Thread: Changes on the High Street
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Old 07-01-2018, 10:59   #17
1andrew1
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Re: House of Fraser in trouble...
At the other end of the price spectrum, New Look is not looking good either.
Quote:
New Look’s precarious finances are set to come under more pressure after the withdrawal of credit insurance to many of its suppliers.
The development is a further blow for the ailing fashion retailer, which is struggling with falling sales and a debt burden of more than £1bn.
The chain’s deepening woes come at a bleak time on the high street. Debenhams saw its market value drop by almost a fifth last week after it issued a Christmas profit warning, while House of Fraser confirmed that it had been forced to ask some of its landlords for rent cuts.
https://www.thetimes.co.uk/edition/b...over-cmmzxj60k
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