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...
Jun 19, 2025
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...
Jun 6, 2025
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,...
Sep 12, 2021
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...
Aug 30, 2021
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....
Mar 29, 2021
As Los Angeles slowly begins to loosen its lockdown restrictions, stores have begun offering curbside pickup to customers. Los Angeles mayor Eric Garcetti has given retail stores the go ahead to begin operating for curbside pick-up only starting Friday as part of phase 2 of L.A.'s reopening plan. Phase two of the L.A's reopening plan says...
May 13, 2020
As states begin to loosen lockdown restrictions from coronavirus, department stores are trying to find their way forward after having been completely shut down for two months, aside from e-commerce operations. In Texas, J.C. Penney and Saks Fifth Avenue have begun offering curbside pickup for orders, or essentially to-go orders. Texas is one of...
Apr 27, 2020
Retailers across the U.S. are reeling from weak holiday sales, with new closures announced faster than ever. Market sources point out that big department stores are still reliant on in-store sales for revenue, but it’s online where all consumers go nowadays to do their holiday shopping. "Department store fundamentals continue to materially...
Jan 23, 2017
