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On this episode of Talking Shop, we're joined by Dan Cate, CEO and Founder of SoldThrough. Dan is a heavyweight retail executive who has spent decades steering the merchandising and digital operations of America’s most iconic retail institutions, from Saks Fifth Avenue and Bloomingdale’s to Century 21 and Lord & Taylor. Today, through his platform SoldThrough, Dan helps international fashion brands cross the Atlantic and crack the notoriously brutal U.S. retail landscape. We break down his journey from the shop floor to the C-suite, the operational indicators that prove a brand is truly ready for international expansion, and how to navigate a fragmented American market without destroying your margins. We also discuss how to balance localised inventory with central efficiency, and the one non-negotiable metric that tells you a product has found genuine market fit.

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House of Fraser is set for a “significant” number of further store closures after landlords reportedly refused to agree to owner Mike Ashley’s new leasing terms.

According to the Sunday Times, the Sports Direct boss met with agents at retail estate agency CBRE last week to discuss the stores to shutter. Following Ashley’s takeover, House of Fraser stores have been operating on a lease which allows them to close with just two months notice.

Ashley is also said to have offered short term leasing deals to landlords which tie rent to retail performance, on some larger stores Ashley is said to have offered to pay business rates but no rent.

The news comes after the retailer announced last week it was to close its Manchester branch, with stores in Cirencester, Shrewsbury, Hull, Swindon, Edinburgh and Exeter also expected to close. House of Fraser failed to comment when contacted by Retail Sector.

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