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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Jan- 2019 -18 January
Moodys lowers Debenhams and New Look ratings
Financial services firm Moodys has changed the outlook for both New Look and Debenhams from stable to negative amid both…
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18 January
John Lewis & Partners announce management shake-up
John Lewis & Partners has announced that Dino Rocos, partner and operations director, will retire at the end of May…
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10 January
Debenhams chairman ousted by Mike Ashley
The chairman of Debenhams, Sir Ian Cheshire, has resigned with immediate effect after Mike Ashley and other shareholders voted him…
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10 January
John Lewis staff face missing out on bonus for first time since 1953
John Lewis staff could lose their share of the department store giant’s profit for the first time since 1953. Traditionally,…
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10 January
Debenhams suffers sales struggle over Christmas
Department store chain Debenhams has reported a 3.4% drop in group like-for-like (LFL) sales for the six weeks to 5…
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10 January
M&S sales drop amid ‘difficult’ market
Marks and Spencer has reported a 2.7% drop in its total sales for the 13 weeks to 29 December 2018.…
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2 January
John Lewis ends final week of 2018 with 4.5% sales uplift
Department store chain John Lewis has reported a 4.5% year-on-year uplift in total sales for the week ending 29 December.…
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Dec- 2018 -19 December
John Lewis bucks retail woes with festive sales increase
John Lewis has bucked retail troubles reporting a total sales increase of 1.8% for the week to 15 December. The…
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13 December
Mike Ashley asks Debenhams to ‘reconsider’ £40m offer in ‘frustrated’ email
Mike Ashley has asked Debenhams to “reconsider” his £40m investment offer which he described as “a very public statement of…
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4 December
‘Tax the internet for the good of the high street’, Mike Ashley tells MPs
Sports Direct owner Mike Ashley has said online businesses should be taxed 20% in as soon as six months to…
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