By Planet Retail2011-01-06T09:30:00+00:00
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).
Debenhams’ chief executive Stefaan Vansteenkiste has stepped down as the department store group prepares for the next phase of its turnaround.
The Entertainer is set to reopen stores in keeping with government guidelines on June 15 and has introduced new fast-track measures to help serve customers as fast as possible.
Harrods is to open an outlet store at Westfield London to help it shift excess seasonal stock that has gone unsold during the coronavirus crisis.
The coronavirus crisis will wipe $2.1trn (£1.7trn) off of global retail sales in 2020, new data has predicted.
The coronavirus outbreak has sparked fears and headlines worldwide since emerging in the Chinese city of Wuhan at the start of the year.
Several retailers have pledged money to the appeal to support those fighting the devastating bushfires in Australia.
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