House of Fraser tackles tough trading
Department store chain House of Fraser has warned of “challenging trading conditions” after unveiling a slip in sales in recent weeks.
The Jenners owner reported flat sales over the six months to the end of July and said trading had worsened since then amid weak consumer confidence and the disruption of a store revamp plan. There was a 2 per cent drop in sales over the eight weeks to 24 September.
Chief executive Nigel Oddy said: “We have, like many of our peers, experienced an extremely volatile trading environment since the final quarter of fiscal year 2016, and we expect this uncertain... read more
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