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House of Fraser's outlook downgraded to "negative"

Thursday 19 January 2017 - Posted by Ben Stevens

House of Fraser’s credit rating outlook has been downgraded by ratings agency Moody’s, as pressures from the weak pound and reduced consumer spending continue to mount. Despite positive Christmas sales, Moody’s has lowered the department store’s outlook rating from “stable” to...

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House of Fraser welcomes "record sales figures"

Wednesday 11 January 2017 - Posted by Ben Stevens

House of Fraser's Christmas trading update has revealed record sales amid a troubled quarter. In the six weeks to December 31 the department store chain posted a 2.7 per cent rise in like-for-like sales alongside a gross margin growth of one per cent. According to the retailer...

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House of Fraser opens first standalone shop in China

Thursday 22 December 2016 - Posted by Elias Jahshan

Department store chain House of Fraser has just opened its first-ever bricks-and-mortar store in China. The retailer, owned by Chinese conglomerate Sanpower Group, has opened in Sanpower Plaza in the commercial zone of Nanjing, the capital city of Jiangsu province with a popul...

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House of Fraser to reveal transformative five-year strategy in February

Wednesday 07 December 2016 - Posted by Elias Jahshan

House of Fraser has recruited consultants to put together its new five-year strategy that would reportedly include improvements to its supply chain efficiency and distribution network. According to Retail Week, the strategy – to be revealed in February – also includes putting ...

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House of Fraser boss quits amid internal "meltdown"

Monday 28 November 2016 - Posted by Ben Stevens

An internal row has led to the resignation of House of Fraser’s chief executive Nigel Oddy. Oddy is understood to have handed in his notice at the department store giant after two years in the role, according to The Sunday Times. In 2014 the 167 year old company was bought by ...

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"Super Hamleys" opens in China

Tuesday 04 October 2016 - Posted by Ben Stevens

Heritage British toy brand and retailer Hamleys has opened a new flagship store in China. Situated in Xinjiekou Sanpower Plaza in Nianjing, the store - dubbed "super Hamleys" - opened last weekend on National Chinese Day (October 1) and spans four floors and 7000sq m. Its famo...

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Sanpower could sell House of Fraser stake to Hamleys owner

Monday 25 April 2016 - Posted by Veebs Sabharwal

Sanpower, the Chinese owner of House of Fraser, is in discussions to sell a stake in the department store chain just two years after a £480m buyout. The Chinese conglomerate, which is chaired by Yuan Yafei, bought House of Fraser in 2014 through its subsidiary Nanjing Xinjieko...

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House of Fraser Christmas trading driven by Black Friday online sales

Monday 11 January 2016 - Posted by Veebs Sabharwal

As retailers post a mixed bag of Christmas trading results, Sanpower owned House of Fraser has recorded healthy sales figures for the festive period. From the week of Back Friday to 2 January, like-for-like sales were up 5.3%. On Black Friday itself total sales were up 10% on ...

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Sports Direct wants Lillywhites on House of Fraser floor space

Monday 16 November 2015 - Posted by Veebs Sabharwal

Sports Direct boss Dave Forsey has supposedly held secret discussions with House of Fraser. These reportedly relate to the implementation of London’s Lillywhites shop-in-shops in some of the British retailer’s department stores. Mike Ashley, Sports Direct’s Deputy Chairman and...

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Toy wars between competing retail giants

Wednesday 19 August 2015 - Posted by Editorial Assistant

Hamleys has received bid interest from Gulf Greetings, the Middle Eastern owner of rival toy retailer The Toy Store, as reported by Retail Week. It is understood that The Toy Store’s owner has sent a letter of intent to Hamleys’ owner Ludendo signalling its interest in acquiri...