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House of Fraser in trouble...
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Old 26-08-2018, 09:40   #181
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Re: House of Fraser in trouble...

Quote:
Originally Posted by 1andrew1 View Post
And a Sports Direct mug. 😉
No that goes in the bin..
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Old 09-09-2018, 19:42   #182
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Re: House of Fraser in trouble...

Debenhams calls in KPMG to assess future options.

https://www.bbc.co.uk/news/business-45463870

Quote:
Industry insiders say the firm and KPMG are looking at a number of potential options, including a company voluntary arrangement (CVA), but it is just one possible measure under consideration.
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Old 09-09-2018, 20:41   #183
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Re: House of Fraser in trouble...

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Originally Posted by denphone View Post
Debenhams calls in KPMG to assess future options.

https://www.bbc.co.uk/news/business-45463870
Hands down who doesn't anticipate a few store closures.
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Old 09-09-2018, 20:51   #184
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Re: House of Fraser in trouble...

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Originally Posted by 1andrew1 View Post
Hands down who doesn't anticipate a few store closures.
The trouble is with HOF and Debenhams is many of their stores are too big for the modern age and both have been very slow to react to the huge structural retail changes that has happening in the last decade or so.
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Old 10-09-2018, 21:50   #185
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Re: House of Fraser in trouble...

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Originally Posted by denphone View Post
The trouble is with HOF and Debenhams is many of their stores are too big for the modern age and both have been very slow to react to the huge structural retail changes that has happening in the last decade or so.
Debenhams hasn't been able to alter its leases as it is has been profitable. And some leases are very long term. At the time, those who negotiated its long-term leases were applauded for getting great deals. They couldn't and didn't predict the internet.
House of Fraser could have invested more in its website earlier but has been hindered by a succession of short-term owners including a Chinese firm who promised the earth but just invested its UK profits in Chinese stores. Ironically, "lefty" staff-owned John Lewis has made the correct moves.
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Old 10-09-2018, 22:12   #186
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Re: House of Fraser in trouble...

The biggest problem in very greedy landlords.

My local shopping centre a few years back wanted £10k a month, small businesses struggled.
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Old 10-09-2018, 22:53   #187
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Re: House of Fraser in trouble...

Quote:
Originally Posted by Hom3r View Post
The biggest problem in very greedy landlords.

My local shopping centre a few years back wanted £10k a month, small businesses struggled.
Internet is far, far above that issue probably followed by poor deals that shops signed up to. If landlords charge too much, shops will close down or relocate.
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Old 11-09-2018, 04:56   #188
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Re: House of Fraser in trouble...

Quote:
Originally Posted by Hom3r View Post
The biggest problem in very greedy landlords.

My local shopping centre a few years back wanted £10k a month, small businesses struggled.
Sadly in many town centres we all can all see the consequences of that.
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Old 22-10-2018, 11:07   #189
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Re: House of Fraser in trouble...

Quote:
Quote from City A.M.:

Debenhams is expected to announce further store closures on top of the 10 it already has planned, as it presents its full-year results on Thursday.

The beleaguered retail giant, which has issued three profit warnings and has lost two-thirds of its share price since the start of 2018, is looking to save £30m by axing dividends, sources told City A.M.
Reports from other sources suggest up to 60 stores may face the axe.
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Old 22-10-2018, 11:10   #190
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Re: House of Fraser in trouble...

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Originally Posted by heero_yuy View Post
Reports from other sources suggest up to 60 stores may face the axe.
From where l am looking the omens don't look good.
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