it happened with maplin. we remember yea rs happened with maplin.rths fell down for the most high streets now have big gaps. footfall is much lower. most people are going online.|j big gaps. footfall is much lower. most people are going online. i am still missing my pick and mix from the woolworth days. for my share ashley —— for mike ashley, it is a bit of a risk. to put so much money behind a failing brand. he seems to behind a failing brand. he seems to be willing to take these risks in all sorts of instances. not only does he only entirety of the house of fraser and thoughts direct, he also owns 30% of debenhams. if more and more high street brands will go under, it is not inconceivable that mike ashley will buy more. it will start to bring questions about him. there was lots of scrutiny about how sports direct treats its workers and the general model for making money. it is going to try and take that to house of fraser and debenhams, we'll be hearing a lot more about mike ashley. not only does he run sports director he also runs a relatively up

toysrus, maplin and bhs have gone under in recent years.of fraser is the latest and biggest casualty of them all. but unlike the others, it will survive in some form. catriona renton is in glasgow for us, where house of fraser began. what has been the reaction there? as you say, this is where this business began. 0n you say, this is where this business began. on that side of the road there in 18119, and out in that 170 yea rs there in 18119, and out in that 170 years since then has moved over to this side of the road. today, we have been talking to people in glasgow about how they feel about the news because this is an institution in the city. this is somewhere you will have seen if you come to glasgow, probably even have gone into it at some point. people reminiscing today about their experiences over the generations and over the decades that it was somewhere special to come shopping a few decades ago. nowadays, somewhere that isn't regularly shot with an incredible range. it is a shop that has things you cannot get anywhere else in this p

fraser were bought out by sports direct, stopping them going the way of major names like toy r us and mapline potential loss of big—name stores? here's what some of you had to say. disappointed and sad. been brought up disappointed and sad. been brought up with mns. i have a friend in a lot of the customers in the cafe she works in only come to town for marks & spencer for some she could lose herjob. i come back and forward to belfast regularly to visit my daughter and having a big store is really important. they should stay. if they are closing, we are taking the life out of a normal day—to—day life of the people. is house of fraser goes, victoria square suffers. i do believe that. i think it brings a lot of people in. suffers. i do believe that. i think it brings a lot of people inm still has a good name. if they can bring it back to the way it used to be. house of fraser in glasgow is a long established and well loved department store. we are now joined bya department store. we are now joined by a retail expert claire bailey. house of fraser yesterday being bought out by sports, direct. w

some of the uk's biggest high street brands have gone under — maplin, poundworld and toysrus.ks & spencer. restaurant chains prezzo, byrons and jamie's italian have cut outlets and jobs too. and now the department store house of fraser is on the brink of a potential collapse. it's closing over half its stores and is seeking a rescue deal. and new figures out today indicate that retail sales slowed injuly, despite the hot weather. our business editor simon jack is here. lots to talk about. the studio audience we will be talking to in just a few moments. let's start with house of fraser. what is the latest? it is pretty precarious. it has already agreed to close half the stories. some landlords wanted to stop that but they have settled so it has a plan to close over half the stories including flagship one 0xford stories including flagship one oxford st, in birmingham, around the country. the amount of cash at the bank is dwindling and suppliers are getting edgy about giving products without getting paid upfront and without getting paid upfront and without further investment most

toysrus, maplin and bhs have gone under in recent years. shoulder there, is where house of fraser started in 1849, of course, it has moved just across to the other side of the street there, so in that time, it has been an established institution here in glasgow. there won't be many people you will speak to who won't have heard of house of fraser, indeed beenin heard of house of fraser, indeed been in house of fraser at some point. there has been a lot of nostalgia talked round here today, that building has been owned by frazer since the ‘50s so you can imagine the decade, generations of people have grown up with it as something that is part of the high street and economically it is very important to the high street in glasgow, it is one of the keyjewels in the crown of the style mile as it is called, which is fashion retailers that stretch for round a mile through the centre of glasgow. it is one of the key points. it is ha rd we it is one of the key points. it is hard we were talking about this earlier to imagine this area without it and o