 | |
 | |
| Company type | Private company |
|---|---|
| Industry | Retail |
| Genre | Department store |
| Founded | 1882 |
| Founder | John James Fenwick |
| Headquarters | , |
Number of locations | 8 |
Key people | John Edgar (Chief Executive) |
| Owner | Fenwick Family |
| Website | www.fenwick.co.uk |
Fenwick (/ˈfɛnɪk/) is a British chain of department stores in the United Kingdom. It was founded in 1882 by John James Fenwick in Newcastle upon Tyne, and today consists of nine branches. It was a member of the International Association of Department Stores from 1988 to 2010.
As of 2022, the chain is still owned by members of the Fenwick family. The company was chaired by Mark Fenwick until 2017 with Simon Calver appointed as chair in 2021. John Edgar was appointed as CEO of Fenwick in April 2020. In 2012, the company was reported to be valued at £452 million.[1]
History
Fenwick's began as a Mantle Maker and Furrier, founded in 1882 by John James Fenwick. Born in Richmond, North Yorkshire in 1846,[2] Fenwick had been a shop assistant in his father's grocer's shop, and an apprentice draper, but in 1881 or 1882 he opened his own shop in Newcastle. Initially the shop's premises were a former doctor's house at 5 Northumberland Street, purchased for £181. 4s. 0d.[a] The shop sold fabrics, silk, clothes and trimmings. The business soon expanded into numbers 37, 38 and 40 Northumberland Street, and this remains the chain's flagship store. John's eldest son Fred Fenwick joined the business in 1890.[3] Fred had trained in retail in Paris and is said to have been inspired by Le Bon Marché,[4] which is regarded as one of the first ever department stores.
Fenwick has since expanded its operations. In 1888, it opened a store in Sunderland, but it closed within the year.[5] In 1891, it opened a branch in Bond Street, London.[6] The first fashion store on the street, it later doubled in size in 1980.
The company bought the Joseph Johnson store in Leicester in 1962, which was subsequently rebranded as Fenwick.[7] Fenwick was an anchor department store for the 1976 opening of Brent Cross Shopping Centre in London, which was the first large out-of-town shopping centre in the UK.[8] A further store was opened in Oxford on the site of the F Cape & Co department store in 1978.
Outlets in Windsor and York followed in 1980 and 1984 respectively, with a limited range of departments, specialising in clothing, fashion accessories and cosmetics. The Ricemans store in Canterbury was acquired in 1986, and rebranded Fenwick in 2003. The Tunbridge Wells store opened in 1992 as part of the Royal Victoria Place development.
21st century
In 2001, Fenwick acquired the Bentalls group of department stores for £70.8 million, with stores in Kingston upon Thames, Worthing, Ealing, Bracknell, Tonbridge and Lakeside.[citation needed] The Lakeside store was closed, and three branches (Worthing, Ealing and Tonbridge) were subsequently sold to J E Beale, with Fenwick retaining only the stores in Kingston upon Thames and Bracknell.
In 2007, Fenwick purchased Williams & Griffin, an independent department store in Colchester, Essex; this continued to trade under the Williams & Griffin name until a 2016 refurbishment, after which it adopted the Fenwick identity.[9]
On 5 January 2017, Mark Fenwick announced that the historic Leicester store was to close. The store closed in March 2017.[10]
In April 2017, Fenwick announced plans to close their Windsor store. The store closed in August 2017.[11]
The last two remaining members of the Fenwick family on the company's board stepped down in October 2017.[12]
Bentalls in Bracknell closed in 2017 with the opening of a new Fenwick store in The Lexicon Shopping Centre, located in the same town.[13]
Fenwick launches Fenwick Food, the re-launch of its own-label ventures, followed by Fenwick at Home, its inaugural homeware range, in 2021.
On 6 December 2022 it was announced that the Bond Street store would close in 2024, after 133 years, having sold the store and adjoining property to Lazari Investments for an undisclosed sum.[14] In a statement, the company said: "Amid the turbulent economic environment, fresh capital investment is required in order to return the business to profitable growth."[15]
Current operations
Fenwick has its headquarters at the original Fenwick department store in the centre of Newcastle upon Tyne. The company operates eight outlets across England (January 2024): Newcastle upon Tyne, Bracknell, Brent Cross Shopping Centre in London, Canterbury, Colchester, Kingston upon Thames, Royal Tunbridge Wells and York[16] as well as online.
