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.... . Mr Shin ceded control of the Lotte business empire, which spans hotels to department stores, after being ousted by his younger son in 2015. ... [Read full article on BBC ]
Tuesday 21st of March 2017 09:11:15 AM
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....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. ... [Read full article on Guardian ]
Sunday 19th of March 2017 12:05:01 AM
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....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. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 06:30:06 AM
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....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. ... [Read full article on Guardian ]
Thursday 23rd of March 2017 08:58:32 AM
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Latest Finance News related to Department Store

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. ...
Argos to pay £2.4m to 37,000 workers paid less than minimum wage image
Source : Guardian [Read Article] Thursday 16th of February 2017 03:26:07 PM
....The number of workers underpaid by Argos is well in excess of those shortchanged by Debenhams, which on Wednesday became the most prolific offender to be “named and shamed” by the government under a system that came into force in 2013. The department store chain was fined £63,000 and forced to pay back nearly £135,000 to 12,000 workers. ...
Lingerie brand Agent Provocateur could be heading for administration image
Source : Guardian [Read Article] Wednesday 15th of February 2017 07:32:35 PM
.... Advisers were looking for sums in excess of the £30m Agent Provocateur owes to its lenders. Sources close to the negotiations said Agent Provocateur was a strong brand, but had over-expanded into department store concessions and stores, and a pre-pack administration would enable a potential buyer to acquire the business without some of its liabilities. ...
Debenhams tops government's shame list for underpaying staff image
Source : Guardian [Read Article] Wednesday 15th of February 2017 07:14:42 PM
. The government has named and shamed a record 360 firms for underpaying their staff, with the list of offenders topped by Debenhams after nearly 12,000 of the department store’s workers were short-changed. ...
Luxury retailers hope Chinese new year tourists will leave them crowing image
Source : Guardian [Read Article] Saturday 28th of January 2017 08:00:49 AM
....At a nearby outlet centre, with discount designer goods from Matches, UGG, Anya Hindmarch and Pringle of Scotland, nearly every shop has a Mandarin-speaking assistant and some stores say that up to 70% of their shoppers are visiting from China. Harvey Nichols, the upmarket department store on the other side of London, said that it had Cantonese and Mandarin-speaking staff on hand at its tills to accept China Union Pay, a popular Chinese payment service. ...
UK GDP figures show solid end to 2016 despite Brexit vote image
Source : Guardian [Read Article] Thursday 26th of January 2017 03:13:11 PM
....A separate survey from the business lobby group CBI showed retail sales volumes fell unexpectedly in the year to January, but sales are expected to return to growth next month. Grocers suffered the sharpest drop in sales since August 2004, while clothing retailers and department stores continued to see solid growth. ...
Well-paid bosses should not get knighthoods – says Sir Philip Hampton image
Source : Guardian [Read Article] Tuesday 24th of January 2017 06:22:08 PM
....Honours handed to company bosses have been in sharp focus in recent months. In October, MPs voted for Sir Philip Green to lose his knighthood after the collapse of department store of BHS – a symbolic move – while the bribery scandal at Rolls-Royce has sparked calls from Labour for the firm’s former chief executive Sir John Rose to lose his honour. ...
Five-minute guide to haggling your way to a better deal image
Source : Daily Express [Read Article] Sunday 22nd of January 2017 12:01:00 AM
.... . Walker says you should choose your store and staff member carefully: “Sales assistants at the big department stores do not have the power to give you reductions but the floor manager might. ...
Harrods stops taking cut of tips in its restaurants after protests image
Source : Guardian [Read Article] Friday 20th of January 2017 12:39:28 PM
. Luxury department store Harrods has agreed to let staff keep 100% of the money raised from restaurant tips following a union campaign. ...
Let’s move to Streatham, south-west London: forget what you know image
Source : Guardian [Read Article] Friday 13th of January 2017 04:30:01 PM
.... Streatham was glam. The High Road is still lined with art deco mansion blocks, former department stores and cinemas from the era of Clark Gable. ...
M&S: Good news finally? image
Source : BBC [Read Article] Thursday 12th of January 2017 12:23:35 PM
....Elsewhere, there was good news tempered with caution about the coming year. This was best expressed at the John Lewis Partnership, which reported like for like sales growth of just under 3% at both the department store chain and the grocery business, Waitrose. ...
