Retail news
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"One company left" in race to rescue Peacocks
- Posted:
- 15 February 2012 10:17
The future of collapsed retailer Peacocks and its thousands of staff is facing further uncertainty today, after it was reported that only one company now remains in the race to salvage the company.Peacocks, which has 563 stores and 48 concessions and parent company the Peacock Group, collapsed under a debt ...read more
Footfall improves at out-of-town shopping centres
- Posted:
- 10 February 2012 09:36
British Land, one of the UK's biggest property firms, has said that occupancy and footfall at its out-of-town shopping centres continued to improve, giving further credence to the theory that shoppers are deserting high streets.The group whose retail portfolio is 80% in out of town locations such as the Meadowhall ...read more
Peacocks rescue hopes raised
- Posted:
- 06 February 2012 10:01
Hopes were raised at collapsed chain Peacocks today, after it was reported that a Pakistani billionaire was working on a bid to rescue the fashion chain from administration.Peacocks, which has 563 stores and 48 concessions, along with parent company The Peacock Group, collapsed last month in the biggest retail failure ...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
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
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