Home News Forum Articles
  Welcome back Join CF
You are here You are here: Home | Forum | House of Fraser in trouble...

You are currently viewing our boards as a guest which gives you limited access to view most of the discussions, articles and other free features. By joining our Virgin Media community you will have full access to all discussions, be able to view and post threads, communicate privately with other members (PM), respond to polls, upload your own images/photos, and access many other special features. Registration is fast, simple and absolutely free so please join our community today.


Welcome to Cable Forum
Go Back   Cable Forum > General Discussion > Current Affairs

House of Fraser in trouble...
Reply
 
Thread Tools
Old 06-01-2018, 13:58   #16
Carth
cf.addict
 
Join Date: Jul 2004
Location: At the Leaving door
Posts: 427
Carth has much to be proud ofCarth has much to be proud ofCarth has much to be proud ofCarth has much to be proud ofCarth has much to be proud ofCarth has much to be proud ofCarth has much to be proud ofCarth has much to be proud ofCarth has much to be proud ofCarth has much to be proud of
Re: House of Fraser in trouble...

I must admit I'm an old fogey . . I always have a preference to see and feel things I want to buy in order to judge better if they're worth it. Obviously this means that online shopping is not something I take to easily.

I guess it's fine for those who are willing to wait a week for a purchase to arrive, and then have the calm and forgiving attitude required to return said item if it's wrong or damaged when (if) it arrives.

yes yes yes, change with the times you old luddite but we seem to be throwing experienced and helpful retail staff onto the dole and replacing them by an ever growing army of low paid (or self employed) delivery drivers working to tight schedules.

goodbye high street shopping . . hello night clubs, pound shops, and fast food take-aways
__________________
The trouble with having an open mind, of course, is that people will insist on coming along and trying to put things in it - 'T. Pratchett'
Carth is offline   Reply With Quote
Advertisement
Old 07-01-2018, 10:59   #17
1andrew1
cf.mega poster
 
Join Date: Dec 2013
Posts: 4,962
1andrew1 has reached the bronze age
1andrew1 has reached the bronze age1andrew1 has reached the bronze age1andrew1 has reached the bronze age1andrew1 has reached the bronze age1andrew1 has reached the bronze age1andrew1 has reached the bronze age1andrew1 has reached the bronze age1andrew1 has reached the bronze age1andrew1 has reached the bronze age1andrew1 has reached the bronze age1andrew1 has reached the bronze age
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
1andrew1 is offline   Reply With Quote
Old 07-01-2018, 11:42   #18
denphone
Still alive and happy
 
denphone's Avatar
 
Join Date: Jun 2007
Location: In the land of beyond and beyond.
Services: XL BB, 2 V6 boxes , XL TV.
Posts: 46,944
denphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver bling
denphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver bling
Re: House of Fraser in trouble...

Yes it certainly does not look good for New Look that is for sure.
__________________
“The only lesson you can learn from history is that it repeats itself”
denphone is online now   Reply With Quote
Old 12-01-2018, 09:36   #19
heero_yuy
Perfect Soldier
 
heero_yuy's Avatar
 
Join Date: Mar 2009
Location: Worthing West Sussex
Age: 61
Services: VM 70M SHUB thingy in modem mode XL TV VboxHD Sony Bravia smart TV and M phone
Posts: 14,289
heero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny stars
heero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny stars
Re: House of Fraser in trouble...

Quote:
Originally Posted by denphone View Post
Yes it certainly does not look good for New Look that is for sure.
Quote:
New Look, the fashion retailer, is weighing a plan to close about 10% of its British stores in another sign of the tumult facing the high street.

Sky News has learnt that the South African-owned chain is drawing up proposals for a Company Voluntary Arrangement (CVA), a process often used by struggling retailers to restructure financial obligations to creditors.

Sources said on Thursday night that New Look's CVA plan was not yet finalised and was only one of a number of options under consideration.

A decision about whether to proceed is expected to be t‎aken in the coming weeks, and would require the consent of bondholders.

If it does go ahead with the store closures, roughly one-tenth of New Look's nearly-600 outlets in Britain would be axed, with sizeable rent reductions sought at many of the remaining shops.
Source
__________________
History is much like an endless waltz. The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Kushrenada
heero_yuy is online now   Reply With Quote
Old 12-01-2018, 10:46   #20
denphone
Still alive and happy
 
denphone's Avatar
 
Join Date: Jun 2007
Location: In the land of beyond and beyond.
Services: XL BB, 2 V6 boxes , XL TV.
Posts: 46,944
denphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver bling
denphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver bling
Re: House of Fraser in trouble...

