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....The former owner of BHS has told a court he did not receive demands for information from the pensions watchdog as he was “offshore on a boat”. Dominic Chappell, who headed Retail Acquisitions which bought BHS for £1 from Topshop entrepreneur Sir Philip Green about a year before the department store fell into administration, has been accused of failing to provide information to the pensions regulator. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 04:59:34 PM
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Latest Finance News related to Department Store

Former BHS owner didn't get summons as was 'on a boat' image
Source : Guardian [Read Article] Wednesday 20th of September 2017 04:59:34 PM
....The former owner of BHS has told a court he did not receive demands for information from the pensions watchdog as he was “offshore on a boat”. Dominic Chappell, who headed Retail Acquisitions which bought BHS for £1 from Topshop entrepreneur Sir Philip Green about a year before the department store fell into administration, has been accused of failing to provide information to the pensions regulator. ...
Former BHS owner could face fine if the charges stick image
Source : Guardian [Read Article] Sunday 17th of September 2017 09:31:18 AM
.... Green owned BHS for 15 years, until he sold it to Chappell, a former bankrupt with no retail experience. Retail Acquisitions, the company he headed that made the acquisition, received up to £25m from BHS, despite owning the department store chain for just 13 months until it collapsed. ...
John Lewis profits halve as chairman warns over Brexit uncertainty image
Source : Guardian [Read Article] Thursday 14th of September 2017 07:20:55 AM
....John Lewis profits have more than halved amid rising prices and weaker consumer demand prompted by Brexit. In an update for the first six months of its financial year, the group, which owns Waitrose supermarkets as well as the John Lewis department store chain, said it expected the tough retail climate to continue throughout this year as UK consumers were less willing to spend money against a backdrop of higher inflation and political uncertainty. ...
Can Poland's answer to Topshop make it on Oxford Street? image
Source : Guardian [Read Article] Saturday 9th of September 2017 07:00:01 AM
....On Wednesday, the Polish brand Reserved put on a show of its own, hiring Kate Moss to draw the fashion crowd to its debut store on London’s Oxford Street, where 120 million shoppers pass by each year. Billed as Poland’s answer to Topshop, the retailer is ploughing an initial £50m into breaking the UK market, paying a high price for the cavernous former BHS department store it believes will, literally, provide it with a shop window to the world. ...
UK perfume shops hope new Chanel fragrance can mask foul sales image
Source : Guardian [Read Article] Friday 1st of September 2017 07:26:24 PM
....”. The Mintel analyst Roshida Khanom says specialist chains and department store counters have been having a tough time selling scents. ...
John Lewis rolls out scheme to take the hassle out of finding a tradesperson image
....The retailer, which has built up one of the most trusted brands in the UK partly thanks to its highly rated customer service and “never knowingly undersold” pledge, is now aiming to make employing a tradesperson a lot less hit and miss. The Home Solutions service is part of the department store’s effort to fend off competition from online upstarts such as Amazon by providing more services. ...
Sir Philip Green's retail empire agrees to pay £30m to BHS creditors image
Source : Guardian [Read Article] Friday 25th of August 2017 01:05:05 PM
. Sir Philip Green’s Arcadia retail empire has agreed to pay £30m to unsecured creditors of BHS following the collapse of the department store chain with the loss of 11,000 jobs. ...
Tories may compel firms to disclose gap between pay of CEOs and workers image
Source : Guardian [Read Article] Thursday 24th of August 2017 08:24:14 PM
....May originally raised the prospect of a crackdown on executive pay in her Tory leadership bid in July 2016 in a speech that included proposals to allow employee and consumer representatives to sit on company boards, and make shareholder votes on executive pay legally binding. However, when a green paper was published in November the prime minister faced criticism from unions for backtracking on installing workers’ representatives on boards, while opposition MPs questioned whether enough safeguards were being put in place to avoid a rerun of the debacle at the collapsed department store chain BHS. ...
