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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Jun- 2018 -12 JuneClothing & Shoes
Henri Lloyd to slash 128 jobs despite coming out of administration
Henri Lloyd is to be brought out of administration by a company called Aligro UK Limited, and it will continue to trade from stores in Salcombe, Dartmouth, Cowes, Cheshire Oaks and Lymington. The stores kept open will save 38 jobs, however 128 jobs in total will be axed as stores…
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11 JuneClothing & Shoes
Henri Lloyd enters administration with 31 stores set to close
Henri Lloyd has announced it has entered administration which will see 31 stores close and a large amount of jobs at risk. RSM, Henri Lloyd’s administrators blamed “challenging trading conditions on the High Street” for the waterproof clothing company’s demise. House of Fraser, who have suffered retail struggles of their…
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8 JuneGovernment
Retailers ‘mis-using’ CVA rent reductions, say landlords
Real estate association, the British Property Federation (BPF), believe that retailers have been “mis-using” the CVA process to lower the price of rent. Following the recent upsurge in CVAs, the organisation has called on the government to conduct an “urgent review”. The concerns follow the announcement that House of Fraser,…
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7 JuneClothing & Shoes
Joules 18% sales boost defies high street blues
Clothing retailer Joules has announced a rise in revenue for the year up to May 27 of 18% on figures for the same period last year. Retail revenues rose 16%, which the company says was “driven by a very good e-commerce sales performance as well as continued growth across the…
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7 JuneDepartment Stores
House of Fraser to shutter 31 stores
Embattled department store chain House of Fraser has announced it is to close 31 stores as part of its CVA proposals, due to its current property portfolio being “unsustainable in its current form”. Following a comprehensive review of the group’s entire property portfolio, the directors of the company has identified…
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4 JuneAdvice
Retail and ROI: how to minimise cost and maximise value
In the current retail environment, major players all over the UK are closing stores – including House of Fraser, New Look, and Marks & Spencer. Given this state of affairs, it’s more important than ever before for retailers to maximise their marketing investment for greater return on investment (ROI). And…
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May- 2018 -21 MayHigh Street
House of Fraser CVA could close up to half its stores
House of Fraser is expected to close around half of its UK stores as part of its upcoming Company Voluntary Agreement (CVA) next month. According to reports around 30 of its 59 UK stores are set to be axed as part of the CVA with rent cuts expected to be…
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17 MayDepartment Stores
House of Fraser landlord anger nullified by stock exchange rules
House of Fraser’s relations with a range of stakeholders worsened today after several landlords expressed anger at proposed rent reductions as part of an ongoing CVA plan. Landlords are said to be peeved by the request for rent reduction after fresh investment by Hamley’s owner C.banner. Several landlords told media…
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14 MayEconomy
Northern Ireland suffers most from UK retail struggles
Northern Ireland is suffering the worst of retail’s bad weather, showing a 7.3% drop in footfall and a retail space vacancy rate of 14.2%, 5% higher than the UK average. The figures from statistics and research firm, Springboard, show the country reporting its worst retail performance since 2015. The decline…
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10 MayDepartment Stores
House of Fraser £43.9m loss revealed in new document
A document released by House of Fraser’s new owner C.Banner has revealed that the department store suffered a £43.9m loss in 2017. The slump was attributed to Brexit, London’s terrorist attacks and the ‘rapidly evolving’ retail market. The document was submitted to the Hong Kong Stock Exchange, where C.Banner announced…
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