In the week leading up to Black Friday, one by one retailers are unveiling their discounts. Drapers brings you a roundup of the latest offers.
More House of Fraser store closures confirmedSubscription
The House of Fraser stores in Nottingham, Norwich, the Lakeside shopping centre in Essex and Metrocentre in Gateshead will close in the new year after Sports Direct failed to agree a deal with landlord Intu, Drapers can reveal.
House of Fraser readying more store closuresSubscription
House of Fraser may be set to announce a fresh round of store closures, after landlords reportedly refused to agree to owner Mike Ashley’s new leasing terms.
House of Fraser hits Mulberry’s bottom line Subscription
Mulberry made a loss before tax of £8.2m for the six months to 30 September 2018, up from a loss of £600,0000 for the same period in 2017, following House of Fraser’s fall into administration and costs associated with launching into Korea.
House of Fraser in Manchester to closeSubscription
House of Fraser’s Manchester store will close in January.
Ashley buys Glasgow’s House of FraserSubscription
Mike Ashley has vowed to create the “Harrods of the North” after he secured the freehold for House of Fraser’s Glasgow store in a £95m deal.
Ashley eyes HoF store freeholds Subscription
Sports Direct owner Mike Ashley is understood to be in discussions to buy the freeholds of several House of Fraser stores.
Exeter House of Fraser to closeSubscription
The House of Fraser store in Exeter is reportedly set to close in January.
Ashley injects 'own DNA' into House of FraserSubscription
House of Fraser suppliers and industry sources expressed little surprise today as Sports Direct owner Mike Ashley culled senior management at the troubled department store chain.
Mike Ashley’s Sports Direct has sacked the entire senior management team at House of Fraser weeks after it bought the troubled department store.
Anya Hindmarch losses mount to £28.2mSubscription
Anya Hindmarch has reported pre-tax losses of £28.2m in the year to 30 December 2017, as the luxury handbag and accessories brand reduced its physical footprint.
The owner of The Brunel shopping centre has hit out at Sports Direct’s decision to close the Swindon branch of House of Fraser.
Mike Ashley to close three House of Fraser stores Subscription
House of Fraser is to close three stores imminently after owner Mike Ashley said he was unable to agree terms with “greedy landlords”.
House of Fraser website back onlineSubscription
House of Fraser’s website has been relaunched more than a month after it was taken offline.
Customers with unused House of Fraser gift cards are still waiting on refunds after the department store chain stopped accepting gift card purchases in stores, it has been reported.
Exclusive: Supplier to cut jobs amid HoF fallout Subscription
Berwin & Berwin, a men’s tailoring supplier that is part of Edinburgh Woollen Mill Group, has entered into a consultation period with a number of employees at its Leeds site, after it failed to reach an agreement with House of Fraser’s new owner Sports Direct over future trading terms.
House of Fraser is to axe its remaining house brands as it reshapes its strategy under new owner Sports Direct, Drapers understands.
Sports Direct denies Debenhams takeover bidSubscription
Sports Direct confirmed it does not intend to make an offer to acquire Debenhams, after a director admitted yesterday that merging it with House of Fraser had been discussed at board level.
Department stores face fight for survivalSubscription
The UK department store sector remained in turmoil this week, as question marks hung over the future of anchor stores in many shopping centres and high streets.
KPMG owed £277k for House of Fraser CVASubscription
Accountancy firm KPMG has accrued losses of £277,533 after being paid just less than half the fees it was owed by House of Fraser for work on its company voluntary arrangement (CVA).
House of Fraser website set to reopenSubscription
The House of Fraser website could be set to reopen next week after a deal was struck with its warehouse operator.
Mike Ashley’s Sports Direct is understood to have offered loans to some suppliers that are struggling to cope with unpaid debts from the collapse of House of Fraser.
House of Fraser supplier Edinburgh Woollen Mill Group (EWM) is pulling all its stock, including own-brand House of Fraser ranges it manufactures, out of the department stores after negotiations with its owner, Sports Direct, collapsed, Drapers can reveal.
A war of words has erupted this week over House of Fraser’s collapse into administration and the subsequent treatment of its suppliers.
