All Department stores articles – Page 200
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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.
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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.
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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.
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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 ...
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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.
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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.
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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.
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NewsHouse of Fraser to trial product videos
House of Fraser intends to begin trialling product videos on its website in the Autumn to measure the impact on sales.
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GalleryDebenhams at Bury St Edmunds looks striking but does it work?
The new Debenhams at Bury St Edmunds is a striking piece of contemporary architecture but, John Ryan asks, does it work as a store – and is its location right?
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AnalysisRob Templeman: the man behind Debenhams' share placing
Debenhams’ share placing last week is the result of years of work by deal-making chief Templeman to tighten the ship. Amy Shields reports
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NewsHouse of Fraser reintroduces IT director to aid service
House of Fraser has reintroduced the role of IT director as part of a drive to improve customer service.
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NewsPark Group profits soar
Christmas savings specialist Park Group has revealed robust full-year profits and said it is “holding firm” in a difficult climate.
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NewsArcandor files for bankruptcy protection
German retail group Arcandor has filed for bankruptcy protection after yesterday’s decision by the German government not to provide rescue funds. An administrator is expected to be appointed today.
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NewsProduct of the Year logo recognised by half of UK consumers
The Product of the Year logo has experienced a “dramatic” rise in awareness levels among UK consumers.
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NewsWarm weather brings mixed fortunes for John Lewis Partnership
John Lewis had a tough week last week as the warm weather hit footfall and sales at its stores.
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NewsMay like-for-like sales hold up
Retail sales dipped again in May, after growing in March and April.
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NewsJohn Lewis bolsters electricals with hiring
John Lewis has appointed the co-founder of furniture retailer Feather & Black to be director of buying for electricals and home technology, in the latest change to its senior team.
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NewsDebenhams' new shares priced at 80p
The new shares to be placed as part of a £323m fund-raising by Debenhams have been priced at 80p.
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NewsDebenhams to raise £323m in share sale
Debenhams has revealed plans to raise £323m in a share placing to slash its debt pile and said profits were growing at the department store chain.