Department Stores

News & Analysis

Saks Fifth Avenue Drives Revenue Gains at Hudson's Bay

5 December 2018 • By Bloomberg

5 December 2018 • By Bloomberg

Chief executive officer Helena Foulkes said in an interview that the company is still fixing the fundamentals, though she’s pleased with progress.

News & Analysis

Saks Fifth Avenue Drives Revenue Gains at Hudson's Bay

Chief executive officer Helena Foulkes said in an interview that the company is still fixing the fundamentals, though she’s pleased with progress.

News & Analysis

Debenhams to Close 50 Stores

26 October 2018 • By Reuters

26 October 2018 • By Reuters

After full-profits fell by 65 percent, its biggest loss in 240-year history, the British department store chain is set to close 50 stores over three to five years.

News & Analysis

Debenhams to Close 50 Stores

After full-profits fell by 65 percent, its biggest loss in 240-year history, the British department store chain is set to close 50 stores over three to five years.

The Secrets to Selfridges’ Success

26 October 2018 • By Vikram Alexei Kansara

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The Secrets to Selfridges’ Success

Selfridges is one of the world’s most effective luxury retailers. But is its £300 million bet on brick-and-mortar enough to stay ahead in a digital world?

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Sephora Takes on Beautycon

14 October 2018 • By Brian Baskin

Sephora Takes on Beautycon

This week, everyone will be talking about Sephora's first beauty convention, a potential Sears bankruptcy and runway shows in Shanghai, Seoul and Tokyo. Read our BoF Professional Cheat Sheet.

News & Analysis

Sports Direct Buys Department Store Frasers

12 October 2018 • By Reuters

12 October 2018 • By Reuters

The sportswear group has agreed to buy the freehold of the Glasgow's Frasers department store, which trades as part of the House of Fraser business, for £95 million.

News & Analysis

Sports Direct Buys Department Store Frasers

The sportswear group has agreed to buy the freehold of the Glasgow's Frasers department store, which trades as part of the House of Fraser business, for £95 million.

Saks Fifth Avenue Hits Back at Cartier with $55 Million Countersuit

8 October 2018 • By Chantal Fernandez

8 October 2018 • By Chantal Fernandez

The department store argues that it's justified in moving Cartier to the basement of its New York flagship, and denies ever assuring the fine jewellery brand that it could keep its ground floor boutique.

Saks Fifth Avenue Hits Back at Cartier with $55 Million Countersuit

The department store argues that it's justified in moving Cartier to the basement of its New York flagship, and denies ever assuring the fine jewellery brand that it could keep its ground floor boutique.

News & Analysis

Neiman Marcus Bondholder Says Company May Be in Default

21 September 2018 • By Reuters

21 September 2018 • By Reuters

Investors announced the news after the department store company moved its MyTheresa business into an entity belonging to the retailer's private equity owners.

News & Analysis

Neiman Marcus Bondholder Says Company May Be in Default

Investors announced the news after the department store company moved its MyTheresa business into an entity belonging to the retailer's private equity owners.

News & Analysis

John Lewis Profits Evaporate as Struggling Rivals Slash Prices

13 September 2018 • By Reuters

13 September 2018 • By Reuters

The group said profit before one-off items slumped 99 percent in first half of 2018, hit by its stores' pledge to match prices at rivals.

News & Analysis

John Lewis Profits Evaporate as Struggling Rivals Slash Prices

The group said profit before one-off items slumped 99 percent in first half of 2018, hit by its stores' pledge to match prices at rivals.

News & Analysis

Saks Off 5th Wants in on the Discount Retail Boom

12 September 2018 • By Bloomberg

12 September 2018 • By Bloomberg

Hudson’s Bay is trying to turn around its discount chain, after it reported falling same-store sales for the seventh time in the past eight quarters.

News & Analysis

Saks Off 5th Wants in on the Discount Retail Boom

Hudson’s Bay is trying to turn around its discount chain, after it reported falling same-store sales for the seventh time in the past eight quarters.

News & Analysis

Debenhams Shares Rise After Speculations of Merge with House of Fraser

12 September 2018 • By Reuters

12 September 2018 • By Reuters

Shares in Debenhams rose after an outgoing director of Sports Direct said theboard had discussed combining the department store group with House of Fraser.

News & Analysis

Debenhams Shares Rise After Speculations of Merge with House of Fraser

Shares in Debenhams rose after an outgoing director of Sports Direct said theboard had discussed combining the department store group with House of Fraser.