Expect more High Street casualties as the weeks go on..
__________________
“The only lesson you can learn from history is that it repeats itself”
denphone is online now   Reply With Quote
Old 12-01-2018, 16:18   #21
Paul M
Dr Pepper Addict
Cable Forum Team
 
Paul M's Avatar
 
Join Date: Oct 2003
Location: Nottingham
Age: 55
Services: VM Phone : Sky TV : VM Cable (350 Mbps) : Sky BB (38 Mbps)
Posts: 21,876
Paul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny stars
Paul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny stars
Re: House of Fraser in trouble...

I remember once shopping in a House of Fraser, about 30 years ago - they were expensive, and I never used them again.
__________________

Baby, I was born this way.
Paul M is offline   Reply With Quote
Old 12-01-2018, 16:35   #22
denphone
Still alive and happy
 
denphone's Avatar
 
Join Date: Jun 2007
Location: In the land of beyond and beyond.
Services: XL BB, 2 V6 boxes , XL TV.
Posts: 46,944
denphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver bling
denphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver bling
Re: House of Fraser in trouble...

Quote:
Originally Posted by Paul M View Post
I remember once shopping in a House of Fraser, about 30 years ago - they were expensive, and I never used them again.
The internet has changed everything as we all know as High Street business models which worked before are now looking archaic in comparison to their swift online competitor's who have nothing like the overheads the High Street chains have and they don't have inflexible leases or increasing rents either to deal with.
__________________
“The only lesson you can learn from history is that it repeats itself”
denphone is online now   Reply With Quote
Old 12-01-2018, 21:59   #23
Hom3r
All true..Except the lies
 
Hom3r's Avatar
 
Join Date: Mar 2004
Location: Galactic Sector ZZ9 Plural Z Alpha, www.daves-world.co.uk. A secret Moonbase (shh don't tell anybody)
Age: 49
Services: 1 V6 Tivo, 2x1TB Tivo, , SH3. Samsung Galaxy Note 8, 2TB & 3 TB WD NAS, Smart Home stuff, & Cuddy To
Posts: 14,796
Hom3r has a pair of shiny starsHom3r has a pair of shiny stars
Hom3r has a pair of shiny starsHom3r has a pair of shiny starsHom3r has a pair of shiny starsHom3r has a pair of shiny starsHom3r has a pair of shiny starsHom3r has a pair of shiny starsHom3r has a pair of shiny starsHom3r has a pair of shiny starsHom3r has a pair of shiny starsHom3r has a pair of shiny starsHom3r has a pair of shiny starsHom3r has a pair of shiny stars
Re: House of Fraser in trouble...

I buy a lot of stuff from Amazon, last year I spent over £1,800.

But easily saved £500, over shops.

But having Amazon Prime I can order for next day delivery, which is great for mid week.
__________________
Twitter Facebook

My Blog
Hom3r is offline   Reply With Quote
Old 30-01-2018, 10:48   #24
heero_yuy
Perfect Soldier
 
heero_yuy's Avatar
 
Join Date: Mar 2009
Location: Worthing West Sussex
Age: 61
Services: VM 70M SHUB thingy in modem mode XL TV VboxHD Sony Bravia smart TV and M phone
Posts: 14,289
heero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny stars
heero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny stars
Re: House of Fraser in trouble...

Quote:
Originally Posted by denphone View Post
Expect more High Street casualties as the weeks go on..
Another one in trouble:

Quote:
Originally Posted by
The Sun

High Street fashion chain East has gone into administration putting 314 jobs at risk.

The retailer, which first opened its doors in London in 1994, has 34 stores and 15 department store concessions around the UK.

The womenswear chain initially fell into administration in June 2015 but it was rescued by Indian chain store, Fabindia

It closed 15 stores and five concessions in a pre-pack deal.

But a tough trading environment had lead to administrators being called in less than a year later.

The shop remains open while they evaluate options for selling the business.
It's only a small one this time but symptomatic of the hard times for the high street.
__________________
History is much like an endless waltz. The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Kushrenada
heero_yuy is online now   Reply With Quote
Old 30-01-2018, 11:05   #25
denphone
Still alive and happy
 
denphone's Avatar
 
Join Date: Jun 2007
Location: In the land of beyond and beyond.
Services: XL BB, 2 V6 boxes , XL TV.
Posts: 46,944
denphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver bling
denphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver blingdenphone has a lot of silver bling
Re: House of Fraser in trouble...

