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In the week leading up to Black Friday, one by one retailers are unveiling their discounts. Drapers brings you a roundup of the latest offers.
The House of Fraser stores in Nottingham, Norwich, the Lakeside shopping centre in Essex and Metrocentre in Gateshead will close in the new year after Sports Direct failed to agree a deal with landlord Intu, Drapers can reveal.
House of Fraser may be set to announce a fresh round of store closures, after landlords reportedly refused to agree to owner Mike Ashley’s new leasing terms.
Mulberry made a loss before tax of £8.2m for the six months to 30 September 2018, up from a loss of £600,0000 for the same period in 2017, following House of Fraser’s fall into administration and costs associated with launching into Korea.
House of Fraser’s Manchester store will close in January.
Mike Ashley has vowed to create the “Harrods of the North” after he secured the freehold for House of Fraser’s Glasgow store in a £95m deal.
Sports Direct owner Mike Ashley is understood to be in discussions to buy the freeholds of several House of Fraser stores.
The House of Fraser store in Exeter is reportedly set to close in January.
House of Fraser suppliers and industry sources expressed little surprise today as Sports Direct owner Mike Ashley culled senior management at the troubled department store chain.
Mike Ashley’s Sports Direct has sacked the entire senior management team at House of Fraser weeks after it bought the troubled department store.
Anya Hindmarch has reported pre-tax losses of £28.2m in the year to 30 December 2017, as the luxury handbag and accessories brand reduced its physical footprint.
The owner of The Brunel shopping centre has hit out at Sports Direct’s decision to close the Swindon branch of House of Fraser.
House of Fraser is to close three stores imminently after owner Mike Ashley said he was unable to agree terms with “greedy landlords”.