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- 2020 -20 October
Hamleys to axe a quarter of staff
Iconic toy retailer Hamleys is reportedly set to cut more than a quarter of its London workforce. According to The…
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15 October
Dunelm reports ‘very strong’ first quarter trading
Dunelm has reported “very strong’’ first quarter trading for the 13-week period ended 26 September with results coming in ahead…
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14 October
Matalan profits drops by 44% at end Q2
Profit at retail chain Matalan dropped 44% to £25.8m during the 13 week period ending 29 August as the retailer…
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Sep- 2020 -28 September
John Lewis launches new virtual Christmas shop for consumers
Earlier this month John Lewis announced a £635m pre-tax loss for the half-year period ended July 2020. The department store…
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24 September
Richest man in India interested in Debenhams acquisition
India’s richest man is reportedly one of the parties interested in making a bid to acquire Debenhams, according to Sky…
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17 September
Next raises forecast amid ‘resilient’ performance
Next has announced that full price sales were down by 33% in the first half of the year, following the…
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16 September
Nectar points given with Argos purchases for first time
Sainsbury’s has revealed that Nectar points will now be offered with Argos purchases for the first time ever. The supermarket…
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14 September
Matalan CEO steps down
Matalan CEO Jason Hargreaves has stepped down from leading his family’s company after seven years at the helm. Hargreaves is…
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Aug- 2020 -25 August
DFS trading remains ‘strong’ despite lockdown
DFS announced today it is continuing to trade “strongly” both online and in showrooms despite the economic downturn, with year-on-year…
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24 August
Debenhams owner calls in advisers for its own administration
The holding company of Debenhams, Celine Group Holdings, has appointed advisers to help prepare for its own administration. Celine confirmed…
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