Department Stores
The latest news, updates and analysis on the department stores segment of the the UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
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Jun- 2022 -9 June
John Lewis announces proposed locations for rental homes
The John Lewis Partnership has announced its first three locations where it proposes to build new rental homes. The three proposed sites include building over Waitrose shops in Bromley and West Ealing in Greater London and replacing a vacant John Lewis warehouse in Mill Lane, Reading. The three locations were…
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8 June
Hotter Shoes announces new digital hub openings with Notcutts
Hotter Shoes has announced the opening of two digital hubs this month with Notcutts Garden Centres. This announcement comes after Hotter’s partnership with Notcutts was established in 2021, with the opening of the brand’s first digital hub at Notcutts Wheatcroft in Nottingham. The digital hubs will open at Notcutts Rivendell,…
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8 June
M&S boss to depart with £2.6m pay packet
Marks and Spencer’s outgoing boss Steve Rowe more than doubled his pay last year from £1.07m to £2.63m after receiving a £1.6m bonus. The bonus, his first since 2017, also comes as M&S rewarded its 4,500 store management and head office staff. Rowe stepped down from his role as chief…
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6 June
M&S to trial refillable cleaning and laundry products
M&S has launched its own-brand refillable cleaning and laundry products as part of its pledge to reduce single use plastics and promote sustainability. The firm said M&S Refillable will allow customers to choose their own-brand homecare products, including cleaning sprays, laundry detergents, fabric conditioners and washing up liquids. It comes…
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May- 2022 -25 May
Marks and Spencer warns of profit squeeze as it exits Russia
Marks and Spencer (M&S) has revealed it expects its profits to flatline in the upcoming financial year as the rising cost of living coupled with increased costs are expected to impact its trading. It comes as it also announced its decision to permanently exit Russia after temporarily suspending trading in…
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Apr- 2022 -4 April
Demolition plans for M&S flagship site to be reconsidered
Sadiq Khan is reportedly reconsidering previous plans to demolish Marks and Spencer’s flagship store on Oxford Street following ongoing backlash over the decision. According to Architects Journal, City Hall officials will now review proposals to demolish the site after they initially decided “not to intervene” in the application. Simon Sturgis,…
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Mar- 2022 -18 March
M&S expands workplace benefits with Cushon partnership
Marks and Spencer has announced a partnership with Cushon as its workplace savings provider to expand upon its existing financial benefits package and “help its employees become more financially resilient”. For Marks and Spencer’s 65,000 employees, the partnership will include an inclusive range of saving options from an Individual Savings…
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10 March
John Lewis reinstates £46m staff bonus amid record sales
The John Lewis Partnership has said its staff will be able to share from a £46m bonus pot after reporting a profit before bonus, tax and exceptional items of £181m, 38% higher than 2020/21 and 159% higher than two years ago. When including exceptional items and the £46m bonus, its…
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7 March
John Lewis halts sales of Russian products
John Lewis has become the latest retailer to make steps towards cutting ties with Russia, having removed Russian-made products from its Waitrose and John Lewis stores. In a statement, the retailer said: “The John Lewis Partnership is removing from sale products in Waitrose and John Lewis that are made in…
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Feb- 2022 -14 February
John Lewis profits surge could see return of staff bonus
The John Lewis Partnership could possibly see the return of its fabled staff bonus this year after it was revealed it has surpassed its £100m annual profit target. According to a leaked memo seen by The Mail on Sunday, thanks to a bumper Christmas sales period and successful cost saving…
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