John Lewis to cut staff bonus after pound’s Brexit slide image
Source : Guardian [Read Article] Thursday 12th of January 2017 09:25:01 AM
....Its decision to cut the payout comes despite a strong Christmas and expectations of higher profits for the year to the end of January, thanks to lower pension costs. Sales for the John Lewis department store business, including online, rose by 2. ...
M&S beats Christmas sales forecast in clothing and homeware image
Source : BBC [Read Article] Thursday 12th of January 2017 08:18:05 AM
....The retailer also announced plans to close some of its overseas stores. Among the key trading updates on Thursday, the John Lewis Partnership said like-for-like sales at its department stores had risen 2. ...
Good Christmas? M&S set to surprise as retailers reveal festive sales image
Source : Guardian [Read Article] Sunday 8th of January 2017 02:14:45 PM
....M&S is among the big retailers lining up this week to reveal sales over the critical trading period. Major supermarkets Morrisons and Tesco, as well as department store chain John Lewis, are expected to have weathered the storm but groups exposed to a tough clothing market and a steep decline in high street shoppers have suffered. ...
Could Next be the new M&S: profitable but terminally unexciting? image
Source : Guardian [Read Article] Saturday 7th of January 2017 04:00:23 PM
....The retailer is still generating big profits, and the cerebral Wolfson is by no means in panic mode. In recent years he has focused on larger department store-style locations and points to a downturn in Christmas shopper numbers in those shops of only 4%. ...
Macy's shares fall 13% on job cuts plan image
Source : BBC [Read Article] Thursday 5th of January 2017 02:29:40 PM
. US department store chain Macy's has seen its share price fall 13% as it cut profit forecasts and announced plans to shed 10,100 jobs to save $550m (£447m). ...
Harrods pledges to improve catering staff tips after strike threat image
. The department store Harrods has promised to improve the tipping system for staff in its restaurants, following a threat of industrial action. ...
Tiger makes millions for couple who brought Danish store to UK image
Source : Guardian [Read Article] Monday 2nd of January 2017 06:45:29 PM
....The brand was described by one retail analyst as being “a bit like an Ikea marketplace on speed”. When BHS collapsed last April, Mary Portas, the retail consultant, said one way to save its department stores would be to emulate Tiger. ...
BHS liquidator pores over details of   Green and Chappell property deals image
Source : Guardian [Read Article] Monday 2nd of January 2017 04:16:53 PM
....BHS collapsed into administration last April, leading to the loss of 11,000 jobs and leaving a £571m pension deficit. A parliamentary investigation into the failure of the department store chain concluded that it had been systematically plundered under the ownership of Green and Chappell. ...
Harrods workers say company keeps up to 75% of restaurant service charge image
....Harrods has been accused of shortchanging its restaurant staff in the latest row over how service charges added to diners’ bills are shared among workers. The union representing Harrods waiters and kitchen staff believes the Qatari owner of the upmarket London department store retains up to 75% of the service charge, a situation it says reduces their pay by up to £5,000 a year. ...
Observer business agenda’s review of the year image
Source : Guardian [Read Article] Sunday 1st of January 2017 09:00:02 AM
.... Both men were then hauled in front of a joint select committee to explain themselves, an exercise that only succeeded in trashing their reputations some more. The MPs found that the department store had been subjected to “systematic plunder” by former owners, while Green gave “insufficient priority” to the pension scheme. ...
How attempts to save BHS, and 11,000 jobs, were doomed by chaos and mistrust image
Source : Guardian [Read Article] Saturday 31st of December 2016 04:00:32 PM
.... These documents showed that the £10m that Retail Acquisitions had put into BHS had been borrowed, that it had taken a £7m cut from the sale of BHS’s head office, North West House on London’s Marylebone Road, and that Chappell and his personal company, Swiss Rock, had been paid £1. 8m after buying the department store chain. ...
Brexit, strikes and pay revolts: the year in business image
Source : Guardian [Read Article] Wednesday 28th of December 2016 06:00:27 AM
.... She was named commercial director last year, with responsibility for shops and product development. It’s a big gig, running “middle England’s” favouite department store, but she is taking over at a tricky time: profits slumped 31% to £32m in the first half of this year as the chain struggled to adapt to the shift to online shopping. ...
