Over 100 British retailers have called for a business rates overhaul, calling the tax a “critical problem” in an open letter which marks the industry's most vocal show of opposition so far.
East - the Asian-inspired fashion retailer - has reduced its pre-tax losses as it seeks to exit unprofitable stores.
It has been revealed by the Wykeland Group that Debenhams is going to be the focal-point retail element of its Flemingate regeneration programme in Beverley, Yorkshire – to open in late 2015. The £120 million development lies opposite the Beverley Minster, and consists of 162,561 sq ft of retail and leisure space.
It’s already well-known for its luxury offering, traffic-stopping window displays and inimitable yellow branding, but soon Selfridges’ Oxford Street flagship will have a new claim to fame- as the ‘world’s largest and most comprehensive destination for accessories’.
As part of its landmark 200th birthday celebrations Debenhams has unveiled a total revamp of its Oxford Street-based flagship store.
Top brass from Sports Direct and Debenhams are set to meet on Thursday to discuss the sporting goods retailer’s controversial assault on shares ten days ago. Dave Forsey, chief executive of Sports Direct, and Michael Sharp, chief executive of Debenhams, will meet today in order to discuss the intervention.
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