Tag : department stores
Barneys explores bankruptcySubscription
US department store Barneys is believed to be considering filing for bankruptcy.
Morleys Stores promotes Nigel Blow to CEOSubscription
Independent department store group Morleys Stores has promoted its non-executive director, Nigel Blow, to chief executive as it restructures its senior management team.
Tudor Williams to close New Malden storeSubscription
Surrey-based independent department store chain Tudor Williams is closing its New Malden branch after 106 years of trading.
Debenhams to offer free parkingSubscription
Debenhams is offering up to two hours of free parking for its customers to encourage them to do their Christmas shopping next week, Drapers can reveal.
Debenhams to shut up to 50 storesSubscription
Debenhams plans to axe up to 50 underperforming stores in a bid to turn around its ailing fortunes.
Sears files for bankruptcy protectionSubscription
US department store giant Sears has filed for chapter 11 bankruptcy protection, after struggling with debts and losses in the American retail market.
Fenwick axes jobs as profits plummetSubscription
Fenwick is to axe more than 400 jobs after its pre-tax profits nose-dived.
Is this the death of the department store?Subscription
Following Mike Ashley’s purchase of House of Fraser out of administration, Drapers asks industry experts what department stores need to do to survive and thrive.
Struggling department stores and a shift in consumer behaviour could lead to more concession businesses like Calvetron falling into administration, industry insiders have said.
Lenders to the embattled department store House of Fraser are said to be demanding evidence that the retailer’s Chinese owner will invest fresh funding into the business.
Department store numbers fall by quarterSubscription
The number of large department stores in England has been slashed by a quarter in less than a decade, new research has shown.
Footwear fuels fashion sales at John Lewis Subscription
Fashion sales at John Lewis edged up 2% year on year for the week to 28 April, driven by record sales of footwear.
Harvey Nichols signing up to the Farfetch platform could signal a “new age” for the department store model at a time when many are struggling to find a place for themselves, industry experts have argued.
Debenhams shuts Folkestone store after floodingSubscription
Debenhams’ store in Folkestone, Kent has shut for a number of days in the wake of flood damage caused by the “Beast from the East” and Storm Emma.
First look at Westfield London’s £600m extensionSubscription
Four years after construction began on Westfield London’s £600m extension, Drapers tours the site and its £33m John Lewis anchor, to find out how the shopping centre plans to attract new customers ahead of the March opening.
Fenwick names new buying bossSubscription
Fenwick has appointed former Selfridges buying director Jayne Demuro as its new buying and merchandising director.
Traditional department stores will continue to “struggle” in 2018 and an improvement in credit quality is “unlikely” following a weak Christmas, ratings agency Moody’s has said.
Indies cave in to Black Friday discountingSubscription
Independent retailers across the UK have given into pressure to discount stock for Black Friday as department stores and multi-brand etailers unveil their deals for the period running up to 24 November.
Cautious Fenwick warns of pressures aheadSubscription
Fenwick has kicked off a strategic review to ensure it “prospers” in the face of future challenges, after reporting a fall in full-year turnover and profits.
Visage Group hires HoF product director Subscription
Manchester-based supplier Visage Group has hired House of Fraser’s product director Emma Worley as its new senior vice president of commercial.