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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Jul- 2018 -10 JulyAnalysis
The advantage of customer intelligence and what retailers can learn from House of Fraser
Another day, another high street stalwart closing some of its doors. With a deal now struck with creditors, House of Fraser’s plan to cut half of its brick-and-mortar stores is going ahead, making it the latest to fall prey to increasing pressure on our town centres. In light of this…
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10 JulyProperty
Retail property value sees biggest drop in six years
The value of UK retail properties fell by 0.8% in June, the biggest monthly fall since May 2012. According to figures released by real estate company CBRE, in June UK high street shops’ capital values dropped by 1.3% while shopping centres saw a decrease of 1.1%. CBRE’s Monthly UK Index…
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4 JulyAnalysis
A look-back at the first half of 2018 in retail
Over the past six months, we’ve seen high street stalwarts such as M&S, New Look, and most recently House of Fraser announce significant structural changes. A number of big-name retailers have fallen into administration, succumbing to the pressure of changing consumer spending and shopping habits. These retail struggles come against…
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2 JulyAdvice
Why technology is the key to brand loyalty on the changing high street
Today’s newspapers are awash with daily stories of retailers having to transform their business models from yesteryear to stay afloat as our high streets evolve and customer habits and expectations change. Recent articles discussing the fate of Mothercare, Marks & Spencer and House of Fraser are just a few. No…
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2 JulyHigh Street
Retail job losses make up almost half of 50,000 lost this year
Almost half of the 50,000 jobs lost in the UK this year have been in the retail sector, new figures suggest. Data from the Press Association shows that around 50,000 have seen their jobs cut or have had their positions threatened during the first half of the year, while additional…
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Jun- 2018 -27 JuneHigh Street
Costa Coffee sales dip 2% in Q1
Coffee chain Costa has reported a fall in like-for-like sales at the start of the year, blaming a lack of shoppers on the high street. Although total UK sales grew by 5.2% due to new store openings, according to Costa owner Whitbread, the UK’s biggest coffee chain revealed a 2%…
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22 JuneDepartment Stores
House of Fraser CVA approved by creditors, 31 stores to close
House of Fraser has announced that its Company Voluntary Arrangement (CVA) proposals have been approved by the company’s creditors in a final agreement that will see 31 stores close. The creditors’ meetings were held at 10am today and the company with both CVA proposals were approved. House of Fraser said…
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22 JuneDepartment Stores
House of Fraser focuses on ‘brand renewal’ ahead of CVA decision
House of Fraser is to renew its product and trade strategy as part of a transformation journey as its shareholders prepare to vote on its company voluntary agreement (CVA). The plan will focus on “ensuring House of Fraser becomes a destination for customers to shop their favourite brands while providing…
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20 JuneDepartment Stores
House of Fraser lenders agree to extend loans
House of Fraser has agreed an extension for its loans ahead of this Friday’s vote on a possible CVA that could see 31 stores close. According to the Press Association, the lender has conditionally agreed to a £125m loan as well as a £100m revolving credit facility providing the planned…
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18 JuneClothing & Shoes
Calvetron Brands to shut 102 Jacques Vert and Precis concessions
Benjamin Wiles, Trevor Birch and Philip Duffy of Duff & Phelps, joint administrators to Calvetron Brands, have announced they are serving notice on 102 Jacques Vert and Precis concessions in the UK and Republic of Ireland. These closures and those announced previously, including Dash and Eastex closures made on 4…
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