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Debenhams benefits from 'store of the future' concept launch

Tue, 25th Sep 2018 09:28

(Sharecast News) - Watford is the scene for Debenhams to launch a new department store 'vision of the future', integrating digital features and putting a greater emphasis on services, such as personal shopping and a beauty club. The concept store, which includes new Debenhams branding and a highly flexible layout, will open on Thursday and include a gin bar as well a revamped beauty hall offering a facial, a blow dry, a multibrand 'minibar' area allowing shoppers to experiment with travel-size samples of different brands, and in-store assistants at a beauty 'clubhouse' offering independent advice and a number of 'labs' for men, colour, hair and skin.The in-store product offer will be 25% smaller than similar-sized stores thanks to the use of digital data to analyse customer preferences, while "digital integration" will also be used to encourage customers to visit a store rather than shop online and the Beauty Club community creating a place for shoppers get advice from other members and create buzz for product to be brought into the physical store.Richard Cristofoli, managing director of beauty and marketing at Debenhams, says: "Beauty is a hugely engaging category where customers want to meet, talk and play with the latest products and brands. By creating the UK's first online beauty community and designing Beauty Halls of the Future we are creating easily accessible destinations to explore and discover the latest exciting brands and products."We know that customers have high trust of peer to peer recommendations and aim to capitalise on the collective power of beauty conversations to create Europe's largest Beauty Community."Analyst John Stevenson at stockbroker Peel Hunt said the new store showed "clear and tangible progress" on the Stevenage trial store last year to create a more service-focused environment, "with clear evolution in clothing merchandising, gifts and home" and the beauty hall showed a clear emphasis on experience."Store environment aside, there has also been visible progress in range developments, albeit there is still some way to go yet on this front. Questions on how to roll this across the chain remain unanswered as yet; while the good people of Watford may get the message that Debenhams has changed, the rest of the country may take more convincing."
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1 Dec 2020 09:06

Debenhams to be wound down as JD Sports ends rescue talks

(Sharecast News) - It was a grim day for the UK retail sector as beleaguered department store chain Debenhams was set to be liquidated following failed rescue talks with JD Sports, just hours after Philip Green's Arcadia retail group went into administration.

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4 Jun 2020 15:14

Debenhams to reopen 50 stores next week

(Sharecast News) - Beleaguered department store chain Debenhams said on Thursday that it will reopen "the vast majority" of its UK stores from next week.

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25 Oct 2019 13:22

Debenhams appoints HoF veteran Mark Gifford as chairman

(Sharecast News) - Department store chain Debenhams said on Friday that it has appointed House of Fraser veteran Mark Gifford as chairman of its parent company.

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26 Sep 2019 11:40

Debenhams CFO Osborne stepping down

(Sharecast News) - Struggling department store chain Debenhams has announced the departure of chief financial officer Rachel Osborne after a year in the job.

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16 Aug 2019 07:02

Ted Baker signs childrenswear deal with Next

(Sharecast News) - Ted Baker has signed a five-year deal with Next to produce and sell Ted Baker childrenswear from spring 2020.

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18 Apr 2019 15:21

Debenhams CEO Sergio Bucher steps down

(Sharecast News) - Debenhams said on Thursday that chief executive officer Sergio Bucher has decided to leave the company following its refinancing.

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9 Apr 2019 16:47

LONDON MARKET CLOSE: Stocks Slip On IMF Forecast Downgrade, US Tariffs

LONDON (Alliance News) - The FTSE 100 returned to the red as Tuesday's session progressed, stocks in Europe slipping on trade fears and global growth downgrades from the International Monetary

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9 Apr 2019 12:21

Debenhams calls in administrators, operations sold to lenders

(Sharecast News) - Debenhams called in the administrators just before midday on Tuesday, with the entire underlying operating company immediately sold to the departments store group's lenders.

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9 Apr 2019 12:08

UPDATE: Debenhams Appoints Administrators, Group Sold To Lenders

LONDON (Alliance News) - Debenhams PLC on Tuesday said it has appointed administrators for the group but operating companies will continue to trade as normal.The struggling department store

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9 Apr 2019 11:57

LONDON MARKET MIDDAY: FTSE 100 Edges Higher Amid Investor Caution

LONDON (Alliance News) - The FTSE 100 moved off some early lows on Tuesday to trade in the green by midday, as investors look ahead to events such as the European Central Bank meeting and the of -

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9 Apr 2019 08:56

LONDON MARKET OPEN: Pound Rises As PM May Seeks To Delay Brexit

LONDON (Alliance News) - Stocks in London were lower on Tuesday as UK Prime Minister Theresa May headed for top-level Brexit talks in Berlin and Paris.The FTSE 100 was down 13.39 points, or 0.2%,

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9 Apr 2019 07:48

LONDON MARKET PRE-OPEN: Sports Direct Revises Offer For Debenhams

LONDON (Alliance News) - Stock prices in London are seen opening lower on Tuesday with investors taking a cautious approach ahead of key events lined up for later in the week.In company news, made

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9 Apr 2019 07:26

Debenhams lenders rebuff improved Sports Direct proposal

(Sharecast News) - Mike Ashley's Sports Direct made an improved proposal to Debenhams on Tuesday morning, offering to underwrite a larger rights issue and reducing its demands for lenders to write off debt.

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8 Apr 2019 16:53

LONDON MARKET CLOSE: Five-Month Oil High Tips FTSE 100 Into Green

LONDON (Alliance News) - The FTSE 100 ended just about in the green on Monday as the price of Brent crude strengthened to a five-month high, allowing the blue-chip index to rebound from some early

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8 Apr 2019 12:00

LONDON MARKET MIDDAY: Gold Helps FTSE 100 Overcome Sluggish Start

LONDON (Alliance News) - The FTSE 100 got off to a slow start to the week on Monday, but London's blue-chip index managed to scrape back some early losses and edge into positive territory by a

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