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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Feb- 2025 -26 February
Angling Direct revenues surge 11.9% to £91.3m in FY 2025
Angling Direct, the omni-channel specialist fishing tackle retailer, has reported a 11.9% surge in £91.3m in FY 2025, driven by strong trading performance in the second half of the year despite the ongoing challenges in the broader consumer landscape. It comes as revenue in the UK business (stores and online)…
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17 February
John Lewis partners with Rough Trade to introduce vinyl records
John Lewis has partnered with music retailer Rough Trade to introduce a selection of vinyl records in stores and online. The new vinyl assortment is a curated selection of old and modern classics including albums from artists including Nirvana, Radiohead and Marvin Gaye. The selection also includes more modern artists…
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11 February
Dunelm CEO to retire amid strong H1 trading
Dunelm CEO Nick Wilkinson is set to retire from his position following seven years in the role as Dunelm announced strong trading for the first half of the year. The company saw its total sales rise 2.4% to £893.7m, up from £872.5m in the same period last year, during the…
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Jan- 2025 -31 January
John Lewis warns staff on profits amid missed sales targets
The John Lewis Partnership has fallen short of its profit targets in Q4 after both Waitrose and John Lewis “missed their sales targets” over Christmas, according to reports from The Telegraph. The partnership cited “lower consumer confidence and weaker than expected market confidence” for the softer sales in the month…
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29 January
Next CEO uses Lords status to lodge amendments to NI bill
The CEO of Next, Lord Wolfson, has reportedly used his position in the House of Lords to table amendments aimed at phasing in the upcoming changes to employers’ national insurance contributions, The Times has reported.The measures outlined in the budget will see employers’ national insurance contributions rise from 13.2% to…
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16 January
Dunelm revenues rise due to online sales
Dunelm has seen its revenues rise 1.6% to £490m for the 13 weeks ended 28 December, and 2.4% to £894m for the first half overall. The retailer stated that this was driven by a 3% uplift in online sales across both periods. It also stated that ecommerce represented 39% of…
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10 January
US retailer Macy’s to shutter 66 department stores
US department store group Macy’s has confirmed this week the closure of 66 of its non-go-forward store locations. News of the closures are part of the group’s ‘Bold New Chapter’ strategy, which was first announced in February 2024. According to the retailer, the new strategy aims to return Macy’s to…
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9 January
M&S celebrates bumper Xmas as sales top £4bn
M&S has reported a successful Christmas trading update as its total group sales increased by 5.6% to £4bn in the 13 weeks to 28 December 2024. The group’s food sales increased 8.7%, with LFL sales up 8.9%. Core categories, such as meat, produce, grocery and in-store bakery grew double-digits as…
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8 January
ProCook revenues surge amid successful Black Friday and Xmas
UK-based kitchenware brand ProCook has reported a 11.2% increase in revenues to £25.6m and like-for-like revenue increase by 3.4% for the 12 weeks ended 5 January 2025. The group stated that actions taken to elevate its Black Friday and Christmas campaigns resulted in a “strong trading performance”. Total retail revenue…
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Dec- 2024 -12 December
Selfridges co-owner admits £4bn price was ‘too high’
Tos Chirathivat, the executive chair and CEO of Thai family conglomerate Central Group, said in a conversation with The Financial Times that it may have overpaid for its acquisition of Selfridges and other European luxury department stores as part of a £4bn deal in 2021. According to Chirathivat, whose group’s…
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