In 2022, the Bond Street store was put up for sale at £500 million, listed as a 'redevelopment opportunity' after the COVID-19 pandemic failed plans for the Fenwick family to sell the chain entirely.[17] The store will close in February 2024.[18]
The London Head Office is now located on 103 Wigmore Street, 2nd Floor, W1U 1QS.
Fenwick Newcastle
The original and flagship[19] store in the group occupies a large site in the centre of Newcastle upon Tyne. The store has expanded many times since its foundation in 1882 and now consists of several interconnected buildings with entrances onto Northumberland Street, Eldon Square, Monument Metro Station and Blackett Street.
Fenwick offers a wide range of goods and services with a focus on premium and luxury products. It is one of few department stores in the UK to retain a food hall. This was refurbished in 2015.[20]
The store is known locally for its extravagant Christmas window displays, filled with detailed sets and sophisticated moving figures, which have appeared since 1971.[21][22]
In 2022, Fenwick announced an investment of £40 million over the next five years in the refurbishment of its Newcastle, flagship, adding two new atria and renovating the beauty hall and accessories area.
See also
Notes
- ^ 181 pounds, 6 shillings, and 0 pence. For more information on "old-style" British currency notation, see £sd#Writing conventions and pronunciations.
References
- ^ Wearmouth, Rachel (27 April 2012). "Mike Ashley is North East's richest after £500m boost in fortune". The Chronicle (ncj Media Ltd). Retrieved 29 April 2012.
- ^ "The Richmondshire Museum, Richmond North Yorkshire - Displays & Exibits [sic]". Archived from the original on 19 February 2012. Retrieved 19 February 2012.
- ^ "Our Story | Fenwick". www.fenwick.co.uk.
- ^ Colls, Robert; Lancaster, Bill (2005). Geordies: Roots of Regionalism. ISBN 9781904794127.
- ^ "Victoria County History" (PDF). Retrieved 4 December 2014.
- ^ Anne Pimlott Baker, 'Fenwick family (per. 1882–1979)', Oxford Dictionary of National Biography, Oxford University Press, 2004 accessed 29 April 2011
- ^ "Fenwick to close Leicester store after 55 years". 6 January 2017.
- ^ "Brent Cross History". Archived from the original on 30 April 2012. Retrieved 29 April 2012.
- ^ "The Retail Bulletin, 2016-09-01". Archived from the original on 5 March 2017. Retrieved 2 September 2016.
- ^ "Fenwick confirms Leicester closure date | TheBusinessDesk.com". East Midlands. 14 March 2017. Retrieved 27 February 2023.
- ^ Lee, David (26 October 2017). "No department stores interested in taking over empty Fenwick site, says council officer". Windsor Express. Archived from the original on 30 July 2019.
- ^ "New era for Fenwick as last two family members step down from the board". 19 October 2017.
- ^ "Bracknell's iconic Bentalls building has been levelled - this is what will replace it".
- ^ "Fenwick to shut 130-year-old New Bond Street department store". BBC News. 6 December 2022. Retrieved 2 February 2023.
- ^ "Fenwick to shut 130-year-old New Bond Street department store". BBC News. 6 December 2022. Retrieved 2 February 2023.
- ^ "Store Locator | Fenwick". www.fenwick.co.uk.
- ^ Chambers, Sam. "Fenwick family puts flagship Bond Street department store on the market for £500m". The Times. ISSN 0140-0460. Retrieved 7 February 2022.
- ^ Rupert Neate (2 February 2024). "'I'm devastated it's closing': London shoppers say farewell to Fenwick". The Guardian. Retrieved 2 February 2024.
- ^ "Fenwick Newcastle Department Store | Fenwick". www.fenwick.co.uk. Retrieved 11 September 2022.
- ^ "Fenwick Newcastle Food Hall interiors, by CADA". 14 December 2015.
- ^ "Newcastle's Fenwick Christmas window seen online by 250,000". BBC News. 9 November 2020.
- ^ Butcher, Joanne (2 November 2011). "Kids flock to Fenwick Christmas window display". The Evening Chronicle. Retrieved 29 April 2012.
Media related to Fenwick (department store) at Wikimedia Commons
54°58′30″N 1°36′46″W / 54.97495°N 1.61283°W
This page was last edited on 4 March 2024, at 00:55