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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May- 2021 -5 May
And So To Bed returns to profit in FY20
And So To Bed, a luxury bedroom furniture retailer, returned to a £330,000 profit for FY20, recovering from a £108,000 loss in FY19. It comes despite the group revealing revenue for the 12 months to 31 December 2020 declined 12.8% year-on-year. However, a reduction in administrative expenses of over £1m…
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Apr- 2021 -26 April
John Lewis Partnership to donate £1m to over 1,000 local charities
The John Lewis Partnership has announced that it will donate over £1m this summer to more than 1,000 local charities and community organisations in an effort to help end child poverty across the UK. As part of its support, both John Lewis and Waitrose shops will direct its regular community…
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22 April
M&S appoints non-executive director
M&S has announced that Fiona Dawson, currently global president of Mars Food, will be joining the board as a non-executive director from 25 May 2021. Dawson has had a long eventful career at Mars, rising from the graduate trainee scheme to one of the top roles in the company. Her…
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12 April
John Lewis to suspend store closures
John Lewis has confirmed that it has no plans to close any further stores, according to The Times. Executive director Pippa Wicks insisted the chain will not close any more shops and defended its strategy to date, following news that eight John Lewis sites would not reopen post-lockdown. According to…
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8 April
Debenhams to reopen its stores one last time
Debenhams has announced that it will reopen its stores in England and Wales on 12 April to complete its final closing down sale. The sale will offer limited-time bargains, with up to 70% off fashion and home products and up to 50% off beauty and fragrance lines. The reopening is…
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6 April
John Lewis to reopen stores
John Lewis has confirmed that it will reopen its shops in England and Wales on 12 April following the latest government guidance. The group will also reopen its newly refurbished Edinburgh shop on 14 May and plans to reopen its Glasgow shop from 26 April. After more than three months…
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Mar- 2021 -24 March
John Lewis to close eight stores placing 1,465 jobs at risk
The John Lewis Partnership has announced that it will not reopen eight of its 42 John Lewis shops from lockdown, putting 1,465 jobs at risk. The eight shops identified for closure include four ‘At Home’ shops in Ashford, Basingstoke, Chester and Tunbridge Wells and four department stores in Aberdeen, Peterborough,…
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22 March
Former Ikea execs face prison over espionage allegations
Ikea is appearing in court for allegedly spying on its customers and employees, as two of the group’s former chief executives face up to 10 years in prison. The group’s French subsidiary could receive fines of up to £3.2m after being accused of paying for illegal access to police files.…
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16 March
Hammerson to redevelop Debenhams store into new homes
Hammerson has announced it has submitted plans to Leicester City Council to redevelop the former Debenhams store within the shopping centre Highcross into new homes for rent. The development would see the former Debenhams department store which has been an “integral part of the city’s core” since its opening in…
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11 March
John Lewis swings to £517m loss, warns of further closures
The John Lewis Partnership has swung to a pre-tax loss of £517m in the full-year ended 31 January 2021, down from a profit of £146m reported the year before. This was largely the result of “substantial” exceptional costs of £648m, which included the write down in value of John Lewis…
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