'Shambles': House of Fraser posts £54.6m loss

Chain’s owner, Sports Direct, expresses regret at purchase and says more stores will closeThe consequences of Sports Direct’s acquisition of the struggling department store chain House of Fraser have been laid out in stark terms in the group’s annual results.The figures published on Friday revealed that House of Fraser made a £54.6m operating loss, worse than the £50m expected by analysts. Related: Sports Direct warns of 'terminal' House of Fraser problems and &euro