House of Fraser to launch multichannel hub with Caffè Nero partnership Friday, 26th September 2014
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.
House of Fraser sees online sales rise 29% for first half Wednesday, 24th September 2014
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.
House of Fraser sale to Nanjing Xinjiekou completes Tuesday, 2nd September 2014
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."
House of Fraser buyer Nanjing Xinjiekou Department Store transfers funds for purchase Monday, 21st July 2014
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.
Retail chiefs failing to recognise importance of e-commerce Monday, 16th June 2014
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 strikes up deal with House of Fraser to sell products online Monday, 2nd June 2014
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.
House of Fraser to expand into Russia and Abu Dhabi Tuesday, 6th May 2014
House of Fraser has wasted little time setting out expansion plans following its recent takeover by Chinese business tycoon Yuan Yafei.
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