All Department stores articles – Page 16
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NewsJohn Lewis chair Dame Sharon White: ‘Making a profit is a passport to doing good’
John Lewis Partnership boss Dame Sharon White has doubled down on comments that businesses should not let social and environmental goals distract them from making profits.
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NewsMarks & Spencer launches Sparks promotional extravaganza to boost app take-up
Marks & Spencer is to stage a two-week spectacular of “daily personalised offers, giveaways and discounts” designed to drive customer adoption of its app.
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Opinion‘John Lewis may have ditched Never Knowingly Undersold but it must keep service promise’
How many John Lewis customers took advantage of its Never Knowingly Undersold price promise last year?
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NewsJohn Lewis retires Never Knowingly Undersold as it invests £500m in price
John Lewis will remove its Never Knowingly Undersold pledge this summer as executive director Pippa Wicks says the promise “doesn’t fit with how customers shop today”.
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NewsMarks & Spencer launches tie-up with beauty brand Clinique
Marks & Spencer has partnered with Clinique to sell its beauty and skincare products both in-store and online.
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NewsJohn Lewis raises hopes of restoring staff bonus after bumper Christmas sales
The John Lewis Partnership has reignited hopes that it will restore its staff bonus after “fantastic” Christmas sales led it to smash its £100m annual profit target.
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NewsJohn Lewis poaches Co-op executive as first ‘pan-Partnership’ customer director
The John Lewis Partnership has appointed its first customer director with responsibility across the entire business.
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NewsNRF 2022: Nordstrom exec pledges to make Asos a 'big deal' for the US consumer
Nordstrom president and chief brand officer Peter Nordstrom said that Asos’ concession in the famous American chain could be the silver bullet it needs to be front of mind for US shoppers.
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NewsFortnum & Mason hails strong Christmas but swings to first loss in over a decade
Fortnum & Mason has reported a strong Christmas trading period after Covid restrictions and store closures caused it to swing to its first full-year loss in 12 years.
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NewsNew Selfridges owners plan to add hotel and apartments to Oxford Street flagship
Selfridges’ new Thai and Austrian joint owners are planning a revamp of its Oxford Street flagship that would include an upmarket hotel and food hall.
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NewsSelfridges sold to Thai-Austrian joint venture in £4bn deal
Luxury department store chain Selfridges has been sold by the Canadian Weston family to a joint venture between a Thai retailer and an Austrian property company for an estimated £4bn.
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NewsFrasers director leaves over conflict of interest concerns
One of Frasers Group’s non-executive directors is to leave after just a few months in the post.
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NewsMike Ashley mulls taking Frasers Group off the stock market
Frasers chief executive Mike Ashley is reportedly preparing to take the company private following a period of strong growth for the group’s brands.
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AnalysisThe 12 stories that rocked retail in 2021
2021 was a huge year for retail news. From surprise acquisitions and shock departures to new arrivals and supply chain woes, here are the stories that shook the industry
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NewsHarrods launches Sale ahead of Christmas as Omicron fears mount
Harrods is starting its famous winter Sale early as rocketing Covid case numbers and associated restrictions hit footfall in central London.
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AnalysisAnalysis: The four ways Frasers has turbocharged growth during the pandemic
In its latest set of interim results, both Frasers’ profits and sales outshine those recorded in the pre-pandemic era. Retail Week examines how Frasers has prospered in a difficult trading period.
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NewsFrasers profits soar but group warns of Covid and supply chain headwinds
Frasers Group has reported strong revenue rises across its portfolio, but remains “cautious” of the impacts of macroeconomic factors such as a potential lockdown over Christmas.
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AnalysisAnalysis: What the Central Group deal means for Selfridges
Following months of speculation, it was revealed that Thailand’s Central Group has agreed on terms to snap up famous department store business Selfridges.
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NewsSelfridges set to be sold to Thailand’s Central Group
Selfridges owners the Weston family have reportedly agreed to sell the department store chain to Thailand’s Central Group, with hopes for the deal to be completed by the end of this year.
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OpinionKatie Bickerstaffe: 'This year, back-to-the-floor means packing online orders for M&S HQ staff'
Over the past 18 months, we have seen five to seven years’ worth of change in this industry, so we’ve had to change, to be bolder, braver, and more committed to reshaping M&S.