As London and the South East are forced into Tier 4 lockdown, Mike Ashley’s Frasers Group has issued a profit a warning, with many stores now forced to close again. Frasers Group, which includes House of Fraser, Sports Direct, Evans Cycles, Game Digital and Agent Provocateur, has informed shareholders that it will probably not achieve
Frasers Group issues profit warning Read More »
Alan Monahan writes: It’s been a difficult couple of weeks. I didn’t make The Sunday Times Rich List and then, after vowing not to watch the royal wedding on television, I was caught by my wife doing just that in the study where I was supposed to be working. This was a bitter blow for
Retail Reflections: At last some good news; reinvention of the public square Read More »
Iconic 169-year-old British department store chain, House of Fraser, is to undergo a Company Voluntary Arrangement (CVA) in June 2018 as it seeks to restructure its expensive portfolio. The retailer operates from 59 outlets in the UK, around 20 of which are thought to be performing well. It currently employs 6,500 staff, with a further
House of Fraser seeks to restructure portfolio via CVA Read More »
UK retail sales suffered their biggest quarterly fall in a year as the ‘Beast from the East’ kept shoppers away from the high street. Sales volumes fell 1.2% in March, compared with February. Sales of clothing, petrol and food all suffered, according to the Office for National Statistics. Fifteen major UK retailers or restaurant groups
Retail news round-up: Beastly sales; rates rises hit stores; Amazon in top five Read More »
Some of the UK’s biggest retailers have pledged their support for an action plan launched by the British Retail Consortium (BRC) called Better Retail, Better World. Those already signed up to the programme include John Lewis, Kingfisher, Sainsbury’s, M&S, Dixons Carphone, Next, Boots, Aldi, Co-op, House of Fraser, Fenwick, Ikea, Lidl, Morrisons, Ocado, WHSmith, Wilko,
Better Retail, Better World Read More »
Alan Monahan writes: I suspect that many retailers will rue the day that Black Friday washed up on our shores from the US. Like Andrew Jennings – who used to run Harrods, House of Fraser and New York department store Saks Fifth Avenue – they probably believe that the lead-up to Christmas should be a
Retail Reflections: the jury is out on Black Friday – bring on the mince pies! Read More »
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