Administration

McColls profits halve due to ‘supply chain disruption’

Convenience retailer McColls profits before tax dropped from £18.4m to £7.9m in the 52 weeks to 25 November 2018, impacted…

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18,722 retail jobs lost or at risk since Christmas day

Some 18,722 retail staff, 400 every single day, have either been made redundant or have had their jobs threatened since…

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61% of Brits worried high street will disappear in 10 years

Consumers are worried the high street is going to be lost completely due to the current store closures in the…

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Warehouse supplying HoF to shut affecting 280 jobs

A warehouse which supplies deliveries to House of Fraser is set to close later this year, affecting some 280 job…

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Mike Ashley acquires Sofa.com

Sports Direct owner Mike Ashley has acquired Sofa.com for a “nominal sum”, adding yet another business to his growing portfolio…

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Canadian record shop owner ‘enters race’ for HMV

Doug Putman, the owner of Canadian record store chain, Sunrise Records, is said to be interested in purchasing HMV. The…

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Oddbins falls into administration

Off licence chain Oddbins has fallen into administration with parent company European Food Brokers (EFB) blaming the deterioration of the…

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ScS ends Sofa.com talks paving way for Mike Ashley

ScS has ended its interest in acquiring rival furniture retailer Sofa.com stating it is “no longer in discussions”, leaving Sports…

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Mike Ashley and ScS in competition over Sofa.com

Both Mike Ashley and rival furniture retailer ScS have expressed interest in acquiring Sofa.com. ScS has confirmed via a statement…

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The UK’s high street woes

There are few sectors where the effects of the faltering UK economy have been more starkly visible than the retail…

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