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DEPARTMENT STORES NEWS ON FASTMOVING

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The retail apocalypse will claim 4,300 stores this year - Here's why mall giants aren't freaking out

The retail apocalypse will claim 4,300 stores this year - Here's why mall giants aren't freaking out

05/03/2019 - 14:19
More than 4,300 department stores are set to close this year as the retail apocalypse rips through Payless ShoeSource, Gymboree, JCPenney, Gap, Victoria's Secret, and Sears. But one Wall Street analyst says mall giants should easily weather these closures.  read more
Sports Direct snaps up struggling House of Fraser in £90m deal

Sports Direct snaps up struggling House of Fraser in £90m deal

14/08/2018 - 10:23
House of Fraser, the Chinese-owned UK department store chain, entered administration only to be swiftly snapped up by retailer Sports Direct for £90m. read more
Liberty and L2D’s Stuttafords hangover is nearly over — now for Edcon

Liberty and L2D’s Stuttafords hangover is nearly over — now for Edcon

30/05/2018 - 11:59
South African landlords have let most of the space vacated by the defunct department store, and Liberty and L2D are in talks with Edcon, which is ‘rationalising’ its leases. read more
Upmarket Meikles retail divisions targets Zimbabwe's poor

Upmarket Meikles retail divisions targets Zimbabwe's poor

07/01/2014 - 10:05
HARARE - Meikles Limited (Meikles) intends to make forays into the lower end of the market as part of strategies to boost revenue and unlock shareholder value. read more
UK plans to double trade with Kenya

UK plans to double trade with Kenya

09/09/2013 - 11:28
The United Kingdom intends to double the value of trade with Kenya in the next five years, High Commissioner, Christian Turner has said.  read more
Nakumatt to invest Sh1.2 billion under new strategy

Nakumatt to invest Sh1.2 billion under new strategy

03/09/2013 - 08:16
Nakumatt Holdings has announced plans to pursue a departmental store development project at an investment cost of Sh1.2 billion. The strategy, which will involve the construction of several brand aligned concept stores, will be executed concurrently with an on-going branch expansion strategy across the region. read more
Sears Canada lays off 700 employees

Sears Canada lays off 700 employees

04/02/2013 - 08:32
New York -- Sears Canada is letting go of 700 workers as part of a plan to "right-size" the operation. read more
US: Sears CEO's exit raises concerns about turnaround

US: Sears CEO's exit raises concerns about turnaround

09/01/2013 - 10:22
(Reuters) - Shares of Sears Holdings Corp (SHLD.O) fell more than 5 percent on Tuesday after the retailer said Chief Executive Louis D'Ambrosio was leaving the company, raising concerns that the drive to improve its namesake stores could stall. read more