Struggling Debenhams faces a fresh challenge with credit insurers tightening up the terms for its suppliers, suggesting a lack of confidence in its turnaround. But the company has denied it’s facing a cash crunch.
The long-running story around the decline of what once were some of the most important brands in UK womenswear looks like it's reaching its end with administrators having failed to find a buyer for Calvetron Brands.
The giant Meadowhall mall in Sheffield saw its “most successful” Eid al-Fitr marketing campaign to date, with sales and footfall during the Eid weekend rising and fashion stores seeing higher turnover
House of Fraser will live to fight another day. Despite doubts around its CVA plan, creditors voted in favour of it on Friday which means it will now close 31 stores, reducing its size by more than half in the process.
As House of Fraser prepares for one of the most important days in its 170-year history (with its creditors voting on its CVA Friday) the company has released a broad outline of its new product and trade strategy.
Struggling Australian department store chain Myer could be looking to sell some of its brands with new chief executive John King reportedly mulling the disposal of Sass & Bide, Marcs and David Lawrence.