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.
Sports Direct has sold its Debenhams stock just days after it purchased 56.8 million shares worth around £46 million. Despite pledging to be a supportive investor for the department store chain, Mike Ashley’s sportswear brand pulled its 4.6 per cent stake and instead entered a so-called ‘put option’ agreement to buy a 6.6 per cent stake.
John Lewis Partnership has hailed “a cracking start to the year” as both John Lewis and Waitrose record bumper post-Christmas sales. Total sales across John Lewis department stores rose 23.6 per cent to £113.4 million in the week ending January 4, while the retailer’s total sales, which includes sales online, were up 15.8 per cent year-on-year.
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