New data from the British Retail Consortium and Sensormatic shows UK retail footfall fell year on year in February as heavy rain kept shoppers away from physical stores.
The company said 12 Saks Fifth Avenue stores and three Neiman Marcus locations will shut.
The company expects identical sales excluding fuel to grow between 1% and 2% in 2026.
The deal would also make Frasers Puma’s second-largest shareholder behind the Pinault family.
Deissner informed the company’s supervisory board that he intends to hand over the CEO role during 2026.
Total sales for the November 2025 to January 2026 period increased 2.9% compared with the same three-month period in the previous year.
