Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Another HoF store saved but 'time running out' on others

House of Fraser’s Plymouth store will remain open, new owner Sports Direct has confirmed.

The store on the city’s Royal Parade was set to close under HoF’s pre-administration company voluntary arrangement (CVA) proposals. It comes after Sports Direct confirmed the HoF store in Telford and the Oxford Street flagship will remain open. Sports Direct added that it hoped to be able to announce more stores which will remain trading later this week.

However, the retailer warned that time was “running out” for some locations.

It said: “ Some landlords are being very collaborative in order to give us a chance at turning the business around, giving HOF a lifeline and saving hundreds of jobs. However, some greedy landlords would rather see the stores close than help save the jobs of hundreds of people. We will continue to try to convince these landlords but ultimately time is running out. Some closures will be announced next week.” 

Readers' comments (3)

  • Slightly out of date. On Friday when Plymouth was saved, another 5 House of Fraser’s were also saved - Darlington, Carlisle, Middlesbrough, Grimsby and Aylesbury.

    Also it’s worth highlighting that almost all these leases signed are either 12 month leases, or leases with a break clause at 12 months, designed so he has got longer to make an more informed decision next year.

    Unsuitable or offensive? Report this comment

  • Press reports over weekend claim two deals on offer a few stores at 5% of turnover and the majority Ashley paying no rent but only rates and service charge , you cannot blame landlords for not accepting this if they can relet at a better deal. HOF will end up with the stores that cannot be relet and the handful of stores that are profitable.

    Unsuitable or offensive? Report this comment

  • Landlords have already been too generous to HOF in the past. They are not at fault here.

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.