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Department store Debenhams has revealed a 10.4% drop in full-year profits just days after appointing ex head of fashion at Amazon, Sergio Bucher, as its new boss. Sir Ian Cheshire, chairman of Debenhams, said: "We have delivered profits in line with market expectations, reflecting a strong performance over peak followed by...

BHS has launched its first clothing range since moving to an online-only platform in September. The range includes womenswear, menswear and kid’s, and features sleepwear, trousers, t-shirts and jeans with more lines including knitwear to be added next month. Sara Bradley, buying director at BHS, said: “Modern layering has been a...

Lingerie and swimwear retailer Bravissimo has opened its latest store at Liverpool ONE. The new 5,000 sq ft store features a retail area on the ground floor and a fittings area on the second floor. Other brands set to join the line-up at Liverpool ONE in the next few months...

Clothing retailer Joules has appointed Paul Burden as head of licensing. Mr Burden will join the business in November and will focus on building, developing and exploring licensing opportunities for the business while reporting to wholesale director, Penny Parry. Mr Burden’s previous roles include director of product licensing at Ted Baker...

Selfridges have seen a 1.9% drop in operating profits in its full year results, as investment takes its toll on margins. The department store revealed that its profits dropped to £1.52 million in the 12 months to January 31st. However, the retailer reported a record rise in gross sales up 5%...

Just days after a new managing director has been appointed to lead the company, Mark Lewis, retail director of John Lewis, has resigned. Mr Lewis will leave the department store to head up Moneysupermarket.com, but will remain in the role over Christmas to guide the retailer through the busy period, taking...

DIY retailer Homebase has seen an uplift in sales following its acquisition by Australia’s Wesfarmers, with an 8.4% increase in transactions for the quarter ended September 25th. The former Home Retail Group brand was sold to the Australian giant earlier this year for £340 million. Its brands also include K-Mart, DIY...

Blossoming retail and restaurant district Seven Dials will see the launch of new male beauty retailer Beast in a 1,400 sq ft store on Earlham Street. The store itself will trade from the ground floor, with the rest of the building used for the company’s ecommerce operations. This is the first...

Toys R Us has announced that it is to offer a dedicated shopping hour throughout its stores on the morning of Sunday 6th November for parents and carers of children with autism. The ‘quiet hour’ will feature reduced lighting, no in-store music and autism-friendly signage. “Holding such events has given our...

Due to a decline in iPhone and computer sales, Apple has experienced a decrease in like-for-like sales and profits in its last quarter. According to Apple’s fourth quarterly update for the period ending September 24th, the company brought in $46.9 billion (£38.3 billion) in sales and $9 billion (£7.3 billion) in...