All Department stores articles – Page 197
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NewsBlueGem agrees terms of offer for Liberty
The boards of Liberty and private equity vehicle BlueGem have reached an agreement on the terms of a recommended cash offer for the luxury department store.
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NewsJón Ásgeir Jóhannesson resigns from House of Fraser board
Former Baugur boss Jón Ásgeir Jóhannesson has resigned from the board of department store group house of Fraser after a $2bn fraud lawsuit was filed against him in the US.
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NewsSales leap at Liberty
Sales at upmarket department store Liberty rose 40% in the first four months of this year, owner MWB has reported.
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NewsAdministrators plan closure of nine Vergo Retail department stores
The administrators of Vergo Retail, the department store group which owns Lewis’ in Liverpool, Joplings in Sunderland and Robbs in Hexham, is set to close nine of its stores within the next month in an attempt to stem losses and keep the rest of the business trading.
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Opinion
The Harrods Sale
Mohamed Al Fayed’s sale of Harrods concludes one of the more colourful chapters in UK retailing.
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NewsNew Harrods owners consider international push
The new owner of Harrods, Qatar Holding, is poised to push the button on overseas expansion, including a potential flagship Harrods store in Shanghai, following its £1.5bn acquisition of the Knightsbridge department store at the weekend.
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NewsMohamed Al Fayed sells Harrods
Mohamed Al Fayed has sold Harrods to the Qatari royal family for around £1.5bn.
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NewsLiberty £32m sale moves closer
London department store Liberty has confirmed that it is in talks with private equity firm BlueGem Capital Partners about a possible £32m sale of the business.
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NewsDebenhams showcases Danish expansion move
Debenhams was scheduled to run an analysts’ visit to Copenhagen as Retail Week went to press to demonstrate its integration of Danish department store Magasin du Nord.
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NewsFashion boosts John Lewis sales while Waitrose sparkles in the sun
John Lewis sales rose a “healthy” 11.4% in the week to April 24, as its sister chain Waitrose achieved its highest sales growth of the year.
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News
JC Penney aims for £14.2bn sales by 2014
JC Penney has set new, five-year operational and financial targets to reflect a focus on driving profitable, top-line growth and expanding market share.By the end of its 2014 financial year, the retailer is aiming to increase total sales by more than $5bn (£3.1bn) to reach about $23bn (£14.2 bn).In the ...
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News
Neiman Marcus testing new discount format
Department store operator Neiman Marcus is testing a new discount concept, according to US consumer fashion website Women’s Wear Daily.The 11,000 sq ft store, which opened this month in Dallas, offers designer brands such as Michael Kors, Badgley Mischka and Diane von Furstenberg, with prices ranging between $45 and $300 ...
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News
Saks to close 53 stores
Premium department store chain Saks plans to close up to 20 of its 53 full-line Saks Fifth Avenue stores over time.The exact number of store closures and their timing has not yet been announced, although the company closed its Portland, Oregon store last month. Instead, Saks is pursuing growth through ...
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NewsJohn Lewis launches £6m ad campaign
John Lewis will launch its biggest ever TV advertising campaign on Friday to push its “never knowingly undersold” policy.
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NewsDebenhams interim profits rise as own-bought strategy pays off
Department store group Debenhams has posted higher than expected interim profits after strong performances from its own-bought ranges and market share gains.
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NewsWest End sales boosted by inclement Good Friday
Poor weather and early Spring/Summer fashions sales and bumper volumes of gift food transactions helped to drive respectable retail sales in London’s West End over the Easter Bank Holiday weekend.
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NewsHarrods not for sale, says Mohammed Al Fayed
Harrods owner Mohammed Al Fayed told employees today that the iconic Knightsbridge department store is not for sale.
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NewsLiberty records positive EBITDA for first time in a decade
London department store Liberty has reported that EBITDA was in positive territory for the first time in a decade in the year to December 31.
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NewsPrinciples is Debenhams’ most successful launch yet
Debenhams’ unprecedented marketing campaign featuring disabled models has proved so successful it will consider rolling it out to more stores this summer.
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NewsDebenhams gains market share as sales rise
Debenhams said that like-for-like sales at the department store were on an improving trend and that it has gained market share from rivals.