
Frasers has big plans for Sports Direct in Manchester and will open a brand flagship in late 2022. It will cover 50,000 sq ft and should be "the pinnacle of Sports Direct’s retail offering”.
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Frasers has big plans for Sports Direct in Manchester and will open a brand flagship in late 2022. It will cover 50,000 sq ft and should be "the pinnacle of Sports Direct’s retail offering”.
There’s no signs of a slowdown in Frasers Group’s expansion plans. Its core athletic sportswear brand Sports Direct is opening another flagship store, this time at the 280,000 sq ft St Anns Shopping Centre in Harrow.
Frasers Group has signalled its intention to table an offer for Footasylum, the up-for-sale retailer forced back onto the market by major rival JD Sports Fashion.
NewRiver has been busy selling off some of its shopping centre interests. The London-based real estate investment trust has sold Poole Retail Park in Dorset and Templars Square Shopping Centre in Cowley, Oxfordshire.
There’s speculation this week that Frasers Group’s majority shareholder Mike Ashley is planning to take the group private after nearly 15 years as a listed company.
UK retail giant Frasers Group saw revenues at its domestic and European operations surging in the half to October. And while its ‘rest of world retail’ division saw a double-digit dip, overall the results looked good.
Fast-expanding Frasers Group has secured nearly £1 billion in fresh funding, with the deal becoming the largest support package in the UK retail sector this year.
It’s soon going to be party time in Portsmouth for River Island. The high street fashion giant is relocating along Commercial Road opening a new 7,602 sq ft flagship store, doubling in size.
Problems with the UK supply chain continue to mount. This time it’s a shortage of warehousing space as the boom in online shopping forces retailers to open bigger distribution centres.
With Frasers Group’s key commitment to “investing in high street retail” the company has appointed Anouska Kapur to its board as a non-executive director to further its commercial real estate ambitions.