Summary
IT is a sign of the times that House of Fraser is closing its Barkers department store in Kensington, West London. The traditional British department store is part of our heritage, but as the collapse of Allders made painfully clear, the going is tough.
They are pitted against cutprice operators offering wear-itonce fashion and the designer emporia at the other end of the scale. The challenge is made harder by consumers seeking to rebuild their debt- ridden finances and by fears of more terrorist attacks.See the full content of this document
Extract
Why Big Stores Bite the Dust
Chief executive John Coleman took on a heavily-indebted and baggy empire of stores, many of them not even immediately identifiable as belonging to HoF because they had hung on to their local nam...
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