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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Jul- 2021 -8 July
B&M Q1 revenues rise 3.1% to £1.2bn
Variety goods value retailer B&M has announced that total group revenues increased 3.1% year-on-year to £1.19bn for Q1 FY22. While one-year like-for-like (LFL) revenues fell 4.4% for the 13 weeks ended 26 June 2021, two-year LFL revenues spiked 21.3% at the firm. B&M UK comprised the largest proportion of group…
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6 July
Harvey Nichols launches childrens range
Harvey Nichols has selected its Leeds store as one of several across the country to stock the company’s first children range. The retailer will stock 25 kidswear brands and over 700 different styles in their Briggate store later this month with the entire range also available to buy online. The…
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5 July
John Lewis to build 10,000 rental homes
John Lewis is set to enter the residential homes market, after unveiling plans to build 10,000 new rental homes over the next ten years. According to the Sunday Times, the retail giant has already identified space to build 7,000 new homes across its own property portfolio, including disused department store…
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5 July
House of Fraser staff to face switch to zero-hour contracts
Frasers Group has reportedly entered its House of Fraser staff into consultation regarding a switch to zero-hour contracts. According to Retail Week, the Mike Ashley-owned department store has commenced the process that will impact all store staff below management level. One source told the publication that the consultation began on…
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Jun- 2021 -30 June
M&S partners with Clarks on kids collection
M&S has revealed a new partnership with Clarks shoes which includes selling the brand online and in eight UK destination stores. This latest brand partnership is part of the continued momentum for the retailer in its strategic shift from “special occasion” clothing and footwear to everyday “style and value”. The…
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24 June
Selfridges opens garden centre at flagship store
Selfridges London has revealed that its Accessories Hall and the store exterior on Duke and Orchard Streets has been transformed into a garden centre as part of its “Good Nature”, creative theme for 2021. The garden centre sells gardening tools, seeds, indoor and outdoor plants and pots, as well as…
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23 June
John Lewis expands furniture rental services
John Lewis has announced that starting next month, it will be expanding its first furniture rental service, doubling the range to offer over 200 lines. The news follows the retailer’s successful trial last year and builds on the existing partnership with Fat Llama. The expanded range will offer over 200…
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23 June
M&S to focus on equality with new lingerie line
Marks and Spencer has announced the launch of its new ‘Nothing Neutral About It’ lingerie range. The new range is part of the retailer’s mission to be more inclusive in the lingerie space, which it says was fuelled by the “global conversation on racial inequality, following the horrific death of…
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21 June
Epiris announces Sharps acquisition
Epiris has announced that its Epiris Fund II has agreed to acquire Sharps, the fitted bedroom furniture supplier from Sun European Partners. The finances of the transaction, which is due to take place by the end of September, have not been disclosed. The deal comes as Sharps intends to install…
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21 June
John Lewis faces criticism over third-party fees
Department store chain John Lewis has reportedly faced criticism from third-party brands for the fees it charges to stock their products. According to the Sunday Times, third party brands currently pay up to 50% of every sale to John Lewis in commission and fees. The paper also said that one…
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