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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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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5 December
John Lewis and Waitrose cut heating and lighting to tackle bills
John Lewis and Waitrose are set to reduce their energy consumption this winter, with the department store cutting its heating…
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2 December
Frasers Group acquires Amara
Frasers Group CEO Michael Murray has confirmed that the group has acquired Amara, a luxury homewares brand, as it looks…
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2 December
John Lewis confirms £500m rental home venture
The John Lewis Partnership has agreed a £500m joint venture with global investment company abrdn to deliver around 1,000 new…
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Nov- 2022 -29 November
Ikea invests £12m in cost of living support package
Ikea has announced that it is investing £12m in a pay increase and wellbeing support package for staff across the…
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24 November
Mothercare appoints new CEO as profit and sales stall
Babywear retailer Mothercare has announced the appointment of Daniel Le Vesconte as group CEO as it revealed a period of…
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22 November
John Lewis chair warns inflation is ‘hitting top line’ as spending falls
The chair of John Lewis has warned that inflation is “hitting the top line”, with the group witnessing a notable…
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Oct- 2022 -31 October
Harrods swings to profit in FY21
Harrods has revealed it has returned to profit for the year ending 29 January 2022 (FY21), as the group’s operating…
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