Snowfall hits Debenhams’ first-half profit Monday, 4th March 2013
Pretax profit at Debenhams came in below expectations as Britain’s second biggest department store group found snow “severely disrupted” trading in the first half. The retailer said it now expected pretax profit for the 26 weeks to 2 March to be around £120 million, well under analysts’ consensus expectations of around £130 million.
Mike Ashley in talks with Don McCarthy over House of Fraser sale Thursday, 13th December 2012
House of Fraser’s executive chairman Don McCarthy is reported to be involved in talks with a number of interested buyers for the department store, including Sports Direct and its owner Mike Ashley. According to the Guardian, McCarthy would not comment on speculation surrounding the sale, but insisted he would look after the interests of the shareholders.
Debenhams CEO in line for £300,000 bonus Tuesday, 20th November 2012
Debenhams' Westfield store. Michael Sharp, chief executive of Debenhams, is set to receive a one-off bonus in excess of £300,000 after a period of strong trading at the department store, which saw pre-tax profit rise 4.2 per cent in the year to 1 September. According to the Telegrah, the Debenhams’ remuneration policy would usually entitle Sharp to receive shares worth £923,000, or 150 per cent of his salary, but the chief executive will in this instance be awarded with shares worth £1.23 million, equivalent to 200 per cent of his annual salary.
British high street stalwarts face competition from US newcomers Tuesday, 23rd October 2012
High street stalwarts Next, Marks & Spencer and Debenhams may have to face off serious competition from US apparel retailers looking to the UK to reel in extra profits, according to the Guardian.
House of Fraser overtakes ASOS as UK’s most visible online retailer Saturday, 6th October 2012
House of Fraser has beaten ASOS, Debenhams and Marks & Spencer to number one as the UK’s most visible online brand, according to a report from digital marketing agency Greenlight. Profiling UK consumer online behaviour, the Greenlight report found 3.2 million searches via Google UK were made for womenswear, menswear and fashion accessories in July.
Google director joins Debenhams board Friday, 5th October 2012
Debenhams on Thursday announced Peter Fitzgerald, director for retail at Google, would join the department store’s board as a non-executive director. Having worked for Google since 2007 after an eight year stint at e-commerce giant Amazon, Fitzgerald will now be helping Debenhams grow its online business.
My-Wardrobe.com announces senior employee reshuffle Wednesday, 26th September 2012
My-Wardrobe.com has hired former Debenhams online marketing manager Joanna Stephenson as its new Trading Director.
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