All Department stores articles – Page 198
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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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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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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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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.
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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.