Fenwick department store chain reports seventh year of losses

Fenwick closed its department store on London’s Bond Street in February. Photograph: Leon Neal/Getty Images

The department store chain Fenwick, which closed its historic shop on London’s Bond Street in February, has reported its seventh year of losses as sales fell.

The family-owned group, which is left with eight department stores led by Newcastle, said sales fell 3% to £299m in the year to January and it almost halved losses to £38m.