Struggling to compete with e-commerce giants, department stores have seen better days.
Debenhams has revealed a fall in domestic operating profit of 11 percent for its first half – a too familiar story for the department store.
Department store giants Debenhams and House of Fraser have said they are reviewing their stable of private label clothing brands following weak performances – a task they, and M&S, already carried out in 2016 but not severely enough.
E-commerce is already huge and still growing fast.
British high fashion designer Jimmy Choo, best known for its luxury shoes, saw its revenues jump 14.5 percent last year to to £364m ($447m).
Once an icon of modern retail, US department stores now seem to be in terminal decline.