Putting the fun in functional: will Arket revitalise the high street? image
Source : Guardian [Read Article] Wednesday 23rd of August 2017 05:00:05 AM
....Arket calls itself “a modern-day market”. This is not a reference only to the mix of clothes and homeware, of decorative and functional (department stores have been doing that for centuries), but also to the spirit of market shopping. ...
Ex-BHS owner Dominic Chappell prosecuted by pensions regulator image
Source : Guardian [Read Article] Tuesday 22nd of August 2017 11:38:09 AM
....Green owned BHS for 15 years until he sold it to Chappell, a former bankrupt with no retail experience. Retail Acquisitions received payments of up to £25m from BHS despite owning the department store chain for just 13 months until it collapsed. ...
UK credit and debit card spending ​growing​ at fastest rate since 2008 image
....1% a month earlier, helped offset falls in every other sector, according to the ONS, although some economists blamed wet weather for weaker sales by fashion retailers. Spending on cards in the retail sales sector grew by £500m in the second quarter, according to UK Finance data, driven by increased spending in the mixed business - department stores, discount shops and catalogue sales - and food and drink, which were up by £500m and £100m respectively. ...
End of the checkout line: the looming crisis for American cashiers image
Source : Guardian [Read Article] Wednesday 16th of August 2017 09:00:35 AM
.... He began his retail career at the Gap, taking part in that quintessential American rite of passage: getting a summer job in high school. Twenty-one years later – after a career that took him from fast fashion chains to department stores to high-end boutiques and saw him climb the ladder from cashier to visual merchandiser to store manager – he’s looking for a way out. ...
Jingle bells in July as Selfridges opens Christmas shop 147 days early image
....It might be 147 days before Christmas but on the fourth floor of Selfridges on London’s Oxford Street there are six fake fir trees decked out with fairy lights and £50-a-pop corgi and union flag baubles. A Father Christmas on Monday opened Selfridges’ annual festive shop, making it the first department store in the world to open a dedicated Christmas department in July. ...
SodaStream gets busy with the fizzy … again image
Source : Guardian [Read Article] Saturday 22nd of July 2017 08:00:33 AM
....With Britons suffering the longest decline in their spending power since the 1970s there is growing evidence of shoppers changing their behaviour, such as buying more own brands to save precious cash. Last week Paula Nickolds, the boss of department store chain John Lewis, signalled the return of “the lipstick effect” – whereby a rise in sales of beauty products heralds a consumer squeeze as shoppers opt for small treats rather than big purchases. ...
The promise of a new era at Sports Direct must also mean new personnel image
Source : Guardian [Read Article] Thursday 20th of July 2017 06:48:36 PM
.... Why does it need a 17% stake in Debenhams, for example?. The argument that the holding provides leverage to obtain square footage in the department stores is laughable. ...
Quiz float makes fashion firm's founding family some of Scotland's richest image
....6bn. Sheraz Ramzan said Quiz was different to Boohoo as it pursued several routes to market, operating 73 UK stores and 165 department store concessions as well as a website. ...
Burberry's Paul Price to be new boss of Topshop image
Source : Guardian [Read Article] Wednesday 19th of July 2017 05:46:19 PM
.... She was preceded by Jane Shepherdson, who ran Topshop from 1999 until 2007, before leading a buyout of the Whistles chain, which she left in 2016. An American who started his fashion retail career at Bloomingdale’s department store, Price has spent the past decade as chief merchandising officer at British luxury brand Burberry. ...
Karren Brady to chair firm that owns Philip Green's Arcadia group image
Source : Guardian [Read Article] Monday 17th of July 2017 02:40:37 PM
....Grabiner, a barrister, insisted to MPs that he had been a “responsible” chairman, despite not being invited to a key board meeting that discussed the sale of BHS to a group led by Dominic Chappell, a former bankrupt, for £1. About a year later the department store group collapsed with the loss of 11,000 jobs and leaving a multimillion pound pension deficit. ...
