The King’s Cross Central Limited partnership has confirmed four more signings for the new Coal Drops Yard shopping and eating destination in London and says the development is now more than 80% let.
Department store Debenhams is consulting with staff at its head office over a potential 80-90 redundancies in its fashion and home divisions.
House of Fraser has cancelled all outstanding online orders as a dispute over payment with logistics supplier XPO has left orders unfulfilled, as well as a shortage of stock in stores.
Shares in Debenhams have been rising since Mike Ashley’s deal to buy fellow department store chain House of Fraser was completed on Friday of last week.
Why do things cost what they do? This is a question few ask when items are cheap, but, move up the pricing scale, and we feel like we need some explanation. Many brands cite the ‘luxurious’ materials and use the ‘made in…’ tags, and, think that is sufficient to justify higher and higher prices. But, some brands are going a lot further and not just explaining, but dissecting their costs and offering ‘Pricing Transparency’.
Next has today cut the ribbon on one its largest stores in the UK – a giant 55,000 sq ft flagship store at the intu Merry Hill centre in the West Midlands.
Mike Ashley has said he may retain up to 47 of House of Fraser’s 59 stores, as part of his revitalisation plans for the business he acquired in a pre-pack deal on Friday.