All Department stores articles – Page 199
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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.
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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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News
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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News
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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News
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.