All Department stores articles – Page 23
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NewsHarrods swings to a loss as pandemic and Brexit take heavy sales toll
Harrods has swung to a loss after store closures during the pandemic and the impact of Brexit slashed sales in half.
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NewsJohn Lewis Partnership inks £420m financing deal tied to sustainability targets
John Lewis Partnership has agreed to a new, five-year revolving credit facility in which the interest rate is linked to environmental ambitions.
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NewsFortnum & Mason CTO reveals progress of retailer’s digital transformation journey
Jon Weg has said the department store business wants to empower colleagues to “provide an even more exceptional level of service” supported by tech and data.
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OpinionStuart Machin: ‘We believe in stores – they are a true source of competitive advantage’
Building a store estate that is fit for the future is central to our far-reaching transformation programme.
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NewsJohn Lewis online sales soar as home renovations and skincare products fly
Despite the easing of restrictions over the course of the year, the pandemic’s lasting impact was reflected in consumers’ choices with sales of home office and exercise equipment, as well as garden furniture, soaring.
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Opinion‘Why sell Selfridges when department stores are having such a hard time?’
Former Selfridges chief executive Peter Williams ruminates on the iconic department store’s potential sale and makes a special plea to its owner the Weston family.
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Retail VoiceBrewDog, Sweaty Betty and John Lewis on creating stand-out human CRM strategies
While they may be an unlikely trio with very different strategies, Inkpact chief executive Charlotte Pearce reflects on what these UK retailers have in common – and what can be learned from their approaches.
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InterviewInterview: M&S boss Steve Rowe on climate change, coral reefs and Christmas
Rowe invited Retail Week behind the scenes of the ambitious relaunch of Plan A to map out his vision and highlight the urgent need for change across the industry.
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NewsJohn Lewis faces staff backlash over bonus awards
John Lewis has sparked a backlash among its workforce after paying bonuses to hundreds of its staff, despite shelving its partnership-wide bonus.
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NewsFenwick losses widen amid ‘most difficult trading conditions in living memory’
Fenwick has suffered widening full-year losses after enforced store closures drove a slump in sales during the coronavirus pandemic.
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AnalysisWhere retail’s top bosses love to shop
As the retail sector finds its feet again in the months following reopening, which shops are the industry’s leaders most excited to get back to? Retail Week asks retail CEOs what their favourite stores are and why.
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NewsMarks & Spencer to close 11 French stores as Brexit batters supply
Marks & Spencer is to close 11 of its 20 franchise stores in France after post-Brexit trade rules “significantly” impacted supply of fresh and chilled food.
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AnalysisFalse dawn or fresh start: Has John Lewis really got its mojo back?
While the consensus was that John Lewis’ first half would be an improvement from last year, the retailer has hugely exceeded expectations. Is this the start of a new day for the embattled department store chain, or a papering over of the cracks?
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NewsJohn Lewis losses narrow as sales jump and cost-saving measures take effect
John Lewis has reported a significant narrowing in losses after tax in the first half of the year, with revenues jumping and cost savings from its extensive restructuring beginning to take effect.
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VideoWatch: M&S breaks from the ‘ordinary’ with new fashion TV ad
M&S has launched its autumn/winter clothing collection in a bid to showcase a new style that is “anything but ordinary”.
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NewsJohn Lewis targets value as it launches Anyday clothing range
John Lewis has revealed plans to roll out a cheaper fashion line under its Anyday banner.
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NewsNearly 50 high street stores shuttered per day in 2021
Over 8,700 chain stores have closed their doors across British shopping locations in the first half of this year.
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GalleryStore gallery: Selfridges ‘transforms’ tech offer with gaming destination launch
The opening of Selfridges’ permanent gaming outlet, in partnership with Smartech, aims to create a new era of experiential retail for gamers.
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GalleryElectric go-karts, arts fairs and whisky tours: Six innovative uses for empty department stores
The department store format has suffered badly over the last five years, with the vast majority of stores which have closed still standing empty. Retail Week looks at six innovative uses of former department store space both from the UK and internationally.
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NewsMarks & Spencer pulls suits from half its stores as demand slumps
M&S has stopped stocking suits across more than half of its 245 larger-format stores as the retailer responds to the rise in demand for more casual clothing.