Against the odds, Debenhams sales up 3.1% Thursday, 28th June 2012
Even with a stormy outlook, Debenhams managed to beat forecasts for underlying sales in its third quarter. Sales rose 3.1 per cent at stores open over a year in the 16 weeks to 23 June, which includes its fiscal third quarter. It compares with a rise of 0.3 per cent in the first half and analyst forecasts in the range of a 3 per cent drop to a 1 per cent increase.
BRC blasts Gove and Portas Pilots in call to arms Wednesday, 27th June 2012
“We need government to stand up and actually do something positive” head of the British Retail Consortium (BRC) Rob Templeman told delegates at the Retail Symposium 2012 on Tuesday, as reported by Reuters. In something of a call to arms for the retail industry, Templeman criticised the government for failing to do enough to improve the state of the high streets, adding that the Portas Pilot towns “lacked bold vision”.
Debenhams hails “future of shopping” with free Wifi in-stores Wednesday, 13th June 2012
Online or bricks and mortar? It doesn’t have to be one or the other: now Debenhams are rolling out free Wifi into all of its stores, becoming the largest coverage of any department store in the UK. 02 will manage the new service, which will allow customers to use their smartphones and tables to connect to free Wifi, wherever they are in store.
Debenhams adds to London property Wednesday, 2nd May 2012
British department store Debenhams will pre-let an additional 29,500 sq ft of office space in a British Land development near Warren Street station in central London. According to City AM, the retailer previously announced last year that it planned to move its headquarters to the Regent’s Place scheme on Brock Street, which is due to be completed in 12 months.
Debenhams profits up 1.4%, despite stormy outlook Thursday, 19th April 2012
The department store group saw profits rise 1.4 per cent to £127.1 million for its first half, despite rocky trading on the high street. In the six months to 3 March like-for-like sales also rose 1.4 per cent, amidst market conditions Debenhams described as “difficult”.
Debenhams to open first store in Russia this September Thursday, 29th March 2012
Debenhams is to open its first Russian store this September in an effort to cash in on the country’s booming retail market, according to Reuters.
Debenhams to be focal point of Friars Walk refurbishment Sunday, 25th March 2012
Debenhams will be the jewel in Newport’s new multi-million pound retail development crown this year, according to the South Wales Argus.
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