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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Aug- 2018 -20 AugustAdvice
Is your omnichannel strategy costing or saving you money?
For retailers that operate both online and physical stores, an ongoing challenge is to find a way to compete directly with online-only competitors. The latter has increasingly been flexing their muscles as traditional High Street chains come under more and more financial pressure, leading to some high-profile collapses and reshuffles…
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20 AugustDepartment Stores
House of Fraser woes push Mulberry into £3m loss
Designer fashion brand Mulberry has issued a profit warning following the financial woes of House of Fraser. With the company, saying it expects to absorb costs of £3m due to the chain’s restructuring, the company’s shares dropped by 30% following the announcement. Mulberry operates 21 House of Fraser concessions, employing…
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17 AugustHigh Street
House of Fraser cancels all online orders
Struggling retailer House of Fraser has cancelled all online orders and will refund customers who have not received their products. This comes only days after the retailer announced on Twitter that “orders would be delivered as soon as possible”. In the tweet, the company added that due to recent changes…
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16 AugustDepartment Stores
Philip Day eyeing House of Fraser stores
Philip Day, the owner of Edinburgh Woollen Mill is reportedly in talks with landlord groups regarding a takeover of several House of Fraser stores. Day is talking to 10 to 15 landlords with a view to running them as Days Department Stores according to Drapers. Rents and leases on House of…
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16 AugustAdvice
How the theory of evolution will be the difference-maker for retailers
An estimated 9,500 retail shops are due to close this year and according to The Centre for Retail Research, 20,000 store jobs are set to disappear by 2020 – on top of the 150,000 that have gone since 2016. And that’s just in the UK. Elsewhere in Europe, closures aren’t…
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14 AugustAdvice
How to combat growing in-store queues
Recent research from cloud-based platform Qudini reveals that long queues are the largest turn-off for shoppers. Consequently, UK retailers are losing up to £12bn per year with customers becoming frustrated with waiting times, and therefore leaving the store without purchasing. Assuming there’s enough appeal there in the first place to…
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14 AugustDepartment Stores
Mike Ashley plans to keep 80% of House of Fraser stores open
Sports Direct owner Mike Ashley has vowed to keep 80% of House of Fraser’s stores open, after he saved the department store chain from administration in a £90m buyout last week (Friday 10 August). When the department store entered a CVA in June, it planned to shut 31 of its…
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10 AugustDepartment Stores
Sports Direct saves House of Fraser in £90m eleventh-hour deal
Sports Direct has agreed to acquire House of Fraser for £90m in a deal that came just minutes after the department store chain entered administration. A Sports Direct statement read: “The group has acquired all of the UK stores of House of Fraser, the House of Fraser brand and all…
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10 AugustDepartment Stores
House of Fraser site offline as administration threatens 17,500 jobs
House of Fraser has appointed administrators after talks with investors and creditors were “not concluded in a solvent solution”. The department store currently employs 17,500 people across its 59 stores of which 31 have already been earmarked for closure. Despite the administration all House of Fraser stores are expected to…
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9 AugustDepartment Stores
House of Fraser sets new deadline to secure funds
House of Fraser has set itself a new deadline to secure funding to avoid collapse. In a statement to the Luxembourg Stock Exchange, the company said that it would require an investment no later than 20 August. Earlier reports said the department store would make a final decision on its…
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