All Department stores articles – Page 28
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Analysis
Analysis: Is small the new big for department stores?
Alongside the news that Macy’s will be shutting 125 stores over the next three years as part of a cost-cutting initiative, the department store retailer also unveiled plans for a smaller-format store.
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News
Marks & Spencer poaches former N Brown exec for finance role
Marks & Spencer’s hiring spree continues with the news it has appointed a finance chief for its food arm as it continues its turnaround efforts.
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News
New John Lewis chair braces staff for store closures and job losses
John Lewis Partnership’s new chair Dame Sharon White has warned staff the retailer may need to reduce its store estate and cut jobs in a bid to improve profitability.
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Opinion
Opinion: Can strategy hires drive transformation at M&S and John Lewis?
In the course of two days, two of retail’s biggest and most challenged names appointed strategy directors as they seek to transform themselves and tap into tomorrow’s world.
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News
Animal rights group Peta buys stake in Frasers Group
The animal rights group Peta has bought a stake in Mike Ashley’s Frasers Group, allowing activists to attend the retailer’s annual investors meeting in September.
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News
M&S names non-exec as strategy and transformation director
Marks & Spencer has appointed current non-executive director Katie Bickerstaffe as its new strategy and transformation director.
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News
Macy’s to shut 125 stores and axe 2,000 jobs
Macy’s is to close 125 stores and axe thousands of head office roles over the next three years as part of a $1.5bn (£1.15bn) cost-cutting drive.
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News
Banned director works on new department store chain
A businessman banned from being a company director is involved in a new department store business.
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News
John Lewis loses another member of top team
John Lewis & Partners customer director Craig Inglis is stepping down in March after 12 years at the business.
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News
Nordstrom launches second-hand clothing range in flagship store
US department store group Nordstrom is to sell used clothes in its New York flagship store and online to tap into consumer demand for second-hand goods as shopping habits change.
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Opinion
Opinion: If it isn’t stylish, fashion can forget sustainability
Fashion has always been a sector that leads change. What we see happening in this market often has the potential to set the pace of change across the retail industry.
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Analysis
Who nailed the New Year’s Sales?
From Black Friday to Boxing Day, the Christmas trading period wouldn’t be complete without Sales. But how can retailers make sure to hit the right mark?
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Opinion
Opinion: Retailers must embrace the experience economy lifeline
The retail sector hasn’t exactly entered the decade on a high.
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News
Marks & Spencer snaps up property director from Asda
Marks & Spencer has appointed a new property director from Asda in its second big hire to be revealed today.
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News
John Lewis sales fall exacerbated by poor homewares demand
John Lewis has reported a decline in its weekly sales as demand for Clearance items tailed off and home sales dropped.
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News
Beales collapses into administration
Department store Beales has fallen into administration today after a crunch meeting about the future of the business failed to prevent collapse.
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Analysis
New year, new you? The retailers in need of reinvention
Many people have started the new year with a mission to reinvent themselves. Lose weight, get more organised, find a new job. Which retailers could benefit from adopting a similar approach and what could their reinventions look like?
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Analysis
Analysis: Department store Darwinism – how the fittest thrive
Department stores have suffered a dismal few years. Once-loved names such as Debenhams and House of Fraser are in the emergency room after their administrations and profits have evaporated at bellwether John Lewis.
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News
Lush eyes former Debenhams and House of Fraser stores
Lush is considering swooping on vacant Debenhams and House of Fraser stores following the success of its large store in Liverpool.
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Analysis
From shunning toys to value-led shopping – the trends that defined Christmas
It has been a festive trading period dubbed by the BRC as “the worst on record”. With this week bringing the departure of a retail boss from one business and a profit warning at another, it does have the markings of a bleak Christmas.