House of Fraser news and archive

House of Fraser rebrands to Frasers

Frasers Group has revealed a brand overhaul of its formerly dubbed ‘House of Fraser’ retail chain, which will now operate under the modified name of ‘Frasers’. The rebrand was revealed in a post on the company’s LinkedIn, where it was stated that the move intended to usher in a “new look, a new approach and a new way to shop”. The post...

BusinessFeatured

Frasers Group CEO hails ‘break-out year’ as profits jump 13.1 percent

British fashion and retail giant Frasers Group has welcomed a significant uptick in its profits amid what its chief executive, Michael Murray, called a “break-out year”. In the report, Murray said that Frasers made “significant progress” with its Elevation Strategy, expanded its retail ecosystem, strengthened brand relationships, and generated...

Retail

House of Fraser to shutter two more locations

Frasers Group has reportedly confirmed that two of its House of Fraser locations are set to close in the coming month, one of which is to do so next week. The retailer is preparing to shutter its Solihull space on August 28, while its store in Guildford is also planning to close its doors on September 30. According to various media reports,...

Retail

House of Fraser closes Westfield store, exits Central London

House of Fraser has finally closed the doors of its last Central London store in Westfield shopping centre, Shepherd’s Bush. It comes as the multi-brand retailer exited from its Oxford Street location in 2022, as well as a further centrally located store three years prior. Initially reported by This is Money, the Frasers Group-owned brand now...

Retail

House of Fraser to shutter London Oxford flagship in January

House of Fraser’s London Oxford flagship will be shuttered for good in January. The department store, which has been trading for over two decades, was purposed built in 2001. The Art Deco building will transformed into an office block with ground floor shops and roof top restaurant. It marks the end of an era for Oxford Street, which has lost...

Fashion

House of Fraser jumps on loungewear trend with ‘In-In’ collection

House of Fraser is the latest brand to embrace this year’s skyrocketing loungewear trend with the launch of a new ‘In-In’ collection “encouraging people to get dressed up in the comfort of their own homes” as the festive party season begins. The 44-piece loungewear collection, which includes a range of styles from satin chemises to velvet robes,...

BusinessFeatured

Sports Direct's H1 profits rise, bullish on recovery at House of Fraser

Group revenue for the first half year at Sports Direct International was up 14 percent to 2,043.5 million pounds (2,740 million dollars), which the company said was largely due to acquisitions contributing 222.5 million pounds, growth in premium lifestyle, growth in wholesale and licensing and the full period of revenue from House of Fraser....

Business

Sports Direct to rebrand as Frasers Group

Sports Direct International is to rebrand as Frasers Group in December as part of the company’s elevation strategy. The UK sportswear giant is expected to formally rebrand after its shareholder meeting 16 December. Following its acquisition of House of Fraser, Sports Direct is upgrading its profile and consumer position, which also owns luxury...

Business

South African fashion retailer Truworths lowers earnings forecast

New York – The South African apparel retailer Truworths International Ltd has issued a reviewed earnings forecast, lowering its core earnings. The fashion group took a 97 million pound impairment charge related to its Office shoe chain in Britain, as explained in a corporate announcement echoed by Reuters. The publicly traded company (South...

ResearchPress Release

DRASTIC CHANGES NEEDED AT HOUSE OF FRASER TO ENTICE SHOPPERS BACK, SAYS GLOBAL DATA

To give House of Fraser the best chance of survival, Sports Direct and its owner Mike Ashley must make drastic changes to both its product proposition and store environment to entice shoppers back says GlobalData, a leading data and analytics company. This will require significant investment – something which the chain has been starved of in...

Business|ANALYSIS Featured

House of Fraser on the lookout for eleventh hour salvation after C.Banner walks away

British fashion retailer House of Fraser has seen its future compromised after Chinese investment firm C.Banner walked away from a rescue deal that included acquiring a majority stake in the apparel chain as well as a 70 million pounds cash injection. C.Banner was thought to have planned to take control of the struggling department store chain...

Business|ANALYSIS Featured

House of Fraser looking for the eleventh hour escape from going into administration

In an attempt to revert its failed financial plans, the department store chain has launched a dramatic restructuring that involves closing more than half of its 59 stores to cut costs. The plan has angered landlords and investors alike, prompting House of Fraser management to seek for support from the Government. Back in May, it was announced...