All Department stores articles – Page 184
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News
Gross sales rIse at Lotte Shopping
Lotte Shopping’s gross sales rose 20.3% to SKW5.5trn (£3.1bn) in its second quarter for 2011. Operating profit rose by 8.1% to SKW437bn (£243.8m) while net profit soared by 17.1% to SKW301bn (£167.9m).For the first six months, gross sales climbed 23.8% to SKW11.2trn (£6.25bn). In terms of sales, the group’s Lotte ...
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News
Isetan Mitsukoshi reports net sales rise
Department store operator Isetan Mitsukoshi reported a net sales rise of 0.2% to ¥289.9bn (£2.31bn) for the first quarter ended June 30. Net profit was ¥16.9bn (£13.5m), compared with a loss of ¥795m (£6.3m) the previous year. The company blamed sluggish sales on low consumer spending after the earthquake in ...
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News
Stockmann reports net sales increase
Department store retailer Stockmann reported net sales rose 13% to E510.2m (£449m) for the second quarter. But net profit fell 43% to E14.7m (£13m).The retailer forecasts second-half 2011 operating profit will outperform the previous year, driving an overall rise in pre-tax earnings. Stockmann expects Russian operations to continue to grow ...
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News
Sales increase for department store Macy’s
Department store operator Macy’s has said sales in the second quarter ended July 30 rose 7.3% to $5.94bn (£3.7bn) and 6.4% on a like-for-like basis. Online sales (Macys.com and Bloomingdales.com) were up 40.2%. Operating income climbed 37% to $506m (£313m).Macy’s chairman, president and chief executive Terry Lundgren said: “All of ...
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NewsDebenhams reveals Indian expansion plans
Department store Debenhams has revealed major expansion plans for India, according to reports.
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NewsFortnum owner gives £58m to charity
Fortnum & Mason’s owners have given £58m to charity after a blow-out year.
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AnalysisOnline vs multichannel
Online has been driving the retail narrative for some time, but now the story is moving on as retailers with a blend of web with bricks and mortar look set to have a happy ending
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News
Department store operator Falabella reports net profit increase
The country’s largest department store operator Falabella reported its second-quarter net profit up 13.7% to CLP108.7bn (£141.6m) on the back of robust domestic demand throughout South America.Falabella’s regional expansion plans paid off as stores in Chile, Colombia and Peru also boosted the retailer’s bottom line.Sales soared 13.3% year-on-year to CLP1.25trn ...
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News
Neiman Marcus announces impressive preliminary results
Upmarket department store chain Neiman Marcus has announced impressive preliminary results for its fourth quarter and full year for 2011. Net sales at the retailer rocketed 11.3% in the fourth quarter to $920m (£564.4m). In the same period, Neiman Marcus Direct revenues were 11% above last year.Like-for-like sales for the ...
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AnalysisRetail Week On The Road: South East and East Anglia
We visit Norfolk, East Anglia, Kent and Essex
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NewsHouse of Fraser to open new format click-and-collect store
House of Fraser is to open a new format click-and-collect store in Aberdeen next month.
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NewsLiberty answers demand for kidswear
Department store Liberty is to open a kids department in February.
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NewsHoF clicks into a new gear
Department store group to take multichannel leap with new format click-and-collect store in Aberdeen
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OpinionRetail destinations of tomorrow take shape
One of the unknown effects of multichannel revolution has been what it means for the shape of physical retail.
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NewsInvestment key as new TJ Hughes owner plans to rebuild the chain
TJ Hughes’ new owner has vowed to invest in the stores to revive the department store retailer in a bid to rebuild it into a nationwide chain within five years.
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NewsHarvey Nichols’ Martin Schofield exits
Harvey Nichols retail operations and IT director Martin Schofield, effectively number two to chief executive Joseph Wan, is to leave the department store group.
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NewsTough trading is set to continue, says Spindler
Trading at value department store group Original Factory Shop has improved in the new financial year, but chief executive Angela Spindler said retail conditions remain tough.
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NewsTJ Hughes stores sold to Lewis's Home Retail
TJ Hughes administrators have sold four of the collapsed retailer’s stores to Lewis’s Home Retail.
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NewsProfits fall at Original Factory Shop
Value department store group Original Factory Shop has posted a fall in profits after a “challenging year” but is confident of continued long-term growth.