Department stores news and archive

Re-thinking the traditional department store format

A visit to a traditional department store often goes something like this: entering the building into a vast beauty hall, an emporium of brands selling makeup and fragrances behind counters, spritzing customers with their latest perfumes, pushy sales advisors at the ready. The adjacent aisles feature displays of handbags, accessories and gifts,...

Retail

Five years after closing in the UK, BHS stores remain empty

Five years ago, when BHS collapsed, the UK lost more than 80 percent of its department store presence. That gap has not yet been filled, with 237 sites still vacant. Data compiled by CoStar Group, a commercial property information company, shows chains including BSH, Debenhams, House of Fraser and Beales had 467 stores between them five years...

Retail

Retail sales in the UK and Germany give an early read of the European economy

The second quarter of 2021 should have been a time for economies reopening, and all eyes are on the UK and Germany to give an indication of consumer sentiment and retail sales. The UK and Germany Spend Insight Report by Fable Data shows UK spending the week of 15 March was up 1 percent on 2020 and down 1 percent YoY on a rolling 28 day basis....