'The lipstick effect': Britons treat themselves as budgets tighten image
Source : Guardian [Read Article] Saturday 15th of July 2017 08:00:01 AM
.... But tough times also encourage shoppers to treat themselves, and history has shown that sales of cheap thrills – from lipstick to takeaway coffee, expensive perfume, skin cream and sparkling wine – can do well in a downturn. “The backdrop is very uncertain and it was made worse by the tragic events that happened across British cities over the last few months,” said Paula Nickolds, managing director of the John Lewis department stores chain, referring to the terror attacks in London and Manchester. ...
Green's 'main purpose' in BHS sale was to avoid pension liability, says watchdog image
. Sir Philip Green was pushed to pay into BHS’s pension after the industry regulator found the “main purpose” in selling the department store was to prevent taking on liability for the scheme. ...
Handbags at dawn with Farfetch, the latest thing in upmarket online fashion image
.... The market once dominated by Net-a-Porter is now in the sights of London-based Matches. com, Munich’s Mytheresa, department store groups and the brands themselves. ...
Revealed: reality of life working in an Ivanka Trump clothing factory image
Source : Guardian [Read Article] Tuesday 13th of June 2017 04:02:30 AM
.... During her father’s campaign, net sales for her brand increased by almost $18m in the year ending 31 January 2017, according to G-III data. But in recent months, several department stores have pulled her brand and G-III discreetly relabelled some Ivanka Trump merchandise under a different house brand, Adrienne Vitadini. ...
Sir Philip Green's retail empire reels from BHS closure and Topshop fall image
....6m to Green’s wife, Tina, the ultimate owner of Arcadia, as part of the deals agreed when Taveta bought BHS from the Green family in 2009. Taveta still owes the Green family nearly £87m for the failed department store. ...
Arora brothers cash in £227m of shares from B&M retail chain image
Source : Guardian [Read Article] Friday 2nd of June 2017 12:13:31 PM
.... Former Tesco boss Sir Terry Leahy is chairman and the group owns the Jawoll chain in Europe as well as hundreds of UK outlets. B&M is one of the UK’s fastest growing retailers, benefiting from consumers seeking a cheaper alternative to mainstream supermarkets, health and beauty shops or department stores. ...
G4S rejoins FTSE 100 as Debenhams drops out of FTSE 250 image
Source : BBC [Read Article] Wednesday 31st of May 2017 05:56:36 PM
....In the latest reshuffle of the FTSE share market indexes, security company G4S is rejoining the FTSE 100. But department store Debenhams has lost its spot in the broader FTSE 250, alongside online electrical retailer, AO World. ...
Edinburgh Woollen Mill acquires Jaeger brand in plan for new chain image
Source : Guardian [Read Article] Sunday 28th of May 2017 04:46:27 PM
....Others branches are expected to open shortly, in Newcastle and Bedford. The expansion comes despite the collapse of BHS, which has fuelled fears about the future of department stores in the age of online shopping. ...
Ex-BHS owner Dominic Chappell could be pursued by Sir Philip Green for millions image
. Dominic Chappell, the former owner of BHS, could be pursued for millions of pounds owed to Philip Green’s business empire as well as to creditors of the now collapsed department store. ...
Which? names Richer Sounds and Toolstation as UK's best-rated shops image
Source : Guardian [Read Article] Saturday 13th of May 2017 07:01:40 AM
....They are not exactly household names, unless you spend your weekends in the shed or fiddling with your surround-sound speakers, but an influential shopper survey has named Toolstation and Richer Sounds as the UK’s most highly-rated shops. The two retailers were ranked joint first, ahead of customer service luminaries Apple and department store chain John Lewis, in the poll of 10,000 shoppers by consumer group Which?. ...
Just do it: the experience economy and how we turned our backs on ‘stuff’ image
.... Spending in restaurants went up 16%, while theatres and cinemas enjoyed a 13% rise. Meanwhile, department stores suffered a 1% drop, vehicle sales were down 11% and spending on household appliances fell by 2. ...
