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.
US athletic brand Champion is staging an exclusive women’s pop-up in the Designer Studio of Selfridges Oxford Street flagship featuring many of its iconic pieces updated and re-invented in fresh, new colourways for the season.
G-Star RAW has become the latest in a line of brands to take a new unit in the recently refurbished Sheffield supermall Meadowhall.
Retail tycoon Philip Day, who lost out in his bid to acquire House of Fraser last week, has urged winning bidder Mike Ashley to ensure the chain’s creditors and concessionaires are paid in full.