Changes on the High Street
The chain has written to landlords asking for rent reductions amid growing fears of retail casualties, Sky News learns.
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Re: House of Fraser in trouble...
I'm surprised they've lasted this long. They seem to be stuck in the past sadly. Let's hope they survive.
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Re: House of Fraser in trouble...
They join Debenhams and the defunct BHS in not restructuring deep or fast enough to meet the changed shopping environment.
M&S must also be considered as vulnerable. |
Re: House of Fraser in trouble...
Where there is more competition in one form or another, it is inevitable that some firms will go to the wall. The most likely being ones that have allowed their costs to rise before the increased competition came along. They do not have the capacity to reduce their costs. Their options for "austerity" are limited. No amount of restructuring can change any of that.
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Re: House of Fraser in trouble...
Not surprised to be honest. Local store often has vast areas empty, the shopping centre will be stinging them for the size of unit they have. Only go in to the cafe these days and that is going down hill, one thing I do miss is BHS for a Saturday morning brekkie in town.
Lets hope they are not the next victim. |
Re: House of Fraser in trouble...
Online shopping probably hasn't helped.The high street stores that are surviving are the ones who have an online presence.
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Re: House of Fraser in trouble...
House of Fraser will probably be the first of many seeking rent reductions and closing stores.
Three main reasons though each company has unique circumstances. 1) Growth of online shopping eg Asos, Amazon, Very. 2) Increase in costs for retailers following devaluation of the Pound, business rates hike in London and the south plus the difficulty in passing these increased costs on for discretionary items like fashion. 3) Squeeze on consumers' disposable income through increase in costs like food, petrol and rail fares but no uplifts in salaries. |
Re: House of Fraser in trouble...
So what else is going to go in town centres ? There's only so much coffee, and mobile phones we can buy...
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Re: House of Fraser in trouble...
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Most popular new shops are vaping shops. Replacement to shops seem to be the above plus housing and entertainment. Any others?? |
Re: House of Fraser in trouble...
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Re: House of Fraser in trouble...
Those that they are renting from demand guaranteed high returns. This is causing many other shops to go to the wall too. Add on the big hike in Business Rates demanded by councils, and the decline of the High Street is assured.
It's "craft" beer bars that are replacing many here. Glorified homebrew at high prices. |
Re: House of Fraser in trouble...
Cannot ever say I have ever shopped there.
I have to say, I’m pleasantly surprised. This threads replies are in double digits and not a sign of the ‘B’ word, being thrown as a cause... :) |
Re: House of Fraser in trouble...
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Re: House of Fraser in trouble...
Even Debenhams is a load of crap. See the the sale signs, walk in, and always walk out with nothing. Department stores have had their day. Got some good sale deals at Next this year, not somewhere I'd usually go to.
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Re: House of Fraser in trouble...
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This is a interesting report though it might take a bit of time for one to read it. https://content.historicengland.org....wn_centre.pdf/ |
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