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- 2019 -1 OctoberAdvice
From clicks-to-bricks
2019 continues to be an extremely turbulent time for the retail sector. Barely a week goes by when we don’t hear of yet another, long-standing and well-established high street retailer beginning to crumble as it struggles to keep up with a number of online rivals. In fact, new figures released…
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Sep- 2019 -18 SeptemberHigh Street
Sports Direct to ‘ignore’ deadline in hunt for new auditor
Sports Direct is still searching for a new auditor, amid reports that it could be forced to consult the government for guidance. The retail brand’s auditor Grant Thornton officially resigned after nine years, at the company’s AGM last week (11 September) following a £605m tax bill from Belgian authorities. Shareholder…
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17 SeptemberAdvice
Navigating a path to success – the retail roadmap
The struggles of high street stalwarts such as House of Fraser and BHS have brought the challenges facing traditional retailers into sharp focus. In an era where the customer calls the tune by which retailers must play, many brands have struggled to provide the personalised, convenient services that their audiences…
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12 SeptemberHigh Street
91% of Sports Direct shareholders re-elect Mike Ashley
Over 90% of Sports Direct’s shareholders have voted in favour of founder Mike Ashley’s re-election as a director of the company. A statement from the group’s AGM on Wednesday (11 September) said that 90.99% of votes cast were in favour of re-electing Ashley, with just over 9% voting against it. …
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10 SeptemberHigh Street
Sports Direct among bidders for Links of London
Sports Direct is one of two final bidders attempting to buy jewellery brand Links of London from current owner Folli Follie (FF Group), according to reports from Sky News. FF Group appointed firms Deloitte and Savigny to find a buyer for Links in late August, after the brand pulled out…
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Aug- 2019 -22 AugustPeople Moves
Ted Baker CFO departs for Mulberry after 17 years
Mulberry, the British luxury brand, has announced the appointment of Charles Anderson to the Company’s board of directors as group finance director, with effect from early October 2019. Anderson replaces Neil Ritchie who, as previously announced, stepped down from the board on 30 June 2019. Anderson has over 20 years’…
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21 AugustHigh Street
Sports Direct approaches mid-tier firms in race for new auditor
Sports fashion retailer Sports Direct has approached mid-tier accountancy firms BDO and Mazars as it races to appoint a new auditor, according to a report by the Financial Times (FT). FT said the retailer is aiming to avoid government intervention and a possible suspension from the London Stock Exchange (LSE)…
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20 AugustSupermarkets
Supermarket growth remains flat over summer
Supermarket growth remained flat for the 12 week period to 11 August, with all chains barring discount brands Aldi, Lidl and Iceland reporting a drop in sales. Sales at Asda and Tesco who maintain the largest share of the market, shrunk by 1.5% and 1.6% respectively for the period, according…
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20 AugustHigh Street
House of Fraser extends administration period to 2020
Embattled department store retailer House of Fraser (HoF) has had its administration period extended to 10 August 2020, after being approved by its creditors. According to a report by Drapers, documents on the process of the administration will be released later on this week by ‘Big Four’ accounting firm EY.…
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16 AugustComment
The case for personalisation
From the dawn of modern consumerism offering a personal touch was a key differentiator for high-quality retailers and service providers keen to set themselves apart from the rest. Remembering client names, previous purchases or children’s birthdays added that ‘je ne sais quoi’ that bonded retailer to customer. It fostered loyalty,…
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