House of Fraser has revealed its CVA and the worst fears of its staff and landlords have been realised as it has confirmed that it wants to close 31 stores, including its longstanding flagship on London's Oxford Street.
House of Fraser kept everybody who is following the story of its CVA plans on tenterhooks Wednesday with the expected update not materialising by close of business but rumours suggested over half its stores will close.
French retailer Carrefour, which opened its first high-tech store in Shanghai last month in partnership with tech giant Tencent, sees China as the ideal location to develop new methods for attracting shoppers.
South London's planned new £1.4bn mall in Croydon will be anchored by a co-located John Lewis and Waitrose store with the chains being the most requested names consumers wanted to be added to the development.
Department store numbers have plummeted in England over the last decade. And it looks like they'll continue to fall as House of Fraser prepares to shut a number of stores and as Debenhams also plans closures.