All House of Fraser articles
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NewsFrasers Group unveils loyalty scheme across all brands
Frasers Group chief executive Michael Murray has said the retailer is set to unveil a new membership scheme and flexible payments solution, which he described as the retailer’s version of Amazon Prime.
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Analysis
Analysis: How Frasers is plotting a profitable path through cost-of-living crunch
Frasers Group boss Michael Murray explains how it will maintain momentum to navigate its way through the cost-of-living crisis, inflation, supply chain challenges and battered consumer confidence
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News
Frasers posts surge in profits and increases earnings guidance
Frasers Group has recorded a spike in full-year profits and upped its earnings guidance for its current financial year.
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News
Frasers rescues Missguided from administration as boss Murray shakes up leadership team
Frasers Group has bought collapsed online fashion operator Missguided out of administration for £20m.
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News
Ashley’s Frasers Group circles Footasylum
Tycoon Mike Ashley’s Frasers Group is thought to have tabled an offer for Footasylum, which JD Sports has been ordered to sell by the competition authorities.
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News
Frasers profits soar but group warns of Covid and supply chain headwinds
Frasers Group has reported strong revenue rises across its portfolio, but remains “cautious” of the impacts of macroeconomic factors such as a potential lockdown over Christmas.
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Opinion
‘Never mind the closures – openings show West End is poised for bounceback’
When the switch was flicked on London’s West End Christmas lights a couple of weeks ago, it symbolised not just the start of peak trading but brighter prospects for the shopping district.
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News
House of Fraser fury over Oxford Street closure
House of Fraser owner Frasers Group has reacted angrily after its flagship Oxford Street store was served notice to quit the premises.
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News
House of Fraser flagship on Oxford Street to be converted to offices
The famous House of Fraser store on London’s Oxford Street is to become an office-led, mixed-use premises.
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News
Department store numbers plunge 83% since collapse of BHS
More than 80% of the UK’s department stores have been lost since the demise of BHS and many former branches still lie empty.
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Opinion
‘Mike Ashley’s new era at Frasers needs a new generation of leaders’
“He’s the next generation,” Mike Ashley claimed, throwing up his left arm and pointing to the young man sitting beside him.
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News
Exclusive: House of Fraser staff faced with zero-hours contracts ultimatum
Department store chain House of Fraser is understood to have put staff into consultation over a switch to zero-hours contracts in a decision that could potentially affect thousands of roles.
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Deep dive
Deep dive: Curation, destination, imagination – the new department store foundations
How can the retail format be revived to resonate with contemporary and future shoppers?
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Prospect Analysis
House of Fraser (Strategy)
HoF, one of the UK’s biggest department store groups, is at a pivotal point in its history. It needs to re-establish its purpose and direction following the change of ownership. Mike Ashley’s Frasers Group acquired the department store group’s “trade and assets, including the brand, inventory, certain property, plant and equipment, the right to trade from 59 stores and all the staff”.
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Prospect Analysis
House of Fraser (People)
Under Mike Ashley’s ownership, Frasers Group’s head of elevation Michael Murray is at the centre of the department store group’s overhaul. Sports Direct’s head of business development David Epstein also took charge at House of Fraser from the end of 2019, as managing director of the department store operation.
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Prospect Analysis
House of Fraser (Overview)
Department store business House of Fraser (HoF) was acquired out of administration by Frasers Group (formerly Sports Direct) in August 2018. As owner Mike Ashley strives to hone a potentially profitable business out of the beleaguered estate, it remains unclear how many stores the retailer will eventually trade from and how it will distinguish itself in a challenging retail market as competitors also revamp their propositions.
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Prospect Analysis
Stores at House of Fraser
The retailer confirmed in August 2020 that a large number of stores remained on flexible terms whilst long-term lease negotiations continued, but more closures could be expected. So it remains unclear from how many stores the retailer will eventually trade and how it intends to distinguish itself in a challenging retail market.
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Prospect Analysis
House of Fraser (Financials)
For the year ending 24 April 2022 (FY2021), HoF saw its revenue rise 78% to £363.m as sales recovered from temporary store closures the year prior due to the pandemic.
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Prospect Analysis
Ecommerce at House of Fraser
With securing the future of the UK store network the key focus as part of Mike AShley’s Frasers Group, forward plans for House of Fraser’s online business have yet to become apparent.
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