opening large standalone stores in the UK.
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Arcandor to restructure
Arcandor, operator of department store chain Karstadt and home shopping group Primondo, is to restructure its business at a cost of €900m (£800.4m) over the next five years.Karstadt will form part of a new management board-level division called Atrys. Arcandor aims to save 5 per cent of its €7bn (£6.23bn) ...
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NewsDebenhams first-half profits rise and second half starts well
Debenhams has revealed a strong start to its second half after notching up a 10.7 per cent rise in first-half pre-tax profits.
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NewsJohn Lewis reports strongest week of year
Department store group John Lewis has reported its strongest week of the year to date, with sales down just 1.5 per cent.For the week ending April 11, John Lewis said it had been fortunate “to enjoy a more clement spring for the season as a whole” and trade has done ...
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Debenhams launches outlet site to tap into shift in shopper habits
Debenhams will launch an outlet store online on Monday, allowing customers all-year-round access to products at prices up to 70 per cent cheaper than in its stores.