BHS workers swamp Charles Dickens charity with help requests image
Source : Guardian [Read Article] Tuesday 27th of December 2016 05:53:33 PM
....A hardship charity once chaired by Charles Dickens has been overwhelmed with requests for support from struggling shopworkers in the months since the collapse of BHS. The failure of the department store chain earlier this year, which triggered 11,000 job losses, has led to a record number of applications to the Fashion and Textile Children’s Trust for help. ...
Boxing Day footfall tumbles as shoppers go online image
Source : Guardian [Read Article] Monday 26th of December 2016 07:12:36 PM
....In London, Harrods said it was expecting a busy Boxing Day to build on a strong run-up to Christmas when it had achieved double-digit sales growth on a year ago. The managing director of the luxury department store, Michael Ward, said butlers were on hand on Monday to serve queues of shoppers coffee and croissants. ...
Philip Green demands Dominic Chappell pays into BHS pension deal image
Source : Guardian [Read Article] Monday 26th of December 2016 03:16:29 PM
.... During his ownership, the Green family and other shareholders collected at least £580m from BHS. Chappell’s company Retail Acquisitions received payments of up to £25m from BHS despite owning the department store chain for just 13 months until it collapsed. ...
Boxing Day shoppers expected to splash out before Brexit price rises image
Source : Guardian [Read Article] Monday 26th of December 2016 07:37:30 AM
....”. Retailers in London’s West End are expected to outperform the national picture as the devaluation of sterling since the Brexit vote draws high spending tourists to its high end department stores and luxury brands. ...
Pensions Regulator needs stronger powers, MPs say image
Source : BBC [Read Article] Wednesday 21st of December 2016 12:16:28 AM
....Mr Field has been running a vigorous campaign against Sir Philip over the wealthy retailer's apparent reluctance to put sufficient of his own money into a rescue of the BHS pension scheme. The fund was left with a huge deficit of £571m when BHS went bust in April this year with the loss of 11,000 jobs, just over a year after Sir Philip had sold the department store chain to a former bankrupt, Dominic Chappell, for just £1. ...
Making a list image
Source : BBC [Read Article] Sunday 18th of December 2016 12:39:04 AM
....So for every stationery Grinch, there's a stationery superfan. And for these superfans, there are still plenty of places on hand to cater for their every whim and desire: newcomers on the High Street such as Smiggle, an increasing number of independent stores, the old stalwarts like WH Smith and Rymans, as well as the stationery sections of department stores. ...
Pink Panther wafer maker Rivington hit by Brexit crunch image
Source : Guardian [Read Article] Thursday 15th of December 2016 10:24:44 AM
....The vast majority of the workforce, 99 people, have left while 24 people have been kept on to help fulfil existing contracts with supermarkets. However, their future is uncertain while FRP, which is also handling the liquidation of collapsed department store chain BHS, tries to find a buyer for the business. ...
Black Friday 'online sales rise by 12% from last year' image
Source : BBC [Read Article] Wednesday 30th of November 2016 12:03:47 PM
...."Over the past few years Black Friday has consistently demonstrated a remarkable capacity for shifting in terms of size and scale," said Justin Opie, managing director at IMRG. On Tuesday department store chain John Lewis reported record sales for last week of just under £200m, a rise of 6. ...
Government called on to take bolder action on corporate reform image
Source : Guardian [Read Article] Tuesday 29th of November 2016 01:30:49 PM
....The government has faced calls to take bolder action to reform corporate Britain after it launched proposals it said were intended to hold business to account following a series of scandals and rows over executive pay. Unions criticised the government for backtracking on installing workers representatives on boards and opposition MPs questioned whether enough safeguards were being put in place to avoid a rerun of the debacle at the collapsed department store BHS. ...
John Lewis posts record £200m sales week thanks to Black Friday image
Source : Guardian [Read Article] Tuesday 29th of November 2016 12:34:40 PM
....The growing importance of Black Friday for UK retailers has been underlined by the latest sales figures, with John Lewis reporting its best ever weekly revenues of nearly £200m. The department store group said it achieved sales of £199. ...
Petition urges Philip Green to tackle BHS pension deficit image
Source : Guardian [Read Article] Tuesday 29th of November 2016 06:00:40 AM
. Former BHS workers and trade union representatives are to descend on the headquarters of Sir Philip Green’s retail business in an attempt to force him to fill the £571m deficit in the collapsed department store chain’s pension scheme. ...
