Home / Knowledge / News / Apparel/Garments / House of Fraser posts record breaking online sales
House of Fraser posts record breaking online sales
02
Jan '14
House of Fraser, the UK and Ireland’s premium department store group, provides an update on its best ever Christmas trading period. 

Trading highlights include:

- Like-for-like sales (ex VAT) for the first 9 weeks of the fourth quarter up 4.3% and cash gross margins up 8.7% driven by a rate increase of 140 basis points.

- Best ever Christmas trading period, with like-for-like sales (ex VAT) for the 3 weeks to 28 December 2013 up 7.3% and cash gross margins up 11.9%;

- Positive sales performance in stores, up 3.0% for the 3 weeks to 28 December 2013, with record sales performance in Glasgow, Belfast and Oxford Street, up 10.6%, 8.3% and 6.9% respectively;

- Record breaking online sales, up 57.7% for the 3 weeks to 28 December 2013, with Beauty sales up 77.0%;

- Sales growth delivered in all routes to market with a particularly strong performance in House Brands, up 22.8% for the 3 weeks to 28 December 2013; and

- Sales growth delivered in all categories, with a particularly strong performance across Fashion up 9.8% with Beauty and Home also up 6.7% and 1.1% respectively for the 3 weeks to 28 December 2013.

John King, CEO of House of Fraser said:

“We are delighted with our Christmas trading and are pleased to report another record performance despite a more competitive environment. November trading was strong, in terms of both sales and margin growth, with a similar promotional programme. As we expected, the peak Christmas trading came late, however it was the best we have ever recorded.

We remain clearly differentiated with our leading branded fashion offer representing approximately two thirds of our sales.  We are particularly pleased that this key part of our business was up nearly 10% over the peak period and clearly outperformed the market.

This performance demonstrates the success of our strategy to continuously improve our online proposition, develop both our House Brands and premium branded proposition and invest in our stores to give our customers the best possible shopping experience. I would like to thank all of our staff and brand partners for their hard work and support over this period.

With the record sales and margin performance in the period and a close focus on operational efficiencies, we expect to report a further growth in full year earnings. Given the sales performance, we also expect to finish the year with a cleaner stock position and lower net debt and are well placed to deliver further growth in 2014.”

House of Fraser


Must ReadView All

Courtesy: BekaertDeslee

Textiles | On 23rd Oct 2017

BekaertDeslee to expand North American facility

BekaertDeslee, one of the largest manufacturer of mattress textiles...

Courtesy: A&E

Textiles | On 23rd Oct 2017

A&E unveils Magic using Repreve sewing thread

American & Efird (A&E), a leading developer of industrial and...

Courtesy: Messe Frankfurt

Textiles | On 23rd Oct 2017

Over 4,000 exhibitors attend Intertextile Shanghai 2017

Another successful Intertextile Shanghai Apparel Fabrics has wrapped...

Interviews View All

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
76.1%
No
12.7%
Skip
11.3%

Total Votes: 71

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
28.2%
Skip
9.9%

Total Votes: 71

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.9%
No
9.9%
Skip
4.2%

Total Votes: 71

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
76.1%
No
11.3%
Skip
12.7%

Total Votes: 71


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search