Is House of Fraser next on the Qatari takeover? Monday, 6th May 2013
Speculation that House of Fraser could be taken over by Qatari investors surges as sources say a deal could be worth more than £300 million. Citing City sources, the Daily Mail this weekend reported Qatari investors had been involved with talks concerning the acquisition of House of Fraser for several weeks.
House of Fraser prepares to make Middle Eastern debut in Abu Dhabi Tuesday, 26th March 2013
Image credit: The Mall at World Trade Centre Aldar
House of Fraser will open its first store outside of the UK and Ireland in Abu Dhabi later this year, as it prepares to anchor The Mall at World Trade Centre. Expected to launch early in the second half of the year, House of Fraser’s new store will occupy three levels, joining H&M, BHS, Ted Baker and Pandora at the new shopping centre.
‘Best ever’ Christmas for House of Fraser as sales rise 6.3% Monday, 7th January 2013
House of Fraser on Monday revealed a 6.3 per cent rise in like-for-like sales excluding VAT over Christmas, in what it described as its ‘best ever Christmas sales period’. The department store group, which operates 60 stores across the UK and Ireland, said it had seen a positive sales performance both in-store and online, with record-breaking online sales up 48 per cent in the 6 weeks to 5 January 2013.
Mike Ashley in talks with Don McCarthy over House of Fraser sale Thursday, 13th December 2012
House of Fraser’s executive chairman Don McCarthy is reported to be involved in talks with a number of interested buyers for the department store, including Sports Direct and its owner Mike Ashley. According to the Guardian, McCarthy would not comment on speculation surrounding the sale, but insisted he would look after the interests of the shareholders.
House of Fraser set for Middle East expansion Monday, 10th December 2012
It’s thought House of Fraser is preparing to take its department stores overseas as it considers a Middle Eastern expansion for 2013. Sources cited by the Sunday Express have said the group expects to test the water next year with its first store opening in Abu Dhabi.
Sports Direct gears up for impressive half year results Monday, 10th December 2012
Sports Direct is preparing for another set of strong figures this week as the UK’s biggest sporting goods retailer prepares to announce its half year results on Thursday. Expectations are high after the a tumultuous year for the sporting goods sector, which saw Sports Direct pay nearly £24 million for the brand, stock, website and 20 stores of collapsed rival JJB Sports.
House of Fraser sales rise 5.4% for third quarter Wednesday, 5th December 2012
House of Fraser saw like for like sales rise 5.4 per cent for its third quarter, with online sales up 50 per cent in the 13 weeks to 27 October. The department store group said store refurbishments had continued to drive a solid performance on the high street, while the continued development of the retailer’s online operations has led to a 56.6 per cent increase in sales growth for the year to the end of the third quarter.
IMRG finds department stores occupy 10 of top 15 retail sites Monday, 26th November 2012
House of Fraser makes it into IMRG's top 50 Hot Shops List. They make up some of the biggest names on the high street, but new research from IMRG finds it’s not all about bricks and mortar, as department stores are going from strength to strength online too. IMRG’s Hitwise Hot Shops List, which measures traffic to retail sites, found department stores as a clear shopping destination of choice for online consumers, occupying 10 of the top 15 spaces in October.
PANDORA and Girls Aloud unveil collaboration to celebrate ten years in the charts Friday, 19th October 2012
Something new for Girls Aloud and PANDORA, as the Danish jeweller on Friday confirmed it would be sponsoring the band for their much anticipated Girls Aloud Ten, The Hits Tour 2013. As part of the collaboration to celebrate ten years since Girls Aloud formed in November 2002, each band member has built their own PANDORA charm bracelet, reflecting their achievements and most memorable moments of the past decade.
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