Theresa May to unveil boardroom crackdown on private big business image
Source : Guardian [Read Article] Tuesday 29th of November 2016 12:01:33 AM
....During her campaign to become prime minister in the wake of the Brexit vote, May had put corporate reform on her agenda, raised the prospect of employee representatives on boards and also of making votes on executive pay legally binding. In July, after a damning report by MPs into the collapse of department store BHS, she also prepared the way for closer scrutiny of private companies. ...
Black Friday takings soar 16% in online bonanza image
Source : Guardian [Read Article] Friday 25th of November 2016 07:11:06 PM
....John Lewis, which racked up the biggest sales week in its 150-year history around Black Friday last year, said overnight sales through its website were ahead of expectations with five orders placed every second. The department store joined a wave of major retailers reporting double digit surges in online sales from midnight through to lunchtime. ...
Black Friday sales rush reported by retailers image
Source : BBC [Read Article] Friday 25th of November 2016 12:16:05 AM
....Meanwhile, in the US, where it all started, websites saw heavy traffic. The boss of department store Macy's said it had seen a strong start to the sales, although its website later suffered glitches. ...
Britons expected to spend £1.3bn on Black Friday bargains image
Source : Guardian [Read Article] Thursday 24th of November 2016 06:41:10 PM
....“Some retailers have gone to great lengths to ensure they are ready and others less so, but even big e-retailers, such as Amazon, have experienced issues on busy days like Black Friday,” said Robert Castley, a senior performance engineer at the digital analytics firm Catchpoint. John Lewis’s operations director, Dino Rocos, said that Black Friday week last year delivered the highest sales in the department store’s 150-year history, with its website experiencing a 300% increase in traffic during the early hours of Friday. ...
Best discounts and deals on UK Black Friday 2016 image
Source : Guardian [Read Article] Thursday 24th of November 2016 04:15:30 PM
....99. What’s happening? The department store is discounting 327,000 items and predicting six times the sales of a regular Friday, with a 500% surge in online sales. ...
Skyscanner sold to China's Ctrip in £1.4bn deal image
Source : Guardian [Read Article] Thursday 24th of November 2016 05:04:39 AM
....Anxiety about takeovers from abroad has been fuelled by the £24bn takeover of semiconductor firm ARM Holdings earlier this year by Japan’s Softbank. Other controversial foreign takeovers in recent years include the £12bn sale of Cadbury’s to US snacks firm Kraft in 2010 and the sales of department store House of Fraser and toy emporium Hamley’s to Chinese investors. ...
Selfridges goes bigger on bags as £300m London revamp begins image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 03:11:02 PM
....“The completion of this phase offers the first glimpse of our wider project for the accessories hall,” said David Chipperfield. “Inspired by the timeless classicism and grand scale of the original building, the scheme will unify the accumulated building structures that make up the department store. ...
BHS pension: Frank Field asks if Philip Green's assets can be seized image
Source : BBC [Read Article] Tuesday 22nd of November 2016 10:13:23 PM
....The regulator launched an enforcement action against Sir Philip after failing to reach a deal with him. BHS was left with a near-£600m deficit when the department store chain collapsed earlier this year. ...
Michael Sherwood quits Goldman Sachs role image
Source : Guardian [Read Article] Monday 21st of November 2016 03:31:31 PM
....But Goldman was forced to talk about its relationship with Sir Philip Green when he was selling BHS. Green said he was “1,000,000%” would not have sold the department store chain to Dominic Chappell had the buyer not passed an informal vetting by the bank. ...
Tesco may open dozens more Arcadia fashion concessions in its stores image
Source : Guardian [Read Article] Thursday 17th of November 2016 04:27:24 PM
.... Tesco then hopes to open up to 35 more concessions a year, although it is not clear how many of those would be Arcadia brands. The new avenue of expansion comes as a boon for Arcadia, which lost dozens of concessions with the closure of BHS, the department store chain once owned by Green that collapsed in controversial circumstances this spring. ...
