Retail theatre makes a stylish comeback

Article Abstract:

Department stores in the UK are currently enjoying a revival, having been spurned by City of London analysts for some time because they were regarded as being weighed down by their history. Department stores achieved a 10% rise in sales in 1996, and were the most rapidly expanding retail sector. Property developers now see department stores as an essential element in a shopping centre development, and extensive investment is being made in refurbishing department store buildings which have been neglected.

Department stores, Economic aspects, Retail industry, Retail trade

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Allders warns on profits

Article Abstract:

The UK department store Allders, has announced that it is expecting pre-tax profits for the present financial year to be below the expectations of analysts. They will not however slip below GB 19mn; this is an alteration on the GB 23.5mn originally expected. The company is attributing the decline to a mis-timed summer sale and the rises in interest rates, which have kept shoppers away from the store.

Comment:

Expects pre-tax profits for present financial year to be below expectations of analysts but will not slip below GBP19 mil

United Kingdom, Sales, profits & dividends, Article, Allders Department Stores Ltd.

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