💨 Abstract

An iconic department store, House of Fraser, has closed its Lincoln High Street location after over 100 years. The building, previously owned by Radisson, faced redevelopment challenges, and the hotel proposal expired. The closure is part of a broader trend of retail declines due to inflation, increased staff costs, and the rise of online shopping. The British Retail Consortium warns of significant financial pressures ahead, including rising minimum wages and employer NICs.

Courtesy: Victoria Taylor