Fashion retailer French Connection has insisted it remains on track to return to annual profit despite revealing widening half-year losses and an £800,000 hit from the House of Fraser collapse.
House of Fraser
House of Fraser customers are becoming increasingly concerned that gift cards for the department store will not be honoured amid silence from new owner Sports Direct.
Sports Direct board members have discussed a possible merger between Debenhams and House of Fraser, a company director has revealed.
The Debenhams chairman has lashed out at speculation over the struggling retailer’s future, insisting that the chain is not insolvent.
Retailer Quiz has warned that it will take a £400,000 hit from House of Fraser’s collapse.
Retailer Fenwick is swinging the axe on 408 jobs as part of a major cost-cutting drive amid a collapse in annual profits.
The John Lewis Partnership has officially launched its rebrand as the group looks to boost its fortunes during a difficult period for the high street.
House of Fraser is set to announce a spate of store closures this week, with new owner Mike Ashley blaming “greedy landlords” for potentially hundreds of job losses.
House of Fraser’s store in the Telford Centre is to stay open under a deal secured by the retailer’s new owner, Sports Direct.
Debenhams has appointed a former Domino’s Pizza executive as its new finance chief as the troubled retailer attempts to turn itself around.