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CommentWire
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Revitalized competition from Marks & Spencer and John Lewis poses even greater challenges for House of Fraser. Baugur intends to scrap retail brands such as Binns, Rackhams and Army & Navy and introduce new overseas clothing brands to stores, but HoF will still struggle to maintain market share in the face of major expansion from its rivals.
Published By Datamonitor
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09 Nov 2006 |
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CommentWire
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House of Fraser has confirmed that it received a 'very preliminary' approach from a potential bidder, understood to be Baugur. The suggestion has been made that Baugur's interest in House of Fraser is being led by its other retail investments in the UK - namely those businesses that have concessions in department stores.
Published By Datamonitor
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04 May 2006 |
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CommentWire
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Reports that House of Fraser is set to demand improved terms from suppliers follow a spate of clothing retailers making similar moves. HoF is already making progress in combating the effects of rising costs, but its recent acquisition by Baugur means that margin improvements will be given even more emphasis.
Published By Datamonitor
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17 Nov 2006 |
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CommentWire
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Rumours of a potential profit warning from House of Fraser come amid constant speculation over the company's future. As various trading updates have shown over recent weeks, the high street as a whole is experiencing increasingly divergent trading. While John Lewis has reported escalating trading as the weeks pass, House of Fraser, is clearly finding the going that little bit tougher.
Published By Datamonitor
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13 Dec 2005 |
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Expert View
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For the last five years John Lewis has been putting its house in order. Company restructuring, store revamps and a product overhaul have drastically updated the image of the business and ensured a devoted following of shoppers. It is therefore unsurprising that the company can no longer see a place in its stable for Caleys of Windsor, one of the UK's oldest department stores.
Published By Datamonitor
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19 Jan 2006 |
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Expert View
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It's been a long time coming, as John Lewis Partnership's management is keen on saying, but their five year effort to reshape the business is bearing fruit. Sales were up 10.6% for the year to January 2007 and the company tops Verdict Research's ranking of customer satisfaction. This will aid its expansion in the UK, but the company should not allow itself to become overambitious.
Published By Datamonitor
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09 Mar 2007 |
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Expert View
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Reporting full year results up to January 2009, the John Lewis Partnership confirmed that tough trading conditions in 2008 had impacted both of its divisions, although department store John Lewis fared worse than supermarket Waitrose. The former's operating profits fell by 27.4% and current trading indicates that there is another tough year ahead.
Published By Datamonitor
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13 Mar 2009 |
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Expert View
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Verdict Research's annual consumer satisfaction index has revealed that Britain's most popular store is John Lewis, with the supermarket Waitrose, also owned by John Lewis Partnership, ranked number two. The results of the survey, combined with strong Christmas sales, show that a good shopping experience is vital to retail success.
Published By Datamonitor
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23 Jan 2006 |
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CommentWire
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John Lewis has managed to be one step ahead of the competition. The retailer spotted the potential for online retailing and even the dot.com bubble bursting could not deter it from its plans. Finally its investment is paying off, making it an even stronger competitor in the department store market.
Published By Datamonitor
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17 Jul 2006 |
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Expert View
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John Lewis Partnership has reported a 10% rise in pre-tax profits to GBP251.8 million for the year ended January 28, and each of John Lewis's 64,000 staff will receive a bonus equal to eight weeks' salary. Despite being a year the company described as its most difficult for 15 years, the group has produced a robust result.
Published By Datamonitor
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10 Mar 2006 |
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