Fenwick has been struggling for some time and with its shops now closed and it's still-young online operation also not functioning, the family that owns the retailer has ousted its chairman and managing director.
There is nothing like a centenary to focus attention on a brand, especially one on the mend, like Fogal, considered by many as the nec plus ultra of legwear. A brand poised for a notable renaissance, post-coronavirus.
As the number of confirmed coronavirus cases continues to increase across the UK, luxury department stores including Fenwick, Harrods and Harvey Nichols have announced temporary closures and reduced trading hours.
UK department store chain Fenwick is planning to convert 10% of its Bond Street floorspace into offices for rent in a bid to cut costs and create new revenue. Around 3,500 sq ft of floorspace will go, a news report said.
Department stores are the shopping destination of choice for most consumers looking for gifts ahead of Christmas, but a new report has revealed that many of the UK’s biggest names have poor customer satisfaction.