US retail sales rise as stores struggle image
Source : BBC [Read Article] Friday 12th of May 2017 05:29:48 PM
....US retail sales rose by 4. 5% in April compared with the same month last year, but department store chains continue to struggle. ...
Snap plunges as Wall Street loses ground image
Source : BBC [Read Article] Thursday 11th of May 2017 08:47:45 PM
. Wall Street closed lower on Thursday, pulled down by lower-than-expected sales at major US department stores and a selloff in Snap. ...
Sliding sales stoke fears for US department stores image
Source : BBC [Read Article] Thursday 11th of May 2017 04:39:56 PM
. Weaker-than-expected sales at several US department store chains reignited concerns about the US retail sector and prompted investors to offload shares. ...
John Lewis profits suffer £36m dent from minimum wage error image
Source : Guardian [Read Article] Tuesday 9th of May 2017 10:54:26 AM
....John Lewis profits have been dented by £36m after a payroll error that breached minimum wage rules. The retailer, which owns Waitrose supermarkets as well as its namesake chain of department stores, said it was working with HMRC to examine its practice of pay averaging, which aims to smooth out monthly pay over the year. ...
Coach bags New York rival Kate Spade for $2.4bn image
Source : BBC [Read Article] Monday 8th of May 2017 01:32:13 PM
....50 a share for Kate Spade in a bid to create a multi-brand fashion house. Both firms are grappling with sliding sales at US department stores where their products have traditionally been sold. ...
Retail Acquisitions, which bought BHS for £1, heads for liquidation image
Source : Guardian [Read Article] Thursday 4th of May 2017 12:17:13 PM
. Retail Acquisitions, the former owner of the collapsed BHS, is on the point of liquidation, potentially helping investigations into the demise of the department store chain. ...
Sir Philip Green and wife took £433m hit last year, says rich list image
....8bn. BHS, the department store chain formerly owned by Green, plunged into administration just more than a year ago, affecting 11,000 jobs and around 19,000 pension holders. ...
Sir Philip Green could still lose knighthood, says MP image
Source : Guardian [Read Article] Sunday 23rd of April 2017 03:54:50 PM
.... The case against Sir Philip will continue in the new parliament,” said Field. The comments come almost a year to the day since the department store chain plunged into administration, affecting 11,000 jobs and around 19,000 pension holders. ...
When an M&S closes, you lose more than a store | Barbara Ellen image
Source : Guardian [Read Article] Saturday 22nd of April 2017 11:05:27 PM
.... Then there are the physical and visual elements. The sites set to close are “full-line” department stores, of the kind that dominate the hearts of towns. ...
BHS crash sets trend for a chain of closures on UK high streets image
Source : Guardian [Read Article] Saturday 22nd of April 2017 03:00:17 PM
.... The Pensions Regulator is pursuing legal action against Chappell and his company, Retail Acquisitions Ltd (RAL), for £71m it wants them to stump up for BHS pensioners. RAL had received payments of up to £25m from BHS despite owning the department store chain for just 13 months until it collapsed. ...
Green Investment Bank sell-off: only time will tell how green it is | Nils Pratley image
....It is hard to point to any feature of the plan that is genuinely novel. Cafes and restaurants in the shops? Most department stores offer them these days, and the high streets outside are awash with Costas. ...
M&S to close six stores as it tries to 'stay in tune' with shoppers image
Source : Guardian [Read Article] Thursday 20th of April 2017 11:27:13 AM
....Marks & Spencer has announced plans to close six stores, affecting 380 jobs, but the retailer has pledged to find staff alternative posts in nearby outlets. The announcement comes after Debenhams, Britain’s second-largest department store chain, warned that several hundred jobs are at risk as part of a shakeup that will close up to 10 shops and 11 warehouses. ...
Debenhams jobs at risk as stores close in 'social shopping' shakeup image
Source : Guardian [Read Article] Thursday 20th of April 2017 09:18:15 AM
. The new chief executive of Debenhams is to give the department store chain an expensive makeover after admitting some shops looked tired and old and customers had to go on a “treasure hunt” to find what they wanted. ...
