The very public apology made by Frasers CEO Mike Ashley on Friday underlines the importance of good PR during the coronavirus crisis and an analyst has said that "exemplary ethics will pay off" once the outbreak is over.
Shortly after the closure of non-essential retailers was ordered on Monday to curb the spread of coronavirus, the parent company of Sports Direct wrote to its staff to say the next day would be business as usual.
House of Fraser’s owner Sports Direct vehemently denied a report on Monday that most stores will close after the Christmas trading period as it responded to a story suggesting HoF was ready to exit most of its stores.
To coincide with its recent arrival on the Oxford Street fashion scene, luxury retailer Flannels has partnered with 10 international designer labels and will be dropping exclusive styles over the coming weeks.
Buying House of Fraser and ultimately loss-making stakes in firms like Debenhams and MySale may have been a chastening experience for Sports Direct boss Mike Ashley, but it hasn't stopped him from looking for more buys.
Three years after acquiring a store on the corner of Oxford Street and Poland Street, luxury retailer Flannels has finally joined the selection of global brands on London’s leading shopping thoroughfare.