Chain store sector set for mergers

Article Abstract:

According to a report from Verdict, the retail consultants, the department store sector could be heading for a period of takeover and merger activity. The joining of smaller department store players would help create stronger and therefore stronger stores, able to compete with the bigger companies such as Marks & Spencer (M&S). Some of he larger and more dominant department stores are however set to continue applying pressure to the smaller companies as they continue to expand. M&S is planning to add a further 2mn square feet of space between 1998-2000, while Debenhams is also planning to expand quickly. Allders, House of Fraser, Selfridges and Harvey Nichols are also planning expansions. Possible smaller mergers could include Beales, TJ Hughes, Bentalls and Upton & Southern.

Comment:

UK: Department store sector is expected to be headed for period of takeover & merger activity

Market information - general, Article

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UK: NEW CONCEPT STORE IN KENSINGTON FOR M&S

Article Abstract:

Marks & Spencer (M&S), the UK retail group, has opened a new concept store in Kensington, London, planning to extend the format to 21 UK stores by the end of 2000. The store includes a beauty shop with assistants trained to offer makeovers, a personal shopping service and a coffee shop. The lingerie department offers comfortable chairs and trained advisers, while the changing rooms have different lighting for daytime and nighttime effects. Financial services scheme advisers are also available within the stores, which have different lifestyle zones, from contemporary to casual and designer.

Product information, Facilities & equipment, Retail Trade, Department stores, Retail industry, Marks and Spencer PLC, Buildings and facilities

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