Debenhams
This coverage examines Debenhams’ trajectory, strategies, and impact within the UK retail sector. Reporting focuses on store operations, online developments, financial performance, brand repositioning, product ranges, and executive changes. Designed for retail professionals, it offers analysis of commercial decisions, market challenges, and opportunities relevant to department store management and broader apparel and homeware retailing.
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Jul- 2021 -21 JulyNews
Mike Ashley launches high court action over Debenhams collapse
Sports Direct owner Mike Ashley has reportedly gone to the High Court to set aside a settlement agreed with Debenhams and its administrators earlier this year. According to the Times, the retail tycoon intends to “kickstart investigations” into the department store’s directors and advisors following its collapse. If accepted, the…
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14 JulyClothing & Shoes
Boohoo expands Debenhams presence in Middle East
Boohoo has announced a new partnership with Alshaya Group to build on the presence of Debenhams in the Middle East region. This partnership marks a further step as the group accelerates progress integrating and scaling the Debenhams brand. The Alshaya Group, which currently runs Debenhams stores in shopping malls, will…
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12 JulyClothing & Shoes
Quiz sales hit £17.3m amid online boost
Fashion retailer Quiz has revealed that total sales for the period between 1 April 2021 to 30 June 2021 hit £17.3m, up from £4.2m the prior year, which was consistent with the board’s expectations. The increase was attributed to sales rising in the group’s websites, which saw sales total £4.6m…
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Jun- 2021 -21 JuneSupermarkets
Morrisons rejects £5.5bn CD&R takeover bid
Wm Morrison Supermarkets has rejected a £5.5bn takeover bid from the American private equity company, Clayton, Dubilier and Rice (CD&R). Submitted on 14 June, CD&R’s offer was valued at 230 pence per Morrisons share for the entire share capital of the group. However, following a valuation with the supermarket chain’s…
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16 JuneHigh Street
Boohoo opens talks for Debenhams store return
Boohoo is reportedly in talks to open a Debenhams store in a bid to land deals with a number of beauty brands. According to the Times, “one store and one store only” will be opened to cater for those brands that would only supply when there is a physical retail…
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15 JuneClothing & Shoes
Boohoo see Q2 revenues surge 32% to £486m
Boohoo has reported a 32% surge in group revenues for the three months to 31 May 2021 from £367.8m to £486.1m which was spurred on by retailers turning to online shopping during the pandemic. UK revenue contributed heavily to the overall sales growth, which saw a 50% increase from £183m…
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May- 2021 -19 MayAnalysis
The Great Covid Experiment – Is the Pure-play Retailer Dead?
A year of enforced change in buying habits where pretty much everything went online is set to revert to “the new normal”. Yes, the Covid pandemic accelerated the shift to online; but is the future of retail really digital only? While in the short to medium term, there will remain…
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17 MayDepartment Stores
Debenhams’ remaining stores close for final time
Debenhams shuttered its last remaining stores over the weekend, ending its 243-year stint on the UK high street. According to Sky News, the retailer closed its remaining 28 stores on Saturday 15 May as it completed its transition as an online only retailer as part of the Boohoo Group. It…
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5 MayClothing & Shoes
Boohoo profits soar 35% in full-year results
Boohoo has reported that its pre-tax profit soared by 35% to £124.7m for the year ended 28 February 2021, up from £92.2m the prior year. In the same period, revenue climbed 41% to £1.7bn, up from £1.2bn the previous year, which Boohoo attributed to the growth of its longer established…
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Apr- 2021 -13 AprilClothing & Shoes
Quiz revenues plummet 66% amid store closures
Quiz has revealed that total revenues plummeted 66% to £39.7m in its FY21 trading update, as the fashion group was impacted by prolonged periods of store and concession closures. The group also cited the pandemic’s “detrimental” impact on demand for its trademark occasionwear, as social events and activities came to…
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