Debenhams unveils turnaround strategy image
Source : BBC [Read Article] Thursday 20th of April 2017 07:21:02 AM
.... . The department store chain announced earlier this year that it had begun consulting on the closure of one central distribution centre in Northamptonshire which employs about 200 people. ...
Did you lose your job when BHS went into administration? image
Source : Guardian [Read Article] Tuesday 18th of April 2017 04:44:09 PM
. The controversial collapse of the BHS department store chain last April, led to the loss of 11,000 jobs and left a pension deficit assessed at £571m. ...
Next boss misses out on annual bonus for first time in 18 years image
Source : Guardian [Read Article] Tuesday 18th of April 2017 04:15:22 PM
....House of Fraser finance director Colin Elliot said on Tuesday he was also cautious and expecting “another challenging year” in 2017 amid uncertainty over the UK’s relationship with Europe and the snap general election announced on Tuesday. He said the department store chain would be updating its shops and adding in more restaurants and cafes as it tried to use its high street space differently in the face of a tough clothing market. ...
Two-thirds of BHS stores lie empty as anniversary of collapse nears image
Source : Guardian [Read Article] Sunday 16th of April 2017 03:30:44 PM
. A year after the collapse of the department store chain BHS, more than two-thirds of its former stores still lie empty, blighting the UK’s high streets and shopping centres. ...
Can end of unhappy marriage with L'Oréal breathe new life into Body Shop? image
.... Meanwhile, many mainstream brands have followed Roddick’s lead, using more natural ingredients and no longer testing on animals. The Body Shop’s chain of stores is also up against rivals such as Space NK and greater competition from clothing chains and department stores that have increased their beauty ranges to offset falling clothing sales. ...
Selfridges helps shoppers unwind with potato peeling class image
Source : Guardian [Read Article] Thursday 6th of April 2017 05:29:23 PM
....But this group is not learning a new language, setting up a book club or planning a business venture. They are attending a workshop – taking place in the basement of Selfridges, one of London’s swankiest department stores – to learn how to peel potatoes. ...
Advertising fail image
Source : BBC [Read Article] Thursday 6th of April 2017 01:57:06 PM
....Thankfully we've since moved on to pictures of diseased organs to put people off smoking instead. There wasn't any cheering when the US department store Bloomingdale's released its Christmas catalogue two years ago. ...
Why the sound of Ed Sheeran helps sell fries image
Source : Guardian [Read Article] Sunday 2nd of April 2017 04:00:05 PM
. It’s elevator music, 21st-century style: not Herb Alpert, piped tinnily into your local department store, but carefully curated playlists generated by algorithms and used by major restaurants, supermarkets and retailers all over the world to entice us to spend more cash. ...
Sports Direct increases Debenhams stake to 16% image
Source : BBC [Read Article] Sunday 2nd of April 2017 08:35:42 AM
. Mike Ashley's Sports Direct has raised its stake in High Street department store chain Debenhams. ...
New John Lewis boss warns of further job cuts and price rises image
Source : Guardian [Read Article] Thursday 30th of March 2017 05:11:10 PM
. The new boss of the John Lewis department store chain has warned of more job cuts this year and possible price rises as she said shoppers’ behaviour was changing “profoundly and fast”. ...
New John Lewis boss says department store needs reinventing image
Source : BBC [Read Article] Thursday 30th of March 2017 02:22:34 PM
. The new boss of John Lewis says the department store needs reinventing for a new generation of shoppers. ...
May's 'global Britain' gets boost as Qatar looks at £5bn investment image
Source : Guardian [Read Article] Monday 27th of March 2017 05:10:53 PM
....Theresa May’s ambitions to create a “global Britain” after Brexit have been boosted by Qatar’s announcement that it expects to invest £5bn in the UK over the next five years. On Monday, two days before the planned triggering of article 50, Qatari investors at a London conference suggested they were unperturbed by the prospect of Britain’s departure from the EU and were looking for further opportunities to build on already significant investments in the UK that include the Olympic Village in east London, the Shard building, Harrods department store and a stake in Sainsbury’s. ...
