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- 2023 -6 March
WHSmith to target stationary market with new Curi.o.city stores
WH Smith has reportedly revealed plans to open a souvenir and stationery store called Curi.o.city as it looks to fill…
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1 March
M&S set to increase salaries by 7% from April
British retailer M&S will raise the salary of more than 40,000 customer assistants by 7%, in a bid to help…
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Feb- 2023 -28 February
Pippa Wicks steps down as John Lewis director
Pippa Wicks, the executive director of John Lewis, has announced she is standing down from the group with immediate effect. …
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15 February
Dunelm profits fall 17% despite sales increase
Home retailer Dunelm has announced a 17% fall in its pre tax profits to £117m, down from £141m, for the…
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Jan- 2023 -20 January
Eve & Renshaw to cease trading after 240 years
Eve and Renshaw, one of the UK”s oldest department stores, has announced it will cease trading after 240 years of…
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16 January
M&S announces £480m store investment plan
Marks and Spencer has announced a £480m plan to invest in 20 “bigger and better” stores over the next two…
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6 January
Independent department store Sandersons reports record festive sales
Independent department store Sandersons Boutique has hailed a record-breaking festive sales period, despite facing a cost-of-living crisis, freezing weather conditions…
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Dec- 2022 -19 December
Ikea UK profits fall by nearly a fifth despite £2.2bn in sales
Ikea UK has announced that its profits have fallen nearly a fifth to £49.6m, despite posting sales of £2.2bn for…
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8 December
Acquisitions boost Frasers profits by 53%
Frasers has welcomed a strong performance in its half-year results, with pre-tax profits soaring 53% to £284.6m, as sales were…
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7 December
Fenwick sells Bond Street store for £430m
Fenwick, the 140-year-old department store, has announced that it will be closing its New Bond Street branch in central London…
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