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.
-
Jan- 2018 -17 January
Seasalt reports record breaking Christmas sales
Cornish fashion brand Seasalt has reported a record year for Christmas trading, with overall sales up 52% for the five weeks leading up to 6 January 2018. Strong sales growth was recorded both online and in-store, with 72% online year-on-year growth and store sales up by 40%. Additionally, international sales…
Read More » -
17 January
Poundland to open 150 Pep&Co ‘shop-in-shop’ fashion stores
Poundland has announced it will be opening over 150 Pep&Co ‘shop-in-shop’ fashion outlets in its stores over the next 12 months. The expansion comes just days after the retailer secured new loan funding to maintain its investment plans. Poundland also confirmed it would open the first of over 30 Republic…
Read More » -
16 January
Shop Direct posts 6.3% Christmas growth, appoints interim CEO
Shop Direct, which operates Very, Littlewoods and Very Exclusive brands, revealed its total group revenue increased by 6.3% during the seven weeks up to December 2017. The performance was driven by 16.8% growth in the Very brand, in what the group says is its “largest and fastest growing retail brand”.…
Read More » -
15 January
BHS.com continues online revival with sales increase
BHS.com, the online-only reincarnation of collapsed department store chain BHS, has seen a 43% increase in sales for the final quarter of 2017. The increase was boosted by strong performances in its home accessories, lighting and women’s sleepwear divisions, which saw sales increase by 43%, 57% and 107% respectively. The…
Read More » -
12 January
GAME reveals first sales growth in two years
Video game retail store Game has posted its first positive sales growth in over two years. The retail group provided a trading update ahead of its annual general meeting, revealing that gross transaction value (GTV) was up 5.2% over the Christmas trading period and up overall by 3.8% for the…
Read More » -
11 January
John Lewis issues profit warning despite ‘most successful trading day ever’
The John Lewis Partnership has reported an increase in sales for the six-week period ending December 30, but a competitive Christmas season characterised by heavy discounting across the retail industry will hit profits, it said today. Group sales were (which include John Lewis and Waitrose) were up 2.5% year-on-year, totalling…
Read More »
