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House of Fraser set to close 31 shops

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By Louise Miner  with Reuters
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House of Fraser set to close 31 shops

Around several thousand job losses are likely as House of Fraser is proposing to close 31 stores.

It would leave the group with just 28 shops in the UK.

It's after mounting pressure facing the High Street.

The retailer is also seeking rent cuts to keep those shops open for another 7 months.