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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Nov- 2018 -19 NovemberComment
Digital taxation, and what it means for small retailers
The chancellor’s Budget announcements will have certainly set a few pulses racing in the independent retail sector, for several reasons. Among the measures likely to have piqued the interests of British retailers were a property rates reduction for small businesses, a £675m ‘future high street’ investment plan, and a proposal…
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14 NovemberDepartment Stores
House of Fraser to shutter Intu located stores
House of Fraser has announced “with regret” that House of Fraser is to close a further four stores located in Intu Shopping centres at Lakeside, Metrocentre, Norwich, and Nottingham. House of Fraser said the decision follows “various meetings” with the landlord, Intu Properties, but despite their “best efforts” the companies…
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14 NovemberClothing & Shoes
Blue Inc ‘close to administration’
Blue Inc is reportedly looking for a buyer to help the men’s fashion chain avoid falling into administration. The chain has appointed insolvency practitioners Begbies Traynor to sell the business and according to Sky News, sources said the retailer needed an immediate injection of capital in order for it to…
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13 NovemberDepartment Stores
House of Fraser could see ‘significant’ number of further store closures
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…
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12 NovemberAdvice
How high street retailers can make it as ‘bricks and clicks’ companies
Next year Amazon is set to celebrate its 25th birthday, although much of the high street won’t be joining the party, with an estimated 38,900 UK retail jobs being lost or affected this year alone. The roll call of businesses that have entered administration, from House of Fraser to Poundworld…
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6 NovemberDepartment Stores
Debenhams ratings downgraded by Moody’s
Debenhams has had its ratings downgraded for a second time in two months by ratings agency Moody’s. Moody’s Investors Service downgraded the long-term corporate family rating (CFR) of the UK’s largest department store group Debenhams to Caa1 from B2. It has also downgraded Debenhams probability of default rating (PDR) to…
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Oct- 2018 -30 OctoberClothing & Shoes
Sports Direct to rescue Evans Cycles with half of its stores to shutter
Sports Direct is to rescue Evans Cycles after it fell into administration on 7 September, with owner Mike Ashley saying the retailer will have to shutter half of its stores to save the business. The closures would result in hundreds of job losses with Evans Cycles, which has been running…
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30 OctoberDepartment Stores
Sofa.com to replace ScS at House of Fraser
Furniture specialists Sofa.com is set to introduce its products to seven House of Fraser outlets, replacing some of the ScS concessions. Sofa and carpet retailer ScS announced it would pull its concessions from House of Fraser by January 2019 as the company said the partnership was “no longer beneficial” following…
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25 OctoberDepartment Stores
ScS to pull concessions from House of Fraser
Furniture and floorings retail chain, ScS, has announced it will cease trading within House of Fraser stores in its trading update for the 12 weeks ending 20 October 2018. The group said due to developments with House of Fraser over the last few months, it believed the partnership was “no…
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22 OctoberDepartment Stores
Debenhams ‘could close a third of its stores’
It is rumoured Debenhams could be closing up to a third of its stores following a series of profit warnings and poor trading results. The embattled department store has 166 outlets across the UK and is reportedly looking to save £100m. The Sunday Telegraph reported that the chain would save…
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