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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Aug- 2021 -27 August
Number of UK department stores falls 83% in five years
The number of department stores in the UK has plummeted 83% since the collapse of BHS in 2016. According to the BBC, this underlines the “upheaval” of the high street following changes to shopping habits that have been accelerated by the pandemic. The latest figure comes from new research by…
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19 August
John Lewis to launch ISA accounts for customers
John Lewis has announced that it is set to launch savings accounts for customers through a new partnership with digital wealth manager Nutmeg. The three new ISA products reportedly aim to “help those who otherwise would not consider investing”, and mark the latest products to be introduced to the group’s…
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13 August
Harrods to remove plastic carrier bags
Harrods has announced plans to remove all plastic carrier bags from across its stores from next month. The announcement forms part of Harrods’ wider plastic reduction strategy. The luxury department store said the bags would be replaced with a sustainably-sourced paper carrier bag made from 40 per cent recycled materials,…
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10 August
Harvey Nichols launches luxury resale service
Harvey Nichols has announced it is to start offering a luxury resale service after partnering with specialist company Reflaunt. From 26 August customers will be able to resell luxury handbags, fashion, accessories and watches, through the Reflaunt-run space on the department store’s website. Sellers will then earn up to 80%…
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5 August
John Lewis ‘angered’ over Gov’s ‘named and shamed’ wage list
The John Lewis Partnership (JLP) is reportedly angered over being included on the government’s “named and shamed” list for flouting minimum wage rules by The Department for Business (BEIS). According to Sky News, JLP has been included on the list for an already disclosed issue relating back to 2017 which…
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3 August
Mike Ashley’s Frasers Group pens letter urging MPs for Debenhams probe
Mike Ashley’s Frasers Group has reportedly sent a letter to parliament urging them to launch an independent investigation into Debenhams’ collapse in 2019. According to Sky News, which reports it has seen the letter from Frasers CFO Chris Wootton, the letter claims that the Debenhams board was culpable for its…
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Jul- 2021 -26 July
Selfridges up for sale as Weston family begins £4bn auction process
The Weston family, the owner of Selfridges, has reportedly started a formal auction process to find a buyer for the department store. According to The Times, the Weston Family has appointed advisors Credit Suisse to handle the distribution of information memoranda to help encourage prospective buyers with aims to complete…
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16 July
M&S extends activewear brand range
M&S has announced that it is launching the latest product range for its activewear brand Goodmove which will be supported by a new customer campaign. The brand was first launched at the beginning of 2020 and has since expanded into both mens and kids wear at the beginning of 2021.…
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14 July
Boohoo expands Debenhams presence in Middle East
Boohoo has announced a new partnership with Alshaya Group to build on the presence of Debenhams in the Middle East region. This partnership marks a further step as the group accelerates progress integrating and scaling the Debenhams brand. The Alshaya Group, which currently runs Debenhams stores in shopping malls, will…
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9 July
Retailers team-up for campaign to tackle climate change
A group of retailers, including Kingfisher, Walmart, H&M Group and Ikea owners Ingka Group, have announced the launch of a new climate change initiative. The Race to Zero Breakthroughs: Retail Campaign has been created in partnership with the COP26 High Level Climate Action Champions and supported by the World Business…
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