Mid-market players Marks & Spencer and Debenhams stand to gain the most from the planned closures of 31 House of Fraser stores, should landlords accept its proposed Company Voluntary Agreement.
While M&S has its own well documented problems, shoppers who buy clothes from House of Fraser are more likely to also shop at M&S for clothes than any other retailer and so has the best opportunity to gain market share, followed by Debenhams. If House of Fraser goes ahead with plans to reposition the remaining stores with a more luxury offer, then the impact will be greater as its mid-market shoppers may look elsewhere.
Go deeper with GlobalData
For more insight and data, visit the GlobalData Report Store – Verdict Retail is part of GlobalData Plc.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
Related Company Profiles
Spencer Holdings Limited
Debenhams plc
House of Fraser Limited.
AMP Ltd
MS SA