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 -9 AugustHigh Street
ScS growth edges up in ‘encouraging’ results
ScS has announced it is trading “in line with its expectations for the year” despite concerns it may have been hit by the decline in retail footfall. The furniture retailer saw an overall order growth of 1.3% in the 52 weeks up to 28 July, along with a like-for-like order…
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9 AugustDepartment Stores
House of Fraser fate could be decided today
A decision could be made on the future of House of Fraser today as its creditors assess takeover bids made by Sports Direct’s Mike Ashley, retail tycoon Philip Day, and retail turnaround fund Alteri Investors. According to Sky News, PwC spent Wednesday (8 August) afternoon negotiating on the 169-year-old’s department…
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7 AugustClothing & Shoes
Phillip Day to snap up Jacques Vert
Retail boss Phillip Day is said to be preparing to add womenswear brand Jacques Vert to his retail portfolio, which has already seen the recent addition of Jaeger. Day will look to acquire the struggling brand through a separate company to Edinburgh Woollen Mill according to Sky News. The deal…
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6 AugustDepartment Stores
House of Fraser able to proceed with store closures after legal row ends
House of Fraser has settled its legal row with landlords meaning it can proceed with plans to close 31 of its 59 stores. Landlords had previously argued that slashing rents to support the department store’s rescue plan was unfair. The department store said it was “focused on concluding discussions with…
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1 AugustDepartment Stores
C.banner pulls out of House of Fraser rescue
C.banner has pulled out its House of Fraser rescue deal worth £150m due to a dive in its share price. The Hamley’s owner said the deal had been “rendered impracticable and inadvisable” following the fall. House of Fraser is now urgently seeking a £50m investment in order to avoid collapse.…
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Jul- 2018 -27 JulyDepartment Stores
House of Fraser CVA delayed by landlords
House of Fraser’s planned company voluntary agreement (CVA) has been delayed by landlords who have launched legal action, with representatives call the plans “unfairly prejudiced”. New House of Fraser owners C.Banner, filed an announcement with the Hong Kong stock exchange yesterday (26 July) explaining that the company would need additional…
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24 JulySupermarkets
Warm weather and football fever boosts supermarket sales
The UK groceries’ market share has increased at its fastest rate this year as a result of football fever and sunny weather, new figures show. A report from consultancy Kantar Worldpanel revealed supermarket sales grew 3.6%, with sales of firelighters (47%) and fresh burgers (30%) increasing as well. The data…
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20 JulyAdvice
How to adapt to multi-channel sales
Consumers’ expectations have evolved over the last decade. Having an online store is no longer seen as optional and is now a necessity to meet customer demands. Customers are wanting the ability to shop seamlessly anywhere, at anytime, and across any device. Next day delivery has too become an expectation…
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19 JulyHigh Street
‘Phantom hours’ costing UK businesses £37m a week
A survey of shift workers in the retail, hospitality and leisure industries has found staff to be overstating their working hours by an average of almost half an hour a week. Staff rota scheduling firm Rotaready, which conducted the survey, said these ‘phantom hours’ are costing UK businesses as much…
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18 JulyAdvice
Ten ways to outperform 2017’s Black Friday retail success
It may be a relatively recent entry in the UK retail calendar, but Black Friday looks set to take the country by storm this November. In 2017 spending was up 8% and transaction numbers a sizeable 32%. For retailers who get their strategy right, 2018 is an opportunity to generate…
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