House of Fraser woes down to poor store locations

Blog Post created by PNelson on 12-Jan-2018

CACI data reveals that House of Fraser’s financial troubles, which have prompted a request for rent cuts from landlords, are largely down to the poor location of its stores - 45% of the stores in House of Fraser’s portfolio are located outside the top 75 retail locations, compared with only 19% at main rival John Lewis, while just 29% are located in top-25 locations compared with 44% at John Lewis.  House of Fraser is understood to be looking to reduce its total floorspace by 30%, but experts said it was more likely to sublet space within stores than dispose of stores completely (Property Week)

House of Fraser woes down to store location | News | Property Week