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The Selfridges and John Lewis stores on Oxford Street will be among the hardest hit retailers in London’s West End when the latest business rates hike takes effect in April.
House of Fraser has secured a new long-term lease for its store in Belfast’s Victoria Square shopping centre and is planning a £10m refurbishment.
House of Fraser’s distribution centre in Wellingborough, run by XPO Logistics, will close this spring after months of uncertainty, leaving up to 280 workers without jobs.
Sports Direct owner Mike Ashley’s growing group of businesses captured 3.2% of all UK non-food retail spend in 2018, new research has shown.
Sports Direct and Intu have agreed to keep the four House of Fraser stores in the shopping centre owner’s malls open.
Sales at House of Fraser reportedly plummeted 60% year on year in the run up to Christmas.