1,100 Jones Bootmaker jobs at risk as private equity deal collapses image
Source : Guardian [Read Article] Thursday 23rd of March 2017 07:39:45 PM
....Jones Bootmaker is expected to call in administrators on Friday in a move that will put more than 1,100 jobs at risk. The shoe retailer, which employs 1,145 people, has nearly 100 stores and a handful of concessions in department stores. ...
Next admits mistakes as profits fall for first time in eight years image
Source : Guardian [Read Article] Thursday 23rd of March 2017 08:58:32 AM
....In response to the tough high street trading conditions Next is seeking to make its stores more interesting places to shop. One experiment involves renting space in its largest store, in Manchester’s Arndale centre, to a range of concessionaires including a hair salon, a prosecco bar and a florist to create an experience like a department store. ...
K-Drama image
Source : BBC [Read Article] Tuesday 21st of March 2017 09:11:15 AM
.... . Mr Shin ceded control of the Lotte business empire, which spans hotels to department stores, after being ousted by his younger son in 2015. ...
Sir Philip Green 'could get £15m refund from £363m BHS payout' image
Source : Guardian [Read Article] Tuesday 21st of March 2017 06:30:06 AM
....Chappell has pledged to fight the legal action against him, saying the black hole in the BHS pension scheme was not his fault. Retail Acquisitions received payments of up to £25m from BHS despite owning the department store chain for just 13 months until it collapsed. ...
Gucci, Versace, D&G ... now top brands target fashion for kids image
Source : Guardian [Read Article] Sunday 19th of March 2017 12:05:01 AM
....While for some, designer labels are what matter, for others it’s brands with ethical credentials or those that manufacture in the UK. At upmarket London department store Liberty, Sarah Coonan, head of buying for the Little Liberty range, said: “When you’re buying for your cherished child or someone else’s, it doesn’t sit well if what you’re buying is not ethically sourced and organic: the majority of our customers ask questions about a garment’s provenance. ...
‘Corrupt firms can make troublemakers’ lives intolerable’ – our work expert responds image
.... . To top up his income he’s had a full-time permanent job as a junior manager at a well-known department store. ...
Jobs at risk as Jones Bootmaker teeters on brink of administration image
Source : Guardian [Read Article] Tuesday 14th of March 2017 08:09:59 PM
....Alteri bought Jones two years ago in a £12m deal which included the rival shoe retailer Brantano. Six months ago it appointed David Riddiford – a retail veteran who has had roles at Links of London and Ireland’s largest department store Arnotts – as executive chairman. ...
Why is John Lewis tightening its belt? image
Source : Guardian [Read Article] Friday 10th of March 2017 07:16:34 AM
How can my boyfriend find a paid job that makes use of his film degree? image
.... Since then he has tried to follow his ambition of being a freelance camera operator, but, in a sector where budgets are squeezed, he hasn’t been able to find regular work that will pay the bills. To top up his income, he has held down a full-time, permanent job as a junior manager at a well-known department store. ...
Tesco to pay out nearly £10m to staff after payroll errors image
Source : Guardian [Read Article] Thursday 9th of March 2017 10:56:20 AM
....Debenhams was among a list of 360 employers named and shamed by the government last month for underpaying staff. The department store chain topped the list of offenders after nearly 12,000 of the department store’s workers were short-changed. ...
John Lewis slashes staff bonus to 6% – the lowest in 63 years image
Source : Guardian [Read Article] Thursday 9th of March 2017 09:28:42 AM
....John Lewis has slashed its staff bonus to just 6% of salary, the lowest level since the 1950s, despite a 21% rise in pre-tax profits. The group, which includes department stores and the Waitrose supermarket chain, said the bonus was the equivalent of three weeks’ pay and had been cut to retain profits and strengthen its balance sheet. ...
