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.
Edinburgh Woollen Mill Group’s (EWM) new department store chain Days is gearing up to launch in Crawley next year, while its Bedford store is facing delays, Drapers can reveal.
Sales and profits up at Liberty Subscription
Sales at London department store Liberty were up 5% to £74.5m in the year to 28 January, despite a tough trading environment.
Selfridges posts record profitsSubscription
Sales and profits at Selfridges have leaped to record highs, boosted by its recent investment programme.
Debenhams debuts in AustraliaSubscription
Debenhams has opened the doors to its first store in Australia.
As John Lewis opens its experience-led store in Oxford’s Westgate centre, Drapers takes a behind-the-scenes tour to see how the space embodies the business’s ambitious evolution, and seeks to cater for the modern shopper.
John Lewis has revealed the details for its new concierge-style shopping service, which is launching at its Oxford store in the new Westgate shopping centre
Harrods hits £2bn sales markSubscription
Harrods has posted record sales and profits for the year to 28 January, as it continues to attract global shoppers thanks in part to the weakness of sterling.
The president of Lane Crawford and Joyce, Andrew Keith, is digitalising the 167-year-old Hong Kong luxury department store chain for China’s millennial shoppers.
Debenhams has hired Dixons Carphone’s central operations director Paul Justice as its new retail operations director, replacing Simon Dales.
Jenners store sold to Bestseller ownerSubscription
House of Fraser-owned Edinburgh department store Jenners’ building has been sold to a private European investor.
Harvey Nichols reshuffles management teamSubscription
Harvey Nichols chief executive Stacey Cartwright will step into the role of deputy chairman, as the department store reshuffles its management board.
Ilford department store Bodgers has confirmed it is set to shut down at the end of February 2018.
Shopwatch: Fenwick’s first new store in 14 yearsSubscription
Drapers takes a tour around the sleek, foliage-rich Lexicon Bracknell anchor.
John Lewis fashion sales thriveSubscription
John Lewis has posted double-digit weekly sales growth year on year for both its menswear and womenswear categories, driven by lifestyle retailer Boden’s womenswear launch.
Suzanne Harlow is leaving her role as group trading director at Debenhams, as the business restructures to support its new strategy.
Fashion sales edge up at John LewisSubscription
Fashion sales were up 1% at John Lewis last week, but a poor performance in its home category dragged down the department store group’s total sales for the period.
Radley targets US with Macy's dealSubscription
British handbag brand Radley is set to target the US market, with a new deal with department store Macy’s.
Galeries Lafayette to buy La RedouteSubscription
French luxury department store Galeries Lafayette has outlined plans to acquire a majority stake in fashion and homeware etailer La Redoute.
Drapers catches up with Deborah Holmes, managing director of 17,000 sq ft independent department store Sandersons in Sheffield, on the first anniversary of its opening.
House of Fraser opens first sustainable storeSubscription
House of Fraser has opened its first sustainable store at the Rushden Lakes shopping and leisure complex in Northamptonshire.
John Lewis fashion sales riseSubscription
Fashion sales at John Lewis grew 7.3% for the week to 19 August, driven by discounting and the cooler weather.
Liberty to relaunch menswear department Subscription
Liberty is relaunching its menswear department in August and is introducing more than 20 new brands.
The buying team at New York luxury department store Bergdorf Goodman has called off its summer buying trip to London because of safety concerns following terrorist attacks in the city, Drapers can reveal.
Take a look inside the newly opened Days department store in Carmarthen.
As US department stores close branches and UK retailers innovate to keep customers’ attention, Drapers asks what they need to do to survive.
The emphasis on emotion and experience in John Lewis’s summer campaign leaves its closest rivals in the dust, writes Drapers’ Kirsty McGregor.
Two major US department store groups are closing more than a hundred stores across the country and cutting thousands of jobs amid challenging trading environments and shifting consumer habits.
Bucher takes axe to Designers at DebenhamsSubscription
New Debenhams boss Sergio Bucher is shaking up the department store chain’s fashion offer by scrapping some of its long-standing designer collaborations.
Profits dip at Harvey Nichols following revampSubscription
An extensive revamp of Harvey Nichol’s Knightsbridge flagship has hit profits at the department store.
The UK’s biggest department stores are facing change at the top. Drapers looks at what the new chief executives of John Lewis, House of Fraser and Debenhams will have to deal with in 2017.