Original Factory Shop closes all stores amid collapse Retail The Original Factory Shop has closed all 137 stores and its head office, after the retailer collapsed into administration amid growing industry fears over weak consumer confidence and high taxes. The discount department store was put into administration along with Claire’s Accessories earlier this year, as private equity firm Modella Capital said government policy was [...]
Selfridges: Losses slashed despite revenue hit Retail Losses at luxury department store chain Selfridges have been slashed during its latest financial year despite its revenue taking a hit. The business, which has UK stores in London, Birmingham and two in Manchester, has posted a pre-tax loss of almost £16m for the 48 weeks to 4 January, 2025. The latest figure comes after Selfridges’ [...]
Harrods: Christmas strikes set for crisis-hit department store Retail Harrods, the crisis-hit iconic London department store, is braced for another blow as hundreds of workers voted to strike over the critical Christmas period. Employees represented by the United Voices of the World (UVW) union will walk out from 8pm on Friday, 20 December, to Sunday, 22 December, and again from 12am on Boxing Day [...]
Harrods bosses should be questioned over Al Fayed ‘collusion’, says ex-employee September 21, 2024 Some Harrods bosses should be questioned over “collusion” with alleged misconduct by Mohamed Al Fayed, a former employee at the department store has said. Five women alleged they were raped by Al Fayed, the former owner of Harrods who died last year at the age of 94, with a number of others alleging sexual misconduct. [...]
John Lewis: ‘Transformation on track’ but chain still in the red September 12, 2024 The John Lewis Partnership has reported an improved set of half-year results and has said it is on target to significantly boost its performance for the full year. The iconic UK name, which also owns Waitrose, said sales topped £5.9bn in the 26 weeks ended 27 July, up by two per cent year on year. [...]