Next records 12% sales surge in run-up to Christmas Friday, 3rd January 2014
Britain’s second-largest fashion retailer, Next, has described its festive sales as “significantly ahead of expectations” after recording a 12 per cent sales boost. Sales for the period between November 1 and December 24 jumped 12 per cent year-on-year thanks to demand for seasonal jumpers and nightwear.
House of Fraser records best Christmas trading period ever Thursday, 2nd January 2014
A surge in online sales has helped British department stores group, House of Fraser, to its best ever Christmas trading period.
In the three weeks to 28 December, House of Fraser recorded an online sales hike of 57.7 per cent, whilst like-for-like sales excluding VAT also went up by 7.3 per cent for the period.
Like-for-like sales for the first nine weeks of its fourth quarter were up 4.3 per cent, according to the firm.
House of Fraser could list in Q1 as LSE bolstered by new issues Monday, 11th November 2013
House of Fraser could accelerate plans to list on the London stock exchange in time for the first quarter of 2014, as a number of new issues go from strength to strength. By listing early next year, it’s thought the department store could catch the current wave of new issues that saw the successful launch of Royal Mail and Merlin Entertainments.
House of Fraser to launch new men's lifestyle brand Wednesday, 16th October 2013
House of Fraser is set to launch a men's lifestyle brand named Army & Navy this autumn.
House of Fraser considering IPO Monday, 7th October 2013
According to the Sunday Times, House of Fraser is pushing ahead with plans for a stock market floatation which could see the company valued at between £300 million and £400 million. The department store is thought to be in the process of appointing investment bankers to oversee the flotation, with some saying an IPO could come as early as January.
House of Fraser online sales surge 57% for first half Wednesday, 25th September 2013
House of Fraser reports back on an impressive first half performance, as its online operations go from strength to strength.
OFT accuses DB Apparel and three department stores of anti-competitive price fixing Friday, 20th September 2013
Three department stores have today been accused of price fixing with leading underwear brand DB Apparel on a range of Shock Absorber sports bras. Debenhams, House Of Fraser, and John Lewis are all being accused by the Office of Fair Trading of being in serious breach of competition law, by agreeing fixed or minimum prices for the bras.
Matalan heiress looks to rejuvenate Nicole Farhi and Fenn Wright Manson brands Monday, 16th September 2013
Maxine Hargreaves- Adams, the daughter of Matalan founder John Hargreaves and the new owner of Nicole Farhi and Fenn Wright Manson, is said to be busy planning a revival for the designer labels. Based in Monaco, Hagreaves-Adams told the Guardian that she is now looking to expand both fashion brands internationally, after investing more than £5.4 million of her own money into the Farhi and Fenn Wright Manson labels.
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