All Department stores articles – Page 198
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NewsArnotts enlists help
Irish department store Arnotts’ banks have drafted in a team of specialists including former Brown Thomas chief executive Nigel Blow to identify growth opportunities at the troubled business.
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NewsJohn Lewis Partnership pre-tax profits up 9.7%
John Lewis Partnership has reported pre-tax and bonus profits up 9.7% to £306.6m and staff shared a £151.3m bonus pot, 15% of salary.
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NewsJohn Lewis commercial director takes on 'bricks and clicks'
John Lewis has charged commercial director Andrea O’Donnell with overseeing retail development, format development and retail implementation at the department store chain.
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Kohl’s sales up 4.8%
Department store operator Kohl’s achieved net income of $991m (£664.6m) last year compared with $885m (£593.5m) the previous financial year.Net sales climbed 4.8% to $17.2bn (£11.5bn) and comparable store sales increased 0.4% against the previous year. Kohl’s ended the year with 1,058 stores in 49 states; it opened 56 outlets ...
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NewsLiberty considers freehold sale of iconic flagship store
Liberty has confirmed that investors are circling the luxury department store’s iconic Tudor-style building to lease it back to the company.
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Customer satisfaction with top retailers improves
Customers’ satisfaction with retailers improved for the first time after three quarters of small declines, according to the National Customer Satisfaction Index.
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NewsHouse of Fraser to open first overseas shops in Middle East
House of Fraser has entered into a partnership with Retail Arabia International to open stores in the Middle East.
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NewsIconic Liverpool department store Lewis’s to close
Lewis’s, the 154-year-old department store in Liverpool, will close in June with the loss of 200 jobs.
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NewsLiberty dresses window with Alexander McQueen tribute
London department store Liberty dressed one of its windows in memory of fashion designer Alexander McQueen on Monday.
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NewsBhs to test water with store design makeover
Fashion group Arcadia will try out a new look for its department store chain Bhs in one store in May.
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House of Fraser drafts in web guru Robin Terrell
House of Fraser has drafted in multichannel wizard Robin Terrell to lead online and international operations at the department store group.
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NewsHouse of Fraser asks banks to relax lending terms
House of Fraser has asked its banks to relax lending terms on its borrowings to give it headroom to buy more stock.
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NewsSir Richard Greenbury defends Marc Bolland’s M&S reward
Sir Richard Greenbury, ex-chairman and chief executive of Marks & Spencer, who led the retailer to profits of more than £1bn for the first time, has defended the reward package given to incoming boss Marc Bolland.
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NewsJohn Lewis ends year ‘in fine form’
Department store chain John Lewis and grocery stablemate Waitrose have both reported strong trading in the final week of their financial year.
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NewsDebenhams’ Rob Templeman linked to bid for DFS
Debenhams chief executive Rob Templeman is said to be considering a tie-up with private equity firm Cinven to mount a £500m bid for furniture group DFS.
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Macy's to cut 1,500 jobs
Department store operator Macy’s is to cut 1,500 store-level jobs, according to reports in the US press.The move comes as the retailer strives to improve efficiencies across the company. Remaining staff will undergo training to take on additional responsibilities.Macy’s spokesman Jim Sluzewski declined to confirm the number of redundancies, but ...
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NewsJohn Lewis named official retailer for 2012 Olympics
John Lewis has been named the official department store retailer of the London 2012 Olympic Games.
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Lotte Shopping gross sales increase
Department store and hypermarket operator Lotte Shopping has reported a 12.1% increase in gross sales to KRW3.4 trillion (£1.83bn) during its fourth quarter.Operating profit rose 22.2% to KRW260bn (£139.5m). Pre-tax profit was up 17.9% to KRW249bn (£133.6m).
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NewsJohn Lewis to open Olympic Games shop
John Lewis is to open an official Olympic Games shop at its Stratford store as it has been appointed official retailer to the London Olympics.
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NewsNigel Northridge to succeed John Lovering as Debenhams chairman
Department store group Debenhams has named Nigel Northridge as its new chairman.