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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Mar- 2021 -10 March
M&S reveals redevelopment plans for flagship store
M&S has announced a proposal to redevelop its flagship Marble Arch store on Oxford Street as part of its Never the Same Again programme. As part of the proposal, the department store chain is set to consult with local stakeholders on the best course of action, with the aim of…
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5 March
Frasers Group warns of closures amid business rates cap
Frasers Group has warned that the £2m business rates cap announced in the spring budget on 3 March 2021 will make it “nearly impossible” for the group to take on ex-Debenhams sites with the inherent jobs created. The group stated that the cap for businesses from July 2021 to March…
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Feb- 2021 -22 February
John Lewis to shutter up to eight stores
John Lewis is reportedly considering the closure of up to eight of its stores in a bid to further cut costs, according to The Sunday Times. While the exact number of closures is “yet to be determined”, the chain’s bigger and older sites are thought to be most at risk.…
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18 February
John Lewis signs up to HRH Terra Carta initiative
John Lewis has announced it has become the first retailer to sign-up to HRH The Prince of Wales’ Terra Carta, which forms part of HRH’s Sustainable Markets Initiative. Launched by HRH on 11 January 2021, the Terra Carta lists 10 action articles for the decade and aims to provide an…
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12 February
John Lewis donates over 5000 items to families in need
John Lewis partnership has announced it has donated nearly 5000 items of warm clothing to families in need as the UK’s temperatures continue to drop. The clothing will be distributed through local Home-Starts across ten key locations in the UK, where many vulnerable communities have been affected most during the…
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9 February
John Lewis Partnership introduces more than 50 fashion brands
John Lewis Partnership has announced it will be introducing more than 50 new fashion and beauty brands as part of its plans to continue modernising its fashion offering. Last week, the group launched high street brand Mango across its womenswear, shoes and accessories. Additionally the company revealed it will be…
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2 February
John Lewis Partnership to provide care packages to NHS workers
The John Lewis Partnership has announced its partnership with the British Medical Association (BMA) to provide frontline NHS workers with care packages to keep them “refuelled and refreshed” as they continue facing extreme pressure caring for patients in UK hospitals. Based on advice from the BMA, these supplies will be…
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1 February
Frasers Group acquires New Look’s Brighton store
Frasers Group has reportedly acquired the freehold of New Look’s Brighton store. According to Drapers, the store located at 188-191 Western Road is just one of New Look’s portfolio that is undertaking a rent restructuring following a CVA approved in September 2020. The CVA has ushered in a three-year rent…
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Jan- 2021 -28 January
Debenhams CEO to step down
Steven Cook is reportedly stepping down from his position as CEO of Debehmans, according to Drapers. Cook joined Debenhams in 2017 as managing director, overseeing the division’s buying, design and merchandising for fashion and home. In an internal message sent to staff, and seen by Drapers, Hazell said: “Steven Cook…
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26 January
Frasers Group shutters Edinburgh’s Jenners store
Frasers Group has announced it will permanently close Edinburgh’s iconic Jenners store after the company failed to reach an agreement with the site’s landlord over continuing the tenancy. A spokesman for the group said the decision came after negotiations fell through with the building’s owner, Anders Povlsen, the current owner…
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