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Department Stores

The latest department store news

Selfridges in search for buyer as billionaire owners launch auction

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Selfridges’ billionaire owners, the Weston family, have launched a formal auction to sell the historic department store business. It is understood that advisers at Credit...

Marks & Spencer partners with Founders Factory as exclusive UK retail investor.

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Marks & Spencer (M&S) and Founders Factory have today launched Founders Factory Retail, a joint venture (JV) focused on investing and growing start-ups. M&S...

New Selfridges owners plan luxury hotel for Oxford Street site

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Historic retailer Selfridges has been bought in a roughly £4 billion deal by a partnership of Thai and Austrian billionaires. Thai group Central and...

John Lewis further invests in its digital capabilities as customers shift to shopping online

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commercetools today announced that the John Lewis Partnership, which owns and operates two of Britain’s best loved retail brands – John Lewis and Waitrose...

John Lewis launches savings accounts amid push away from retail

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John Lewis will offer new savings accounts for customers amid a diversification push away from retail. The high street institution’s Individual Savings Accounts for both...

Waitrose and John Lewis encourage nation to ‘Give A Little Love’ in Christmas campaign

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Waitrose and John Lewis will today unveil this year’s Christmas advertising campaign, which - inspired by the kindness shown by the British public during the pandemic -...

The Department Store dilemma

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Unfortunately for many department stores, the pandemic has been a final blow in the battle with online retail, spiralling real estate costs and difficulty...

Marks and Spencer buys stake in women’s fashion brand Nobody’s Child

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Marks & Spencer has bought a 25% stake in womenswear brand Nobody’s Child. The minority investment is the latest move by the retail stalwart to...

Harrods launches traditional Boxing Day Sale early

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Harrods has launched its winter sale a full week before Christmas “in response to ongoing trading realities”, it has said. The Knightsbridge-based department store is...

From 2007 to 2021 – A history of John Lewis Christmas ads

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The annual John Lewis Christmas advert – now a highly anticipated staple of the festive season – this year stars space-traveller Skye and her...