Frasers
This coverage focuses on Frasers’ activities, strategy, and performance in the UK retail landscape. Reporting includes store developments, financial results, leadership decisions, brand management, and expansion efforts across sportswear, fashion, and lifestyle sectors. With attention to commercial strategy and market positioning, it offers insights for retail professionals managing multi-brand, omnichannel, and competitive operations.
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Feb- 2024 -13 FebruaryClothing & Shoes
Frasers ups stake in N Brown to 20%
Frasers Group has revealed it has increased its stake in fashion retailer N Brown to 20%, according to the latest holding documents filed by the company. The pure play retailer’s brands include Jacamo, Simply Be and JD Williams and was founded in 1859 in Manchester – where its headquarters remain…
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8 FebruaryNews
Primark to upsize Metrocentre location
Primark is set to do an upsize of 14,100 sq ft of trading space for the Metrocentre location. The retailer first joined Metrocentre nearly 20 years ago, before relocating into its current site in 2010. Anchoring Exhibition Square, a key junction where Yellow, Blue, and Platinum Malls meet, the shopping…
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Jan- 2024 -30 JanuaryNews
Today’s news in brief- 30/1/24
Online marketplace Secret Sales has appointed Anthony Farrow as its new Chief Technology Officer. Farrow, with 23 years of experience working with global fashion brands, will focus on advancing AI and emerging technologies to enhance the platform’s efficiency. His role involves implementing serverless architecture, refining search capabilities, and integrating AI-driven…
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30 JanuaryOnline & Digital
Studio Retail swings to full-year profit following Frasers takeover
Studio Retail has welcomed a pre-tax profit of £12m in the year ended 30 April, 2023, up from a £75.7m loss the prior year, following its acquisition by Frasers Group. According to new filings from Companies House, while full-year revenues fell from £424.4m to £330.2m, it has “actively taken action…
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29 JanuaryDepartment Stores
Frasers Group to open new locations in Queensgate
Frasers Group is set to open several dynamic stores in Queensgate, Invesco’s 835,000 sq ft shopping centre, located in the heart of the city. Frasers Group will open the doors to a Frasers and Sports Direct, occupying the former John Lewis space. These stores will create compelling retail destinations in…
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16 JanuaryNews
Today’s news in brief-16/1/24
Card Factory reported a 10% increase in total sales for the 11 months ending December 2023, reaching £476.9m, driven by robust Christmas trading. The like-for-like (LFL) store revenue surged 7.8% in November and December, attributed to increased transactions and higher average basket values. The Store Evolution Programme positively impacted space…
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16 JanuaryNews
Frasers Group to launch new flagship store in Kent
Frasers Group has announced that it has signed a new long-term lease agreement for its 101,921 sq ft unit at M&G Real Estate’s Maidstone town centre retail destination. The new agreement will see Frasers Group fully refurbish its current House of Fraser unit at Fremlin Walk into a flagship store…
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16 JanuaryShopping Centres
Mike Ashley considers Meadowhall shopping centre bid
Mike Ashley is reportedly considering a bid to acquire Meadowhall shopping centre in Sheffield, according to The Times. Frasers Group, majority owned by Ashley, is “one of a handful of parties” that have registered an interest in the shopping centre. British Land and Norges Bank put the 1.4m sq ft…
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11 JanuaryNews
Today’s news in brief-11/1/24
Marks & Spencer emerged as the top-performing grocer in volume growth during the Christmas period and the quarter. Food sales rose by an impressive 10.5%, with like-for-like sales up 9.9%. Clothing and home sales also experienced growth of 4.8%, attributed partly to reduced promotions. Supply chain improvements contributed to better…
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11 JanuaryClothing & Shoes
Frasers Group appoints new joint broker
Frasers Group has announced the appointment of Jefferies, a full-service investment banking and capital markets firm, as its new corporate broker. Jefferies will replace Liberum as the company’s joint corporate broker, alongside Barclays Bank plc and Deutsche Numis, with immediate effect. Frasers said: “The board of Frasers wishes to thank…
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