House of Fraser had been expected to do better over Christmas
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Retailer House of Fraser has said cost cuts helped it offset a sales slowdown in the run-up to Christmas.
The UK's third largest department store group said it expected "satisfactory" full-year results.
House of Fraser has faced persistent bid speculation following the takeover of rival high street retailers Selfridges, Debenhams and Allders.
Like-for-like sales, which strip out the impact of new outlets, rose just 0.1% in the 23 weeks to January 3.
That compares with analysts' expectations for a rise of up to 2.5%.
Total sales for the same period were down 1.7%, caused largely by disruption from ongoing store refurbishments and closures last year, the company said.
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