All Department stores articles – Page 206
-
NewsRetail collapses trigger £1bn losses for Crown Estate
The collapse of retailers in the recession has contributed to the Queen’s Crown Estate suffering a £1bn loss.
-
NewsBeales plots ‘aggressive’ strategy to regain profits
Beales is confident of returning to profitability when the recession abates after outlining its strategy to see it through the downturn.
-
NewsNew Look and Next take over Ballymena Bhs
Fashion retailers New Look and Next have signed to take space in the former Bhs store in County Antrim, Northern Ireland.
-
NewsEast of England Co-op to sell non-food stores
The East of England Co-operative Society is to sell the majority of its non-food stores as it seeks to offload most of its department and home stores business to Vergo Retail.
-
NewsRetailers work with Google to optimise their sites
Retailers including Next, Debenhams and Schuh have completed a research project with Google to investigate how their sites could be improved.
-
NewsEuropean Union approves state loan for Arcandor
The European Union has given approval for the German state to loan insolvent retailer Arcandor €50m (£43m).
-
NewsMarks & Spencer reports improved sales in first quarter
Marks & Spencer reported an improvement in UK sales in its first quarter, buoyed by its 125th anniversary campaign and the timing of Easter.
-
NewsM&S shareholder backs Sir David Michels to replace Sir Stuart Rose
Marks & Spencer shareholder the Local Authority Pension Fund Forum (LAPFF) is backing Sir David Michels to replace Sir Stuart Rose as the retailer’s chairman.
-
NewsBeales first-half profits slide as outlook remains uncertain
Department store operator Beales has revealed its pre-tax profits fell from £570,000 to £540,000 in the 26 weeks to May 2.
-
NewsTepid fundraising does job for Debenhams
City analysts have labelled the subdued take-up of Debenhams’ shares as part of its £323m fundraising a “disappointment” but said the department store group is nevertheless stronger as a result.
-
NewsDebenhams launches Blue Cross Sale
Debenhams has launched a Blue Cross Sale today in its latest move to cash-in on bargain hungry shoppers.
-
NewsDebenhams open offer gets subdued response
The response from investors to Debenhams’ open offer to raise £323m has been subdued, after only 30.3 per cent of the total shares offered were taken up.
-
NewsJohn Lewis beats strikes and floods to post weekly sales rise
Sales at John Lewis department stores rose 0.4 per cent in the week to June 13, bringing the sales decline for the year so far to 4.8 per cent.
-
NewsHarvey Nichols to bolster stores appeal by adding fashion online
Luxury department store retailer Harvey Nichols is to sell a selection of its fashion offer online for winter.
-
NewsArcandor teeters as talks to salvage business continue
The future of beleaguered German conglomerate Arcandor hangs in the balance after it began insolvency proceedings last week.
-
News
Neiman Marcus considers selling lower-priced goods
US Luxury department store chain Neiman Marcus will consider selling some lower-priced goods after sales plunged 24 per cent year on year in its third quarter.Although Neiman Marcus will not abandon higher-priced products, it said it would merchandise goods with a greater range of price points.Chief executive Burt Tansky told ...
-
NewsArcandor investor cuts stake in stricken German retail group
Arcandor shareholder German bank Sal Oppenheim has cut its stake in the German retail and tourism group and said it would decide whether to remain its second-largest shareholder only when the insolvent retailer revealed a restructuring plan.
-
NewsHouse of Fraser trading update reassures over covenants
House of Fraser has issued a statement quashing rumours that it is close to breaching its banking covenants, a suggestion that has prompted feverish speculation that it is the subject of a takeover attempt by rival Debenhams.