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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Jun- 2018 -18 June
John Lewis pilots buy-back service for unwanted clothing
John Lewis has announced it is to trial an industry-first scheme allowing customers to sell back unwanted clothing to help reduce the amount of landfill waste in the UK. Some 300,000 tonnes of clothing is sent to landfill each year in the UK, and John Lewis’ service will collect…
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13 June
M&S reprimanded by ASA over Christmas claim
M&S has been reprimanded by the Advertising Standards Authority (ASA) after they claimed that they were the only “supermarket where Christmas dinner cost less than last year”. A Good Housekeeping survey was used as the basis of M&S’ claims, however the ASA said this was “misleading” and “substantiation” because “it…
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12 June
Henri Lloyd to slash 128 jobs despite coming out of administration
Henri Lloyd is to be brought out of administration by a company called Aligro UK Limited, and it will continue to trade from stores in Salcombe, Dartmouth, Cowes, Cheshire Oaks and Lymington. The stores kept open will save 38 jobs, however 128 jobs in total will be axed as stores…
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7 June
House of Fraser to shutter 31 stores
Embattled department store chain House of Fraser has announced it is to close 31 stores as part of its CVA proposals, due to its current property portfolio being “unsustainable in its current form”. Following a comprehensive review of the group’s entire property portfolio, the directors of the company has identified…
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May- 2018 -31 May
TUC, Usdaw launch petition calling for Marks and Spencer transparency
Shopworkers’ trade union Usdaw has joined with the Trades Union Congress (TUC) to launch a petition calling on Marks and Spencer to immediately open up a dialogue with the union to ensure staff are properly represented throughout its programme of store closures. Paddy Lillis, Usdaw General Secretary Elect, said: “All staff…
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29 May
Number of department stores ‘falls 25%’ in less than a decade
The number of large department stores in England has fallen by 25% in less than a decade according to new research by secured lending platform Lendy. It said department stores have been more sharply affected than the rest of the high street by online shopping, as the unusually heavy debt…
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23 May
Primark set to overtake Marks and Spencer market share
Primark is set to overtake M&S to become the UK’s largest clothing retailer by market share, according to new data. The discount clothing chain will see its market share rise to 7% while M&S will see a drop to 7.6%. New data from Global Data has shown that Primark’s market…
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23 May
M&S profits dive 62% for full year
Marks and Spencer has reported a 62.1% drop in pre-tax profit for the year ending March 2018, amid an ongoing store closure programme. Profits before tax dropped from £176.4m to £66.8m during the year, and the cost of the store closure programme – which will see more than 100 stores…
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22 May
Revealed: M&S names stores to shutter
M&S has announced the next tranche of UK stores proposed for closure or set to close as it reshapes its UK store estate with plans to take at least a third of sales online. The retailer will close over 100 stores in total by 2022, including 21 that have already…
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17 May
House of Fraser landlord anger nullified by stock exchange rules
House of Fraser’s relations with a range of stakeholders worsened today after several landlords expressed anger at proposed rent reductions as part of an ongoing CVA plan. Landlords are said to be peeved by the request for rent reduction after fresh investment by Hamley’s owner C.banner. Several landlords told media…
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