Staples brand to disappear from UK High Streets image
Source : BBC [Read Article] Thursday 17th of November 2016 12:32:23 PM
....She said Staples was continuing to make "good progress" on the rest of its European business to allow the company to "streamline our operations, sharpen our focus and more aggressively pursue our mid-market growth strategy". This year, a number of retailers have already closed or said they will shut down their UK shops, including department store group BHS, and clothing specialists such as Austin Reed, American Apparel and Banana Republic. ...
Former BHS owner Chappell arrested for 'unpaid tax bill' image
Source : BBC [Read Article] Sunday 13th of November 2016 10:08:17 PM
....HMRC did not confirm the identity of the "49-year-old businessman", but Mr Chappell told ITV News he had been arrested. The tax related to the profits he made from the department store chain before it collapsed. ...
BHS scandal: Dominic Chappell arrested amid tax investigation image
Source : Guardian [Read Article] Sunday 13th of November 2016 11:08:49 AM
. Dominic Chappell, the former owner of BHS, has been arrested as part of an investigation into unpaid taxes on profits made from the collapsed department store chain. ...
Pensions Regulator seeks 'multiples of £1m' from Chappell over BHS image
Source : Guardian [Read Article] Thursday 10th of November 2016 07:43:58 PM
.... Any party that reveals the details of the warning notice sent to them risks breaking the law. The claims against Chappell and Retail Acquisitions are likely to relate to the amount of money they took out of BHS and the sale of assets during their 13 months as owners of the department store chain. ...
John Lewis unveils Christmas ad starring a dog on a trampoline image
Source : Guardian [Read Article] Thursday 10th of November 2016 12:01:17 AM
....We’ve had the tear-jerking tales of Monty the penguin, a bear and a hare and a man on the moon, but this year John Lewis is pinning its hopes for a bumper Christmas on Buster the boxer, a comedy bouncing dog. Buster is the star turn in the department store’s festive ad campaign, which has become a much anticipated annual media moment in recent years. ...
Finding the right credit card ahead of your Christmas shopping image
Source : Daily Express [Read Article] Wednesday 9th of November 2016 09:14:00 AM
.... Hagger said the Nuba all round credit card offers 26 months’ interest free on both purchases and balance transfers, plus a £20 Amazon gift card if you transfer a minimum £1,000 balance from another card. If you expect to do most of your Christmas shopping in one department store then consider an own-brand credit card. ...
All sewn up? image
Source : BBC [Read Article] Tuesday 8th of November 2016 02:23:21 PM
....Rumours that High Street stalwart John Lewis would be ditching its haberdashery department in favour of bikini waxes have prompted an online backlash from customers and crafters. As the department store confirms the beloved buttons will, in fact, be safe, we look at the enduring appeal of the haberdashery. ...
M&S to close clothing and home stores in turnaround plan image
Source : BBC [Read Article] Tuesday 8th of November 2016 07:15:46 AM
.... The company said it would start a consultation with 2,100 employees over the proposals. Among the sites being closed is its department store on the Champs Elysees in Paris - it will be the second time M&S has closed its flagship branch in France. ...
BHS pension deal 'could be struck by Christmas' image
Source : BBC [Read Article] Friday 4th of November 2016 02:49:40 AM
....The regulator launched enforcement action against Sir Philip and other former owners of BHS on Wednesday after failing to agree a deal over the pension scheme, which was left with a near-£600m deficit when the retailer collapsed earlier this year. It has sent warning notices to Sir Philip, his retail group, and Dominic Chappell - who was the owner when the department store chain collapsed. ...
Philip Green's plan for BHS pension falls short by £100m image
Source : BBC [Read Article] Wednesday 2nd of November 2016 09:08:35 PM
....The regulator is looking for redress for BHS's 20,000 pension scheme members following an investigation into the matter. It has sent warning notices to Sir Philip, his retail group, and Dominic Chappell, who was the owner when the department store chain collapsed. ...
Barclays shares lift FTSE 100 index image
Source : BBC [Read Article] Thursday 27th of October 2016 08:05:49 AM
....1% to £6bn, with pre-tax profits up 24% to £873m. Shares in Debenhams rose 3% despite the department store group reporting a 10% drop in full-year profits to £101. ...
John Lewis appoints Paula Nickolds as first woman boss image
Source : BBC [Read Article] Tuesday 25th of October 2016 12:19:20 PM
.... . Mr Street joined in 1985, initially working in the firm's department stores, head office and manufacturing units. ...

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