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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Nov- 2021 -22 November
US equity firm Apollo examines potential M&S buyout
US private equity firm Apollo has reportedly been considering a buyout of Marks and Spencer, after initially considering it to…
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18 November
House of Fraser to close its Oxford Street store
Mike Ashley’s Frasers Group has confirmed that its flagship store on London’s Oxford Street is to close permanently. The retailer…
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15 November
Thai company eyes Selfridges buyout
Central Group, a Thai-based company which owns Rinascente, the Italian department store, is reportedly considering entering a multi-billion pound takeover…
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4 November
Harrods reports £68m loss as restaurant staff to vote on strike action
Luxury department store Harrods has reported a loss of £68m for the 52-week period ending 30 January 2021. According to…
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Oct- 2021 -21 October
John Lewis opens 10 Christmas Emporiums
John Lewis has announced the opening of its festive Christmas Emporiums across 10 stores. The Emporiums will host in-store events…
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18 October
The Weston Family in talks with QIA over £4bn Selfridges sale
Selfridges owners, the Weston Family, are reportedly in talks with the Qatar Investment Authority over a potential £4bn sale of…
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8 October
John Lewis Partnership to open LGV Driver Academy
The John Lewis Partnership is set to open an LGV Driver Academy next month, in a bid to train drivers…
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5 October
New retail brands set to open at Battersea Power Station
Battersea Power Station has announced that further retail brands are set to open in the grade II* listed building. Some…
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Sep- 2021 -29 September
Next raises guidance but warns of staff shortages
Next has raised its full-year guidance following a strong performance in its half-year results, and now expects its profit-before-tax to…
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24 September
Selco to open two new branches by 2022
Selco has announced plans to open two new branches in the last three months of 2021, in Canning Town next…
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