High - street convenience store chain House of Fraser is shutting 31 of its 59 shops across the UK and Ireland , putting 6,000 jobs at risk . Its retailer , China 's Sanpower , has agreed a rescue package that will see only the most modern stores and those in large shopping malls remain open . It is also requesting a 25 % rent cut on 10 of its shops . HoF is the latest high - street retailer to buckle under the rise of online retailers and comes the same day that budget chain management revealed it is appointing administrators , putting 5,000 jobs on the line .
High-end department store chain House of Fraser is shutting 31 of its 59 shops across the UK and Ireland, putting 6,000 jobs at risk. Its owner, China's Sanpower, has agreed a rescue plan that will see only the most modern stores and those in large shopping malls remain open. It is also requesting a 25% rent cut on 10 of its shops. HoF is the latest high-street retailer to buckle under the rise of online shopping and comes the same day that budget chain Poundworld revealed it is appointing administrators, putting 5,000 jobs on the line.