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2 mins read
Fast-fashion giant Boohoo has bought department store chain Debenhams for $75 million - but the deal won't save the chain's 118 stores
Boohoo has only bought Debenhams' brand and website, meaning its 118 stores will close. Up to 12,00…
Grace Dean
1 min read
British department store chain Debenhams will close all of its 124 stores as it enters liquidation, with 12,000 jobs at risk
In the short-term, Debenhams will continue to trade through its 124 UK stores and online to clear i…
Grace Dean,Reuters
2 mins read
Next, Debenhams, Primark and other 'non-essential' retailers are set to reopen in the UK on June 15
The UK government had instructed non-essential retailers to shut shop on March 22. On reopening, th…
Shalini Nagarajan
1 min read
Debenhams is flying
We have traded well in the first 19 weeks of the financial year with a strong performance over peak…
Oscar Williams-Grut
2 mins read
Ladbrokes and Debenhams lead the FTSE
Meanwhile, Debenhams also led the FTSE 100 this morning with a 3.4% rise after the high street reta…
Lianna Brinded
2 mins read
Debenhams' CEO is throwing in the towel
It is a privilege to lead Debenhams and I am very proud of our achievements since September 2011. I…
Oscar Williams-Grut
2 mins read
This is the model who helped boost Debenhams sales
"I am pleased with the good progress we have made against the strategic priorities we set out last …
Lianna Brinded
2 mins read
Sports Direct just extended a bet it made with Goldman Sachs on Debenhams
Mike Ashley, the billionaire owner of Sports Direct, is fond of these kinds of bets. Sports Direct …
Oscar Williams-Grut
2 mins read
Online fashion giant ASOS has bought Topshop as part of a $364 million deal, but the retailer's physical stores will still close
Online-only ASOS has bought Topshop, Topman, Miss Selfridge, and HIIT, which generated a combined £…
Grace Dean
2 mins read
2 of the UK's top retail bosses line up rival $8.5 billion bids for Walmart-owned supermarket chain Asda, according to a report
Rival $8.5 billion bids emerge for Walmart-owned Asda: Rob Templeman is helping Apollo Global Manag…
Shalini Nagarajan
2 mins read
Barack and Michelle Obama will host 3 virtual graduation events for the class of 2020
The Obamas' virtual commencement on June 6 will feature speeches and performances from BTS, Alicia …
Grace Panetta
4 mins read
Topshop owner Arcadia falls into administration, putting more than 13,000 jobs at risk. It's the UK's biggest corporate casualty of the COVID-19 crisis so far.
Philip Green's Arcadia has not announced any redundancies. Administrators Deloitte is seeking buyer…
Grace Dean,Reuters
2 mins read
Cut-price apparel retailer Primark predicts that store closures during COVID-19 will cost it $1.4 billion
More than 75% of Primark's stores are currently closed, including all its sites in the UK, Ireland,…
Grace Dean
2 mins read
The new CEO at one of the UK's biggest department stores is an ex-Amazon chief
I am delighted to announce the appointment of Sergio Bucher as the next Chief Executive of Debenham…
Matthew Nitch Smith
3 mins read
Furious shoppers faced off against crashing websites on Thanksgiving Day - and it reveals a massive evolution of Black Friday shopping
"Despite Black Friday not being a new phenomenon to the UK anymore, some retailers still haven't ta…
Kate Taylor
1 min read
Here are the Christmas winners and losers from the High Street's 'Super Thursday'
We have already heard from Sainsbury's and Morrisons this week, both of who reported solid performa…
Oscar Williams-Grut
3 mins read
This Connecticut man earns more money working at a grocery store than as a college professor
So the most I can make in-state is $9,600 for a semester, regardless of which state institution I t…
3 mins read
One of the UK's biggest department stores has collapsed into administration, putting 17,000 jobs on the line
Frank Slevin, chairman of House of Fraser, said in a statement: "This has been an extraordinarily c…
Oscar Williams-Grut
2 mins read
EUROPE IS DOWN
The FTSE 100 just closed down 2.4%, or down 151.18 points at 6,042.92. The index gave up all the ga…
Oscar Williams-Grut
3 mins read
3 updates from retail businesses show how the old economy is dying - and fast
Traditional, bricks-and-mortar retailers are struggling amid a consumer spending slowdown and the r…