House of Fraser
This coverage examines House of Fraser’s role and performance in the UK retail sector, featuring updates on store operations, financial results, leadership changes, and brand strategy. Reporting explores how the company navigates challenges in the department store segment, offering insights for retail managers and executives assessing market positioning and commercial opportunities.
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Mar- 2019 -6 MarchClothing & Shoes
Ann Summers seduces former HoF and Game directors
Ann Summers has appointed Game’s chief marketing officer Natalie Amosu and House of Fraser’s former product and trading director Marian Collins, to newly created roles. Collins is expected to work with current managing director Vanessa Gold and chief executive Jacqueline Gold, while it is uncertain which department Amosu will work…
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5 MarchM&A
Sports Direct offers £139m for Findel
Mike Ashley’s Sports Direct has announced it has made a £139m bid for home shopping company, Findel. In a statement to the London Stock Exchange this morning (5 March), Sports Direct said it intended to purchase the remaining shares in Findel for 161p per share, a 1p reduction on the…
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Feb- 2019 -27 FebruaryClothing & Shoes
Ted Baker shares plunge amid profit warning
Ted Baker’s shares plunged as much as 17% in early trading after it warned profits are expected to below market expectations. The fashion retailer said profit before tax is now expected to be in the region of £63m, well below the £73.5m it reported during the same period last year.…
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22 FebruaryComment
The ever-demanding omnichannel world – leading the charge with leadership
The battle to gain and retain consumers continues across sectors and markets. As the National Retail Federation’s largest global retail conference and expo highlighted earlier this year, the winners will be those that have the ability to create a seamless end-to-end experience digitally as well as in-store, as well as…
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18 FebruaryDepartment Stores
Philip Day eyes M&S and House of Fraser stores
Retail entrepreneur and Edinburgh Wooden Mill boss Philip Day is reportedly in talks to acquire a small number of Marks and Spencer and House of Fraser stores that are set to close. According to the Sunday Telegraph, Day is aiming to turn the stores into branches of his Days department…
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14 FebruaryHigh Street
Mike Ashley’s business profits tumble
Profits at the holding company that contains Mike Ashley’s business empire plummeted in 2017, attributed to the fall in value of the pound and the poor performance at Newcastle United. Accounts filed at Companies House for the financial year ending April 2017 revealed profits at Mash Holdings fell from £227.7m…
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8 FebruaryEconomy
61% of Brits worried high street will disappear in 10 years
Consumers are worried the high street is going to be lost completely due to the current store closures in the news, research by commercial brokers KIS Finance has revealed. A survey of 1,000 consumers in the UK, found 61% of Brits are worried the high street will disappear in the…
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6 FebruaryDepartment Stores
Warehouse supplying HoF to shut affecting 280 jobs
A warehouse which supplies deliveries to House of Fraser is set to close later this year, affecting some 280 job roles. Trade union Usdaw announced that the Wellingborough, Northampton site, operated by XPO Logistics will shut on 10 April. The union said the closure ended months of “uncertainty for staff”…
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4 FebruaryHigh Street
Mike Ashley acquires Sofa.com
Sports Direct owner Mike Ashley has acquired Sofa.com for a “nominal sum”, adding yet another business to his growing portfolio of high street retailers. According to a report by Sky News, the acquisition will enable Ashley to add further Sofa.com concessions to the House of Fraser (HoF) chain he bought…
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4 FebruaryEntertainment
Canadian record shop owner ‘enters race’ for HMV
Doug Putman, the owner of Canadian record store chain, Sunrise Records, is said to be interested in purchasing HMV. The retail boss would rival Sports Direct owner, Mike Ashley, who has already placed a bid for the entertainment retailer. HMV administrators KPMG refused to comment on Putman’s interest, which was…
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