Quote:
Originally Posted by heero_yuy View Post
Another one in trouble:



It's only a small one this time but symptomatic of the hard times for the high street.
And sadly those times are likely to get harder.
__________________
“The only lesson you can learn from history is that it repeats itself”
denphone is online now   Reply With Quote
Old 30-01-2018, 12:16   #26
Kursk
-.- ..- .-. ... -.-
 
Kursk's Avatar
 
Join Date: Mar 2008
Posts: 2,620
Kursk has disabled reputation
Re: House of Fraser in trouble...

Quote:
Originally Posted by heero_yuy View Post
Another one in trouble:

It's only a small one this time but symptomatic of the hard times for the high street.
An even bigger shock is that The Sun missed the chance to say East has gone West after its profits went South.
Kursk is offline   Reply With Quote
Old 30-01-2018, 13:17   #27
heero_yuy
Perfect Soldier
 
heero_yuy's Avatar
 
Join Date: Mar 2009
Location: Worthing West Sussex
Age: 61
Services: VM 70M SHUB thingy in modem mode XL TV VboxHD Sony Bravia smart TV and M phone
Posts: 14,289
heero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny stars
heero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny stars
Re: House of Fraser in trouble...

Quote:
Originally Posted by Kursk View Post
An even bigger shock is that The Sun missed the chance to say East has gone West after its profits went South.
Probably couldn't work out how to get North in.
__________________
History is much like an endless waltz. The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Kushrenada
heero_yuy is online now   Reply With Quote
Old 30-01-2018, 14:39   #28
Kursk
-.- ..- .-. ... -.-
 
Kursk's Avatar
 
Join Date: Mar 2008
Posts: 2,620
Kursk has disabled reputation
Re: House of Fraser in trouble...

Quote:
Originally Posted by heero_yuy View Post
Probably couldn't work out how to get North in.
An even bigger shock is that neither I nor The Sun took the chance to say East has gone West after its profits went South .
Kursk is offline   Reply With Quote
Old 30-01-2018, 14:40   #29
Paul M
Dr Pepper Addict
Cable Forum Team
 
Paul M's Avatar
 
Join Date: Oct 2003
Location: Nottingham
Age: 55
Services: VM Phone : Sky TV : VM Cable (350 Mbps) : Sky BB (38 Mbps)
Posts: 21,876
Paul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny stars
Paul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny stars
Re: House of Fraser in trouble...

Quote:
Originally Posted by Hom3r View Post
I buy a lot of stuff from Amazon, last year I spent over £1,800.

But having Amazon Prime I can order for next day delivery, which is great for mid week.
I do pretty much the same, at least half (if not more) of my orders are from Amazon - not only do I save money anyway, but I also get a discount on amazon vouchers through work, making them even cheaper. Its all delivered to me as well, saving on fuel and parking expenses.
__________________

Baby, I was born this way.
Paul M is offline   Reply With Quote
Old 31-01-2018, 10:14   #30
heero_yuy
Perfect Soldier
 
heero_yuy's Avatar
 
Join Date: Mar 2009
Location: Worthing West Sussex
Age: 61
Services: VM 70M SHUB thingy in modem mode XL TV VboxHD Sony Bravia smart TV and M phone
Posts: 14,289
heero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny stars
heero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny starsheero_yuy has a pair of shiny stars
Re: House of Fraser in trouble...

Quote:
Quote from The Independent:

Marks & Spencer has announced the closure of up to 14 stores, with 468 jobs affected.

The retailer said the closures were part of M&S's strategy to downsize its clothing & home offering to focus more on food.

The retailer said six stores will close by the end of April: Birkenhead, Bournemouth, Durham, Fforestfach, Putney and Redditch, with all staff moving to nearby stores.

A further eight stores are proposed for closure: Andover, Basildon, Bridlington, Denton (Outlet), Falmouth, Fareham, Keighley and Stockport.

M&S said it will now consult employees in these branches about their future. The company did not confirm how long that process would take.

If the stores do close, staff would be offered the chance to move to other stores before redundancy is considered, M&S said in a statement.

Martin Lane, managing editor of personal finance site money.co.uk said the news was distressing for M&S employees but warned of further redundancies ahead at high-street retailers.

“This is the third time in a matter of weeks we’ve heard of job cuts impacting some of the UK’s biggest stores," he said.
Looks like they've admitted they can't compete in the clothes market.
__________________
History is much like an endless waltz. The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Kushrenada
heero_yuy is online now   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT +1. The time now is 12:55.


Server: xenon.zmnt.net
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2018, vBulletin Solutions Inc.