Department stores news and archive

El Corte Inglés ends 2024 with its highest revenue in 14 years

Madrid – Spanish department store group El Corte Inglés (ECI) presented its financial results for the 2024/2025 financial year. This period, which ended on February 28, saw the company, chaired by Marta Álvarez, achieve its highest revenue in 14 years. According to information provided by the management of the Spanish group, ECI ended its last...

Retail

Tendam partners with Shaws to bring Cortefiel to Ireland

With the foundations of its immediate future clarified following the arrival of Emirati firm Multiply Group as the company’s new majority shareholder, Spanish group Tendam has continued to advance its international expansion plan, this time with its flagship brand, Cortefiel. The brand formalised a partnership with Shaws Department Stores for...

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Retail|Opinion

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....