All Department stores articles – Page 189
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News
JC Penney Q2 net income reaches £9m
JC Penney has reported net income of $14m (£9m) for the second quarter of 2010, compared with a loss of $1m (£640,000) for the same period last year. Like-for-like sales were positive for the second consecutive quarter, increasing 0.9% from last year, although total sales were down 0.1% at $3.93bn ...
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News
Nordstrom Q2 earnings rocket 38.6%
Department store chain Nordstrom has reported that its net earnings in the second quarter rocketed 38.6% to $146m (£93.5m). Sales rose 12.7% to $2.42bn (£1.55bn) while like-for-likes increased 8.4%.Multichannel like-for-likes were up 9.9%. Meanwhile, like-for-likes rose 8.2% at full-line stores and 34.1% in Nordstrom’s Direct channel. Nordstrom Rack reported a ...
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NewsHouse of Fraser launches overseas delivery
Department store House of Fraser has launched its overseas delivery service as part of plans to achieve a 150% increase in online sales by the end of the year.
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NewsEarly Sale tactics pay off for West End stores
Department stores reaped rewards by moving their summer Sales forward to benefit from the surge in Middle Eastern shoppers ahead of the Ramadan religious festival.
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NewsNew Arnotts chairman plans brand shake up to appeal to core customer
The new chairman of Irish department store Arnotts, Mark Schwartz, has laid out plans to change the offer of the shop to appeal to its core customer.
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News
SM Investments' records retail division profits up 25% to £39m
Supermarket and department store operator SM Investments reported its retail division’s profits were up 25% to PHP2.8bn (£39m) in the first half. The growth was attributed to increased operational efficiency and economies of scale resulting from expansion. Total sales were up 12% to PHP63.4bn (£883m). President Harley Sy said: “We ...
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News
Arnotts chairman leads board reshuffle
Mark Schwartz, who was appointed chairman Arnotts yesterday, has led a reshuffle of the board ofthe Irish department store and is reviewing its senior management team.
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NewsBeales buys Westgate department store in Rochdale
Indie department store chain Beales has bought the Westgate department store in Rochdale for £300,000.
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NewsDebenhams considers sale and leaseback deals
Department store group Debenhams is reportedly considering a sale and leaseback deal over nine of its stores as it looks to pay off debt and invest further in the company.
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News
Arnotts to retain Richard Nesbitt as chairman
Irish department store Arnotts is expected to retain barrister Richard Nesbitt as chairman if the European Commission rules that the Anglo Irish Bank and Ulster Bank can take control of the business..
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AnalysisWestfield Stratford: John Lewis, but not as we know it
It’s two years to the week that the London Olympic Games start and John Lewis is preparing a store with a difference.
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NewsSelfridges drives Christmas
Selfridges has chosen the theme ‘Play’ for this Christmas, celebrating a return to fun and frivolity and a move away from the more austere traditional festive themes seen at the height of the recession last year.
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NewsArnotts could be sold for €1
The future of Arnotts remains unclear after it emerged that the iconic Irish department store could be sold for a little as €1 as part of plans to restructure its debts.
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News
Anglo Irish Bank seeks takeover of Arnotts
Iconic Irish department store Arnotts is set to come under the control of Anglo Irish Bank.
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NewsHarrods ‘in talks’ with Chinese government about Shanghai store
Harrods, the luxury London-based department store which was recently acquired by the investment vehicle Qatar Holdings, is understood to be in talks with the Shanghai Municipal Government about opening its first store outside of the UK.
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NewsDebenhams refinances £650m of debt early
Debenhams has completed a £650m refinancing ahead of schedule.
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NewsHarvey Nichols profits up but Joseph Wan is nervous for 2011
Harvey Nichols chief executive Joseph Wan has revealed that the luxury department store will return to record pre-recession profit levels in its current financial year but has warned of a drop in shopper spend in 2011.
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NewsSelfridges celebrates early Christmas
While the country prepares to bask in a mini-heatwave, Selfridges is getting into the spirit of Christmas and is gearing up to open its Christmas store earlier than ever before.
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NewsDebenhams completes refinancing
Debenhams has confirmed that it has completed the refinancing of its borrowing facilities, with the signing of a new £650m credit facility.