All Department stores articles – Page 153
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AnalysisDebenhams boss Michael Sharp: profit warning 'does not diminish long term growth prospects'
Department store Debenhams chief executive Michael Sharp insisted today’s shock profit warning was due to a “one-off issue” caused by January’s snowfall, the impact of which will be felt across the high street. Retail Week speaks to Sharp.
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NewsDebenhams issues profit warning after snow hits sales
Department store group Debenhams has issued a profit warning for its first half after snow affected sales in January and margins took a tumble.
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NewsHalf-term and cold weather drives John Lewis sales up 17%
Sales at department store John Lewis rocketed 17.2% to £63.3m in the week to February 23, as half-term and cold weather helped to boost performance.
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AnalysisCampaign of the week: Department store Debenhams, Life Made Fabulous
Debenhams’ new ad campaign sticks to the “winning formula” of showcasing star fashion designers, this time Ben de Lisi and Jasper Conran.
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NewsJohn Lewis staff in consultation as it relocates distribution centre
John Lewis is to relocate a key distribution centre from west London to Milton Keynes putting 560 staff under consultation.
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OpinionNick Bubb's verdict: The John Lewis question is sanity versus vanity
The old adage is that “sales are vanity, profits are sanity”, so has the mighty JLP managed to translate its impressive top-line growth to the bottom-line?
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NewsJohn Lewis to invest £57m in store refurbs over next two years
Department store John Lewis is to invest £32m in an “extensive” refurbishment programme across four shops in the next two years, including its flagship on London’s Oxford Street.
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NewsJohn Lewis weekly sales jump 8.3% as electricals drive growth
John Lewis sales jumped 8.3% to £63.2m in the week to February 16 as electricals and home technology once again powered growth.
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NewsJohn Lewis inks deal with Collect+ to enable easier customer returns
John Lewis’ online customers will be able to return fashion purchases through convenience stores after the retailer signed up to parcel service Collect+.
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News
Department store group Karstadt publishes 2011 figures
Department store group Karstadt has - 14 months after the end of the reporting period - published its figures for the year from October 1, 2010 to September 30, 2011.The retailer reported that sales fell 3.2% to E3.23bn (£2.79bn), resulting in a net loss of E20.8m (£18m).
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AnalysisAnalysis: The retailers’ pursuit for favourable UK lease terms
Fashion giant H&M is reported to have challenged the status quo last year with a hefty set of lease demands. How will landlords respond?
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OpinionComment: Department store Selfridges is the star of the show
From the sitcom Are You Being Served? to the drama A Woman of Substance, department stores have long provided rich material for TV.
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NewsJohn Lewis sales up 22% as it benefits from weak comparatives
Department store group John Lewis delivered sales up 22% to £63.7m last week as it revealed positive like-for-likes for every shop year on year.
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NewsJohn Lewis to cut 325 department managers in the face of online shift
Department store group John Lewis is to axe 325 jobs in store as the retailer looks to cut costs and rebalance the business to support its rapid online growth.
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OpinionComment: Homewares retailer Dunelm reports a successful first half
Homewares specialist Dunelm has shown itself to be a dab hand at convincing consumers to spruce up their houses, despite tough times, by unveiling a first-half profit growth.
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News
Galeries Lafayette to open first Chinese store
Galeries Lafayette is to open its first Chinese store in the Xidan commercial district of Beijing in September. It will occupy six floors and cover 516,000 sq ft.Beijing Galeries Lafayette managing director Shen Lang said the store will offer young Chinese shoppers “quality, innovation and uniqueness”.
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NewsJohn Lewis has 'great start' to financial year as sales soar 20.6%
Department store John Lewis “great start” to its new financial year as sales soared 20.6% last week as the Six Nations rugby boosted sales at sister retailer Waitrose.
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AnalysisSites: John Lewis Vs Boots
Trenton Moss, Chief executive of Webcredible, shares his view of good and bad sites.
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NewsBeales falls into the red as it refinances with asset-based deal
Beales has secured an asset-based refinancing with Burdale after it fell into the red as like-for-likes dropped 5.6% last year.
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GalleryStore gallery: Fashion retailers show off new season via window displays
As the Christmas Sales draw to an end, what are retailers on London’s Oxford Street doing to banish the winter blues and usher in the new shopping season? John Ryan reports.