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DEPARTMENT STORES

Mike Ashley voices anger after  Debenhams bondholders' decision

Mike Ashley voices anger after Debenhams bondholders' decision

29 March 2019 by The Retail Bulletin

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.

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Sports Direct considers making £61 million bid for Debenhams

Sports Direct considers making £61 million bid for Debenhams

27 March 2019 by The Retail Bulletin

Sports Direct has revealed that it may make a £61.4 million all cash offer for the struggling Debenhams department store chain.

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Sports Direct offers Debenhams alternative loan in return for more equity

Sports Direct offers Debenhams alternative loan in return for more equity

14 March 2019 by The Retail Bulletin

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.

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John Lewis sales down 8.8% last week

John Lewis sales down 8.8% last week

13 March 2019 by The Retail Bulletin

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.

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Mike Ashley's Sports Direct looks to remove Debenhams board

Mike Ashley's Sports Direct looks to remove Debenhams board

8 March 2019 by The Retail Bulletin

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.

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Macy's uses AR to improve customer experience

Macy's uses AR to improve customer experience

7 March 2019 by The Retail Bulletin

The Macy’s department store in the US has announced plans to use augmented reality technology to improve the customer experience.

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John Lewis sales up 11.4% last week

John Lewis sales up 11.4% last week

6 March 2019 by The Retail Bulletin

The John Lewis department store chain saw its sales climb by 11.4% year-on-year last week.

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Debenhams issues profit warning

Debenhams issues profit warning

5 March 2019 by The Retail Bulletin

Department store chain Debenhams has said that it will no longer be able to meet the pre-tax profit forecast it made two months ago.

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John Lewis achieves Disability Confident Leader status

John Lewis achieves Disability Confident Leader status

28 February 2019 by The Retail Bulletin

The John Lewis Partnership has been awarded Disability Confident Leader status.

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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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