How department stores are fighting back to combat declining sales
It is fair to say 2018 has been a traumatic year for department stores.
Suffering the long-term effects of deep discounting, lagging consumer confidence and falling footfall, department stores are closing locations, issuing profit warnings and entering into insolvency processes at a rapid rate.
The John Lewis Partnership shocked the business world on 13 September by announcing its profits had plummeted 99% in the six months to 28 July, with chairman Sir Charlie Mayfield blaming Brexit uncertain
Read more »