Four more House of Fraser stores look set to be saved from closure after new owner Sports Direct reached an interim deal with shopping centre giant Intu.
House of Fraser
Ted Baker has seen its Christmas sales jump despite allegations against its founder and challenges on the high street.
Britain’s struggling retailers have axed nearly 150,000 jobs this year with experts predicting fresh pain in 2019, research for the Press Association has shown.
Sports Direct boss Mike Ashley has said the company faces “significant challenges” turning House of Fraser around, as profits took a hit from the department store acquisition.
High street tycoon Mike Ashley has called for a new tax on online retailers as part of a radical change he says is needed to save the high street.
Mike Ashley has acquired a new property from Intu amid a public bust-up with the retail landlord, it can be revealed.
Shares in the owner of shopping malls including Manchester’s Trafford Centre have tanked after suitors pulled a £2.8 billion takeover bid.
A £2.8 billion deal to buy shopping centre giant Intu Properties has been scrapped after the consortium of takeover suitors blamed economic uncertainty and market volatility.
Mike Ashley has demanded an audience with MPs as he slammed politicians for their approach to the struggling British high street.
As House of Fraser announced it is to close 31 of its 59 shops, Gayle Ritchie explores the challenges faced by department stores in the 21st century