DEPARTMENT STORES
John Lewis sales up 4.8% last week
John Lewis sales down by 13.7% last week
Sales at John Lewis declined by 13.7% year-on-year last week after the department store chain annualised strong sales due to last year’s earlier fall of Good Friday and Easter Saturday.
Debenhams secures £200 million financing deal
Debenhams has announced that it has secured the support of its lenders in the form of a £200 million financing deal.
Mike Ashley voices anger after Debenhams bondholders' decision
Sports Direct chief executive Mike Ashley has hit out at advisors to the Debenhams department store chain after it confirmed that its bondholders have agreed to change the terms of some of their bonds to enable it to move a step closer to securing a £200 million loan from its existing lenders.
Sports Direct considers making £61 million bid for Debenhams
Sports Direct has revealed that it may make a £61.4 million all cash offer for the struggling Debenhams department store chain.
Sports Direct offers Debenhams alternative loan in return for more equity
Following Debenhams’ announcement that it is in advanced talks with its lenders regarding additional loans of around £150 million, Sports Direct has said it would be willing to make an alternative proposal and provide the department store with a £150 million interest free loan.
John Lewis sales down 8.8% last week
The John Lewis & Partners department store saw its sales decline by 8.8% year-on-year last week after trading figures were impacted by the later fall of Mother’s Day and Easter this year.
Mike Ashley's Sports Direct looks to remove Debenhams board
Sports Direct has requisitioned a general meeting of the Debenhams department store chain in a bid to remove all current members of the retailer’s board except for Rachel Osborne.
Macy's uses AR to improve customer experience
The Macy’s department store in the US has announced plans to use augmented reality technology to improve the customer experience.
John Lewis sales up 11.4% last week
The John Lewis department store chain saw its sales climb by 11.4% year-on-year last week.
Keeping you up-to-date with breaking retail news and insight in the department store sector including major retailers such as John Lewis, M&S, House of Fraser, Debenhams and more.
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