Sports Direct
This coverage focuses on Sports Direct’s activities and position within the UK retail market, detailing store developments, acquisitions, financial results, leadership changes, and strategic initiatives. Reporting examines how the company shapes its sportswear and leisure offering, adapts to market trends, and competes in a dynamic retail environment — providing retail managers and executives with insights into its operations and growth strategies.
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Sep- 2018 -5 SeptemberClothing & Shoes
Quiz to take £400,000 hit from House of Fraser collapse
House of Fraser is expected to receive a £400,000 cash injection from fashion retailer Quiz. Ahead of its AGM the retailer, which has concessions in the department store, said it would provide the money in relation to “outstanding debtor balances and other potential costs”. Quiz will provide a trading update…
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Aug- 2018 -28 AugustEconomy
Amazon named ‘most reputable UK retailer’ in consumer survey
Amazon, Boots and John Lewis have topped the 2018 UK Retail RepTrak ranking of the most reputable retailers, the Reputation Institute has announced. The research was based on 5,175 individual ratings from the UK general public and based on an assessment of 50 nominated companies. Amazon’s reputation significantly improved since…
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21 AugustDepartment Stores
House of Fraser Oxford Street store saved but 627 warehouse jobs still at risk
House of Fraser’s flagship Oxford Street store has been saved from closure by its new owners. The store was due to close in January under the House of Fraser CVA that was announced in June 2018 before the company entered administration. However Mike Ashley’s company Sports Direct agreed to acquire…
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17 AugustDepartment Stores
Debenhams to axe 90 jobs
Debenhams has announced it is to cut 90 jobs as part of a restructuring plan to focus the business on key areas. The department store is also currently in redundancy talks with 200 head office workers as part of the last stage of its cost cutting plan. In a statement…
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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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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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