The value brand said this has been the fastest rollout in retail history. The company wants to be one of the largest clothing retailers in the UK by sales volume and become a £100m annual turnover business.
The shock of the planned House of Fraser closures has been followed up by intense speculation with analysts debating the chances of the firm’s CVA being approved by its creditors, as well as HoF’s long-term prospects.
Struggling Mothercare said Friday that its company voluntary arrangement (CVA) proposals for certain of its subsidiaries had been approved by its creditors. The shares rose despite the firm dropping out of the FTSE100.
Online grocer and technology company Ocado entered Britain's index of biggest companies on Wednesday in a quarterly reshuffle of the FTSE 100 which clearly showed the zeitgeist in a disrupted retail industry.
Department store numbers have plummeted in England over the last decade. And it looks like they'll continue to fall as House of Fraser prepares to shut a number of stores and as Debenhams also plans closures.
News of UK retailers cutting their store estates have dominated the headlines in the lasts weeks, but new research has warned that if department stores don’t improve their websites, their efforts will be in vain.