House of Fraser saw Christmas sales rise |
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| Sunday, 06 January 2008 | |
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House of Fraser defied the high street gloom and saw sales rise over the key Christmas and New Year trading period. On a like-for-like basis,
sales were up 2.4 per cent up on the same period last year in the five weeks to January 3, 2008.
Don McCarthy, the chairman of House of Fraser, said: “The strong Christmas trading period has been a superb end to effectively our first year in control of House of Fraser. We have seen both like-for-like sales growth and an improvement in our margins despite the general tough retail trading environment.” McCarthy claimed that the retailer had reduced the number of sale days, which had the effect of improving margins. House of Fraser has long been one of the best known names on the UK high street and is home to many of the world’s most famous brands, from Chanel and Estee Lauder to Prada and Max Mara. With 61 locations across the country, House of Fraser has presented customers with an unrivalled national department store for more than 150 years. House of Fraser currently operates 61 stores in the UK and Ireland, with 4 new openings planned for 2008, including Belfast, High Wycombe, Bristol and London White City. The group reports annual sales in excess of £1.25bn. |
