Four more House of Fraser stores are set to close after new owners Sports Direct failed to reach an agreement with the landlord.
House of Fraser
The boss of luxury bag maker Mulberry has pleaded for clarity over the future of House of Fraser stores after the retailer’s collapse took a chunk out of its sales and profits.
Takeover target Intu has seen the value of its shopping centres drop following difficult retail conditions.
Sports Direct has vowed to create the “Harrods of the North” after clinching a £95 million deal to buy Glasgow’s Frasers building in a move that saves 800 jobs.
Britain’s retailers posted their weakest sales figures for five months in September as consumer confidence took a knock in the face of heightened Brexit uncertainty.
Shares in retailer Quiz have plummeted after is became the latest retailer to warn over profits as poor trading and the collapse of House of Fraser hit sales.
Fashion chain Ted Baker has become the latest fashion firm to reveal a hit from beleaguered department store chain House of Fraser as it posted lower half-year profits.
Mike Ashley has dismissed House Of Fraser’s senior management team, just weeks after purchasing the department store chain.
Sofa chain ScS has shrugged off a hit from its House of Fraser concessions and poor summer sales to post an 11% rise in annual profits.
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.