Articles tagged closure

Retail News - Westfield Foyles to close

Bookseller Foyles is planning to close its branch in Westfield White City on Sunday January 25th, so the space can be redesigned.

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Retail News - Burberry unveils 8% increase in comparable sales

The darling of British fashion on Wednesday posted strong third quarter results with like for like sales up 8 per cent in the three months to 31 December.

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Retail News - Macy's to close 14 stores

US department store Macy’s has announced the closure of 14 stores in Spring this year, in order to concentrate more upon other services such as “ship-from-store” and the collection of online orders in-branch.

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Retail News - Remaining 362 Phones 4u stores to close

Since going into administration, there has not been enough interest in high street retailer Phones 4u to save the brand's remaining 362 stores – which means that 1,697 people will lose their jobs.

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Retail News - Harris + Hoole to close six coffee shops

Tesco-backed Harris + Hoole on Tuesday announced it would close six of its coffee shop stores as the group looks to review its property portfolio.

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Retail News - Internacionale could be on the verge of administration

Fashion chain Internacionale is thought to be in trouble once more as reports emerge that it could be on the verge of administration.

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Retail News - Harrods closes controversial Pet Kingdom to make way for new fashion department

World-famous department store Harrods has finally closed the doors to its controversial Pet Kingdom in order to expand its womenswear collections.

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Retail News - Thorntons revenues up 1.8% as profits rise for full year
Photo credit: Thorntons plc

Revenues at the UK chocolate company were up 1.8 per cent to £221.1 million for the full year, as Thorntons managed to reduce its debt and improve its profit and sales. After a rocky few years for the group, Thorntons’ full year results for the 52 weeks to 29 June suggest its turnaround is well underway.

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Retail News - M&S announces closure of four Irish stores
Photo credit: Marks & Spencer plc

Marks & Spencer on Wednesday announced it would close four of its stores in the Republic of Ireland, a move which will see the loss of 180 jobs at the retailer. In a statement, the department store group said the stores would close “within the coming weeks resulting in 180 redundancies”.

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Retail News - Jones Group announces US store closures
Photo credit: Kurt Geiger

The Jones Group Inc., parent company to Nine West, Kurt Geiger and Jones New York, has announced it will close around 170 of its underperforming US stores by mid-2014. The company will also cut its workforce by 8 per cent as part of the measures announced on Wednesday, which Jones Group Inc said would cost around USD 40 million to USD 60 million over the next 15 months as it looks to turnaround its profits.

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