John Lewis staff bonus cut again image
Source : BBC [Read Article] Thursday 9th of March 2017 09:27:42 AM
....The partnership said it held back more of its profits due to an "increasingly uncertain market this year". The group, which runs department stores and supermarkets, also warned of price pressures and intense competition. ...
John Lewis broke advertising rules by pulling Apple Watch deal image
Source : Guardian [Read Article] Wednesday 8th of March 2017 07:01:00 AM
....The company said that removing stock from sale was “not a decision we would take lightly” and that it had been done in good faith because Black Friday is the biggest retailing day of the year. The department store group reported its best ever weekly revenues of almost £200m last year thanks to Black Friday. ...
Patagonia and The North Face: saving the world – one puffer jacket at a time image
....While The North Face sells $5,500 (£4,480) two-metre tents and Patagonia sells $629 waders for fly fishing, many of the most popular products for both companies are everyday wear: waterproof anoraks, leggings, fleeces, and, most important of all, puffer jackets. “Everyone is trying to reinvent and reinterpret the black puffy jacket,” said Jeff Crook, the chief product officer at Mountain Equipment Co-Op, an outdoor department store that has 20 stores across Canada, “whether it spends most of its time on the mountain peak or at the bus stop. ...
Is China retaliating against Lotte missile deal? image
Source : BBC [Read Article] Monday 6th of March 2017 09:08:11 AM
.... . On Monday, Lotte said that more than 10 of its department stores across the country had been closed down suddenly. ...
John Lewis and Waitrose owner set to reduce staff bonus image
Source : Guardian [Read Article] Sunday 5th of March 2017 04:49:46 PM
....The cut in the bonus reflects the tough retail environment. The business, which covers department stores, supermarkets and online shopping, is expected to report a 10% fall in underlying annual profits for last year. ...
Bad news for online advertisers – you’ve been ’ad | John Naughton image
.... You paid a lot of money to put ads in newspapers and magazines or on television and billboards, but it was all hit and miss: you could never be sure what worked. As a US department store magnate, John Wanamaker, once said: “Half the money I spend on advertising is wasted; the trouble is, I don’t know which half. ...
Jimmy Choo revenues boosted by menswear range image
Source : BBC [Read Article] Thursday 2nd of March 2017 09:15:36 AM
.... . Revenue fell in the US as it repositions its business along with a fall in demand from department stores. ...
Dominic Chappell to fight legal action forcing him to pay BHS pensions image
Source : Guardian [Read Article] Wednesday 1st of March 2017 06:44:02 PM
....Green owned BHS for 15 years until he sold it to Chappell, a former bankrupt with no retail experience, for just £1 in March 2015. Retail Acquisitions (RAL) received payments of up to £25m from BHS despite owning the department store chain for just 13 months until it collapsed. ...
Philip Green agrees to pay £363m into BHS pension fund image
Source : Guardian [Read Article] Tuesday 28th of February 2017 02:42:06 PM
....Sir Philip Green has agreed to hand over £363m in cash to rescue the BHS pension scheme, and settle one of the biggest City rows of recent decades. The deal with the Pensions Regulator, which is likely to help the billionaire keep his knighthood, follows the controversial collapse of the BHS department store chain last April, which led to the loss of 11,000 jobs and left a pension deficit assessed at £571m. ...
John Lewis expects to cut nearly 800 jobs image
Source : Guardian [Read Article] Thursday 23rd of February 2017 03:45:38 PM
....John Lewis is to axe nearly 800 jobs in its customer restaurants and store administration in its biggest ever round of redundancies. The department store chain said it was consulting 773 people about redundancy as it attempts to cut costs and become more efficient. ...
Brexit vote begins to bite as rising food and fuel bills hit retail sales image
Source : Guardian [Read Article] Friday 17th of February 2017 12:51:52 PM
....There has been a silver lining to the pound’s fall, with the latest tourism figures from the ONS on Friday suggesting sterling’s devaluation has helped lure overseas tourists to the UK. A weak pound means their holiday spending money stretches further and hotels and department stores have already reported a boost from tourists. ...

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