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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Oct- 2024 -14 October
Fenwick unveils largest beauty hall outside of London
Fenwick has unveiled the opening of the largest beauty hall outside of London located in Newcastle. At 26,000 sq ft,…
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14 October
Selfridges’ property value falls by more than £600m
The value of Selfridges’ property portfolio plunged by more than £600m last year, according to The Sunday Times.The Times reported…
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11 October
Ikea sales dip 5.3% in FY24 after cutting prices
Ikea has seen a 5.3% decrease in retail sales to €45.1bn (£37.7bn) for its 2024 financial year as it “substantially”…
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8 October
Saudi Arabia acquires 40% stake in Selfridges
Saudi Arabia’s Public Investment Fund has acquired a 40% stake in Selfridges after purchasing the shares previously held by collapsed…
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3 October
M&S launches recruitment drive to fill 11,000 Christmas roles
Marks and Spencer has announced it will be recruiting over 11,000 new customer assistants to support in stores across the…
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Sep- 2024 -24 September
Harrods investigating if current staff involved in Al Fayed allegations
Harrods has revealed that it is investigating if any of its current staff were involved in allegations against former owner…
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23 September
Two Frasers Group brands face audit issues amid missing payroll data
Frasers Group has encountered issues with the audits of two of its brands, I Saw It First and Choice, according…
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20 September
Next warns of store closures if equal pay appeal fails
Next has warned that store closures may be necessary if its appeal against a recent equal pay ruling fails. Last month,…
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12 September
John Lewis narrows pre-tax losses to £30m
The John Lewis Partnership has revealed that its losses-before-tax closed to £30m, down from £59m, a decrease of 49%, for…
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11 September
Dunelm PBT rises 6.6%
Dunelm has revealed that its profit-before-tax rose 6.6% to £205m, up from £193m, for the year ended 29 June 2024.…
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