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Articles about Department Stores
KKR planning to invest in Saks Thursday, 23rd May 2013
The Private-equity firm is aiming towards merging the New York based luxury department store with its rival Neiman Marcus Group Inc.
Posted in Deals and Takeovers, Department Stores, fashion, Fashion News, Footwear, Jewellry, Luxury Goods, Online retail, Retail Industry Tagged merger, investment, finance, retailers, Saks
Westfield Group remain tight-lipped about Starwood deal Wednesday, 22nd May 2013
Photo credit: My-Retail Media
Westfield Group are allegedly in the early stages of agreeing a deal with Starwood Capital Group to sell seven of its U.S. shopping malls, according to Reuters. Private real estate investment company, Starwood Capital Group, are thought to offering in excess of USD 1 billion for the acquisitions, a source revealed on Wednesday.
Posted in Deals and Takeovers, Department Stores, Retail Industry, Retail Property Tagged DDR Corp, Westfield, Blackstone Group LP, retail property, real estate, department stores, Starwood Capital Group
Marks & Spencer posts another fall in profits Tuesday, 21st May 2013
Photo credit: Marks & Spencer plc
The department store group on Tuesday reported pre-tax profits fell to £564.3 million in the year to 30 March, down from £658 million the year before. Despite group sales rising 1.3 per cent to £10 billion, Marks & Spencer’s general merchandise lines continued to struggle, falling 4.1 per cent year-on-year and dragging down the performance of the business as a whole.
Posted in Department Stores, E-Commerce, fashion, Food, M-Commerce, Retail Industry Tagged marks & spencer, m&s, department, store, retail, general, merchandise, profit, sales, m-commerce, e-commerce, fashion, online, centre, e-comm
Crunch time as M&S expected to post lowest annual profit in four years Monday, 20th May 2013
Photo credit: Marks & Spencer plc
One of Britain’s best-known brands is expected to report its lowest annual profit in four years on Tuesday, as sales continue to drag for Marks & Spencer. The department store is forecast by analysts to report a profit before tax and one-off items of £640 million to £670 million tomorrow, with a consensus of £658 million, according to a company poll.
Posted in Department Stores, fashion, Retail Industry Tagged marks, spencer, department, store, chain, food, clothing, launch, forecast, predict, marc, bolland
Marks & Spencer next in line to face criticism for corporate tax structure Monday, 20th May 2013
Photo credit: Marks & Spencer
Marks & Spencer has become embroiled in the corporate tax debacle which has seen tax campaigners criticise big companies about the way they structure its online sales to Europe. The Guardian has recently launched an investigation into companies who appear to be exploiting lenient tax rules by invoicing transactions to countries with the lowest corporate tax rates.
Posted in Department Stores, Online retail Tagged Marks & Spencer, Amazon, corporation tax, David Cameron, George Osborne, Ed Miliband, Google, Margaret Hodge, Suzy Blackwell, UK Uncut, Guardian, G8 Summit
Fashion sales back in vogue for John Lewis Friday, 17th May 2013
Photo credit: John Lewis plc
Despite tough comparisons across the business, John Lewis’ fashion sales rose 4.8 per cent in the week to 11 May, as the warm weather spurred on clothing lines. A warm bank holiday weekend brought a sharp drop in footfall for John Lewis in the seven days to 11 May, with total sales falling to -0.2 per cent year-on-year.
Posted in fashion, Retail Industry, Department Stores Tagged john lewis, partnership, trading, retail, profit, sales, rob collins, waitrose, food, supermarket
WH Smith voted worst store by consumers Friday, 17th May 2013
Photo credit: WH Smith
Consumer watchdog Which? has found that WH Smith is Britain’s worst store, according to a consumer poll of 100 high street brands. At the other end of the scale, Apple were crowned the best store knocking off last year’s winner Lush, who finished a respectable second, with the Disney Store coming in at third.
Posted in Books and Magazines, Consumers, Department Stores, Retail Industry Tagged WH Smith, John Lewis, Poundland, Poundstretcher, 99p Store, House Of Fraser, French Connection, Harvey Nichols, Apple, Lush, Disney Store, Which?, consumer, retail, department store
Marks & Spencer opens new Bahrain store Thursday, 16th May 2013
Photo credit: Marks & Spencer plc
Marks & Spencer this week celebrated another international store opening at the launch of its new Bahrain City Centre shop. The new 27,630 square feet store features the retailer’s new store format, covering clothing, beauty, footwear, lingerie and food. Speaking at the launch, John Cooper, managing director of Marks & Spencer Al-Futtaim said: “We’re delighted to have opened the 1st new full format store in Bahrain City Centre and believe that Bahrain is a burgeoning market for M&S.
Posted in Department Stores, fashion, Food, Franchise & Expansion, Lingerie, Retail Industry Tagged marks & spencer, plc, department, store, chain, retail, group, al-futtaim
Acne to open its largest store at LA Tuesday, 14th May 2013
Acne is set to open its largest store yet this autumn in downtown Los Angeles It will be California's first store of the Swedish brand.
Posted in Department Stores, fashion, Fashion News, Jewellry, Luxury Goods, Online retail, Retail Industry, Retail Property Tagged menswear, womenswear, clothing, fashion industry, stores, Acne Studios, Swedish fashion, accessories
New lingerie floor opens at Galeries Lafayette Monday, 13th May 2013
Photo credit: Galeries Lafayette
The luxury French department store, Galeries Lafayette, has revamped its lingerie department in its quest to reorganise its flagship. The new 37,675-square-foot lingerie section features 50 brands, 10 of which are new to the store, including exclusive French company, Maidenform, Esprit and Agent Provocateur.
Posted in Department Stores, fashion, Fashion News, Luxury Goods, Retail Industry, Retail Property Tagged Galeries Lafayette, Gerladine Mazin, Etam, Princesse Tam Tam, Jean Paul Gaultier, Stella Candete, luxury, lingerie, fashion, La Perle
