Retail Sector Accounts for Nearly Half of UK Job Losses in 2018
In the UK, nearly 50,000 jobs have been lost this year, with almost half coming from the retail sector,...
House of Fraser
House of Fraser’s CVA Approved: 31 Stores to Close Amid Restructuring Plan
In a major development, House of Fraser's Company Voluntary Arrangement (CVA) proposals have been approved by the company's creditors,...
House of Fraser Renews Strategy Amidst CVA Vote and Potential Store Closures
House of Fraser plans to revamp its product and trade strategy as shareholders vote on a company voluntary agreement...
House of Fraser Secures Loan Extension Amid CVA Vote and Store Closures
In a bid to save House of Fraser from potential collapse, its lenders have agreed on an extension for...
Henri Lloyd Enters Administration, 31 Stores to Close Amid High Street Challenges
Outdoor clothing brand, Henri Lloyd, has entered administration, leading to the closure of 31 stores and putting numerous jobs...
Retailers Under Fire for Misusing CVA Rent Reductions: BPF Calls for Government Review
In a recent statement, the British Property Federation (BPF) has expressed concerns over retailers misusing the Company Voluntary Arrangement...
House of Fraser Closes 31 Stores Amidst Retail Industry Changes
Embattled department store chain House of Fraser announces plans to close 31 stores due to an unsustainable property portfolio....
House of Fraser Faces Potential Store Closures and Landlord Controversy
House of Fraser plans to close around half of its UK stores next month as part of a Company...
House of Fraser Landlords Angered by CVA Rent Reduction Proposals
Tensions rise as House of Fraser faces backlash from landlords over proposed rent reductions in their CVA plan. The...
Northern Ireland’s Retail Struggles Intensify with 7.3% Footfall Drop
In Northern Ireland, retail is struggling with a 7.3% drop in footfall and a 14.2% vacancy rate, higher than...