House of Fraser is planning to bring out a new service that delivers customers their products within 13 hours of ordering, and even before they leave to go to work.
Department store House of Fraser is to next month open its first multichannel store in another retailer's premises, following a partnership with Caffè Nero. The result will be a concept store that mixes House of Fraser's shopping technology with Nero's relaxed, coffee shop feel.
Premium department store House of Fraser on Wednesday revealed online sales excluding VAT were up 29 per cent for its first half to 26 July, and now represent 14.2 per cent of sales. Like-for-like sales rose 4.2 per cent, with the continued growth of House of Fraser’s in-house brands up 10.7 per cent.
Yuan Yafei, chairman of Sanpower Group, the largest shareholder of Nanjing Cenbest, said he was “delighted” to complete the purchase of House of Fraser on Tuesday, adding: “It is an unprecedented transaction and the largest acquisition of a foreign retailer by a Chinese listed company."
It was announced on Friday that Nanjing Xinjiekou Department Store were to add $245 million to wholly-own subsidiary Cenbest – in order to pay for its 89 per cent of Highland Group Holdings of England as well as other overseas acquisitions.
A new study from PricewaterhouseCoopers finds only 22 per cent of the chief executives it interviewed believed improving their website and online offering would have a direct impact on their business.
Tesco has paired up with House of Fraser to sell the department store’s products through the Tesco Direct website as it looks to expand its online offering and counteract falling sales.
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