Back on 5th May 2016 I wrote on this thread (in response to a move by FCCN into home furnishings)... What is interesting is the move into furniture with the "home" section. Since Habitat went into administration in 2011 (and bought by Home Retail Group), there has been a gap in the home furnishings market for a "design-led premium brand". There is a lot of focus on Sainsbury buying the Home Retail Group for the Argos brand, but I think they are really after the Habitat… Read More
Well not much of shakeout after Sunday Telegraph article. It been long reported that FC wanted to renegotiate leases, it was quoted they have made some progress on the Oxford Street lease, leading to critical article. Let's wait for fuller story tomorrow.
Not expecting great news here, key update for me will be if the wholesale business returned after a 17% decline in SS16, how the online performance faired and if the margin performance held up after increased discounting?
Viewing the online site, I'd have to agree with the activist investors that the brand as too much depth in stock, continuing to produce similar product lines with slight variations, Reiss / Ted look to be years ahead in appeal and style.
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