Tag : House of Fraser
'Terminal' HoF extends administration periodSubscription
House of Fraser has extended its administration for a further 12 months, just weeks after owner Sports Direct Group branded problems at the department store as “nothing short of terminal in nature”.
To say it has been a turbulent week for Sports Direct Group is an understatement.
House of Fraser suppliers hit out at Ashley’s U-turn Subscription
House of Fraser suppliers have told Drapers they fear for the future of the struggling department store chain and questioned if Sports Direct’s Mike Ashley did his due diligence before he bought it.
House of Fraser weighs heavily on Sports DirectSubscription
Ahead of Sports Direct’s delayed results, expected on Friday, Drapers analyses Mike Ashley’s progress in transforming House of Fraser into the “Harrods of the high street” and integrating it into the group alongside premium fascia Flannels.
CVAs leave 850 empty shopsSubscription
More than 850 stores totalling 6 million sq ft of retail space has become vacant as a result of company voluntary arrangements (CVAs) in the past 18 months, new data from commercial property agency Colliers International has found.
House of Fraser suppliers back premium revampSubscription
House of Fraser suppliers have largely welcomed plans to rebrand 31 of its branches as a premium chain, but landlords are likely to play hard ball in the proposed rent break negotiations.
House of Fraser to launch Frasers luxury mini-chain Subscription
House of Fraser is reportedly planning to turn up to seven of its branches into a luxury mini-chain under the Frasers name.
Data shows areas hit hardest by Debenhams CVASubscription
The south-east of England would be hardest hit by the loss of the local Debenhams combined with other retail store closures in the coming months, research compiled for Drapers by the Local Data Company (LDC) has found.
The owner of the Stamford Quarter shopping centre in Altrincham has submitted plans to redevelop the House of Fraser department store into a retail, office and residential scheme.
Over the past few years, there have been a number of unexpected appointments to the top rungs of traditional fashion retailers, as they have sought to break away from accepted thinking.
Sports Direct tables offer for Magasin du NordSubscription
Sports Direct has offered to buy Debenhams’ Danish business, Magasin du Nord for £100m.
Nigel Oddy to join New Look Subscription
Former House of Fraser chief executive Nigel Oddy will join New Look as chief operating officer on 1 April, Drapers can exclusively reveal.
HoF website to replatformSubscription
House of Fraser’s website will replatform on to the same provider as the wider Sports Direct Group later this year, Drapers can reveal.
House of Fraser Belfast secured Subscription
House of Fraser has secured a new long-term lease for its store in Belfast’s Victoria Square shopping centre and is planning a £10m refurbishment.
House of Fraser fulfilment centre to close Subscription
House of Fraser’s distribution centre in Wellingborough, run by XPO Logistics, will close this spring after months of uncertainty, leaving up to 280 workers without jobs.
Large retailers are leaving regional high streets up and down the country at risk of having vast swathes of empty properties as they shrink their store portfolios, Drapers can reveal.
House of Fraser’s Christmas sales drop Subscription
Sales at House of Fraser reportedly plummeted 60% year on year in the run up to Christmas.
House of Fraser in Hull saved Subscription
The House of Fraser store in Hull has reportedly been saved from closure in a last-minute deal.
The employment merry-go-round continued to spin this year, as some of fashion retail’s biggest names headed for pastures new. Drapers looks back at the year’s most notable job changes.
The chairman of Debenhams has challenged Sports Direct boss Mike Ashley to table a formal bid to buy the department store chain, in which he owns a 29% stake.