All Department stores articles – Page 15
-
AnalysisFrasers or Nordstrom: who is Asos’ perfect match?
Embattled fashion pureplay Asos has recently been at the centre of takeover talks following reports of a £1bn takeover bid by Turkish fast-fashion retailer Trendyol. Frasers Group also sparked speculation by increasing its stake in the fashion retailer three times in two weeks
-
NewsFrasers Group ups stakes in N Brown and Currys
Frasers Group has increased its stakes in fashion retailer N Brown and electricals retailer Currys in a continued shopping spree for Mike Ashley’s retail empire.
-
NewsJohn Lewis scores retail first as net-zero targets win official endorsement
John Lewis Partnership has become the first British retailer to gain validation for its net zero objectives from official body the Science Based Targets Initiative.
-
NewsFrasers Group finalises new Mike Ashley role amid acquisition streak
Frasers Group has made a deal with founder Mike Ashley and he has been formally appointed as a consultant to the fashion giant.
-
GalleryStore gallery: Harrods unveils luxury loungewear and lingerie ‘universe’
Harrods has welcomed shoppers to its new “luxurious lingerie and lounge universe” on its first floor in Knightsbridge, featuring two rooms for customers to “explore every aspect of the ultimate lounge to lingerie wardrobe”.
-
NewsJohn Lewis writes down value of head office as hybrid working persists
Department store chain John Lewis has written down the value of its head office, due to the persistence of working from home and commercial property values.
-
NewsJohn Lewis property chief to step down later this year
John Lewis property supremo Chris Harris has resigned after five years in the role.
-
NewsFrasers Group fashion boss Greg Pateras steps down
Frasers Group fashion chief executive Greg Pateras has confirmed he will step down from his role following his appointment less than a year ago.
-
AnalysisWhat does Frasers stand to gain from taking a £75m stake in AO World?
Mike Ashley’s sprawling retail empire is known to lead with an aggressive acquisition strategy, but news of Frasers Group buying an 18.9% stake in ecommerce electrical retailer AO.com came as a surprise to many.
-
InterviewMeet Naomi Simcock and the team determined to revive John Lewis’ fortunes
While John Lewis Partnership has been dominating headlines for big strategic reasons – such as the possibility of bringing external financing, a full-year slump into the red and the loss of the legendary partners’ bonus – there is still a business to run.
-
NewsWaitrose slashes prices on 200 products as part of £100m investment
Waitrose has unveiled price cuts on more than 200 products across its range as part of an investment to retain customers at a time of persistently high inflation.
-
NewsFrasers Group snaps up £75m stake in AO World
Frasers Group has bought a 19% stake in online electricals retailer AO World.
-
NewsFrasers Group announces joint venture to expand in Indonesia
Frasers Group Asia has announced a new joint venture agreement with PT Map Active Indonesia to launch Sports Direct in the country.
-
NewsFrasers Group ups stake in Asos as takeover speculation swirls
Tycoon Mike Ashley’s Frasers Group has increased its stake in fashion pureplay Asos, which has been at the centre of takeover talk.
-
AnalysisArtificial intelligence: Should you let ChatGPT redesign your store?
Retailers have been using AI behind the scenes to improve accuracy on technical issues such as forecasting, logistics and more, but should they be thinking about harnessing its creative power too?
-
NewsJohn Lewis to source own-range sofa leather exclusively from Waitrose farms
Department store John Lewis is to exclusively use leather from farms that supply sister retailer Waitrose for its own-label sofas and chairs as the two retailers seek to better complement each other and operate sustainably.
-
NewsMarks & Spencer adds more brands online in footwear push
Marks & Spencer has bolstered its online roster of third-party brands as it seeks to gain ground in the footwear category.
-
AnalysisStrategy spotlight: Five ways Frasers Group aims to elevate its proposition
In 2021/22, Frasers Group’s total sales climbed 32.5% to £4.8bn for the 52 weeks to 24 April, 2022, and it recorded pre-tax profits of £335.6m.
-
NewsM&S freezes school uniform prices for third year as cost-of-living crunch persists
Marks & Spencer has frozen the price of its school uniform as shoppers continue to struggle with the high cost of living.
-
AnalysisMachin at M&S one year in: ‘We are always positively dissatisfied’
“All new leadership teams need to arrive like a thunderclap whether they’re coming from inside or outside the business to create that new sense of direction, electricity, appetite for change,” said Marks & Spencer chair Archie Norman as the retailer unveiled full year results.