House of Fraser reports 29% online sales hike in first half results
House of Fraser has reported a 29 per cent spike in online sales in the first half of the year, accounting for 14.2 per cent of overall sales.
The department store, which was bought by Chinese retail conglomerate Nanjing Cenbest earlier this month for £480m, saw total gross transaction value reach £542m, driven by a 4.2 per cent rise in like-for-like sales.
Adjusted Earnings before interest, taxes, depreciation and amortization (EBITDA) rose in the first half to £8.6m – up from £7.5m in the same period last year, which the company attributed to continued investment in its House brands and Read full story ›
Source: The Drum
