Retail news
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249 jobs go at Peacocks head office
- Posted:
- 20 January 2012 10:14
The administrators of Peacocks have made 249 head office staff redundant in the first job losses since the clothing retailer collapsed.KPMG said it would keep on the remaining 266 employees at the Cardiff offices and continue to run Peacocks' 563 stores and 48 concessions as it seeks a buyer for ...read more
Retail figures expected to show pre-Christmas boost
- Posted:
- 20 January 2012 10:12
A frenzy of pre-Christmas discounts helped retailers drum up more trade in December, official figures are expected to reveal today, but the beleaguered sector's woes are set to continue this year. The City predicts figures from the Office for National Statistics will show that retail sales were 0.7% higher than ...read more
JD Sports sales edge up
- Posted:
- 12 January 2012 10:33
JD Sports Fashion has announced a rise in like-for-like sales in its core UK and Ireland operations of 1.6% for the five weeks ended January 7th.The company added that its recent acquisition of the loss-making Blacks Leisure chain would lead to a small reduction in earnings in the current year, ...read more
Blacks Leisure is sold to JD Sports
- Posted:
- 10 January 2012 09:59
Sportswear firm JD Sports Fashion has bought Blacks Leisure out of administration for £20 million.JD Sports bought the 290 stores, including both the Blacks and Millets names and the bulk of the rest of the business immediately after Blacks Leisure was put into administration.JD Sports, whose largest shareholder is Berghaus ...read more
Bidders circle as Blacks calls in administrators
- Posted:
- 06 January 2012 10:01
Stricken retailer Blacks Leisure confirmed today it will go into administration but said it still hopes most of the business will be salvaged by buyers.The company, which runs 98 Blacks outlets and 208 Millets stores and employs some 3,600 staff, admitted it has failed to find an outright buyer after ...read more
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