Retail news
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Clinton’s collapse risks 8,000 jobs
- Posted:
- 10 May 2012 09:51
The collapse of Clinton Cards has raised fears for 8,000 jobs across the company's 628 Clintons and 139 Birthdays stores. The group became the latest victim of the high street spending slowdown after racking up losses of £130 million since 2004. Administrators at Zolfo Cooper said it is "likely that ...read more
JD Sports hit by Blacks acquisition
- Posted:
- 12 April 2012 10:53
JD Sports Fashion has admitted that more time is needed to improve the fortunes of the Blacks Leisure chain as it reported a 14% drop in group profit. Following its £20 million acquisition of the business in January, JD closed 81 of the worst performing stores and has already spent ...read more
Retail administrations rise 15% for Q1
- Posted:
- 10 April 2012 09:53
Shoppers continue to turn away from high street stores to internet rivals, triggering a 15% rise in retail administrations in the first quarter of 2012, a report revealed today.Accountancy firm Deloitte said a total of 69 retailers collapsed, up from 60 in the same period the previous year, as the ...read more
Center Parcs begins planning fifth UK site
- Posted:
- 05 March 2012 10:20
Holiday company Center Parcs has announced the construction of its fifth UK site. The new development at Woburn, Bedfordshire will create a total of 1,500 new jobs, the majority of which the company will employ from the local area, as well as 1,200 construction jobs.Investment funds managed by Blackstone, Center ...read more
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
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