Not an obvious correlation between the "pile em high sell em cheap" ethos of Sports Direct, and House of Fraser which sells expensive and exclusive products to well heeled shoppers...
And does the UK need more Sports Direct shops if that is his intention?
so he gets a nationwide major high street chain, albeit a bit tatty and aging, for the price of a decent midfielder and striker .. let's hope that he can save the 1,000s of jobs that are presently at risk
so he gets a nationwide major high street chain, albeit a bit tatty and aging, for the price of a decent midfielder and striker .. let's hope that he can save the 1,000s of jobs that are presently at risk
to be fair to MA the jobs would be more at risk if he hadnt bought HOF
so he gets a nationwide major high street chain, albeit a bit tatty and aging, for the price of a decent midfielder and striker .. let's hope that he can save the 1,000s of jobs that are presently at risk
to be fair to MA the jobs would be more at risk if he hadnt bought HOF
Will likely expand Debenhams as I’m sure he is involved with them? Wise move buying up competition
Has already bought up a 30% stake in Debenhams after previously failing to buy them outright. I suspect that he'll keep buying until he's got at least a 51% stake, then there'll be some sort of merger. Prime sites in both chains kept, losers turned into flats or hotels.
Will likely expand Debenhams as I’m sure he is involved with them? Wise move buying up competition
Has already bought up a 30% stake in Debenhams after previously failing to buy them outright. I suspect that he'll keep buying until he's got at least a 51% stake, then there'll be some sort of merger. Prime sites in both chains kept, losers turned into flats or hotels.
Most of their sites are leased so any redevelopment will be potential profit for the freeholders.
I'm really not sure there is demand for the old fashioned department store anymore - especially at the Debenhams/HoF end of the market. Maybe one in each major city but that's about it.
Marks & Spencer are struggling, as are to a lesser extent John Lewis - both being shored up by their food product. Even the top end with the likes of Harvey Nics and Selfridges have had better days.
High Street retail is going through terminal decline.
Will likely expand Debenhams as I’m sure he is involved with them? Wise move buying up competition
Has already bought up a 30% stake in Debenhams after previously failing to buy them outright. I suspect that he'll keep buying until he's got at least a 51% stake, then there'll be some sort of merger. Prime sites in both chains kept, losers turned into flats or hotels.
Most of their sites are leased so any redevelopment will be potential profit for the freeholders.
I'm really not sure there is demand for the old fashioned department store anymore - especially at the Debenhams/HoF end of the market. Maybe one in each major city but that's about it.
Marks & Spencer are struggling, as are to a lesser extent John Lewis - both being shored up by their food product. Even the top end with the likes of Harvey Nics and Selfridges have had better days.
High Street retail is going through terminal decline.
I'm not sure about that either, but Ashley has bought a fair chunk of of the market at knockdown prices recently. I've no doubts that he knows more about the retail business than me, but to my eyes it looks risky given recent trends.
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Just been on House of Fraser’s OS.
F*** all on there.
And does the UK need more Sports Direct shops if that is his intention?
I'm really not sure there is demand for the old fashioned department store anymore - especially at the Debenhams/HoF end of the market. Maybe one in each major city but that's about it.
Marks & Spencer are struggling, as are to a lesser extent John Lewis - both being shored up by their food product. Even the top end with the likes of Harvey Nics and Selfridges have had better days.
High Street retail is going through terminal decline.