THE MIRROR: House of Fraser set to shut 31 stores including flagship Oxford Street store affecting 6,000 jobs

  • John Pal

Press/Media: Expert comment

Description

John Pal, retail expert at Alliance Manchester Business School, commented: “News that House of Fraser is to close stores comes as no surprise as many retailers grapple with stagnating sales and increasing running costs.

"Once the training budget has been cut, over-time slashed and overall headcount reduced, in both head offices and in stores, it’s time to focus on the big costs of which stores are a main one."

Period7 Jun 2018

Media contributions

1

Media contributions

  • TitleHouse of Fraser set to shut 31 stores including flagship Oxford Street store affecting 6,000 jobs
    Media name/outletThe Mirror
    Media typeWeb
    Country/TerritoryUnited Kingdom
    Date7/06/18
    DescriptionJohn Pal, retail expert at Alliance Manchester Business School, commented: “News that House of Fraser is to close stores comes as no surprise as many retailers grapple with stagnating sales and increasing running costs.

    "Once the training budget has been cut, over-time slashed and overall headcount reduced, in both head offices and in stores, it’s time to focus on the big costs of which stores are a main one."
    URLhttps://www.mirror.co.uk/news/uk-news/breaking-house-fraser-set-shut-12659740
    PersonsJohn Pal
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Keywords

  • retail industry
  • House of Fraser