Fenwick news and archive

Former New Bond Street Fenwick store to be turned into retail and office spaces

Westminster City Council has granted planning permission to Lazari Investments to redevelop buildings on New Bond Street which once housed department store retailer Fenwick. The property investment firm acquired the buildings in January 2023 from Fenwick, which had launched a sale process for the site early 2022 and ultimately shut its doors in...

Business

Fenwick named Newcastle United partner

British department store chain Fenwick has been named as the newest commercial partner for football club Newcastle United (NUFC) as the duo look towards bolstering their local community. The move was described as the “next phase of investment for Fenwick”, which is already working on a 40 million pound renovation project of its Newcastle...

Report

Fenwick swings to profit driven by Bond Street store sale

For the 2022 financial year, Fenwick's annual accounts filed with Companies House show a 31 percent increase in gross sales to 315 million pounds. The department store chain reported a pre-tax profit of 57.1 million pounds compared to a loss of 5.22 million pounds in the previous period, as a result of proceeds from the sale of Bond Street....

ManagementFeatured

Fenwick invests 40 million pounds in Newcastle flagship

Fenwick is investing 40 million pounds into its Newcastle flagship store as the British department store chain celebrates its 140th anniversary. The investment will be used over the next five years to renovate the store's beauty hall and fragrance and accessories departments, TheIndustry.Fashion reports. New entrances to the building will also...

Business

Fenwick seeking 500 million pound sale of Bond Street flagship

Department store Fenwick is reportedly looking into a 500 million pound sale of its Bond Street flagship, which is housed in a historic four-floor building. It is unclear, as of publishing, whether the sale could mean the retailer will continue operating on the site or not. In a report by The Sunday Times, Fenwick’s former chairman Mark Fenwick...

Retail

Handbag Clinic launches partnership with Fenwick

Luxury handbag restoration and preowned designer resale retailer, Handbag Clinic is partnered with luxury department store, Fenwick, to offer a combined restoration repair and resale service. The partnership will launch in Fenwick’s flagship Newcastle store from October 28 and may roll out to further Fenwick stores nationwide in 2021. The...

Report

Fenwick losses widen in ‘extremely challenging’ year

British department store chain Fenwick has reported widening losses in a year it described as “extremely challenging” even prior to the Covid-19 pandemic. For the 12 months to January 31, the family-owned business reported a loss of 49 million pounds compared to a loss of 46 million pounds the prior year. The company’s net sales fell 9 percent...

Retail

Fenwick to reopen all stores from June 15

Fenwick is the latest British department store to announce its store reopening plan in response to the loosening of Covid-19 lockdown measures in the UK. On Monday, June 15, all nine stores will reopen their doors to offer in-store service again. While Fenwick stores in Bracknell, Brent Cross, Canterbury, Colchester, Kingston, Newcastle,...

Report

Fenwick reopens online store

Fenwick has informed its customers that it has reopened its online store after shutting down operations last month due to Covid-19 concerns. The British department store chain is now able to begin processing orders and refunds again with extended delivery times since returns and outstanding orders are being prioritised. A selection of products...

ManagementFeatured

The COVID-19 retail crisis sees online stores closing too

Governments across the world have ordered the closure of non-essential stores during the COVID-19 crisis, but many online retailers are unable to fulfil orders with a lack of back-end support and staff. Department store Fenwick announced this week it would close both its online and physical stores, the former due to being unable to pick online...

Report

Fenwick cuts 408 jobs as sales and profit continue to drop

Fenwick has made 408 people redundant across its department stores in England, reports BBC. Its flagship store in Newcastle has cut almost 119 positions. The company said in a statement that the step has been taken in response to decline in sales and profits and growing need to restructure. BBC quoted a spokeswoman for the company saying: “all...

Report

‘Modernisation’ efforts at Fenwick lead to fear of layoffs

The department store chain Fenwick is said to be in discussion with its 2,000 staff members regarding organisational changes, which could lead to significant number of employees losing their jobs, reports BBC. Planning to focus on omni-channel, Fenwick aims to launch an online shopping platform, while "modernising and reorganising the business"...