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Frasers bounces back

Improved results were helped by easier trading conditions, but a reliance on the high street could prove problematic
December 10, 2021
  • Revenue up by a quarter
  • Premium lifestyle a significant growth area

High street retail in the age of Covid is riddled with uncertainty. Retail group Frasers (FRAS), which owns brands such as House of Fraser, Sports Direct and Jack Wills, posted robust revenue and profit growth in its half-year results against restriction-scarred comparatives. But it also lodged £135m of impairments against property assets due to the impact of the pandemic and its traditionally bemoaned business rates.

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