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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Oct- 2018 -22 OctoberDepartment Stores
House of Fraser’s Manchester Kendal store to close
House of Fraser has confirmed the closure of its flagship Kendals department store in Manchester, after rescue talks with landlords broke down. The store located in Deansgate is expected to close in early 2019, with around 160 staff expected to lose their jobs. A spokesman for House of Fraser said:…
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22 OctoberHigh Street
C.Banner considers sale of Hamley’s
C.Banner is said to be considering the sale of Hamley’s a week after it posted a 2016 fall from £1.7m profit to £9.2m loss in 2017. Rumours began after C.Banner received approaches from potential buyers and appointed corporate finance firm Vermillion Partners to advise on a sale according to Sky…
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12 OctoberClothing & Shoes
Karen Millen buys Coast’s UK operations out of administration
Karen Millen has agreed to buy certain parts of the Coast’s UK business out of administration. Under Karen Millen, Coast will trade primarily across its various websites, in concessions across the UK and through wholesale and franchise partners. Coast’s solus stores and the concessions on mainland Europe are not included…
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12 OctoberDepartment Stores
Sports Direct acquires HoF Glasgow store in ‘Harrods of the North’ ambition
House of Fraser today (Friday 12 October) vowed to create the “Harrods of the North” – after announcing a £95m deal to acquire the freehold of the Frasers building in Glasgow. The flagship store already has a strong luxury brand presence which includes Hermes, Christian Louboutin, Prada and Gucci giving…
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11 OctoberAdvice
The future of the department store is in ‘science-driven’ marketing
Once classed the pillars of our high-streets, department stores are now facing troubled times. They’ve developed a reputation for being outdated, as customers have opted to shop online. Experts describe department stores as lagging, claiming some “haven’t changed in 10, maybe 20 years”. With House of Fraser closing half its…
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8 OctoberClothing & Shoes
Quiz issues profit warning leading to 25% share tumble
Clothing retailer Quiz has released a profit warning, five months after announcing a revenue growth of 30%. Shares in Quiz dropped by 25% following the announcement with it claiming its recent performance was “behind our expectations” adding that the company’s performance “declined” during the second half of the financial year.…
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8 OctoberClothing & Shoes
French Connection considering a potential sale
French Connection has confirmed it is considering the potential sale of the business as it is currently “reviewing all strategic options”. In a statement to the London Stock Exchange on Monday (8 October) the fashion retailer set out its position following reports over the weekend, and also added that there…
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4 OctoberAdvice
What is an administration pre-pack, and how might it affect retail suppliers?
2018 has been a difficult year for retailers: East, Maplin, New Look, Carpetright, Carphone Warehouse, Poundworld, Mothercare, Toys ‘R’ Us, House of Fraser, and Homebase have all stumbled to varying degrees. For House of Fraser, Mike Ashley (via his SportsDirect group) arrived as a ‘white knight’, using an administration pre-pack…
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2 OctoberDepartment Stores
Sports Direct ousts entire House of Fraser management team
Sports Direct has announced it has dismissed the entire management and executive team of House of Fraser following the department store’s collapse and subsequent takeover by Mike Ashley. In a short statement released to the London Stock Exchange, the company said this was due to “calls for an investigation” regarding…
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Sep- 2018 -25 SeptemberDepartment Stores
Three further House of Fraser stores to shutter due to ‘greedy landlords’
House of Fraser has announced it is to close three further stores in Hull, Edinburgh and Swindon, with new owner Mike Ashley saying he was unable to agree terms with “greedy landlords”. The retailer is currently in consultation with staff at the affected stores, and said its Bath store was…
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