House of Fraser cashes in on Christmas as Bank Fashion collapses

It's a dog-eat-dog world in retail right now, as Black Friday sorts the wheat from the chaff.

by Rachel Savage
Credit: James Petts/Flickr
Credit: James Petts/Flickr

Christmas results from retailers are trickling in and so far they’re from the winners: John Lewis and now House of Fraser. The department store reported record seasonal revenues, boosted by booming online sales and, you guessed, it Black Friday.

The chain’s like-for-like sales in the six weeks to January 3rd rose 8%. Online sales jumped 31.2%, although the company, majority-owned by Chinese conglomerate Sanpower since last April, conveniently didn’t give actual numbers, so that could be from a tiny base.

Black Friday, meanwhile, was bubblier than, well, bubbly: online sales were 125% higher than in 2013, also smashing the previous daily record by 70%.

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