House of Fraser: Five things that went wrong

House of Fraser: Five things that went wrong
 

Department store chain House of Fraser has finally lost its battle to stay afloat.
The retailer said on Friday it was appointing administrators after giving up the fight to save the business.
In a statement, it said that talks with investors and creditors had "not concluded in a solvent solution".
House of Fraser employs 17,500 people, including 11,500 concession staff.
So what went wrong for the retailer?
1. The internet New technology has had a disruptive influence on the High Street in general, with digital retailers such as Amazon dealing a savage blow to traditional... read more

 
10 August 2018 in Business, Views: 52
Source: BBC
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