Philip Day’s Edinburgh Woollen Mill Group (EWM) has temporarily closed its House of Fraser concessions, including Berwin & Berwin, Jaeger, Jane Norman and Calvetron Brands while discussions continue, Drapers can reveal.
Mike Ashley has called for House of Fraser’s former directors to face an Insolvency Service inquiry, claiming they “misled” suppliers and warehouse operators.
Landlords hit back at Ashley's 'greedy' jibeSubscription
Landlords and property experts have hit back at Mike Ashley’s claims that “greedy landlords” will scupper his plans to save House of Fraser stores.
House of Fraser’s distribution centres in Wellingborough and Milton Keynes have closed again shortly after reopening, Drapers understands.
House of Fraser’s Plymouth store will remain open, new owner Sports Direct has confirmed.
House of Fraser’s distribution centres in Wellingborough and Milton Keynes are reopening on 24 August, following a standoff between the retailer’s new owner Mike Ashley and site operator XPO Logistics, Drapers has learned.
House of Fraser in Telford to remain openSubscription
House of Fraser in Telford will remain open, saving 150 jobs, it has been confirmed today.
Suppliers braced for more pain from HoF fallout Subscription
Mike Ashley secured House of Fraser’s future on London’s Oxford Street this week, however, suppliers have warned of job losses, profit shortfalls and even risk of closure as debts are revealed.
Sports Direct founder Mike Ashley has signed to keep the House of Fraser flagship on Oxford Street open, in a move which “cements his intentions for the department store chain”.
Harrods managing director Michael Ward has spoken out in support of Sports Direct owner Mike Ashley’s plans to restore House of Fraser.
HoF collapse puts XPO Logistics jobs at riskSubscription
XPO Logistics, the company running House of Fraser’s Wellingborough and Milton Keynes distribution centres, has placed more than 600 members of staff into consultation, following the retailer’s fall into administration.
House of Fraser website redirects to FlannelsSubscription
House of Fraser’s website is now redirecting customers to Flannels, as the department store enters its sixth day without an ecommerce presence.
Luxury accessory brand Mulberry has warned the collapse of ailing department store House of Fraser could result in a ”material reduction” in its full-year profits.
House of Fraser creditors owed £484mSubscription
House of Fraser’s unsecured non-preferential creditors, including suppliers, are thought to be owed around £484m, a report from administrator EY has shown.
House of Fraser cancels all online orders Subscription
House of Fraser has cancelled all online orders, following “significant delays” with deliveries.
The owner of Edinburgh Woollen Mill Group, Philip Day, is in talks with a group of landlords to take over several House of Fraser stores, Drapers understands.
House of Fraser website pulled offlineSubscription
House of Fraser’s website has been taken offline amid a dispute with warehouse operator XPO Logistics.
Debenhams shares soared yesterday as rumours arose that Mike Ashley could make a bid for the department store.
Reports suggest employees at a key warehouse supplying House of Fraser stores and online shoppers have halted work over delivery payment terms with Mike Ashley’s Sports Direct.
House of Fraser chairman exitsSubscription
House of Fraser chairman Frank Slevin has left the business, Drapers understands.
Moody’s to withdraw House of Fraser ratingSubscription
Credit ratings agency Moody’s has downgraded House of Fraser by three notches and will withdraw all of its ratings to reflect the “high expected losses” for financial creditors as a result of its pre-pack sale to Sports Direct last week.
House of Fraser struck a £1m “sweetheart” deal with landlords to drop their legal challenge to its company voluntary arrangement (CVA) days before it went into administration, Drapers can reveal.
House of Fraser’s new owner Mike Ashley said he will try to keep 80% of the department store chain’s 59 stores open and will add successful “cool brands of the moment”.
HoF administrator halts supplier paymentsSubscription
House of Fraser suppliers and concessionaires are urging Sports Direct to “do the right thing”, as they count their “substantial” losses for payments due before the department store chain went into administration last week.
Brands pull stock from House of FraserSubscription
Several concession holders have removed stock from House of Fraser following the retailer’s fall into administration last week.
Sports Direct has appointed property agency CBRE to start talks with House of Fraser landlords over the coming days.