A rumour has resurfaced that Fenwick is seeking a buyer for its iconic Bond Street department store, which comes with a £500 million price tag. The Fenwick family’s decision to sell its flagship store comes after its original plan to sell the entire chain was laid to rest by Covid. There were City rumours that
Buyer sought for Bond Street Fenwick Read More »
German shops sold more in November 2020, while the unemployment rate was lower than expected over December, according to figures from the Statistisches Bundesamt (Federal Statistical Office) and the Bundesagentur für Arbeit (Federal Employment Agency). German shops reported a 5.6% increase in revenue compared to the same month in 2019 and 1.9 percent compared to
German retail sales rose 4.1 percent in 2020 Read More »
Alan Monahan writes: I took a trip down memory lane when I heard that Bennetts, which claims to be the oldest department store in the world, had gone into administration. It first opened as an ironmonger in Derby city centre in 1734 and now faces the prospect of permanent closure, with the finger being pointed
Retail Reflections: Stores we have loved; online shopping is a gas Read More »
A contender for the title of ‘world’s oldest department store’, Bennetts in Derby, which first opened in 1734, is the latest high street casualty and has entered into administration. It is hoped that a buyer will soon be found for the historic store, which has a second branch in Ashbourne. The store joins other prominent
Bennetts has entered administration and seeks a buyer Read More »
Selfridges claims that the pre-Halloween launch of its Christmas window in London’s Oxford Street is a first for any department store worldwide. Some 1,000 metres of red velvet have been used for its ‘With Love From’ theme. Inflation has been blamed for a fall in UK retail sales in September. The Office for National Statistics
Retail news round-up: pre-Halloween launch of Christmas window Read More »
The latest ONS retail sales statistics, released today, show August sales up 2.4% and department stores’ online sales growth of 24.5%. The E-commerce delivery expert ParcelHero says this shows some High Street favourites are finally getting their act together online. The Office of National Statistics (ONS) retail sales statistics for August show Britain’s consumers
Department stores finally crack E-commerce Read More »
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