
House of Fraser's London flagship is no longer set for closure, new owner Sports Direct said Tuesday, with the store that had been a surprise casualty on the retailer’s closure list to be "fully operational".
477 published items with the word (s) or phrase House of Fraser in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
House of Fraser's London flagship is no longer set for closure, new owner Sports Direct said Tuesday, with the store that had been a surprise casualty on the retailer’s closure list to be "fully operational".
UK's GMB Union condemned the loss of 627 jobs from global freight transportation and warehousing company XPO Logistics Inc at its House of Fraser warehouse.
Mulberry has issued a profit warning on the back of the House of Fraser failure and buyout, while it has been revealed that a raft of major fashion names are owed millions by the retailer.
British retail sales grew faster than expected last month, after hot weather and the World Cup continued to boost food sales and shoppers took advantage of extended discounts on clothing and online sales.
The purchase by Sports Direct of department store group House of Fraser drew a cautious response from analysts on Monday, with some saying the deal could backfire on Mike Ashley, the sportswear retailer's founder.
British consumer spending dipped last month and few employers plan to offer bigger pay rises, according to economic surveys on Monday that suggest future growth is likely to remain modest.
Britain's economy picked up some speed in the second quarter after a sharp winter slowdown in early 2018 but lost momentum in June, underlining its stuttering performance ahead of Brexit in less than eight months' time.
House of Fraser is to get a new owner after calling in administrators Friday. A fast deal to buy a slimmed-down version of the chain had been on the cards with news Friday that retail tycoon Mike Ashley is now in charge.
House of Fraser said on Sunday it had settled with a group of landlords that had challenged the retailer's restructuring plan that includes the closure of 31 of its 59 stores early next year.
Billionaire Philip Day is in the early stages of a potential bid for British retailer House of Fraser to save it from collapse, Sky News reported on Thursday citing sources.