Tag: Department Stores

New BHS Owner considers sale of 52 Stores

Posted on 19 March, 2015 by Kirsten Kennedy under Business News, Commercial Sales and Lets

Last week, retail mogul Sir Philip Green made the monumental decision to sell his underperforming BHS department store chain for only £1 to a consortium of little known financiers and lawyers operating under the name Retail Acquisitions. Now, it seems that... Read More

Landmark Coventry Department Store on the Market

Posted on 28 February, 2015 by Cliff Goodwin under Commercial Sales and Lets

A Midlands city is seeing its biggest retail sell-off in more than three decades after a landmark department store was put on the market with a reported price tag of £2.5m. The Heart of England Co-operative Society — one of the country’s oldest... Read More

Black Friday helps John Lewis achieve Highest Weekly Sales in History

Posted on 2 December, 2014 by Kirsten Kennedy under Business News

Last year, department store giant John Lewis dominated the retail sector with consecutive weeks of record-breaking sales in the run up to Christmas. Yet it appears this year could prove even more successful as John Lewis has already managed to achieve its... Read More

Selfidges announces Highest Profits in Company History

Posted on 7 November, 2014 by Jodee Redmond under Business News

Selfidges has announced that its sales for the last financial year increased by 10.4 per cent and its operating profit attained the highest level in its 105-year history. The Group stated that sales were more than £1.2bn for 2013 and that operating... Read More

M&S Boss ‘pleased’ with 13th consecutive Quarterly Sales Drop

Posted on 5 November, 2014 by Kirsten Kennedy under Business News

Marks & Spencer (M&S) has continued its poor trading form, confirming its 13th consecutive quarterly sales drop for the second quarter of 2014. The problem still appears to be with the M&S clothing line, which was the primary contributor to... Read More

Debenhams plans Estate Expansion despite Profit Plunge

Posted on 23 October, 2014 by Kirsten Kennedy under Business News

Debenhams chief executive Michael Sharp remains optimistic despite the retailer’s disappointing annual sales results. In the year to the 30th of August, Britain’s second largest department store recorded a profits plunge of 24.8 per cent, with... Read More

Marks & Spencer steps-up recruitment as Wolstanton store opening approaches

Posted on 23 September, 2014 by Kirsten Kennedy under Top Properties

Marks & Spencer this week reached the halfway point in the recruitment process for its new £40 million store on Stoke-on-Trent’s Wolstanton Retail Park that has been in the pipeline since 2012. The retailer will create a total of 250 new... Read More

Selfridges hopes to leave Cinema goers Breathless with New Venture

Posted on 5 September, 2014 by Neil Bird under Top Properties

Selfridges throws open the doors of its new in-store cinema today in what is believed to be a world-first for a department store. The landmark Oxford Street branch of the 105 year old retailer has teamed up with Everyman Cinemas to launch the venture... Read More

Birmingham Selfridges introduces “Incredible” Window Displays

Posted on 23 August, 2014 by Kirsten Kennedy under Top Properties

The Selfridges store on Oxford Street in London has become a landmark with its window displays a major factor in its appeal. Now, its sister store in Birmingham is aiming to emulate this distinguishing aspect, having installed curved glass displays at the... Read More

Wolverhampton Mander Centre plans recommended for approval

Posted on 17 June, 2014 by Kirsten Kennedy under Top Properties

Plans for the redevelopment of Wolverhampton’s Mander Centre have been recommended for approval. Should the £30 million project go ahead, it will see a large portion of the centre which was previously occupied by TJ Hughes demolished. In its place, a... Read More