Retail news
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Retail rents due tomorrow
- Posted:
- 28 September 2011 09:36
Nerves surrounding the UK retail sector will intensify this week as firms prepare to meet "quarter day" rental payments.Tomorrow will see many retailers pay three months rent in advance to landlords, heaping further pressure on businesses already under the cosh as they put on special offers to attract economising shoppers.The ...read more
Boost expected in July retail sales
- Posted:
- 18 August 2011 09:42
Official figures are expected to reveal a rise in retail sales for July as extended sales clearances drew in consumers.The Office for National Statistics (ONS) is expected to reveal a 0.4% increase in retail sales volumes last month, compared with a 0.7% increase in June.The British Retail Consortium (BRC) retail ...read more
Looted TJ Hughes store closes early
- Posted:
- 12 August 2011 10:32
Looters have forced the closure of a department store with the loss of 23 jobs, a union said.The administrators of TJ Hughes announced that the badly damaged discount store in Salford Shopping Centre would remain shut and its employees made redundant tomorrow.A large amount of stock was plundered by yobs ...read more
1,000 jobs go as 22 TJ Hughes stores close their doors
- Posted:
- 05 August 2011 10:28
Over 1,000 jobs are to be lost following the announcement by administrators of beleaguered department store chain TJ Hughes that 22 of its stores will have their last day of trading next week. Ernst & Young have said that 1,061 employees will lose their jobs as a result of the decision ...read more
Four-store deal saves 440 TJ Hughes jobs
- Posted:
- 02 August 2011 10:42
Around 440 jobs at failed department store chain TJ Hughes look to have been saved following the sales of four stores to rival homewares company Lewis's Home Retail (LHR).Ernst & Young, administrators for TJ Hughes, sold its stores in Liverpool, Glasgow, Sheffield and Eastbourne to LHR, a company associated with ...read more
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