SCS to stop selling through House of Fraser after orders slump October 25, 2018 Furniture company ScS will close all of its concessions at embattled department store House of Fraser by the end of January after it was taken over by Sports Direct founder Mike Ashley. The company said its orders through House of Fraser had more than halved in the twelve weeks ending 20 October. Ashley bought the [...]
Ranked: Sports Direct tops poll of UK’s most loathed brands October 23, 2018 House of Fraser owner Sports Direct is the UK’s most loathed brand, according to consumer finance website Money Saving Expert. However, billionaire Mike Ashley's bottom-placed retail giant may have been hurt by a social media campaign against the company, admitted the website, which asked 7,600 readers to rank 52 household name brands. Read more: Mike [...]
Manchester’s iconic House of Fraser store is set to close after rescue talks break down October 19, 2018 Another House of Fraser store has been axed after rescue talks with the landlord broke down, the company confirmed today. The Kendals department store in Manchester's Deansgate will close down in the New Year. Read more: Hamleys replaces finance chief after disappointing results A spokesman for House of Fraser said: "We have suggested various options to the landlord [...]
Pilfered pens and fudged expenses could foreshadow an ethics scandal October 18, 2018 Are UK employees the least ethical in Europe? The Institute of Business Ethics’ 2018 Ethics at Work Survey seems to indicate so. Brits appear to take a more lenient approach than the average European employee to questionable workplace practices. We asked employees about their attitudes to ethical issues in the workplace, ethical practices in their [...]
The unspoilt ski slopes of Gudauri in Georgia are Europe’s best kept secret October 12, 2018 The Georgian Military Highway winds its way from Tbilisi towards the Russian border, passing UNESCO churches, scenic reservoirs, and the somewhat over optimistically named Friendship Monument, a late 1980s celebration of Georgian-Soviet relations. As the road climbs higher, the forests cloaking the slopes grow thinner until you emerge above the treeline and they’re replaced completely [...]
Game Digital appoints former House of Fraser director as new finance chief October 12, 2018 Video game retailer Game Digital today confirmed former House of Fraser finance director Ray Kavanagh as the firm's new chief financial officer (CFO), while the business heads for a strategic turnaround. He was previously the director of finance at troubled department store chain House of Fraser for eight years, as well as a company board member [...]
Mike Ashley snaps up freehold to House of Fraser’s historic Glasgow store for £95m October 12, 2018 House of Fraser today paid £95m for the freehold to its iconic Glasgow building, promising to turn it into the “Harrods of the north”. Owner Sports Direct bought the Frasers building from Glasgow City Council, promising to turn it into a destination for luxury shopping, with brands like Hermes, Christian Louboutin, Prada and Gucci already [...]
FCUK must reconnect with British shoppers in a saturated market October 10, 2018 On Monday, news emerged regarding high-street retailer French Connection. The brand announced that it may be up for sale, prompting shares in the fashion chain to rise 25 per cent to 55p. Following on from speculation last weekend, the firm said it was “reviewing all strategic options” – one of which is a sale. French [...]
Flying high: Angling Direct hooks in revenues as physical stores prove to be a big catch October 8, 2018 Angling Direct reeled in a sharp rise in turnover over the first half of 2018, amid burgeoning sales that were bolstered by European expansion and UK store growth. The group today posted a 55 per cent rise in revenue in the first six months of the year, jumping to £21.9m, on the back of a [...]
French Connection shares rocket as retailer looks for a buyer October 8, 2018 Shares in French Connection were up a huge 32 per cent in early morning trading on the back of news that the brand is up for sale. The clothing retailer yesterday confirmed that it is looking to sell, with founder Stephen Marks hoping to offload his 42 per cent stake. Read more: French Connection founder [...]